Whaleshares Logo

Bank are primitive, use bitcoin!

teamPosted for Everyone to comment on, 5 years ago2 min read

Waiting in line or waiting for your turn holding a token, sound of cash machine, filling multiple forms, confusion in signature, check books and a lot of things which makes bank look like a place in 1980's. In this era when we don't need banks at all, they are the most powerful governing body and people still get confused why we need bitcoin.

If we have a system with which we can control our own funds, is equally good as store of value, self regulated and don't need huge huge amount of money to be controlled then why are we even sticking to old lame banking and old lame paper money.

But wait, bitcoin is too volatile. I don't want to take money to buy a pizza and until I reach the shop I can only buy half of pizza. It can't work like money.

When we are talking about future, we are talking about the world where we don't need to convert bitcoin to fiat before spending it, that means the price of pizza will be fixed at let's say 0.001 bitcoin. We are talking about world where the main method of payment is bitcoin. That means there are total of 17 million bitcoin and people around the world will get fraction of it when exchanged with their value.

So, we won't compare it will USD while buying things. We can even think it in opposite way right now if we compare USD taking bitcoin as constant, USD is volatile, lol.
Image source

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!