Banks also hate money. I hate also banks.
Transaction are fast in netherlands, but the bankcards are crap.
cards are times as thin with less plastic
Gold on the chip is now silver
they have used copper as little as possible
Bank like crypto. safes time and a lot of money.
That is why this system was conceived and developed by tech companies and the people people.
Banks will continue to exist, but they will become richer because everything will go automatically. Lot op people not needed annymore and 1 building for all administration.
People will always need loans. But will probably come up with an option to deposit it with a full compensation if it is stolen.
If you yourself have the risk of being hacked, all your money will be gone forever.
See bitcoin as a test mode right now. In a positive mind.
But how can you test it better than doing it worldwide?
Testing with mass hystery and dumps, with a lot and less miners.
2017 Bitcon was stress tested full power to see if blockchain holds, then fast dumps and so on and looking what it cant do. Whats going to happens. Think the exciting thing for techs is to wait anyway when all bitcoins are mined. Destroys the blockchain his self, works it after all coins mined well. they don't know it either.
Bitcoin technology is now just as far back as the T-ford.
10 years on, bitcoin has developed so far that it can no longer be compared with now.