Post
Topic
Board Economics
Re: We, bitcoiners, should buy a bank
by
nicecrypto
on 17/02/2021, 08:31:30 UTC

I still see many people being puzzled by BTC, saying it's a bubble, that it's going to crash, etc...
Taking advantage of the huge price rise, I think some early believers should team and buy an existing bank. Not Barclays, nor JP Morgan of course, but there are small banks out there. Imagine a bank owned by bitcoiners, for bitcoiners. It would become an exchange, and it would be the best exchange in the world with the full ability to make Swift and SEPA transfers without the need to use the service of a third party.


Even though this sound like a good thing but i believe we are other stretching the importance of Bank over crypto. Even though there is no bank own by Bitcoiner but this has not stopped Bitcoin transaction and Fiat withdrawal except in countries where there has been a total ban, even in a country like Nigeria where the government recently announce that Banks should no longer support Crypto trading. people still find their way around trading and withdrawal via P2P. So putting too much emphases on owning a bank to me wont really mean much and besides if there is a global adoption, i think that would be better than the bank cos i believe we can still do bitcoin trade that is paying directly with bitcoin or any other crypto as accepted by the institution or Business.