Bitcoin is more like the Future and banks can be said as Now/Present while digging holes to save coins and older methods of savings are the past.
So you can see that each of them has their time. Everything in life is revolved around time, so don't compare banks and Bitcoin, bitcoin is here for its own purpose and banks too. Banks don't close during the week end, workers only rest during the week end. Some banks are using robots now 24/7 response are giving.
Bitcoin transactions need internet connections, so do banks too. OP almost everyone in this forum is enlightened about Bitcoin and will always stick to Bitcoin except people with less knowledge about it.
Thanks for you advise too.
Topic: 😉; It's The Weekend,Banks Are Closed, Bitcoin Is Up 24/7hrs - page 2. (Read 267 times)
It's a good sunday evening to remind lots of people who must have lots of trust in the government and the banks. They are all in for the control and power forcefully placed to deny those who aren't self aware of the freedom they should hey whenever they utilize bitcoin.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
Bitcoin's uptime is 99.99% if I'm not mistaken, so yeah it is open 24x7 as compare to the banks. Hence, the term BYOB
But yeah, banks are going to stay here, no matter what, it won't be obsolete. It's one of the pillars of a good government. Nevertheless, at least we have a good alternative now in BTC, we have total control of it. Unlike if our money is in the bank, it will take some time before we can withdraw it and not anytime, it's close in weekends and even if we use ATM it has limitations on how much we can withdraw.
Bitcoin is active 24/7.
Banks are active 24/7.
ATMs are active 24/7.
Mobile banks are active 24/7.
The Internet is active 24/7.
The banking halls are the ones that are usually closed at the end of the day, and they don't actually open during the weekends, but that does not mean that they are closed; closed means that during this period nothing is actually working, their offices are closed but their systems are still functioning, and with an internet connection you can do whatever you want from your mobile and computer devices.
Bitcoin doesn't have an office anywhere, so how can it close?
All that's needed is an internet connection, and you are set to go.
We shouldn't compare Bitcoin working hours with those of banking sectors. Banking halls are been operated by humans, who are there to record and do all sorts of banking duties. Humans need rest at the end of the day and week, so they actually need those breaks.
There is no physical manpower required for Bitcoin to be operational; everything is already set up.
I will say it is unwise to compare Bitcoin and the banking system. They are both in two different worlds.
Banks are active 24/7.
ATMs are active 24/7.
Mobile banks are active 24/7.
The Internet is active 24/7.
The banking halls are the ones that are usually closed at the end of the day, and they don't actually open during the weekends, but that does not mean that they are closed; closed means that during this period nothing is actually working, their offices are closed but their systems are still functioning, and with an internet connection you can do whatever you want from your mobile and computer devices.
Bitcoin doesn't have an office anywhere, so how can it close?
All that's needed is an internet connection, and you are set to go.
We shouldn't compare Bitcoin working hours with those of banking sectors. Banking halls are been operated by humans, who are there to record and do all sorts of banking duties. Humans need rest at the end of the day and week, so they actually need those breaks.
There is no physical manpower required for Bitcoin to be operational; everything is already set up.
I will say it is unwise to compare Bitcoin and the banking system. They are both in two different worlds.
Bicoin is always active 24/7 and the blockchain never stops working and continues to validate transactions. Banks might be closed physically since we're in weekend but their services don't stop, you can still operate and access your money for transactions through mobile applications and it will be validated immediately.
Bitcoin is active 24/7 but not everyone can use it 24/7 for transaction just like the fiat currency. The government strict regulations and total ban on its use makes it difficult to be used at any time. We'll keep clamoring for his total acceptance globally, when that happens we can confidently state that bitcoin is active and accessible for transaction 24/7.
Bitcoin is active 24/7 but not everyone can use it 24/7 for transaction just like the fiat currency. The government strict regulations and total ban on its use makes it difficult to be used at any time. We'll keep clamoring for his total acceptance globally, when that happens we can confidently state that bitcoin is active and accessible for transaction 24/7.
It's a good sunday evening to remind lots of people who must have lots of trust in the government and the banks. They are all in for the control and power forcefully placed to deny those who aren't self aware of the freedom they should hey whenever they utilize bitcoin.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
Bitcoin transactions are public and is only freedom from the government when you sever every link of your bitcoin transactions to your identity, that means no kyc, no use of centralized exchanges to buy or hodl bitcoins. Bitcoin serves its purpose best when users make the effort to protect their privacy, the government are doing everything they can to regulate bitcoin and centralized exchanges are the chink in crypto users armor. If you still have your bitcoins in CEXs, you’re not in control of your money. Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
It's not a significant adaptation that Bitcoin operates continuously, even during extended holidays, without ever closing. However, this alone does not contribute significantly to the adoption of Bitcoin because it cannot be directly used in many places where it is needed. To enhance the adoption of Bitcoin, we require more direct integration, such as accepting Bitcoin globally in supermarkets, allowing people to utilize their Bitcoin for their necessities. Unless Bitcoin can be used directly wherever required, whether on weekends or weekdays, it will not make any difference.
Bitcoin is always up 24/7 and it'll always be up, so comparing it to traditional banking systems isn't a fair thing. I know that banks are closed in most countries this weekend, but that doesn't mean their digital apps aren't working, they can use those to transfer funds easily.
I agree that Bitcoin is at another level and those banks or central authorities can not control it. In fact in such times use of Bitcoin will increase, but not so much because bank account holders can still access their funds by using those digital wallets.
It's true that the decentralized nature of Bitcoin is at another level, and its use is simple and secure, but like other financial systems it's also prone to social engineering. Those who aren't well aware of the blockchain and Bitcoin in general, and they start using it without gaining proper knowledge about it, can still lose their money. And, nobody can recover the lost money for those newbies. It's a must to have proper knowledge about Bitcoin before using it.
I agree that Bitcoin is at another level and those banks or central authorities can not control it. In fact in such times use of Bitcoin will increase, but not so much because bank account holders can still access their funds by using those digital wallets.
It's true that the decentralized nature of Bitcoin is at another level, and its use is simple and secure, but like other financial systems it's also prone to social engineering. Those who aren't well aware of the blockchain and Bitcoin in general, and they start using it without gaining proper knowledge about it, can still lose their money. And, nobody can recover the lost money for those newbies. It's a must to have proper knowledge about Bitcoin before using it.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
comparing Bitcoin with fiat or giving any priority to each one over other is not looking good and i saw many reply from senior member and avoid comparing both. Bitcoin is so useful and now it's very difficult to imagine world without btc but we cannot used is mean of payment for our daily buy sell cost. fiat is very easy to use it for daily transaction purpose and everybody can use it easily without internet connection. There are more reason which related to economics subject, we cannot deny fiat importance
It's a good sunday evening to remind lots of people who must have lots of trust in the government and the banks. They are all in for the control and power forcefully placed to deny those who aren't self aware of the freedom they should hey whenever they utilize bitcoin.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.
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