Post
Topic
Board Bitcoin Discussion
Re: Hard to swallow pills about Bitcoin and Blockchain
by
ene1980
on 24/01/2021, 16:03:55 UTC
An interesting view of a person who is involved in Bitcoin for a long time.
Bitcoin and blockchain was created to eliminate banks as a medium of exchange. But people go to banks to withdraw their money. Which is a total contradiction.
This is a view some might be having, but the fact is bitcoin is not created to eliminate banks, how you think everyone is going to purchase bitcoin, if the theory was true you need to invest in mining hardware and start mining so that you do not need to use your bank account to purchase the coin, if not any purchase you make you need a bank account to transfer the money unless you plan to risk yourself and meet a complete stranger to purchase bitcoin with cash.

Are people really in the industry for the money? Is this the reason why adoption takes such a long time?
With the market which is having too much emphasis on speculation rather than using it as a currency, what do you think, majority is looking to make the profit.