Banks Are Finally Openly Fighting Bitcoin In Australia And USA - page 3.

ivanst776

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Quote from: the_poet on January 10, 2016, 06:25:47 AM

http://cointelegraph.com/news/116023/banks-are-finally-openly-fighting-bitcoin-in-australia-and-usa

It looks like we're there:

“First they ignore you, then they laugh at you, then they fight you. Then you win.”

Wink

Things are going that bitcoin would only be used to sold and buy only with cash without transferring the money through the banks

Daniel91

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Quote from: NorrisK on January 10, 2016, 06:52:25 AM

Quote from: Daniel91 on January 10, 2016, 06:42:29 AM

It was obvious that something like this will happen, soon or later.
Bitcoin is much more simple to use, anonymous, no centralization etc. and more and more people using it.
Of course that banks can't ignore it any more but they already lost this fight in the long term.
They have no chance to win because people wants financial freedom and don't want to be controlled by the governments.
It's natural development and nothing can stop it.

Read Franky1 s comment, the biggest issue was going over 10,000 usd limit.

This was set up to prevent money laundring and other illegal activities and are there for a reason, not just to bully you when buying and selling bitcoin.

She should probably have started up a business or something (one person company), to prevent this stuff from happening.

OK you are right, I wrote my comments in the same time and didn't see this replay.
Still, I think that soon or later banks will try to stop bitcoin because they will start loosing clients because of us.

NorrisK

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Quote from: Daniel91 on January 10, 2016, 06:42:29 AM

It was obvious that something like this will happen, soon or later.
Bitcoin is much more simple to use, anonymous, no centralization etc. and more and more people using it.
Of course that banks can't ignore it any more but they already lost this fight in the long term.
They have no chance to win because people wants financial freedom and don't want to be controlled by the governments.
It's natural development and nothing can stop it.

Read Franky1 s comment, the biggest issue was going over 10,000 usd limit.

This was set up to prevent money laundring and other illegal activities and are there for a reason, not just to bully you when buying and selling bitcoin.

She should probably have started up a business or something (one person company), to prevent this stuff from happening.

Daniel91

legendary

Activity: 3374

Merit: 1824

It was obvious that something like this will happen, soon or later.
Bitcoin is much more simple to use, anonymous, no centralization etc. and more and more people using it.
Of course that banks can't ignore it any more but they already lost this fight in the long term.
They have no chance to win because people wants financial freedom and don't want to be controlled by the governments.
It's natural development and nothing can stop it.

franky1

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Activity: 4424

Merit: 4794

the issue that woman had was nothing bitcoin related, but standard AML rules that have been around for decades (yes before bitcoin even existed) due to her moving over $10,000.. which is a red flag

it doesnt matter if its a large facebook refund of $10,001 in facebook credits, if its $10,001 of chinese yuan, euro or rupee converted from western union. as soon as you hit that $10,000 flag.. your screwed.

domestic bank accounts have flags.. so if you are looking to transmit more than $10,000 in one shot, then pre warn your bank and explain that its not a drug deal but a wire transfer from a money licenced and authorized organization.

the_poet

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Bitcoin accepted here

http://cointelegraph.com/news/116023/banks-are-finally-openly-fighting-bitcoin-in-australia-and-usa

It looks like we're there:

“First they ignore you, then they laugh at you, then they fight you. Then you win.”

Wink

Topic: Banks Are Finally Openly Fighting Bitcoin In Australia And USA - page 3. (Read 2012 times)