RE: Banks Versus Bitcoin: Advantages Of Decentralized Financial Systems
Prince al-Waleed Bin Talal must be punching himself in the face whenever he thinks of the statement he made criticizing bitcoin. He's indeed the perfect example to use over the dangers of centralized financial systems.. This is your money that they control, something decentralized financial systems have changed. If it's money that you worked hard for, then it's you to be in charge.. not letting a system that didn't have a hand in your hard work to get this money to control it. In cryptocurrency no central authority has control over one's finances, and so a bank can’t take it away from you. Am glad cryptocurrency is rapidly gaining ground as more and more people are getting to a better understanding of its use and value in the public eye. These decentralised financial systems are so efficient that one only needs access to the internet and mobile phones to transact.