Allowing merging of banks and bitcoin is bad for us

Senor.Bla

sr. member

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Quote from: Xester on July 21, 2016, 03:18:29 AM

Quote from: Senor.Bla on July 21, 2016, 03:06:59 AM

most people are ignorant, lazy and dumb. so they prefer to go to a bank and suffer the consequences just because it is easier and everybody does that.

If that merging will happen then we will suffer again the same fate that we have with the fiat currency. Banks are financial sharks that offer low interest to savings and time deposits but gives a large interests to loan. The fact is they are using our money against us. If we voted for them to merge with bitcoins then we are allowing them to manipulate bitcoins like they manipulate fiat currency.

spreading knowledge is our best chance in the long run. but boy what an uphill battle this is.

Xester

hero member

Activity: 994

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Quote from: Senor.Bla on July 21, 2016, 03:06:59 AM

most people are ignorant, lazy and dumb. so they prefer to go to a bank and suffer the consequences just because it is easier and everybody does that.

If that merging will happen then we will suffer again the same fate that we have with the fiat currency. Banks are financial sharks that offer low interest to savings and time deposits but gives a large interests to loan. The fact is they are using our money against us. If we voted for them to merge with bitcoins then we are allowing them to manipulate bitcoins like they manipulate fiat currency.

TastyChillySauce00

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Leading Crypto Sports Betting & Casino Platform

Quote from: groll on July 21, 2016, 02:59:08 AM

Quote from: Omegasun on July 21, 2016, 02:04:55 AM

Quote from: groll on July 21, 2016, 01:56:59 AM

https://news.bitcoin.com/bitcoin-vs-banks-a-blockchain-without/

In this article i have read an very alarming issue about banks and how it will affect bitcoins, I will qoute it:

"history has shown that banks are prone to massive failures during economic crises; arguably, the banks themselves are the cause of the crises. In these failures, people lose all their savings, their livelihoods. Such calamities cannot be prevented by a simple blockchain adoption. Furthermore, that strong relationship between banks and government ensures that banks will be bailed out without being held accountable for their actions. Therefore, the economy is thrown into an endless cycle of economic hardship."

So if there is a votation say no to banks and bitcoin merging.

i think the effect is different in every bitcoin users. because all of us have a different ways in using bitcoin.
it is good for those who use bitcoin legal ways and bad for those in the deep web and involved in illegal trade. Cheesy

Well lets just presuppose that you are right. But if we cannot stop the culture of corruption and financial greediness and financial slavery bitcoin will lose its essence. I am not against the government since they can help regulate bitcoins and stop illegal activities. But banking system is full of selfish motives if they will also rule bitcoin then we will no longer enjoy the benefits we enjoy with bitcoins at this moment.

sure bank is bad,bank exist to make poor people getting more poor and the rich become richer,just see the way they're lending money which really limit the value for the poor and the interest is so damn big,although bitcoin was created to be opposite and against bank,no way we're allowing bitcoin to merge with bank

Senor.Bla

sr. member

Activity: 280

Merit: 253

most people are ignorant, lazy and dumb. so they prefer to go to a bank and suffer the consequences just because it is easier and everybody does that.

groll

sr. member

Activity: 336

Merit: 250

Quote from: Omegasun on July 21, 2016, 02:04:55 AM

Quote from: groll on July 21, 2016, 01:56:59 AM

https://news.bitcoin.com/bitcoin-vs-banks-a-blockchain-without/

In this article i have read an very alarming issue about banks and how it will affect bitcoins, I will qoute it:

"history has shown that banks are prone to massive failures during economic crises; arguably, the banks themselves are the cause of the crises. In these failures, people lose all their savings, their livelihoods. Such calamities cannot be prevented by a simple blockchain adoption. Furthermore, that strong relationship between banks and government ensures that banks will be bailed out without being held accountable for their actions. Therefore, the economy is thrown into an endless cycle of economic hardship."

So if there is a votation say no to banks and bitcoin merging.

i think the effect is different in every bitcoin users. because all of us have a different ways in using bitcoin.
it is good for those who use bitcoin legal ways and bad for those in the deep web and involved in illegal trade. Cheesy

Well lets just presuppose that you are right. But if we cannot stop the culture of corruption and financial greediness and financial slavery bitcoin will lose its essence. I am not against the government since they can help regulate bitcoins and stop illegal activities. But banking system is full of selfish motives if they will also rule bitcoin then we will no longer enjoy the benefits we enjoy with bitcoins at this moment.

Omegasun

hero member

Activity: 742

Merit: 500

Quote from: groll on July 21, 2016, 01:56:59 AM

https://news.bitcoin.com/bitcoin-vs-banks-a-blockchain-without/

In this article i have read an very alarming issue about banks and how it will affect bitcoins, I will qoute it:

"history has shown that banks are prone to massive failures during economic crises; arguably, the banks themselves are the cause of the crises. In these failures, people lose all their savings, their livelihoods. Such calamities cannot be prevented by a simple blockchain adoption. Furthermore, that strong relationship between banks and government ensures that banks will be bailed out without being held accountable for their actions. Therefore, the economy is thrown into an endless cycle of economic hardship."

So if there is a votation say no to banks and bitcoin merging.

i think the effect is different in every bitcoin users. because all of us have a different ways in using bitcoin.
it is good for those who use bitcoin legal ways and bad for those in the deep web and involved in illegal trade. Cheesy

groll

sr. member

Activity: 336

Merit: 250

https://news.bitcoin.com/bitcoin-vs-banks-a-blockchain-without/

In this article i have read an very alarming issue about banks and how it will affect bitcoins, I will qoute it:

"history has shown that banks are prone to massive failures during economic crises; arguably, the banks themselves are the cause of the crises. In these failures, people lose all their savings, their livelihoods. Such calamities cannot be prevented by a simple blockchain adoption. Furthermore, that strong relationship between banks and government ensures that banks will be bailed out without being held accountable for their actions. Therefore, the economy is thrown into an endless cycle of economic hardship."

So if there is a votation say no to banks and bitcoin merging.

Topic: Allowing merging of banks and bitcoin is bad for us (Read 487 times)