Post
Topic
Board Bitcoin Discussion
Re: Will bitcoin co-exist with the current financial system
by
dansus021
on 21/10/2020, 10:00:00 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.

Total True and i also i live in development country regulation about bitcoin in here is not to tight and also are you heard the news recently that bank is racing to adopt blockchain technology and i think slow but sure people gonna use crypto as secondary payment after digital wallet  because so many things going on on crypto industry from stable coin,stable gold and recently about Decentralized Finance