Quote from: minersday on November 26, 2019, 04:13:36 AM

Quote from: oneman12 on September 05, 2019, 05:45:10 PM

Hello traders. What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks cant control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

On a real note, I don't really think Bitcoin will be able to kill the banking system. This is because, 80% of the financial ecosystem is ran by the banking systems all over the world and these systems have been around for ages and transformed from time to time. Personally, I will love that the bitcoin blockchain system is combined with the banking system to introduce diversity into the financial ecosystem. With this kinda combination, people can easily use and make transactions where ever they find themselves. This will help improve the economy of the entire world.

Exactly, bitcoin is not stable like money so it should not replace our current system.

The government may upgrade but they can't eliminate the paper money as there are still a lot of people in the world who have no access to infrastructure and we all know that crypto means online transaction and it requires knowledge to everyone who wants to use the blokchain in their transaction.

bitcoin will remain as an alternative but fiat will be the main money.