All BTC users are very,very small part from all bank system users 
Gotta start somewhere. There were only a handful of people that were using the Google search engine when it was first unveiled.
nothing has start in exploding
Topic: Can current financial systems really compete with BTC (Read 900 times)
Gotta start somewhere. There were only a handful of people that were using the Google search engine when it was first unveiled.
nothing has start in exploding
In the long run, something like Bitcoin will probably replace our current financial system. And I say "something like Bitcoin" because Bitcoin in its current form is useful but not invulnerable to being replaced by something that is better suited for futuristic commerce. However, we should count on the current financial system to put up a fight. It's not going to curl up and die just because we say so.
All BTC users are very,very small part from all bank system users
Gotta start somewhere. There were only a handful of people that were using the Google search engine when it was first unveiled.
Current financial systems can compete with BTC system of course, BTC network is nothing if compare with banks, VISA or Mastercard network. All BTC users are very,very small part from all bank system users
I think both systems have shortcomings, like the confirmations take time for bitcoins.
Both would be required, and would be hard to eliminate of them completely.
Both would be required, and would be hard to eliminate of them completely.
Quote
However, with the new payments platform not scheduled to be operating for nearly three years, the new digital kids on the block have more time to chip away at the big boys.
Plenty of time for developing more Bitcoin infrastructure.
not to mention the limitless abilities of bitcoin.
for instance:
this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed
*rough value of current bitcoins in circulation
for instance:
this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed
*rough value of current bitcoins in circulation
that is a great analogy
one picture compared to buildings full of financial data
the information storage is limitless beyond the scope of current financial systems to compete
not to mention the limitless abilities of bitcoin.
for instance:
this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed
*rough value of current bitcoins in circulation
for instance:
this picture holds enough information to securely store $4,725,000,000* without a bank, third party or expensive security being needed
*rough value of current bitcoins in circulation
Probably discussed elsewhere but here goes
http://www.abc.net.au/news/2014-12-03/billion-dollar-plan-to-make-electronic-payments-instant/5936980
Idiots it is not just about instant transactions
fiat value is based on the petrodollar and interest rates
shares and stocks are hard to obtain due to everybody wanting their bit of the pie
a block chain providing a far easier affordable financial economy and currency will wipe these draconian systems away or can they compete?
http://www.abc.net.au/news/2014-12-03/billion-dollar-plan-to-make-electronic-payments-instant/5936980
Idiots it is not just about instant transactions
fiat value is based on the petrodollar and interest rates
shares and stocks are hard to obtain due to everybody wanting their bit of the pie
a block chain providing a far easier affordable financial economy and currency will wipe these draconian systems away or can they compete?
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