Crypto vs Banks

[Dormilon 2183]

On 10/15/2019 at 3:10 AM, duncun007 said:

Ever since the financial crisis 2008 people became aware that their money isnt safe at banks and so are their investments, bitcoin emerged as a savior and an alternative that might eventually replace banks, (fast-forward thru the parts where bitcoin price went from .01$ to 20k)  I've heard too many mainstream economists saying bitcoin isnt going to last and no sane government would accept it because simply we dont know who controls it.

my question is in this ongoing war between bitcoin and banks who is going to win and why?

@duncun007 There is no war between BTC and the banks, but between what a cryptocurrency implies and fiat money, if banks see that there is the possibility of adopting BTC in their operations to obtain profits, they will not hesitate to take it and make it part of their operations , because for them, obtaining profitability is the important thing, where there may be an obstacle is, between the use that governments could make of cryptocurrencies, they want to control their economies and crypto is not for that, so there the battle for the control, many are migrating to digital currencies to give them competition in the field of technology and money, they will try to reach there in their battle against cryptocurrencies, who will win? That remains to be seen, it will be the people who decide how they want manage their finances, but governments are leading so far. greetings

[Villa33 143]

Finally the opportunity has come to decentralize the economy, the monopoly of the banks is ending, hopefully there will be better education about cryptomoney and how to use it, and that world trade will start using it as real money

[Izeal 4404]

If you are asking for personal choice then I would choose bitcoin because bitcoin is decentralized coin and if we have more volume then we can manipulate then they works under blockchain they are transparent but they are anonymous to other, secure and protected in their own blockchain. But I don't like the traditional ways of bank and slow process.

[Simon London 1749]

Hello everyone, in my opinion, Bitcoin took the first step in the instant payments revolution, as well as in the possible banking decentralization, cryptocurrencies do not belong to any bank or government, for this reason its usability generates confidence with respect to the system banking.

[wassim19 645]

On 15‏/10‏/2019 at 08:10, duncun007 said:

منذ الأزمة المالية لعام 2008 ، أدرك الناس أن أموالهم ليست آمنة في البنوك وكذلك استثماراتهم ، ظهرت عملة البيتكوين كمنقذ وبديل  قد يحل في نهاية المطاف محل البنوك ، ( سريعًا من  خلال الأجزاء التي انتقل منها سعر البيتكوين. من 01 إلى 20 ألف دولار) لقد سمعت الكثير من الاقتصاديين  العاديين يقولون إن البيتكوين لن تدوم  ولن تقبلها أي حكومة عاقلة لأننا ببساطة لا نعرف من يسيطر عليها.

سؤالي في هذه الحرب المستمرة بين البيتكوين والبنوك من سيفوز ولماذا؟

 

The economy should not have a central control panel. The accumulator came in order to break the dominance of global banks over people's money, as it allows you to train in controlling your money with absolute freedom without restrictions or fees and ease of use anywhere in the world

[reta213 766]

I do not think it is a matter of winning or losing, but Bitcoin and currencies will continue to evolve until their use becomes global so that the banks lack users who want to exchange

[The Game 2059]

In this kind of situation bitcoin will win because of it anonymous features that it have but in the issue of bank plenty people are tired with the way the bank system is charging them on countless occasion. Well bitcoin have no tax to pay and the government will not have anything to do with your wallet account and is a quiet environment that make every transaction secretly without involving third party.

[Trainz 889]

On 12/10/2020 at 8:51 PM, The Game said:

In this kind of situation bitcoin will win because of it anonymous features that it have but in the issue of bank plenty people are tired with the way the bank system is charging them on countless occasion. Well bitcoin have no tax to pay and the government will not have anything to do with your wallet account and is a quiet environment that make every transaction secretly without involving third party.

Our money is controlled by people when it is stored in the band, and those people will be responsible for any means of loss or anything ,but cryptocurrency is managed by us, when we get scammed no one will refund our currency, that the difference,every member with the one they feel is more useful to them @The Game

[KHALED ADWANI 1216]

Some governments have already started accepting bitcoin as a currency, and this is the first step
Also, some companies pay their employees' salaries through bitcoin, and this is important as well
Every day we hear about more companies accepting Bitcoin as a means of payment, despite the different levels of these companies
Banks have two options
The first is to reject Bitcoin and accept defeat
The second is to recognize Bitcoin as part of its wealth and continue working

[Amr90 1064]

There is no war between Bitcoin and the banks to begin with.
Banks provide services that Bitcoin can never provide, so we will not see the end of banking at the hands of Bitcoin.
Yes, it gives more safety in times of crisis than flat money, but there is a division between people who accept Bitcoin and those who only trust banks.

[The Game 2059]

1 hour ago, Trainz said:

Our money is controlled by people when it is stored in the band, and those people will be responsible for any means of loss or anything ,but cryptocurrency is managed by us, when we get scammed no one will refund our currency, that the difference,every member with the one they feel is more useful to them @The Game

Actually you are right on this because the major difference about these two currencies is that crypto is decentralized by the government because of it anonymous features and the bank is legalized by the government because of third party and some other percentage that it offered.

[sormis 567]

cryoto currency is also digital currency in the world other wise bank is also another popular site so that many people safe there in this bank after that they will withdrew there money.

thanks

[abohasnn9 2401]

Dear friend, I see that Bitcoin is the one who wins and will win now, since 2008, since the inception of the Bitcoin currency and to this day, the Bitcoin currency has reached from a cent and a challenge for each bitcoin to 20 thousand dollars and all banks have been betting on Bitcoin to go, but some banks have gone and Bitcoin continues until now  And I bet he will win, thanks

[Roarnoman12 621]

I have no idea about that and I guess we cannot predict thet who is going to win this war. But we know one thing and that is cryptocurrency is the safest place to save and store money.

[Donor 1451]

1 час назад, mhmd7 said:

I believe that banks will soon adopt cryptocurrencies in their transactions and will accept storage in cryptocurrencies in order to gain good profits from this field and exploit it. 

Yeah.. it’s just hard to imagine that banks are like “Well, cryptocurrencies, do your own business, we don’t care”

Banks live due commissions and deposits so they will try to handle whole cryptocurrency sphere.. unless they don’t want high profit (which I doubt)

It’s just a matter of time before they start develop their own crypto, but I wonder how they’ll deal with anonymity. For example if I want to make deposit (or just store my tokens) they’ll demand my passport. That’s weird:/

[Trainz 889]

9 hours ago, The Game said:

Actually you are right on this because the major difference about these two currencies is that crypto is decentralized by the government because of it anonymous features and the bank is legalized by the government because of third party and some other percentage that it offered.

Yes you really get my point, money stored in banks involved third party, but cryptocurrency does not involve that,we manage it, we control it ,and we use it anytime we like without consulting anyone

[Mushahid Bajwa 186]

In my point of view the bitcoin will win the race if the positive condition are for bitcoin because the bank do not gave any earning on money but bitcoin may changed and high rates presents

[Pranto1 40]

The main difference is that crypto is a decentralized and global digital currency, or in other words, out of the control of banks and not supported by the central government.Banks only exist because they are currently using a large population but when the next generation arrives that number will halve and even less after the next generation.

[Nicole018 4548]

I think that both would go parallel to each other in the future. because banks are something that are backed by Government and Nations and also majority of the citizens. banks have the trust of people for many years even though some crisis had happened. But still considering the importance of cryptocurrencies no doubt Bitcoins would also gain high position.

[Malik9532 1276]

On 10/15/2019 at 12:10 PM, duncun007 said:

my question is in this ongoing war between bitcoin and banks who is going to win and why?

I think both things are has their advantage and disadvantage .  We used bank for safe our money and invest our money . We get fith money from the bank and we can get digital currency mean bitcoin from the crypto currency . But we can easily use fith money  in our country . 

[Anzaatta 379]

The main difference would be that Crypto is the centralized and global digital currency for, in other words, outside the control of the banks and not backed by a central government .cryptocurrency, as well as fiat currency can be used to produces goods and services.

[Sp19a1ma019 1076]

There is no compromise between the Crypto and bank. Because the bank is the fiscal gateway your money is save and withdraw but the Crypto is the digital currency you can't fisicaly touch it's all moment throw internet. 

[Aulla1997 424]

It is a very confusing matter, so if we think a little, we find now that crypto has abolished the borders, and every person can keep his money on his device and send it to anyone at any time with a small fee, but on the other hand who manages the crypto and behind this scene it is really a scary thing and the banks remain on its downsides are acceptable as long as the source is known.

[Msh9 84]

It is a great idea, my friend. Cryptocurrencies are more important than the work of banks, because you can monitor your balance, control it and withdraw it whenever you want and get good profits from investment.

[Ses93 1624]

The digital or encrypted currency, on top of which is Bitcoin, is a virtual currency and no central bank supervises its printing or issuance. The ownership of digital currencies is documented in encrypted records stored on computers and with their use there is no third party beneficiary
As for the banks, they are controlling and overseeing the buying and selling operations