Post
Topic
Board Bitcoin Discussion
Re: Bitcoin banking system
by
alexsandria
on 11/02/2020, 13:16:28 UTC
Hello! 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 can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.
I don't see that the bitcoin can killed the banking system because still many people will use the banking system because they are more familiar on it than other system so it would be better if we stop by there. Maybe there would be a chance that thr old banking system will be killed if they will not follow the continuously upgrading of the system meaning if they will still use the old banking system then probably bitcoin will killed them...