You are viewing a single comment's thread from:

RE: Banskter Admits That Crypocurrency Is Going To Eat Them Up

in #steem7 years ago

Marcus Schenck believes that bank accounts could disappear in as little as 5 years, most likely within 15 years.

My guess is that the apex of this trend will be the year 2022 (assuming people aren't railroaded into the digital panopticon and forced to use centralized crypto at gunpoint). By 2025, banks will probably only be useful for the lending dimension in a very diminished capacity. By that time decentralized blockchain technology should be the dominant paradigm.

Sort:  

How does the 2022 time frame line up with your charts?

We generally turn a new page every 20 years (1960, 1980, 2000, 2020) and this number is associated with the passing of generations. This is a little too soon though for maturity (from the technological perspective) though, so I think it will be closer to 2022 - 2023 before the real fireworks start to erupt.