but from all these pictures can Bitcoin go against the Bank?
Actually Bitcoin will remain at the forefront, but it's just a little difficult for Bitcoin to fight because banks are driven in a system under government, but predictions for the future are likely to be superior to Banks.
Topic: Bitcoin versus Banks - page 2. (Read 936 times)
bitcoin and bank (conventional or fiat money) both have similarities and both can be used as a means of payment, but the inherent value between crypto (bitcoin) and banks (conventional money) is very different, the most prominent difference is issuance and decentralized operations with blockchain technology while bank (conventional money) is centralized.
This picture really explain it very well, with time Cryptocurrency will unseat our traditional backing system, that the reason most Banking institution I'm not happy with the cryptocurrency emergence.
There is alot of mixup in your writeup. I noticed you are a newbie, it would be fine if you can locate this thread again and read.
Firstly, cryptocurrency is a general name for all the coins, so when you say cryptocurrency, you are not being specific. In this thread, there is a nice degree of specifity and what we discuss here is bitcoin.
If there is anyone to fight bitcoin, it is the government and not banks. Banks are like exchanges, they don't have the power to fight bitcoin.
Finally, for bitcoin to unseat our traditional banking system, that is neither the goal nor objective of bitcoin. Bitcoin is an alternative to fiat. Which means it is giving you the liberty and right to choice.
but from all these pictures can Bitcoin go against the Bank?
Actually Bitcoin will remain at the forefront, but it's just a little difficult for Bitcoin to fight because banks are driven in a system under government, but predictions for the future are likely to be superior to Banks. 
If there is anyone to fight bitcoin, it is the government and not banks. Banks are like exchanges, they don't have the power to fight bitcoin.
What if the bank's terms and services prohibit users from connecting with cryptocurrencies, For example every bank user whose account is connected to buy crypto and receive profits from crypto trading and investment is blocked, I have never heard of it happening, but anyway it is one of the bank's strengths to fight bitcoin or crypto.Finally, for bitcoin to unseat our traditional banking system, that is neither the goal nor objective of bitcoin. Bitcoin is an alternative to fiat. Which means it is giving you the liberty and right to choice.
Bitcoin is not a competitor to the fiat system, it is not its main goal. But bitcoin is a different alternative to a fully centralized fiat payment system. It's true that everyone has the right to choose what they like regardless of fiat, altcoin or bitcoin. The positive thing we have is that we have alternative options instead of just fiat. 
This picture really explain it very well, with time Cryptocurrency will unseat our traditional backing system, that the reason most Banking institution I'm not happy with the cryptocurrency emergence.
There is alot of mixup in your writeup. I noticed you are a newbie, it would be fine if you can locate this thread again and read.
Firstly, cryptocurrency is a general name for all the coins, so when you say cryptocurrency, you are not being specific. In this thread, there is a nice degree of specifity and what we discuss here is bitcoin.
If there is anyone to fight bitcoin, it is the government and not banks. Banks are like exchanges, they don't have the power to fight bitcoin.
Finally, for bitcoin to unseat our traditional banking system, that is neither the goal nor objective of bitcoin. Bitcoin is an alternative to fiat. Which means it is giving you the liberty and right to choice.
but from all these pictures can Bitcoin go against the Bank? actually for now Bitcoin has not been able to fight back, government controlled banks and people who have been sitting with paper money for a long time, need time to fight them, they are trying to stop Bitcoin from continuing to grow,
it takes a long time for Bitcoin to align with the Bank.
it takes a long time for Bitcoin to align with the Bank.
bitcoin meme bitcoin hodl in wallet and bitcoin with CEX
https://twitter.com/bestbitcoinmeme/status/1566503474405249033?t=NZHq0PQR0CVvmvEB53QQLg&s=19
When you take a look at the above meme very well, you will discover that difference between the two images, the first one been the real one while the second just a cartoon play and this enough gives more clearer explanation about our asset in a decentralized exchange which is your real form of asset that is yours because of the keys in your disposal, while the ones on centralized exchanges were just synonymous to having them with banks, they got nothing to offer than a zombie mode restriction on your asset with them, banks and centralized exchanges were like brothers of thesame family related in blood but having different physical look.
https://twitter.com/bestbitcoinmeme/status/1566503474405249033?t=NZHq0PQR0CVvmvEB53QQLg&s=19
When you take a look at the above meme very well, you will discover that difference between the two images, the first one been the real one while the second just a cartoon play and this enough gives more clearer explanation about our asset in a decentralized exchange which is your real form of asset that is yours because of the keys in your disposal, while the ones on centralized exchanges were just synonymous to having them with banks, they got nothing to offer than a zombie mode restriction on your asset with them, banks and centralized exchanges were like brothers of thesame family related in blood but having different physical look.
I only know something, banks will never be able to overcome the power of Bitcoin, no matter how much they want to be the best, banks will always have their limitations, such as requiring permissions from people to withdraw their money, with bitcoin it is not like that, banks Transactions are very slow when going to other countries, with bitcoin this is reduced to a short time based on the fee that the person wants to pay, the more fees the faster it will arrive.
People are waking up from the mirage that bankers and government systems have, wars have raised many consciences just like the pandemic, they have realized that bitcoin is their best option.
People are waking up from the mirage that bankers and government systems have, wars have raised many consciences just like the pandemic, they have realized that bitcoin is their best option.
Impressed amd satisfied by all the replies here but i would like to add something i have already Posted in WO still its a relevant topic i would like to add this one here as well so check out what European Central Bank Spokesperson says listen and enjoy her words about money and inflation that how Banks are interested in stoping inflation. Well said.
One important point is too many banks here but we cant open an account due to their requirements and our maximum locals are unbanked about BTC use and feel easy to any Transection
https://twitter.com/knutsvanholm/status/1566597870668713985?t=jGCdz-Xaf72zNcp9wMrvQQ&s=19
One important point is too many banks here but we cant open an account due to their requirements and our maximum locals are unbanked about BTC use and feel easy to any Transection
https://twitter.com/knutsvanholm/status/1566597870668713985?t=jGCdz-Xaf72zNcp9wMrvQQ&s=19
Currently and nowadays, it`s safer to invest with a bank. But you have more freedom if you do invest in crypto
Today's role of financial intermediaries is try to comply with the regulations and also make everything as safe as possible. Bitcoin is required to comply with KYC's anti money laundering principles . There is some form of regulation already going on with crypto exchanges. Even though there is a high level of security on Bitcoin itself since it's in the block chain, a lot of these other protocols have succumbed to a lot of different hacks, attacks, breaches which makes people's trust in crypto not really kept at that high of a standard.
Sometimes, one of the risks of regulated banks is making less money than you could in crypto . That could be seen as a risk, an opportunity could be seen in the crypto market. Banks should do and what they are doing is invest in technology into the future, which is why I believe block chains will have a large role in technology in the future in the banking sector. The top 100 banks have invested in crypto companies . Around 23 of them have made at least one investment in crop block chain or crypto.
Today's role of financial intermediaries is try to comply with the regulations and also make everything as safe as possible. Bitcoin is required to comply with KYC's anti money laundering principles . There is some form of regulation already going on with crypto exchanges. Even though there is a high level of security on Bitcoin itself since it's in the block chain, a lot of these other protocols have succumbed to a lot of different hacks, attacks, breaches which makes people's trust in crypto not really kept at that high of a standard.
Sometimes, one of the risks of regulated banks is making less money than you could in crypto . That could be seen as a risk, an opportunity could be seen in the crypto market. Banks should do and what they are doing is invest in technology into the future, which is why I believe block chains will have a large role in technology in the future in the banking sector. The top 100 banks have invested in crypto companies . Around 23 of them have made at least one investment in crop block chain or crypto.
Although the movement of Bitcoin is considered to have high volatility, but Bitcoin can be a very promising future investment instrument.
There are not many countries that legally legalize Bitcoin, but people are currently trying to compete to get it and make Bitcoin more famous like a dollar.
This makes the monetary authority, namely the bank in a country increasingly threatened due to the prestige of digital currencies such as Bitcoin which is increasingly exploding, so that inevitably the central bank must be active and join the 'flow' of currency trends and launch their digital currency.
There are not many countries that legally legalize Bitcoin, but people are currently trying to compete to get it and make Bitcoin more famous like a dollar.
This makes the monetary authority, namely the bank in a country increasingly threatened due to the prestige of digital currencies such as Bitcoin which is increasingly exploding, so that inevitably the central bank must be active and join the 'flow' of currency trends and launch their digital currency.
We don't want anyone to control us, so the bank is centralized and bitcoin is decentralized, so we want to be always anonymous also we want to not disclose our identity to anyone and on bitcoin, we don't need to disclose our identity.
Yes i agree with you
We don't want anyone to control us, so the bank is centralized and bitcoin is decentralized, so we want to be always anonymous also we want to not disclose our identity to anyone and on bitcoin, we don't need to disclose our identity.
Yet, there are people that cannot control their money or wealth, they feel that they are careless or they have other pressing issues to deal with. They prefer to dump their money in the bank and they don't care if it depreciates or not, since they can see it anytime they need it. People that will value this post are people that are ready to try new things or people who are ready to handle their money by themselves and takes responsibility of it even if they have to lose it.
I don't blame the. Uch because before bitcoin came, almost everything around us was centralized, even the bitcoin has been mutilated and some version of it centralized.
Even myself do still store up money on banks yet even though we are dealing with crypto which is totally opposing centralization but cant really be that denied that we are still converting those coins into fiat later on.Am i right?
Use things according into your needs.Make out some research if what are the thing you are intend to do so.
That is one of the characteristics of human. Human will stick to what he knows, what he trusts and what has been working for him. The tendency to introduce new things to an already existing system is one of the reason for conflicts and wars among humans. Even if we got cheated by the system, but provided that we understand how the system is formed we will like to remain in it. Which is a clear description of the adage "The devil you know is better than the Angel you don't know". So, I don't blame most people who are comfortable and doesn't want to hear about Bitcoin.
For your question, I still use fiat for day to day transactions but I don't save in fiat because I already know that it's not worth it. The value of your money goes down when you save in fiat.
BITCOIN IS THE FUTURE
You can already say that Bitcoin is the present. 5 years ago or more, this structure did not exist and was only dreamed of. Normally you can buy everything with Bitcoin, there are only small detours. You can buy airline tickets, buy a house, buy cars and much more with Bitcoin. Forecasts have always seen a rate of 1,000,000 USD for the future over the last few years, crazy and it was probably more advertising. It can be more or less, we will see. The acceptance is a big factor and it is so much bigger, but compared to the world, less like 1% of all people have bitcoin. The future and bitcoin will hopefully play together for a long time and even when we are no longer alive.
This picture really explain it very well, with time Cryptocurrency will unseat our traditional backing system, that the reason most Banking institution I'm not happy with the cryptocurrency emergence.
Unseat? Sorry but do you mean that crypto will take over from the traditional fiat system, i don't feel that can possibly happen, another mistake you are making is with the use of the general term 'crypto', do you know how many cryptos are in the market, there are many of them, and most of them are even worse than fiat. When i talk about crypto, i like to be specific, so here i am talking about bitcoin now, it is an alternative to fiat, it is not fighting with it, or trying to 'unseat' it, it is only a great alternative that people who want to control their money by themselves will use. Most banking institutions do not like bitcoin because they like centralization to decentralization, but not because they are afraid that bitcoin will 'unseat' them. 
Bitcoin (Right) and Banks (Left) works.
This image is a very simple illustration of how Bitcoin and Banks differ from each other, this is showing how Bitcoin and banks work.
If you take a look at how banks work, it is clearly showing that they rely on one centralized entity which for sure it's a centralized database where all the information.
But Bitcoin, it's decentralized, no centralized entity that can become only one source of truth.
What are your thoughts about this?
BITCOIN IS THE FUTURE
Bitcoin is a decentralized financial sector where no body have control over it, while Bank is a centralized finance in banking sector, where it control over a group of person or institute of financial department, that have everyone Data Base for a Trace of funds transaction with the person details. While Bitcoin can only shows wallet transaction history, without names, accept customized wallets. Therefore cryptocurrency has come to play his part as a future financial sector without stress.
What are your thoughts about this?
The picture is simple and shows how strong a chain can be if everyone uses it properly. The chain is only so strong as the weakest part, that i mean exit scams or illegal exchanges. This also exists in the "normal world, look at the financial crisis in america and the big names like JPMorgan Case, Morgan Stanley and many more. Today they still have a lot of trust from people, which I don't understand all. But it's happening in crypto as well. Maybe i say it in Terra... high loss and stillthey bought the Coins. Jump to: