Post
Topic
Board Economics
Re: Is it possible to live without banks?
by
shoreno
on 30/05/2020, 08:12:03 UTC
Crypto's volatility in price greatly defeats its purpose as "digital cash". Until this issue is solved, I don't see the possibility of living without a bank.
This is due to the fact that cryptocurrency's value is still measured with reference to Fiats,

its measured in fiats so that causes it to be volatile ?  how come when fiats are stable  .  the value of cryptos could have been stable then  but no it ist  . there are other reasons why cryptos are volatile  . cryptos are already digital or digital cash and they can always be used for transacting online   . also this does not related for them to be used as a bank because i think banks are just different  but to the question of living bankless , hmm if we lived before without a bank then maybe why not we do it again ?