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Condor · 5w
Of course financial institution hate the idea of losing control. I bet Bitcoin will not totally replace traditional finance but will be limited to the thinking part of the population. Those who like f...
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You're underestimating the power of cryptocurrencies, not just Bitcoin, but also ETH, Sol… Cryptocurrencies possess all the advantages of traditional finance while compensating for its disadvantages. Of course, some may worry that the elderly or those with intellectual disabilities won't be able to use cryptocurrencies. However, there will be cryptocurrency cards for their daily use. And every transaction is verified on the blockchain, making everyday buying and selling of goods perfectly feasible.
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Condor · 5w
Yes but that process will be handled again by legacy financial institutions. The real freedom comes from the ability to hold coins in a anonymous way while being able to exchange on markets of other anonymous users. That is not something that the average Joe can easily do. At least in the short term...