Banks are way too analogy?

[Choudhary umer 0]

You said absolutely right in these days the population of the Bitcoin is going high and I see that there are some banks and exchanges are work to exchange your cryptocurrency in your national currency that is good sign

[Abrar1122 10]

the banks actually use their own servers that means they are first than you think and the transactions are even faster so I cannot say that they are not fast or old fashioned

[abohasnn9 2401]

Dear friend, the blockchain platform is very close to taking approval from banks to spread cryptocurrencies and approve them by banks, so governments are very afraid of this matter because of the centralization of cryptocurrencies. I think that it is good to adopt cryptocurrencies in banks and this is something that began to be verified because Paypal has already adopted cryptocurrencies and bitcoin. Thank you.  So much

[Khetam 328]

On 11/22/2019 at 12:22 PM, faceless said:

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements.

 

While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks.

 

Why do you still believe in these banks? they have nothing to offer anymore.

 

 

I don't think banks are like cryptocurrencies dealing either in terms of cash delivery and collection. Cryptocurrencies are much better in all respects and the best on banks. 

[velasco19 1753]

In a certain part I agree, banks are necessary and we must trust them until there is a change in the economic system, I believe that for the moment they are trying to adapt because technological advances demand it, hopefully in several years cryptocurrencies will have an implementation in our lives.

[pax166 0]

On 11/22/2019 at 10:22 AM, faceless said:

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements.

 

While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks.

 

Why do you still believe in these banks? they have nothing to offer anymore.

 

 

You are right mate. Banks are becoming obsolete. They have failed to meet up with human needs and development. They are still behind in soo many aspects. But cryptocurrency has given us a better way of financial management which does not require any third party. It has given us sole control over our money and investment. 

[lari0695 13]

Yes my friend, banks are very deficient to handle and transfer money anywhere in the world, something that helps us a lot to do this are the cryptos, whose function is very large because it also helps us to generate income if we invest well in cryptos, certainly blochchain technology improve the way banks work.

[abd1992 960]

On 11/22/2019 at 11:22 AM, faceless said:

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements.

 

While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks.

 

Why do you still believe in these banks? they have nothing to offer anymore.

 

 

Blockchain is very similar to banks in its work, but it is actually better and faster than traditional banks and it is more investor

[Ihtsham 68]

Yes it is banks are using old technologies but I think we have surety that our money is safe because someone is owning the banks but I think no one is owning cryptocurrencies. It's true there is lot of profit in cryptocurrency but you can face a lot of loss. So it's totally up to you that which you choose. 

[Khetam 328]

21 hours ago, pax166 said:

You are right mate. Banks are becoming obsolete. They have failed to meet up with human needs and development. They are still behind in soo many aspects. But cryptocurrency has given us a better way of financial management which does not require any third party. It has given us sole control over our money and investment. 

 Yes, banks have become an old fashion for cryptocurrencies. In terms of keeping money, payment method and the way money is received. Cryptocurrencies are much better. 

[godislovefll 1880]

Very true friend, banks are very few responsible for updating their way of paying and it really is not that they have very good technological advance, I think that they delay and maintain their interface as a tradition so cryptocurrencies and transactions are very different from banks traditional where it gives very great benefits.

[MoralStories 1127]

the Bitcoin and cryptocurrency is changing the lives in that's true but the evolution in banking system is already on its way because now there are online banking introduced and you do not have to go to the bank physically in order to make transactions

[yenniferamos14lsv 45]

If you read the news you will realize that the owners of banks and large merchants have retracted in terms of bitcoin and cryptocurrencies and some will begin to grant custody and other types of services for their clients who are interested in cryptocurrencies, it is true to use Cryptocurrencies give us a lot of room for maneuver in addition to that we ourselves control what happens with our money, it is unthinkable, but I see that bankers and other merchants will get on the cryptocurrency train very soon, hopefully for the better.

[yulitzacalvete 1366]

Thanks to the creation of BTC and its transactions, we can see that banks and their transactions are obsolete, so it is time that they improve this system because cryptocurrencies are much better than bank transactions.

[Upright 2688]

On 11/22/2019 at 4:58 PM, PiroSense said:

Banks are different than of fiat and cryptocurrecies. What's good about banks is that you're backed by government fiat, and in addition by the company the bank is under. Whatever happens to your money that is not your fault, would be their liability. It's generally much safer than storing your hardworked funds just to lose value on cryptocurrency that is backed by nothing.

That's really true, as on the nature as to how Cryptocurrencies are Being backed, as to whether a commodity, or by a cooperation, but with the nature of Cryptocurrencies, it is self circulating in which norms governing it are well decentralized chained system which can be compromised. But banks are not analog, it depends or how you choose to store your funds that depends on you

[Oki 675]

I think saving in the bank is not profitable at all because we don't get any profit from it, we put money in the bank, that means we invest there but every month we are charged quite a lot of administration fees. It's very different if we invest in Bitcoin, when the price of Bitcoin goes up we can get a lot of profit, it only remains where we put the money in either the bank or Bitcoin.

[Jawad Nazeer 131]

Banks do not provide us benefit like cryptocurrency because banks have old technology therefore they are not advance. But fiat and cryptocurrency is most using now a days and make more benefit. So banks do not become advance like cryptocurrency. We are well aware of the working of cryptocurrency from last 10 years and banks do not allow us like cryptocurrency.

[online123 992]

On 11/22/2019 at 3:22 PM, faceless said:

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements.

 

While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks.

 

Why do you still believe in these banks? they have nothing to offer anymore.

 

 

Banks have been in the world for many years but have not been able to improve the world much.It's been 10 years since Bitcoin came to the world. Bitcoin has changed the whole world because we can earn from bitcoin. People have improved their quality of life as a result of Bitcoin.

[zeshan1122 654]

It is too early to aspect something from the bitcoin now as it is not the peak of the creation and there are a lot of things that it need to do before it can make you some of the easiness.

[getyou 204]

On 11/22/2019 at 11:22 AM, faceless said:

Banks have very poor technological means that they use to run their services, like the fact that you have to stand in a fallen to pay for bills school fees etc. It has been years since the establishment of banks and still there is very poor advancements.

 

While Bitcoin Bitcoin has only been around for 10 years and it has already changed the lives of people and threatened the very presence of banks.

 

Why do you still believe in these banks? they have nothing to offer anymore.

 

 

@faceless There is a clear difference. Central banks are supported by the government as cryptocurrencies are not supported by anyone, as banks are more secure and there are officials through those banks

[Quickbee 26]

It is not fair to compare Banks with Cryptocurrency. Both have their own advantages and disadvantages. I am sure everybody knows about it. But to name one, if you lose your private key in Cryptocurrency, you have lost everything. But in the case of banks even if you lose or forget your login I'd and password, you can still recover your funds. 

[Obliv0n 333]

In my country, banks are on par in terms of technology, they have some deficiencies but it is not something alarming, like bitcoin and although they are no longer so necessary, they fulfill the purpose for which they were created, I consider that although cryptocurrencies become popular banks will always be necessary.

[teebasas 3018]

Cryptocurrencies have offered banks a strong rivalry in those 10 years. The majority of banks do use old technologies. Now people no longer have to go, cap in hand, to a bank instead of using cryptocurrencies when at home for their transactions, and this process is much quicker.

[khaler 1549]

Banks are supposed to start dealing with these currencies correctly in order not to lose their customers because many people have begun to move away from banks and resort to cryptocurrencies and wallets.

[wisesaba 49]

Yeah... As most enlightened people about crypto currency don't even store up their money In banks rather they place it in their wallets as they know it's advantage