If you want to take control of your own finances without a bank you can. There are too many regulations and it is meant to be yours. the bank tells you what you are allowed to withdraw etc. With Bitcoin you can take it with you and make payments cheaper than the bank anywhere in the world. The banks are scared and feel threatened and don't want people to invest in crypto currencies and that is why we have so much FUD.
Bitcoins are created through the mining process as a sort of payment for allowing your GPU's computing power to be used to process transactions across the Bitcoin network.
PayPal cannot perform this function neither can credit card that's the more reason you should adopt Bitcoin
And secondly Bitcoin is very high and more convenient to adopt thank you
Because the money you have in the bank is not your own, it's the banks. They make insane profits for that convenience while offering a lousy service. Oh, yeah, and when the run on the banks happens they will all go bankrupt. Want to know why? Because of the fractional reserve banking system which gives banks the power to hand out 10x more money in form of loans than they have "in the vault". So, when a big amount of people ask for their money back the banks will just declare bankrupcy. Leaing you with 0 fiat currency in your bank account. And you won't be able to do anything about it.
Unlike in the scenario of banks dealing with your money and making profits, if you have it in cryptocurrency at least you own it. And you can say that its really your own. And no one can take that away from you.
While I wouldn't use bitcoin for everyday transactions as it has proven to be very slow and costly when the load on the network is high, there are many other coins that can be used as a mean of transaction and will be able to handle millions of transactions a day without breakng a sweat. With 0 fees and 3 second transaction times. Wonder about whih magic coin I'm talking about? STEEM :)
Banks do not give you private key for your own money. They can always block your account with absurd reason. This gives you stress and paper work.
Transfering high amount of money in banking system is always problem. They ask about questions about your transfer, source of money, and many more.
You will be treated as a criminal although you are the owner of the money. What a ridiculous situation right.
One day you could wake up and bank would crash and you would try to save your money. If it is over limit of government warranty, you only get that limit of money.
If you want to take control of your own finances without a bank you can. There are too many regulations and it is meant to be yours. the bank tells you what you are allowed to withdraw etc. With Bitcoin you can take it with you and make payments cheaper than the bank anywhere in the world. The banks are scared and feel threatened and don't want people to invest in crypto currencies and that is why we have so much FUD.
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Bitcoins are created through the mining process as a sort of payment for allowing your GPU's computing power to be used to process transactions across the Bitcoin network.
PayPal cannot perform this function neither can credit card that's the more reason you should adopt Bitcoin
And secondly Bitcoin is very high and more convenient to adopt thank you
Because the money you have in the bank is not your own, it's the banks. They make insane profits for that convenience while offering a lousy service. Oh, yeah, and when the run on the banks happens they will all go bankrupt. Want to know why? Because of the fractional reserve banking system which gives banks the power to hand out 10x more money in form of loans than they have "in the vault". So, when a big amount of people ask for their money back the banks will just declare bankrupcy. Leaing you with 0 fiat currency in your bank account. And you won't be able to do anything about it.
Unlike in the scenario of banks dealing with your money and making profits, if you have it in cryptocurrency at least you own it. And you can say that its really your own. And no one can take that away from you.
While I wouldn't use bitcoin for everyday transactions as it has proven to be very slow and costly when the load on the network is high, there are many other coins that can be used as a mean of transaction and will be able to handle millions of transactions a day without breakng a sweat. With 0 fees and 3 second transaction times. Wonder about whih magic coin I'm talking about? STEEM :)
Can you transport a million dollars to another country with any of these methods?
Banks do not give you private key for your own money. They can always block your account with absurd reason. This gives you stress and paper work.
Transfering high amount of money in banking system is always problem. They ask about questions about your transfer, source of money, and many more.
You will be treated as a criminal although you are the owner of the money. What a ridiculous situation right.
One day you could wake up and bank would crash and you would try to save your money. If it is over limit of government warranty, you only get that limit of money.
There is a famous quote about banking system
"Give me a gun I will rob a bank,
Give me a bank I will rob the world"