pull down to refresh

58 sats \ 1 reply \ @softglitter2d OP 12 Dec \ parent \ on: What bitcoin can't do (and can do) bitcoin_beginners
Wow. Nice views. To strenght the debate...
I think its clear that bitcoin was designed to replace fiat money which is created and controlled by the banking systems of the world. (...) But IMO banks are the biggest evil in the world. Central banks are a different story. Far to much power is centralized in these institutions and bitcoin I hope will destroy that system
Agreed. Institutions around bitcoin is inevitable at least for the next 10 years of development. I think this prevails because banks are in the business of looking profit working with currencies...so, in the end, banks are going to do what they always does, well...at least what they were doing it for the last 500 years: follow the money.
Do I think banks have lost their moral compass? Yes sir, I think banks today are not here to help mankind and accelerate transactions or onboard people. Banks are ethic and morally broken1 but that doesn't mean they lost their capacity to transform themselves.

Footnotes

  1. I wrote about the BIS (central bank of all central banks) and their relationship with genocide. See for #561669 more ↩
write
preview
21 sats \ 0 replies \ @kepford 12 Dec
I don't think we disagree. I think banks will adapt or die is my point. But central banks are not the same. I believe many will be destroyed if not all.
reply