I think it is NOT! Look at the current market situation of bitcoin and it will tell you the real story behind it. bitcoin may fall down for its price but may never die in the future or in any dimension of universe. I know that is too stretched statement but bitcoin is such virtual currency which has made its presence like king of all currencies. It is itself a bank system and banks never run out of value, assets, money. They may get into financial crisis but let’s understand this, they can get back on like in few months or so. bitcoin works in similar way and because of its interests people are loving it more and more Day by day
I guess you may want to learn a little bit of history
The average life span of a typical American bank in the 19th century was something about 3 years. Banks going belly were common back then. Today bank bankruptcies are not unheard of either. Even the strongest, too big to fail are not guaranteed from busting. Lehman Brothers will confirm that. So you comparison of bitcoin to banks is a bit left-handed, so to speak, though the farfetchedness of such a comparison still doesn’t itself make bitcoin invulnerable or invincible
Published at Sun, 02 Apr 2017 19:06:03 +0000
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By Electric-Eye on 2009-10-25 07:39:26
