Banks are Now the Equivalent of the Landline Phone!
Crypto Currency is Here to Stay.
When Satoshi Nakamoto brought us Bitcoin it was an earthquake that cracked the foundation of the banking system. The world barely noticed what happened but that crack has spread. Bitcoin and Crypto Currencies are moving forward with or without you. The banking system is helpless and has to simply watch from the sidelines. They thought they could deal a blow to Bitcoin by denying the Bitcoin ETF but they did not count on the fact that many in our industry did not want it!
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It Frustrates Me When People Ask Permission!
Stop asking the old world to accept what we use for our money. Would you go to a Farrier (a person who shoes horses) in order to fix the transmission on your car? No, you wouldn't so why ask permission from stodgy bankers for approval? Crypto Currency is going to put banks to pasture just like cars put horses to pasture.
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Well said title! Kudos
Landline phone I think is the more secure and stable form of communication so far.. correct me if I am wrong...
Banks has nothing to do with stability or doing what they intended to do.
But human trust on unstable structures make them trends.
Looks like banks get hold of block chain technology.
They may have the tech but they will use it to try to keep the sheep under control while Crypto Currencies like Bitcoin, Steem, Dash and Monero Free us.
I expect them keep up with the new technologies and implementations, to try to be "just good enough" so that most people don't want to abandon them.
But as long as there is demand for better solutions, we can only go one way.
to be fair I dislike the pow for bitcoin it wastes a lot of resources
It is just the beginning. Bitcoin is the equivalent of the Ford Model T. Plenty of new more efficient Crypto Currencies will come along.
they have but by the nature of capitalism the inefficient bitcoin is still around
So are gasoline cars, gold, paper and humans.
exactly.......we should fix that
Make the first move.
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Awesome metaphor! And Spot on!
I get into arguments all the time with people when I mention,
"Banks are Dead."
I need to pick different people to say this to.
Now I will just tell them,
"Banks are just a land line telephone."
This should make the point better.
Thanks for the share!
I haven't had a landline phone in years (and I'm an old fart)!
I just recently bought into bitcoin and ethereum. I made more than enough on ethereum to make up for losses on butcoin. What scares me is "the powers that be". I dont think they are going to stand around and do nothing about cryptocurrencies enchroaching into their realm.