Banks will die crypto will take over in 5-10 years
Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...
Govs want to much control on people...the world is becoming very strange and it all started with 9/11 attacks ... to many coincidences
To many things happened in 2 decades :
Terrorists attacks / Wars on Terror / Arab spring / SARS / Climate Change / Covid / Global trade problems and so on ...
Before 2001 life was normal ...does how are older remember ... now they are not even hidding it / no longer in the shadows what they are trying to do ...
Is it just to take peoples freedom for the "greater good" ? Will people allow their freedom to be taken ?
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Here is a example of problem with banks : I have another girlfriend or a secret kid from another women that i am sending money to each month to support ... now some banks started to ask questions what are you doing with your money ... ? Why are you sending to x,y,z ...We each have our own problems in life...Questions banks started to ask are to personal.
Since we started to use smart phones, our data became transperant. We started seeking comforts from where we are. So online transactions have become a prior and wanted payment method which reduced people stand in queue in banks.
So the bank's turnover has become bit shaky since Gpay and other top payment ops hit huge traffic than what used to happen with bank transaction via their own apps.
So yes, we have become a open book to all. In order to stop this, we need to follow what we were doing before 2001 as you said.