Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin co-exist with the current financial system
by
witcher_sense
on 21/10/2020, 05:45:12 UTC
Will bitcoin exist with the current financial system?
What do you mean by that? Bitcoin was created, has been used and will exist because the current financial system is broken. Bitcoin is an attempt to create a completely independent financial system, a system that governments cannot control. Although they can fight it and try to regulate it. For such financial system to succeed and replace the current one, it first needs to survive in battle with the states and central banks. They should be deprived of the ability and power of control money supply and money issuance. It is not going to happen any time soon, but still bitcoin nowadays can and should be used by people completely isolated from financial system, it is for them, after all, bitcoin was born.