ㅤ - page 6. | Bitcointalksearch.org

so98nn

hero member

Activity: 2086

Merit: 603

The crypto adoption is way futuristic for now and it is good thing because it’s adoption is going to be gradual and immediate. This is similar to accepting fiat money in the form of coins, papers and digital money today and how it all got accepted after gold. So there was no hesitation in doing that from gold to fiat so why would it be so difficult with the crypto anyways?

We need new ways because we need it according to how it changing for humans the way we moving forward. Wink

I think both banking and crypto currencies will keep backs of each other in the future. Because no matter what, there will always be population who will want to have fiat and others will choose crypto currencies.

For now obviously banks do not know what exactly to be done with all the crypto currency jumbled around their neck. But eventually there has to be a way where they will need to come to an agreement on using both the assets side by side.

fiulpro

hero member

Activity: 1862

Merit: 830

Why would they be ?
They would not only be loosing investors, but customers as well. Banks are an important part of the society but their dominance is nearly toxic and too controlling for the people therefore they are trying to look for other options and cryptocurrencies are perfect!
Many banks are also controlled by governmental bodies which does mean that they are in a danger of taking their power over the people, the current system of money printing is essentially a probelm since this is putting a lot of risk out there for people, people are scared of keeping their Investments in the banks, who knows when the government can put out laws that might be bad for the middle class.
Banks rather should work on making the whole adoption of cryptocurrencies better by integrating with them which can make their cash inflow and outflow stronger, indirectly making them more stable.

Vaskiy

legendary

Activity: 2646

Merit: 1106

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Quote from: jrrsparkles on December 14, 2021, 11:01:25 AM

Ofcourse, they are. Banks are the middlemen for every transactions happening in this world either in some way but what is the main motto of crypto currencies which is to eliminate the middlemen so called trusted third party.

We can add more into the list about the central bank of countries where cryptos are banned officially but the reasons they are saying is different from what is the actual reason which is bankers are afraid that how they can print money anymore if cryptos are adopted worldwide? How they can make money out of thin air?

Surely the banking industry will have fear about the adoption of bitcoin, because the central reserves can't print money and make money out of thin air. However people won't think of the technical things, but takes in account the real-time usage. As of now we haven't got big access around the globe. So, surely cryptocurrency will coexist than functioning independent.

hyudien

hero member

Activity: 2100

Merit: 596

Leading Crypto Sports Betting & Casino Platform

We just need to underline everything with one word "BANK". because the root of everything lies in how Russia, England, or any other country tries to attack crypto with news, none other than just because crypto gives financial access to its holders to more freely control what is their financial right without giving any amount of value to anyone. The bank wants you to pay taxes on the proceeds, the bank wants to receive the income you make, the bank wants to control how much you have to limit and how much tax you have to pay them.

jrrsparkles

sr. member

Activity: 2436

Merit: 272

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Ofcourse, they are. Banks are the middlemen for every transactions happening in this world either in some way but what is the main motto of crypto currencies which is to eliminate the middlemen so called trusted third party.

We can add more into the list about the central bank of countries where cryptos are banned officially but the reasons they are saying is different from what is the actual reason which is bankers are afraid that how they can print money anymore if cryptos are adopted worldwide? How they can make money out of thin air?

pinggoki

sr. member

Activity: 1498

Merit: 416

With them admitting that crypto harms their interests which is the current financial system, I think that it's safe to say that they're afraid of cryptocurrency. Plus, it's also preposterous for them to say that cryptocurrency is used for fraudulent activities when in reality it's not the case because it's probably easier to trace someone when it's online especially with more tech firms finding ways to track crypto criminals, I don't think that fraudulent activities would last very long.

Symmetrick

hero member

Activity: 520

Merit: 11957

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