Banks Suck - page 3. | Bitcointalksearch.org

atp1916

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Quote from: Possum577 on July 12, 2015, 12:15:48 AM

Quote from: notbatman on July 11, 2015, 01:04:52 PM

I just visited the bank... denied until Monday. Embarrassed

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

Yep, and then you'll see Bitcoin being the 'fiat' and some form of new system touted as the answer.

There is no escaping manipulation in a truly zero strings attached "free" market system - in fact, as you alude to - it's guaranteed. For this simple fact, you need a control element inside that "free market system" which at most mitigates most of the instability created by these manipulating agents. Banks should not that entity, and if governments is/are going to put it under their jurisdiction they need employ tools that are as generic and corruption-resistant as possible...but because people form governments and greed is an inherent disease inside mankind's basic nature - there is no reality where manipulation will not occur.

It's just flawed because humans are flawed.

notbatman

legendary

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You guys are all assuming I have a bank account that's not frozen. Undecided

However, thank you all for taking the time to post and defend the honor of these blood sucking parasites.

pitham1

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Quote from: n2004al on August 02, 2015, 12:40:14 AM

Quote from: notbatman on July 11, 2015, 01:04:52 PM

I just visited the bank... denied until Monday. Embarrassed

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

Just a normal thing. No one cannot expect that the banks works Saturday and Sunday. Don't give a fault for something that has right. You work these days? No, I think. But even yes must be paid double. If the banks have nothing urgent to work |i don't see for what reason they must work these days.

You can usually transfer money online after working hours. The need to visit the branch has reduced over time.

g1974ak

newbie

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Quote from: notbatman on July 11, 2015, 01:04:52 PM

I just visited the bank... denied until Monday. Embarrassed

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

Yuu must or can use bitcoins my friend. There are exchanges that work every day of the week. Change your bitcoins and voila. You have in your hands your needed money and your can do with those everything you want. That's for what was invented bitcoin! For these hard days....

n2004al

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Quote from: notbatman on July 11, 2015, 01:04:52 PM

I just visited the bank... denied until Monday. Embarrassed

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

Just a normal thing. No one cannot expect that the banks works Saturday and Sunday. Don't give a fault for something that has right. You work these days? No, I think. But even yes must be paid double. If the banks have nothing urgent to work |i don't see for what reason they must work these days.

botany

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Activity: 1582

Merit: 1064

Quote from: manselr on August 01, 2015, 02:40:05 PM

Interest rates offered by banks aren't worth the risk of having your money stored over there. I would consider it if I could at least make a passive income out of it, but the only people living off thin air by interest due having their savings on a bank are already rich people anyway. Normal people get peanuts off having their wealth on banks.

With banks, you know that they are subject to regulation and there is federal insurance. Of course, you don't get rich by putting your money in the bank, but at least these are comforts. Right now, Bitcoin is wild west territory.

torrentheaven

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Quote from: manselr on August 01, 2015, 02:40:05 PM

Interest rates offered by banks aren't worth the risk of having your money stored over there. I would consider it if I could at least make a passive income out of it, but the only people living off thin air by interest due having their savings on a bank are already rich people anyway. Normal people get peanuts off having their wealth on banks.

If you have millions in bank, then you get good returns as the capital is huge, but for an ordinary guy who is earning a average salary, doesn't gives good returns as the capital is low, so he would surely not deposit his funds in bank, he would rather choose an alternative investment where he is earning higher interest rates. Banks are not for normal people earning average salary.

manselr

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Interest rates offered by banks aren't worth the risk of having your money stored over there. I would consider it if I could at least make a passive income out of it, but the only people living off thin air by interest due having their savings on a bank are already rich people anyway. Normal people get peanuts off having their wealth on banks.

botany

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Quote from: HarHarHar9965 on July 31, 2015, 07:34:23 AM

Quote from: freeyourmind on July 30, 2015, 12:16:45 PM

Quote from: bojan92 on July 29, 2015, 11:31:50 AM

if you need to withdraw money use the ATM, if you have to pay something use the online paying system if you have one, or play your things on time and make a notice that everybody has a working time.
The banks work with your money and give you just a 6 % interest rate, common that is so little. Invest your money in something else Wink

I don't know who you bank with, but my bank definitely doesn't offer anything close to a 6% interest rate (I'm assuming you're talking about deposits).

6% is a very good rate if there's no risk involved, seeing that we can borrow at 2.1% here in Canada.

6% is definitely a good price, a very good rate by the bank. If money is saved and interested is provided, its one of the most secure investments. Bojan wants to reap more benefits than just 6 percent which also increases the risk factor and the way of reaping that profit might not be really that secure as much. If freeyourmind wanted to earn more profit and didn't care about security, he would go to a casino and not a bank

The interest rate return should be compared to inflation. In the developed world with low inflation, 6% is probably very good.
In a developing economy with 10-12% inflation, you are losing money every year if you put it in a deposit which gives you 6%p.a.

HarHarHar9965

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Quote from: freeyourmind on July 30, 2015, 12:16:45 PM

Quote from: bojan92 on July 29, 2015, 11:31:50 AM

if you need to withdraw money use the ATM, if you have to pay something use the online paying system if you have one, or play your things on time and make a notice that everybody has a working time.
The banks work with your money and give you just a 6 % interest rate, common that is so little. Invest your money in something else Wink

I don't know who you bank with, but my bank definitely doesn't offer anything close to a 6% interest rate (I'm assuming you're talking about deposits).

6% is a very good rate if there's no risk involved, seeing that we can borrow at 2.1% here in Canada.

6% is definitely a good price, a very good rate by the bank. If money is saved and interested is provided, its one of the most secure investments. Bojan wants to reap more benefits than just 6 percent which also increases the risk factor and the way of reaping that profit might not be really that secure as much. If freeyourmind wanted to earn more profit and didn't care about security, he would go to a casino and not a bank

manselr

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Quote from: pitham1 on July 30, 2015, 11:18:29 AM

Quote from: wearepoor on July 29, 2015, 07:27:34 PM

Quote from: pitham1 on July 28, 2015, 01:33:55 PM

Quote from: aakashsangwan on July 27, 2015, 01:37:18 PM

Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.

The time taken is because of government regulations, not the bank's inefficiency.
Wait till the government starts regulating bitcoin.

We really don't know that day would either come or not that governments starts regulating bitcoins, its still a long way to go when government will come in support of bitcoins and yes banking sucks but there is no other option for the people who are not into bitcoins.

Cold, hard fiat cash still rules, my friend.
There may be a lot of people who are not into bitcoins, but avoid banks like the plague. Cash does wonders for them.

This is true, but getting rid of fiat cash is already on the global goverment agendas:

http://www.abc.net.au/news/2015-03-04/researchers-say-cash-could-disappear-within-decade/6278266

Once this happens, there will be no escape except for those that learned how to use Bitcoin and stay anonymous by doing so. And even then, any real state you buy will be linked to your Bitcoin transaction, but its better than nothing.

freeyourmind

sr. member

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Quote from: bojan92 on July 29, 2015, 11:31:50 AM

if you need to withdraw money use the ATM, if you have to pay something use the online paying system if you have one, or play your things on time and make a notice that everybody has a working time.
The banks work with your money and give you just a 6 % interest rate, common that is so little. Invest your money in something else Wink

I don't know who you bank with, but my bank definitely doesn't offer anything close to a 6% interest rate (I'm assuming you're talking about deposits).

6% is a very good rate if there's no risk involved, seeing that we can borrow at 2.1% here in Canada.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: wearepoor on July 29, 2015, 07:27:34 PM

Quote from: pitham1 on July 28, 2015, 01:33:55 PM

Quote from: aakashsangwan on July 27, 2015, 01:37:18 PM

Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.

The time taken is because of government regulations, not the bank's inefficiency.
Wait till the government starts regulating bitcoin.

We really don't know that day would either come or not that governments starts regulating bitcoins, its still a long way to go when government will come in support of bitcoins and yes banking sucks but there is no other option for the people who are not into bitcoins.

Cold, hard fiat cash still rules, my friend.
There may be a lot of people who are not into bitcoins, but avoid banks like the plague. Cash does wonders for them.

wearepoor

hero member

Activity: 784

Merit: 500

Quote from: pitham1 on July 28, 2015, 01:33:55 PM

Quote from: aakashsangwan on July 27, 2015, 01:37:18 PM

Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.

The time taken is because of government regulations, not the bank's inefficiency.
Wait till the government starts regulating bitcoin.

We really don't know that day would either come or not that governments starts regulating bitcoins, its still a long way to go when government will come in support of bitcoins and yes banking sucks but there is no other option for the people who are not into bitcoins.

bojan92

full member

Activity: 168

Merit: 100

if you need to withdraw money use the ATM, if you have to pay something use the online paying system if you have one, or play your things on time and make a notice that everybody has a working time.
The banks work with your money and give you just a 6 % interest rate, common that is so little. Invest your money in something else Wink

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: BillyBobZorton on July 18, 2015, 11:52:19 AM

The banking system is headed to collapse so keep resisting and building and stacking your BTC. It's just basic macroeconomics, nothing more. A basic understanding of economics doesn't make a person "wedded to bankster propaganda," as if there were such a thing.

You get rid of all those evil banksters and then you'll learn what a modern economy becomes and looks like without banks.

It would be a very positive change to society as a whole if the current banking system were to collapse and be rebuilt without corrupt central banks, but I don't see it happening anytime soon. Even in the next collapse, similar to 2008, I think they will stay with the same FIAT and go to extreme measure (debt) to keep the game alive for another few years.

People are becoming more aware of the banking system and its faults, but not enough people are aware to demand a change, and the government will not propose such a change away from FIAT unless it is demanded and a politicians election depends on it.

That being said, I hope I am wrong, but I don't see the elites of the world backing down ever.

pitham1

legendary

Activity: 1232

Merit: 1000

Quote from: aakashsangwan on July 27, 2015, 01:37:18 PM

Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.

The time taken is because of government regulations, not the bank's inefficiency.
Wait till the government starts regulating bitcoin.

g1974ak

newbie

Activity: 14

Merit: 0

Quote from: Kprawn on July 13, 2015, 03:24:53 AM

Your words are music to my ears. Wink

Every time someone complain to me about their banks, I answer them with this... "Why do you not switch to Bitcoin?"

And them normally answer to you" I cannot switch to bitcoin because its impossible to do with bitcoin all the things that one banks do" I cannot go at supermarket and buy everything I do with bitcoin. I cannot buy bread with bitcoin. I cannot send bitcoin to everyone becouse not all the people I know know bitcoin and have a wallet to store it, becouse I don't have bitcoin every month like the other money, because to change fiat money in bitcoin cost and is money lost. etc etc.

aakashsangwan

hero member

Activity: 994

Merit: 1000

PUGG.io

Yup bank sucks.
I went to a local bank to open a new savings account.
It's so much time consuming to open just a single account.
But with bitcoin, you download a 20mb wallet and you are presented with around 15 to 20 account.

zenitzz

hero member

Activity: 560

Merit: 500

Sorry for your problem and i have never had any problems. maybe you need to ask customer service. what's the problem

Topic: Banks Suck - page 3. (Read 6175 times)