Post
Topic
Board Bitcoin Discussion
Re: Bitcoin banking system
by
M0use
on 27/04/2020, 13:02:13 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.

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It would never kill banking. At some point where plenty of people with less prior crypto knowledge would all start using btc, banks would adapt and instead of i.e, usd saving accounts, they would make btc saving accounts. I pretty much think bitcoin will kill most fiat currency's. Governments dont like btc since they dont print it, we do.