Quote from: frankybutterin on May 23, 2018, 01:39:44 AM

Quote from: dwsgh on March 06, 2018, 04:37:39 AM

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?

although in the future bitcoin will become a universal digital currency. I think bitcoin can not replace bank functions. banks are financial institutions that provide credit loans to customers who need them. and banks as well as institutions authorized to distribute the salaries of civil servants and where we pay taxes. if the bank does not exist how we will do it all ?. bitcoins and banks have different functions that can support each other.

Banks are indeed strong and they have a lot of supporters including the government which can help them to get rid of the cryptocurrencies if the cryptocurrencies will try to cross the line so i think that the it is not enough for us to expect to replace the bank institutions because it will not succeed and we should just make the cryptocurrencies as an option and not like a primary replacement.