Bitcoin is a virtual currency that uses peer-to-peer technology to operate with no central authority or institutions like Banks. By its very own definition, Bitcoin sounds well positioned to kill central banks. Could it?
Bitcoin is still viable in my opinion, as it has undermined old and outdated central banking technologies. Bitcoin is not stagnant, unregulated, has no symptoms of system maintenance, no complicated voting papers, payment authorization, sec, collection authorization ... etc, cumbersome, lax control, not clear. No one can deny, the birth and existence of bitcoin is a threat to the rudimentary technology of banks. When asked, where would you choose to preserve your assets, gold, bank or bitcoin? As a loyal citizen, I will choose bitcoin!