There's always talk about how cryptocurrencies are going to replace banks.
But neither crypto is perfect nor are banks entirely bad.
In this article, I’m giving you a real and honest comparison between both systems.
Aspect 1: Who controls the money.
Traditional banks: The government and the central bank control the issuance and the rules.
They can print more money whenever they want, which causes inflation.
Cryptocurrencies: Bitcoin has a fixed cap of 21 million. No one can print more.
Ethereum and others have clear rules written in code, but sometimes they get modified by consensus.