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/biz/ - Business & Finance

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2744393 No.2744393 [Reply] [Original]

ok /biz/, so if or when bitcoin become adopted/mainstreamed as the global currency, would the fact that it is "decentralised" wipe out the whole banking sector? (mainly just the banks)

And if so, what would happen to all the services that the banks provided e.g. loans, interest, superannuation?

Would they cease to exist or would they just be replaced with bitcoin/altcoin versions?

>> No.2744405

economic and societal collapse will destroy states and the bank cartel

in some years

>> No.2744876

good point, bump

>> No.2745015

>>2744393
banks will never go away completely. this is why banks are adopting this shit now.

>> No.2745049

>>2744393
No. Even if btc goes mainstream people will always want more money for things. Banks earn from that...loans. banks careless about crypto in regards to coins for use. They want the blockchain only for data because it eliminates lots of potential fraud/accidents when data is moved.

>> No.2745143

>>2744393
Banks exist to rehypothecate liabilities into assets, and extract fees.

The people are the credit of the nation, and have been turned over as assets to the bank to secure debt.

When the people become their own banks, who will be the debt slaves? Who will inflate value away to the top of the pyramid?

>> No.2745167

>>2744393
>bitcoin is going to be used as a currency
>stores drop bitcoin after no one shows up to spend it

If its not main use is being a currency now, why would it be adopted as a global currency in the future?