Well modernizing the current banking system is not the POINT of crypto. I prefer a SLOWWW one and decentralized instead of a fast one and centralized....
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Well modernizing the current banking system is not the POINT of crypto. I prefer a SLOWWW one and decentralized instead of a fast one and centralized....
As big as the banks are I dont think they are going anywhere and this is why Ripple is so valuable. Banks will give in to crypto, now they are going to do it when its too late and have lost tons of customers. Banks will have parts of their businesses be decentralized but just not completely. The transferring of funds in just second to minutes vs days to weeks should be enough to turn them on to crypto.
Well the point would be to make banks useless. I mean, what would be their purpose in a decentralized world when they are the very definition of centralization....
I agree with you. I just don't think we can get rid of banks 100%. If it did happen it would take decades upon decades. Banks are like mosquitos they are always around and biting us in the ass.lol. We need more crypto projects focused on mortgages, loans ( we have some already but not bitcconect, lol), and non hackable store of value so that our paychecks can get direct deposited onto them without worrying about our money being stolen. Then I believe we would be on our way to full decentralization. I know alot of hard work is being done by these engineers and scientists who are working towards that. All we can do is wait.