For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
Just because we reached moon in 50's doesn't mean that we will leave the earth and reside on the moon. Isn't that's true?
The bitcoin and banks are the same thing like moon and earth where we know that there couldn't be better place than earth and there is no meaning to reside on moon because it is still harsh and technology is not advance enough to sustain there. We better know the facts that bitcoin is not sufficient enough in terms of its development to fulfil the needs of common banking. The banks work in different ways, to work them out properly they themselves needs rules and regulations so that they can handle the stress of economy and regulate it.
Take the fresh example in bitcoin world where one guy comes in and sells his millions and millions of worth and shake the prices of bitcoin thus leaving everyone unspeakable. If this continued then how bitcoin could be a good bank.
I appreciate with your thought. Bank is better than Bitcoin where bitcoin will not replace Banks in the future.