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RE: Bankers Fear They Will Get 'Amazon-ed' In Massive Tech Disruption

in #bitcoin7 years ago

I agree @wdougwatson.

They are going the way of Blockbuster and there is nothing they can do to stop it. The power of decentralization is simply too strong. No entity on the planet is powerful enough to stand up to millions upon millions of people taking their attention elsewhere. This is what is happening around the world with the introduction to blockchain.

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I'm not sure that they will run out of business but certainly it is their time to get hit by the internet.
Some aspects of their business aren't going to change though.
Banks are supposed to get their income in part from lending and crypto doen't change that. What it does change is how money is no longer created from thin air when they do.

yep. it is gonna flip the world as we know it upside down.