Original archived Re: Can Bitcoin eliminate local banks?
Scraped on 02/08/2025, 21:32:36 UTC
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Bitcoin is not a stable coin.
To be fair the user didn't say a stable coin, but as a stable currency. Bitcoin is not stable enough to use it for some purposes, but that is to be expected when its value is massively appreciating. One day this may change.
It is not stable. Whatever you want to call it, it is still not a stable currency or coin.
1 Bitcoin is 1 BTC.
Go back to the white of Bitcoin. That's the answer. Now. Don't wait until tomorrow to read it.
It seems that you don't understand basic English, go back to English classes instead and economics for dummies.
Bitcoin and banks offer different services to the people, so they need to co-exist with one another, and not that bitcoin will eventually replace the local banks because that’s actually very impossible to happen.
Bitcoin does not offer any services, Bitcoin is not a business. The rest of the post is alright.