Quote from: AmoreJaz on August 28, 2021, 11:33:03 PM

Quote from: Viscore on August 28, 2021, 11:29:32 PM

Quote from: Charot12345 on August 28, 2021, 02:36:30 PM

Quote from: crypticj on December 20, 2020, 05:51:06 AM

Central banks will rather adopt blockchain and evolve. Bitcoin solely is not enough to solve global problems

Yes, it was right. Crypto or blockchains are already there and the people who adopts it are continously increasing each day so, in order to make the central banks to not collapse on the very far future, they need to adopt it and make some adjustment too.
If the government do not accept bitcoin, central banks will never collapse because it will always be needed.

Exactly. The central banks won't be triggered by crypto because its more established than crypto and people will still be needing it no matter what.

However, if the people themselves will stop from using it and chose bitcoin then maybe it might be fully triggered that will cause its collapse. But so far, central banks are still in huge demand so i don't think it will be threaten by crypto.

and i believe that situation will not happen in our lifetime. as it was mentioned, traditional banking system has been established for decades and decades already, so for me this new technology will not trigger the collapse of banking system. they may really adopt the technology to hasten their process, but it will not replace or collapse their system. up until now, the percentage of crypto users vs global population is still very small. though the adoption is increasing but as i said, we may not see in our lifetime that bitcoin or any other crypto will replace the traditional banking system.

This is true for me. I know i'm a fanatic about crypto but i don't think that bitcoin will eventually cause the government and its traditional financial system to collapse. Because if we see that way, then bitcoin is not doing its purpose anymore. It may trigger the old financial system because most of the people here are already into new technology and digital currencies but it will not come to the point that it will replace fiat and make the central bank to collapse.

Yes, bitcoin has become more popular today but its utilization is still less because only few countries are legalizing the use of bitcoin. So it cannot replace the whole traditional banking system not today or in the near future.