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I'd love for this to be the case, but your options are severely limited if you only accept physical cash or bitcoin as payment. Pretty sure my company only allo
by wallacoloo 9y ago
I'd love for this to be the case, but your options are severely limited if you only accept physical cash or bitcoin as payment. Pretty sure my company only allows direct deposit or paper checks, for example, which means I wouldn't be able to keep that job. Furthermore, as seen in the past few months, the alternatives to banking (e.g. cryptocurrencies, and bitcoin transaction fees/delay) would not be able to handle all the people currently using banks. So for the time being, using a bank isn't practically a choice, because one option comes with the loss of many social opportunities that are otherwise assumed.
But in the long term, this is all the more reason to develop alternatives to the current banking system. And maybe in the next 15 years, or perhaps a few years after the next crisis, we'll have an alternative that can support the volume of the current system. It's no coincidence that bitcoin was launched so shortly after the last financial crisis.