"Banks! That's all we've known as "the only option". Ask someone how you can send money to someone and the response will be "use the bank!".
I actually disagree with this, at least among millenials this definitely isn't the main way people send money anymore.
If you ask people how they send money these days, it's through payment processor apps like Venmo, Paypal, Square etc. The bank is only used by professionals and businesses.
That said, I also don't agree that BTC is necessarily better than the bank either, at least not in its current iteration. The publicly available blockchain is far too intrusive for my liking, we need some way of obfuscating this data.
Once that's added, BTC stomps banks.
Topic: Bitcoin is better than your bank! - page 10. (Read 1199 times)
Well, Bitcoin gives us more freedom than traditional fiat currencies and using it we are not depending on banks.
However, we still can't rely only on Bitcoin. People still earn their money in traditional currencies and Bitcoin isn't fully accepted, regulated or introduced formaly into our societies, economy and financial systems.
Like you've said many people still don't know much about Bitcoin, don't trust it, don't have access to it or simply not interested to use it.
I don't think that is going to change any time soon and majo of people will remain dependent on fiat currencies and banks, that is the fact.
However, we still can't rely only on Bitcoin. People still earn their money in traditional currencies and Bitcoin isn't fully accepted, regulated or introduced formaly into our societies, economy and financial systems.
Like you've said many people still don't know much about Bitcoin, don't trust it, don't have access to it or simply not interested to use it.
I don't think that is going to change any time soon and majo of people will remain dependent on fiat currencies and banks, that is the fact.
It is not that many people don't want to use bitcoin but we should understand and realize change is always faced with challenges and resistance until a certain time where it gets adopted or accepted but one big challenge that it could face with bank is the internet connection to transaction which many people don't have too. Bitcoin is decentralized which means an individual should be responsible for their business but the internet would defeat this where people can't access it without a third party.
Many people are just ignorant about bitcoin and I believe that writing an article (as a writer I am) is worth it for bitcoin. Therefore, I decided to write this article to help elaborate (https://link.medium.com/X934BlPLW3).
Please endeavour to READ! and share it too.
Tho some people just don't want to use bitcoin because of its volatile/unpredictable nature, there are also others who don't even know what we are talking of.
I keep telling us that little things matters a lot. Sharing this article would help get to someone out there who hasn't heard about bitcoin and needs to know about it. Also, don't forget to use your skills to promote bitcoin.
Please endeavour to READ! and share it too.
Tho some people just don't want to use bitcoin because of its volatile/unpredictable nature, there are also others who don't even know what we are talking of.
I keep telling us that little things matters a lot. Sharing this article would help get to someone out there who hasn't heard about bitcoin and needs to know about it. Also, don't forget to use your skills to promote bitcoin.
Jump to: