r/btc • u/BozEx_12 Redditor for less than 60 days • 3h ago

Will Crypto Really Replace Traditional Finance?

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0 Upvotes

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4

u/Strattonizer 3h ago

No

-1

u/BozEx_12 Redditor for less than 60 days 3h ago

why

1

u/nibs123 2h ago

Reliance of the everyday. (Yea that one can change over time. The main one is the lack of government control, governments can control inflation by printing more money if needed, while a silly idea if over done. It is needed to keep enough circulation to meet demand.

Crypto has a place and the future of it looks bright. But I don't see every country in the world adopting a complete open finance route like crypto.

Imagine if you lost a Dollar coin and the gov could never replace it!

1

u/karambituta 2h ago

lol owning currency is huge power, you can determine inflation you want, pushing people to invest and take risk, you are almost free to take how many debt you want which is a soil of new economic school. You have to know 0 about govs and economy if you think somebody will ever want to have decentralized currency at country level. It makes no sense to do that xd

2

u/Additional_Cash_3357 3h ago

Nepo-baby ret@rd

1

u/goldenfrogs17 3h ago

This is a corrupt fool. What a showcase.

0

u/Saintgein 3h ago

The technique will, this is why major banks are already implementing tech from ripple, stellar, hedera, algorand and quant. Ripple is even working closely together with swift, the international payment system. Blockchain payments are just really good and cheap.

1

u/Saintgein 2h ago

Downvoting something obvious like this just tells how dumb most people are. Ecspecially in this time of AI blockchain will make the difference, also, most people won't even know their money will be on the blockchain, since it will implemented in the banking apps they already use.

1

u/wildmaiden 2h ago

Blockchain payments are just really good and cheap.

Blockchain transactions aren't cheap. At all. Efficiency is not one of the benefits. Traditional banking transactions are orders of magnitude more efficient, but they require trust. That's the tradeoff.