Post
Topic
Board Bitcoin Discussion
Re: Hard to swallow pills about Bitcoin and Blockchain
by
Yatsan
on 26/01/2021, 14:12:47 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.

Are people really in the industry for the money? Is this the reason why adoption takes such a long time?

Do you share his view?


https://crypto-potential.com/post/hard-to-swallow-pills-about-blockchaincrypto

Bitcoin and blockchain is not hereby created to eliminate banks. It have been originated into the idealization of having another mode of payment through digital currency and to make traditional way of transaction to get even faster. There must not be a competition or comparison in between those two for they are playing their roles depending on the needs and wants of the people availing for the service and benefits they can provide. Indeed it is a fact that people works on Bitcoin and gets into bank to withdraw money for they see Bitcoin as an alternative way to source out possible income that can be converted to fiat. People do have their own reasons on why they get into using and purchasing Bitcoin which might be for the sake of money, investment or even trading but that all falls for the idea of having something you can use for payment and transactions.