Banks will die crypto will take over in 5-10 years - page 13.

davis196

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Quote

Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...

Centralized cryptocurrency exchanges are going to do the exact same thing,because they will be forced by the crypto regulations.
Perhaps the crypto users will dump all centralized exchanges and focus on peer-to-peer transactions,decentralized exchanges and using privacy coins.
Banks will most likely never die.They might become obsolete at some point in the distant future,but I'm sure that they will continue to exist in the next decades or even centuries.
Who is going to give out loans,when there are no banks?What will replace the loan system?Cryptocurrency loans aren't that good,due to the price volatility and high interest rates.
Life wasn't "normal" before 2001.It depends of which part of the world were you living back then.
Life was really shitty in Eastern Europe during the 90s.

Kez1817

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www.cd3d.app

Banks will stay an never die. But in the future, bank will look very different from today. Because they need to do something to gain more trust from their consumers. It's good if banks will accept crypto currency because we all know that not all 100% population all over the world are already in crypto and mostly they are still using banks. We can't deny he fact that we still need banks even we prefer crypto over it. As long as government is there, bank will never die.

Hydrogen

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It is good to remember that banks have existed in one form or another for thousands of years.

There are segments of the economy where cryptocurrencies may never be well equipped to replace banks. At the moment crypto is not well positioned to takeover automotive, student and real estate loan markets. If an altcoin did emerge with a network of background checks, repo men and the liquidity to make large loans for homes, higher education and cars -- would there be advantages to it, over our current day banking industry? Which would allow crypto based alternatives to thrive over existing options?

Central banks are tied directly into the planning and direction of the economies of nations. That could be one area that couldn't be replaced by an altcoin.

It would seem that we have some obstacles to overcome, if crypto is to ever replace the banking industry.

dunfida

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Quote from: spy100 on November 10, 2021, 05:18:48 PM

Banks will die crypto will take over in 5-10 years

Banks would never die as long government do exist and come to think that it wasnt even possible even on my dreams on having a society thats been ran

on a decentralized manner because it would just basically wipe out the true existence of government in the first place if ever that thing happens.

Taking over is something is really impossible to happen.We cant deny that there are services we do really need on a centralized network.

magneto

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Doubt that banks will just go away.

Banks will certainly adapt to the new crypto landscape and start offering wealth management and transaction services that are denominated in terms of crypto.

But they will certainly not be extinct. Even in the crypto sphere some degree of centralization is necessary to sustain practices (at least as of current).

spy100

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Banks will die crypto will take over in 5-10 years

Why ? They are starting to ask to many personal questions and monitoring people like they are criminals / terrorists etc ...even if they are not ...
Govs want to much control on people...the world is becoming very strange and it all started with 9/11 attacks ... to many coincidences

To many things happened in 2 decades :
Terrorists attacks / Wars on Terror / Arab spring / SARS / Climate Change / Covid / Global trade problems and so on ...

Before 2001 life was normal ...does how are older remember ... now they are not even hidding it / no longer in the shadows what they are trying to do ...

Is it just to take peoples freedom for the "greater good" ? Will people allow their freedom to be taken ?

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Here is a example of problem with banks : I have another girlfriend or a secret kid from another women that i am sending money to each month to support ... now some banks started to ask questions what are you doing with your money ... ? Why are you sending to x,y,z ...We each have our own problems in life...Questions banks started to ask are to personal.

Topic: Banks will die crypto will take over in 5-10 years - page 13. (Read 1262 times)