Post
Topic
Board Bitcoin Discussion
Re: Bitcoin banking system
by
hv_
on 01/05/2020, 06:11:02 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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The coinbase's of the world will become the new banks offering key custodial services. Banks won't go away, they will adapt.

Only if they go fully under regulations imo. Too much money laundering and shitty defi making only whales and criminals rich will lead to a Liberty Reserve like lock down of crypto quite quickly