Quote from: Zeke_23 on November 05, 2019, 12:09:28 PM

Quote from: putukin on November 05, 2019, 11:08:58 AM

Quote from: dimonstration on November 05, 2019, 10:24:40 AM

Quote from: nreal on November 05, 2019, 03:17:14 AM

Central banks are now the dominant structure that nations use to manage their economies. They have monopoly power and will not give up that power. While the adoption rates for Bitcoin and other digital currencies are small and the government's support for them is virtually nonexistent. So it is impossible for BTC to kill banks, which in my opinion is most likely one day that central banks will issue cryptocurrencies.

It will not be killed but atleast we have already an option now to stay away from banks that feels that we are so entitled to please and wait for our turn to give their service to us. We're so done now in long ques and many times of lag and maintenance of their mobile banking. I'm trying not to use banks every now and then in sending payments or paying bills but there is still need for ATM Machines for some cash. Soon if bitcoin ATM will be present in many area I can say that many will be curious and might switch into it than banking.

At this stage, it is difficult to overcome the banking system, I would say that it is impossible to do this. However, I agree with the view that the increase in Bitcoin ATMs will be a great way to popularize a coin and attract new people to this area, and maybe someday centralization starts to lose this confrontation

For now, it will be impossible. Bitcoin is still a lot more ways to overcome the banking system.
Our vision for Bitcoin ATM to spread worldwide will happen if mass adoption will happen. And I think, it's possible for the government to combine the power of the banking system to the use of bitcoin atm.

Bitcoin need banks to survive because people buy bitcoin using bank accounts and also people cash out their bitcoin investment through banks. The banks might be old and slow, but they survive for more than 500 years. Maybe in the future some cryptocurrency will show up and slow down the banks because they are very strong right now, the banks are even stronger than bitcoin at the moment.

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