Post
Topic
Board Bitcoin Discussion
Re: Bank vs Crypto: Are they opposites?
by
aylabadia05
on 18/09/2023, 13:33:35 UTC
Both banks and crypto are financial engines that makes every monetary implementation and project possible. Why could there possibly be a conflict between both or in this instance classed as opposites?

Government is mostly making a lot of noise about crypto because of some scam projects that have proved unreliable with crashing or freezing of accounts and money laundering activities. All they want is to tax, monitor and control Crypto.
If they succeed, then we would see how both entities would exist in physical proximity and relational services.
I wouldn't want any mention of crypto for Bitcoin. Their business continues to maintain their desire not to use Bitcoin and still thinks that Bitcoin is bad because of money laundering activities or other illegal acts. For me, Bitcoin will have no effect on sustainability until they really realize that Bitcoin is a system that can be a solution in transactions.

We spend too long rhetoric about banks and governments being anti-Bitcoin or those who are pro-crypto which can be controlled by them, which will not provide good benefits for us here because banks are not transparent in managing our funds. They use their savings to make a profit. Bitcoin does not. As for other cryptos, it's up to them.