Posted on 03/26/2021 7:34:50 AM PDT by aMorePerfectUnion
half the world does not have banks accounts.
This is why crypto, direct via mobile phones, is spreading so fast in these countries.
The half of the world that don’t have bank accounts will never get involved in crypto either. They don’t have mobiles, they don’t have $#%^. Meanwhile my statement holds as true. The other half of the world WILL STILL have bank accounts. WILL STILL take out loans. WILL STILL do EVERYTHING that’s why banks exists. Banks didn’t spring up out of whole cloth, banks happened because how humans use money needed banks. Coin money, paper money, EFT money. Doesn’t matter. Crypto will not change that.
“ The half of the world that don’t have bank accounts will never get involved in crypto either.
Too late.
They already are.
No they aren’t. And you’re studiously avoiding my point. Which tells me a lot.
Actually they are. I considered finding you an article, then I realized if you wanted to know, you'd google it yourself.
And you’re studiously avoiding my point. Which tells me a lot.
It should tell you that I have no idea what your "point" is.
I responded to your clear and specific statement.
Best.
The point is very clear. You’re just avoiding it. Banks aren’t going away if we switch to crypto. Even if you’re dubious claim that the half of the world that has no freaking money to put in banks are using crypto for their zero money is correct. There’s still the other 3.5 billion people that use banks for reasons that don’t go away if money becomes crypto. So any claim that banks will go away is simply wrong.
I’ve never said banks will disappear.
You are arguing with yourself.
I said that to those complaining about bitcoin using energy, they should compare it to the energy usage of banks.
You said this:
We might add that Bitcoin replaces the vast hoard of banking employees with technology too
That’s simply not true. The banks will still exist, which means the banking employees will still exist. Your statement was patently false.
I think what we have here is a failure to communicate.
If this topic interests you, please trace it from the beginning of the thread so you get the context of what I wrote.
If you don't have that level of interest, accept my statement that I do not expect crypto to replace the banking industry - ever.
I expect it to continue to make inroads into banking and retail and finance.
What we have here is that you’re wrong and you’re not willing to admit it.
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