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Topic: 2021-02-02 FT - Bitcoin cannot replace the banks - page 2. (Read 220 times)

legendary
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For several hours on Wednesday, the digital services the US Federal Reserve uses to clear transfers between banks were offline due to an “operational error”. Bitcoin holders crowed about the reliability of their payments network, distributed among all the computers mining coins. Zac Prince, chief executive of BlockFi, a crypto lending company, showed more restraint, pointing out on Twitter merely that payments over crypto “continue to operate normally”.

https://www.ft.com/content/1ce89fb7-f0f4-4dcc-994d-713745c4e16a

Bold one boy! Buckle up guys for this one!
I maybe agree though as it is true that Bitcoin cannot replace the banks! It cannot replace something that will be rendered useless moving forward! I cannot wait for the days when banks will have to open LN channels with their wealthy clients if they want to still do some business.
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