Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can / cannot replace the banks ?
by
Coinsfera
on 04/03/2021, 08:38:23 UTC
Banks are designed to provide safe protection for people's money and to lend to those in need at a certain amount of interest or dividends. Bitcoin, on the other hand, is an investment system that is controlled by a decentralized authority and consensus. So, as Bitcoin has a different ecosystem than normal banks, the two cannot completely substitute for each other.