Late night thought:
There will never be a time where banks will cease to exist, as many people simply aren’t ready or cannot be their own banks. Banks will simply evolve over time to perform under the satoshi consensus, and accounts will most likely be that of a multisig wallet.
Can multisig be done by one entity?
It could be, many do that now but what if we used it in the future in this scenario so both user and bank needed both keys to move the funds around
But so many are unbanked. Does their adoption of this 🟠 create the wave 🌊 of momentum that washes up much of the more “developed” 🌎?
Probably the other way around as people adopting now are going to see the fastest economic growth. All I’m saying tho is many people can’t handle their own financial due to a number of reasons, and because of this the system will evolve to not only help Bitcoin but these people as well
I would initially agree that “most” can’t. But then again are you underestimating how much 🏃 this 🟠 changes you?
I know I operate a lot different. A few in ways I wouldn’t have imagined years ago.
Perhaps so, but you also have to account for how time can affect the mind
Only time will truly tell how we operate I guess
Paper bitcoin is not likely to go away. As long as people aren’t their own banks (and this will always be the case for some) fractional reserve bitcoin will be a thing.
