Topic: Without banking bitcoins will be work (Read 615 times)
It is time for a payment revolution to immediately use cryptocurrencies whose full control lies with the holder, this is what scares and tries to stop cryptocurrencies, and if crypto users increase then banks will slowly decrease.
Human habit is to seek better, more valuable things. it's correct? we prefer bitcoin because it's better than banks printing money, i'm sure assuming no bitcoin the bank will still be the user's choice as they don't have a better choice. Lol, but conversely, banks are not good choice from government tool but they are not interested in better stuff either.
But the thing here now is Bitcoin is getting nearer to the people around the world as it is more profitable and secure , so Why would people stay in banks when there are another options .Bitcoin is spreading fast now in our life , we also have heard how helpful this is when the Pandemic dominates the world so indeed there are so much interest in crypto and losing their trust in banking.
when will be the best timing and that is when we need to buy or sell .
decentralised banking makes sense. bitcoin is a fucking disaster. fuck bitcoin , humans need stable value decentralised banking with direct borrow lend and private key quantum proof encryption.
bitcoin is a massive failure but cryptocurrency is the way forward. bitcoin is dogshit federal reserved controlled kike scum scam. no bank wants to deall with 500000 customer complaints every week cause bitcoin was crashed and used to rob people for the ten thousandth time. look at this forum its all niggers and kikes promoting btc gambling sites. its like bitcoin was made to rob you.
crypto assets are the way. there is no blockchain made by white people yet. surely only jew approved blockchains are ever promoted in the press. clear out the jews make an honest stable blackchain with borrow lend and we dont need banks. bitcoin isnt the answer, its a piece of shit scam, but crypto is good
bitcoin is a massive failure but cryptocurrency is the way forward. bitcoin is dogshit federal reserved controlled kike scum scam. no bank wants to deall with 500000 customer complaints every week cause bitcoin was crashed and used to rob people for the ten thousandth time. look at this forum its all niggers and kikes promoting btc gambling sites. its like bitcoin was made to rob you.
crypto assets are the way. there is no blockchain made by white people yet. surely only jew approved blockchains are ever promoted in the press. clear out the jews make an honest stable blackchain with borrow lend and we dont need banks. bitcoin isnt the answer, its a piece of shit scam, but crypto is good
Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin. So coming future it possible for changing this process. Kindly any one explain me. I need to know. Kindly support and give your adivoce. Nowadays banking is connected all country people and change the all country's currency.
Bitcoin will only be independent if it will become a legal tender which I don't think it will be declared in the entire world. There are some countries who legalize bitcoin already but they are only few compared to the total. For me, bitcoin will always be related to fiat because when adoption will happen, people will sell and buy bitcoin for fiat as one of the major process.
Banks are getting involved with Bitcoin all because they now recognized it as a good asset along with gold, stocks and other investment vehicles and of course they can smell profits even from afar. We should be happy that banks are coming all because this is making Bitcoin more legitimate in the eyes of the many who may have heard bad things on cryptocurrency as just another scam. Of course, with the coming of banks, the flow of money is a lot more convenient and we know that exchanges especially the centralized ones love to get connected with banks. Personally, am seeing nothing really negative with banks' involvement but then it does not mean that we can't choose not to deal with them...because there are many ways of doing that.
Banks were the primary financial management service providers. Also these banks function under the government control. When we talk about bitcoin getting added as the payment gateway along with banks being the primary payment source. Increase in the direct acceptance of bitcoin will eliminate banks, but the same won't take banks away from its usage.
in my opinion, this will exactly work.
but there are some notes
1. Bitcoin have been accepred as a currency for payment in most countries around the world and have been common using BTC for payment
2. Bitcoin as legal tender
3. most people know and acceot Bitcoin
but if the wolrd is not ready, it is difficult because mostly we are still using fiat for daily transaction and because of regulation relates to crypto from each country. and wr cannot replace bank or fiat with Bitcoin because it is too complicated.
but there are some notes
1. Bitcoin have been accepred as a currency for payment in most countries around the world and have been common using BTC for payment
2. Bitcoin as legal tender
3. most people know and acceot Bitcoin
but if the wolrd is not ready, it is difficult because mostly we are still using fiat for daily transaction and because of regulation relates to crypto from each country. and wr cannot replace bank or fiat with Bitcoin because it is too complicated.
Human habit is to seek better, more valuable things. it's correct? we prefer bitcoin because it's better than banks printing money, i'm sure assuming no bitcoin the bank will still be the user's choice as they don't have a better choice. Lol, but conversely, banks are not good choice from government tool but they are not interested in better stuff either.
But, isn't bitcoin and banks not the same so why we always compare them? Bitcoin is not a bank but it's a currency but bank is the platform where we store our money. Banks are also responsible for fiat creations. Your first sentence is true but only applies to most of the population but for the fewer ones, they are already contented on what they have.Some prefer bitcoins not to the fact that it's more valuable than fiat or a bank but bitcoin offers something different and we can always use a btc even without banks. Only the fiats are the ones that won't work if there will be no banks. If there will be no bitcoins, there are still other digital currencies out there that people can use.
Human habit is to seek better, more valuable things. it's correct? we prefer bitcoin because it's better than banks printing money, i'm sure assuming no bitcoin the bank will still be the user's choice as they don't have a better choice. Lol, but conversely, banks are not good choice from government tool but they are not interested in better stuff either.
Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin. So coming future it possible for changing this process. Kindly any one explain me. I need to know. Kindly support and give your adivoce. Nowadays banking is connected all country people and change the all country's currency.
When a new system is being put in place, it doesn't eliminate the old one with a swipe. This is no furniture or something that you just pock and replace. It's a system that needs adapting and acquainting to. Now that can't be any sudden because, the world is not prepared for it and as such, it would continue to work with the existing systems to gain a foothold.I admire decentralisation ahead of centralisation but, for decentralisation to be better, we ought to have an atom of centralisation to run our comparison and to provide the most comfort for those that won't blend in with the new system. The future is definitely a crypto future but not without traditional monetary systems in operation.
this is just my thoughts, we understand the value of Bitcoin as long as its compared to something which is fiat.
or how else would we comprehend the value of BTC?
It is not bad that you understand that Bitcoin represents money, you can easily compare it with fiat money, with such it is to assign a value, but value is different from price, if we take into account that gold also represents money, just like gold. oil, precious stones, among other things, bitcoin can be seen in the same way with the exception that Bitcoin can rise in value in an impressive way, gold and other precious stones can also rise in price at any time but not as much intensity like Bitcoin does, so it's not a bad thing that you can buy it with money, because it also represents money.
Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin. So coming future it possible for changing this process. Kindly any one explain me. I need to know. Kindly support and give your adivoce. Nowadays banking is connected all country people and change the all country's currency.
IMO, I think in the current settings where the centralized banking services are the dominant financial services giants I believe that Bitcoin won't work without any bank, because fiat was directly deposited in the banks so if the current setup was not changed, Bitcoin will remain dependent on the bank's services as a third-party facilitator between customers and the exchange platform itself, especially in the country that cryptocurrencies are regulated by the centralized authorities such as the central bank, Anyway P2P services is another option but I think the P2P services are just very limited in terms of capacity to absorb large trading volumes.
I don't think there will be any of these in the near future. But, given the changes in the world in the near future, we will not rush to conclusions.
Provided Bitcoin continues to be paired with stable coins to ascertain its monetary value, there will always be a bank somewhere for it. Frankly speaking, as I've continued to maintain that Bitcoin must live alongside fiat to survive and the banks should also be there too. Come to think of it, there are countries with serious electricity and internet issues. So, how will those countries embrace Bitcoin in totality and completely jettison fiat as we know that Bitcoin is virtually dead without the internet.
You can always use P2P exchanges and thus there is no need for banks to be involved .
This method you are generally exchanging with another person.
You merely described an exchange of Bitcoin for another coin. What OP asked was the viability of spending Bitcoin as with the way we spend fiat/paper currency without recourse to the bank. This method you are generally exchanging with another person.
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Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin.
I disagree with you, people can still change bitcoin even if there were no banks available.
Think of it this way, if there were no banks available, which means there wouldn't be fiat money available too, if this is the case, then there must be a form through which people can buy and sell/exchange goods and services, people can still buy, sell/exchange their bitcoin through that form or medium as long as there's internet available.
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So coming future it possible for changing this process.
Yes, times are changing, and the future is already here, many businesses around the world are now accepting bitcoin and many other cryptocurrencies as a form of payment for their goods and services, and as time goes on, many other businesses will join, until bitcoin and cryptocurrency payments become a dominant form of payment as fiat currently is today. 
It’s possible for the movement.Because the Swift was cancelled on most of the Russia government bank,but still their was no huge economic losses.This only happened with the help of the crypto currency.The government of Russia itself accepted the flow of crypto currency into their country,the time will change the people mindset.It’s also Chang the country move towards technology.
Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin. So coming future it possible for changing this process. Kindly any one explain me. I need to know. Kindly support and give your adivoce. Nowadays banking is connected all country people and change the all country's currency.
Not true. You are forgetting the peer to peer transaction system. Which means, I can do business with any other person without the need of a middleman. We can do business with cash, assets or any other way, so banks are not needed. Sure, they make things easier but they are not needed
Moreover, middlemen platforms are good to keep the market competitive, what means customers have access to cheaper fees when sending, buying or selling bitcoins. If we had only p2p transactions, I guess some people would get skilled really fast on this field and charge expensive fees from customers, as it would be harder to find verified legit people willing to make business.
Op, before online exchanges became popular, I remember how people brought cash, made a BTC transaction on spot, and that's how things happened. Also, there are ATMs which don't technically require banks (right?). And if the banking system is fully out in a sense that fiat is also out, that would be great for Bitcoin because there wouldn't be a need to exchange it for anything other that goods and services directly. And Bitcoin is actually something people can use without banks, just sending money online directly from one wallet to another. That being said, I don't think banks will disappear any time soon if ever at all, so BTC will continue coexisting with them.
Nowadays bitcoin is connected with banking process. If bank not available. People can't change Bitcoin. So coming future it possible for changing this process. Kindly any one explain me. I need to know. Kindly support and give your adivoce. Nowadays banking is connected all country people and change the all country's currency.
It's only becoming connected when someone has sold his bitcoin in fiat and has to deposit the profit into the bank. Other than that, I don't think that there's other connection from what you've said that banking process has ever a connection to bitcoin.So even there's no bank, bitcoin's network is going to continue and the same goes for the bank. That's why there's really no connection for both of them but bitcoin has became the alternative for the banks.
Bitcoin is created as a counter to banks, so bitcoin will never be connected to a bank. Whenever a country has a problem with bank, bitcoin is actually their savior in order to continue receiving money from other countries. What makes you think that banks can change bitcoin? but even if there are banks or say that there is a connection between the two, bitcoin won't be changed anymore. No one controls bitcoin, that is why.
Every country has its own banks and banks is where the local money came from, they have the right to change it but that's only it, they don't have the ability to change bitcoin or any other digital currencies.
Every country has its own banks and banks is where the local money came from, they have the right to change it but that's only it, they don't have the ability to change bitcoin or any other digital currencies.
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