Quote from: Tylev on September 06, 2019, 04:09:50 AM

So far, no means of payment is perfect. Therefore, I would like to use both the old means of payment and new ones. In my opinion, this will be optimal. In some cases, using cryptocurrency as a means of payment will be very difficult or even impossible. Therefore, do not immediately abandon the old means of payment, such as cash. Yes, and this is hardly possible.

Agree. Both sides have their distinct advantages/disadvantages. You just have to think what's best for your money, by adopting both banks and crypto. It's no secret that crypto brings us huge gains, while Banks helps keep our money safe. By leveraging cryptocurrencies and Banks, you'll be able to achieve financial freedom in the long term. It's impossible to live entirely on crypto, as not many businesses accept it as a payment method. Fiat is well-known to be stable and instant, which is why it's still the payment method of choice for such entities. Without a gateway to Fiat, crypto will be doomed as it's not an indispensable form of money. Crypto depends on Fiat to succeed as an alternative payment system for the world.

The only way to live off crypto entirely is if there an ecosystem large enough around it. Not to mention, there needs to be a wide acceptance of businesses and merchants worldwide to be able to use crypto to buy stuff that we need. With this, you can forget about Banks as you'll be able to use crypto in many of the areas Fiat is used today. But we all know, this is more of a dream than anything else. Just my thoughts Grin