Quote from: Hamphser on January 04, 2022, 09:43:34 PM

Quote from: chochi1621 on January 04, 2022, 10:40:57 AM

Quote from: dunfida on November 10, 2021, 10:48:30 PM

Quote from: spy100 on November 10, 2021, 10:18:48 PM

Banks will die crypto will take over in 5-10 years

Banks would never die as long government do exist and come to think that it wasnt even possible even on my dreams on having a society thats been ran

on a decentralized manner because it would just basically wipe out the true existence of government in the first place if ever that thing happens.

Taking over is something is really impossible to happen.We cant deny that there are services we do really need on a centralized network.

I agree with this. As long as the government exists, banks will not disappear and especially the government will not allow crypto to take over banks unless the bank uses cryptocurrencies. Because banks pay a lot of taxes to the government.

Not all banks are very personal asking because they also know that all their clients have privacy, if someone already has an account with a bank they are no longer there to ask questions or interview their clients. Unless the person who's asking you is interested in your personal life, bank staff do not have to ask their client sensitive questions. Before you open a bank account, you need to pass the requirements and they have a form provided for your information so that they will know what a person's source of income is.

Do we really think that elites above would make or let crypto to take over in overall financial system which is centralized? 101% it wont really happen and just as been said that as long government does exist then they wouldnt let for these things to happen and would still stick into those traditional centralized system which they do prefer the most.They dont like on something which cant be controlled nor be traced or simply they are being blinded which crypto could give out.They both could co-exist and it isnt really just right to make out presumptions that fiat would be erased up on existence because of crypto
which is really an impossible one.

in this case control is key. the political elites certainly object to the decentralization system, because they are difficult to control, and defeat the currency of their respective countries which is a strong national identity. I think fiat can be shifted to cryptocurrency later, but I think it will still take a long time, at which time crypto can be seen as a currency that is in accordance with the development of the era at that time