Banks Suck - page 4. | Bitcointalksearch.org

Xenoph0bia

hero member

Activity: 966

Merit: 501

Quote from: Mickeyb on July 23, 2015, 04:50:42 PM

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.

This will change soon my friend, that's why we are all here and busting our asses to give the banks decent competition. And the fact that they are crooks we don't need to repeat again, everybody knows this now. Lol

Yeah, everyone have faced the bad experience with the banks in the past, as they were the monopolists in the market, and we were like their slaves, but now the things have changed, and we don't need banks when it comes to the financial transactions, we have our own bank ie blockchain Grin

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

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.

This will change soon my friend, that's why we are all here and busting our asses to give the banks decent competition. And the fact that they are crooks we don't need to repeat again, everybody knows this now. Lol

notlist3d

legendary

Activity: 1456

Merit: 1000

My worst story about a bank was I opened a checking account in a good bank for where I went to college. After college I had 0 need for the account.

I went in nicely asked to close my account they gave me like a 50 dollar or something fee they wanted to close the account. I said I found that a little unfair that I was locked into it till X date.

So I then asked what was the minimum amount I had to leave in account without a fee.... the manager said there was none. I nicely told them I would take everything out of my checking account but 5 cents. They sent me letters about my balance for a year and a half or so until they finally closed it. I consider that a win for 5 cents.

Xenoph0bia

hero member

Activity: 966

Merit: 501

Quote from: BitcoinMagician on July 22, 2015, 01:46:30 AM

Ugh, I hear you. I had to go wait in line for about an hour to sort out my first ever bank account. "Your signatures across multiple papers, signed on out shitty desks are not similar enough"... I know, safety and making sure I sign properly, blablabla. But there's already a completely reliable way to sign digitally! In fact, it has proven much easier to be my own bank with bitcoin (interest included) than to open an account at a bank. Banks are really full of shit. And don't get me started on the fees. God, the fucking fees. I can't have a good time on vacation without having them suck about 15% of my vacation money just to move it and/pr exchange it into another currency.

That is the case with every bank. Previously when we were not using bitcoins, we were left with no other option but to approach a bank and all that banking procedures for opening a a/c and paper work, that was just a waste of time, but now we are blessed with bitcoins so I hardly visit the bank & that also only to watch beautiful female employees of the bank Wink

BitcoinMagician

member

Activity: 69

Merit: 10

Ugh, I hear you. I had to go wait in line for about an hour to sort out my first ever bank account. "Your signatures across multiple papers, signed on out shitty desks are not similar enough"... I know, safety and making sure I sign properly, blablabla. But there's already a completely reliable way to sign digitally! In fact, it has proven much easier to be my own bank with bitcoin (interest included) than to open an account at a bank. Banks are really full of shit. And don't get me started on the fees. God, the fucking fees. I can't have a good time on vacation without having them suck about 15% of my vacation money just to move it and/pr exchange it into another currency.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

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's hard to call it modern when it doesn't exist yet. Every country in the world operates the same system. The developed countries obviously have greater scale to indulge in what us folks would consider negatives of that system. But there is no country in the world that works on a different system or a better system...so the modern system is what we're proposing we get away from.

What future system would you propose? How do we make the transition without the world as we know it collapsing?

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: Q7 on July 17, 2015, 09:02:27 AM

The good thing about bitcoin is that it is available 24 hours a day regardless of whether it is weekday or weekend, you can practically perform cross border transactions and have the fund available in just a matter of hours. Consider that with banks, it will probably take at least a week and you haven't even consider about the fees just yet.

Yeah and online transfers using bitcoin is so fast that it takes hardly 10 mins for the amount to get credited into your account and that also the services are available 24/7. I generally transfer bitcoins to my local currency whenever I am in need of cash so it gets transfer straight away to my bank account with minimal charges.

FullLife

hero member

Activity: 503

Merit: 500

Quote from: Amph on July 18, 2015, 05:49:47 AM

Quote from: freeyourmind on July 17, 2015, 05:12:02 PM

Aren't you able to deposit the cheque at the ATM? ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

even if you deposit on saturday, you will get the money on monday, so the 24/7 working is a big joke with atm

they are using those two days to work with your money and investing in assets it is well known...

It really depends on the bank and how long you've had an account with them. With my bank, some of the money would be available for use right away.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

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.

bt62567

newbie

Activity: 36

Merit: 0

I may be wrong but I think Saxobank actually caused people on the correct side, even from early on, of the CHF market huge losses, when the central bank removed the floor. Anyone know otherwise?. I think this happened with a few LP's, but not really sure. If true though, just shows you how shady some of the players really are..

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: freeyourmind on July 17, 2015, 05:12:02 PM

Aren't you able to deposit the cheque at the ATM? ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

even if you deposit on saturday, you will get the money on monday, so the 24/7 working is a big joke with atm

they are using those two days to work with your money and investing in assets it is well known...

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: countryfree on July 17, 2015, 07:12:41 PM

I see that many people don't like banks here, but we still badly need them. Only a handful of people are able to buy a house without getting a loan. And millions of businesses would be unable to survive without credit. Countries are no better. Greece would have disappeared without credit.

That is exactly the problem banks created. We are living on a debt which is increasing dramatically as we speak.

In a world where 1% of the population owns 40% of the planet's wealth... In a world where 34,000 children die every single day from poverty and preventable diseases, and where 50% of the world's population lives on less than 2 dollars a day... One thing is clear. Something is very wrong. And whether we are aware of it or not, the lifeblood of all our established institutions and thus society itself is money.

The fractional reserve policy, perpetrated by the Federal Reserve, which has spread in practice to the great majority of banks in the world, is, in fact, a system of modern slavery.

You can learn why we Banks are even worse than we thinkand Why Our Money System is Flawed: https://www.youtube.com/watch?v=prcu7sjjg_Y

countryfree

legendary

Activity: 3066

Merit: 1047

Your country may be your worst enemy

I see that many people don't like banks here, but we still badly need them. Only a handful of people are able to buy a house without getting a loan. And millions of businesses would be unable to survive without credit. Countries are no better. Greece would have disappeared without credit.

Acidyo

hero member

Activity: 588

Merit: 500

Will Bitcoin Rise Again to $60,000?

Banks are always going to "suck" - Their will never be a day when everyone loves banking practices. There are too many banks screwing the public daily that their will always be some bad press about it daily.

freeyourmind

sr. member

Activity: 364

Merit: 252

Quote from: notbatman on July 17, 2015, 03:07:15 AM

Quote from: freeyourmind on July 17, 2015, 12:20:52 AM

Quote from: notbatman on July 16, 2015, 02:41:14 AM

Quote from: freeyourmind on July 16, 2015, 02:07:24 AM

Quote from: notbatman on July 12, 2015, 01:11:08 AM

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.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM? ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking? And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

I understand that, but that's not what I was asking. But you also can't spend your bitcoin when you go to the market, so it's not a solution yet.

If you don't want to share that information, just say you'd prefer to keep it private.

oblivi

hero member

Activity: 700

Merit: 501

Quote from: Kprawn on July 14, 2015, 01:41:42 AM

Quote from: HarHarHar9965 on July 13, 2015, 04:48:51 AM

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?"

You stand before them with the Blue pill and the Green Pill.... They already had a taste of the Blue {Banking} pill... and the experience was bad... You are giving them the option to take another pill... They can chose to stay with the Blue pill, or they can try the Green pill.

Go Neo... Try the Green pill Wink

...You will realize the truth, when you take the Green pill.... {The Blue pill is not your only option anymore}

This puts me in the mood, to watch "The Matrix" again. Grin

So you're recommending people to switch to bitcoin, in terms of transactions? If they want to send somebody money, they need to convert their money in btc and send that btc to somebody who also has a bitcoin wallet. If you are recommending people to switch to bitcoin to store their savings, you think they wouldn't fucking kill you if they put their life's savings in bitcoin and there is a spike down and they lose more than half of their savings? What will you say to them in terms of emergency then? 'HODL?'

You can recommend something to someone and explain the pro's and con's to them, and leave the decision to them. I am not putting a gun next to these people's heads and forcing them to switch to Bitcoin.

I show them, that there are other alternatives to what they have at the moment.

It's still a high risk, and I make sure to highlight these risks, when I introduce them to Bitcoin. It's just a great conversation starter, if someone starts to complain about their bad experience with their banks.

One of the people I introduced to Bitcoin, sold some of his shares and bought Bitcoins with it. He made a $6040 profit from selling it. That profit was for a 2 months investment... His yearly profit from that, would

have been $2034. It's things like this, that make me smile... He knew all the risks, and went for it... I got a FREE lunch and a friend for life. Wink

From my experience it's the best way to go about it. Just mention Bitcoin vaguely, explain it's important for the future and so on, but don't directly tell them to convert money into Bitcoin. Those that are curious will investigate by themselves and take a decision. Those that only care about making money will probably ignore it because they don't see it clear or don't understand it and don't take it serious enough, but make no mistake, those people will be the ones that will tell you "why the fuck you didn't tell me to invest when it was only 300USD?" and may be even pissed off at you.

greBit

hero member

Activity: 714

Merit: 500

Quote from: Gyfts on July 17, 2015, 03:28:51 AM

Welcome to fiat currencies. Where a 3rd party entity suddenly can take control of your money and do whatever they please with it without facing consequences under law. Happened in Greece, happens everywhere. It's not something that can ever be trusted with large sums of money. They'll screw you over 10/10 times.

Fiat currencies: Bunch of paper given to the masses fooling them that they own it. Banks: Financial institutions that smile at you when you first make an account at their bank, don't even respond to you 3 months later when you're standing in line for 2 hours. Bitcoin: Possible escape from the controlling nature and rule of men with power, but practically unknown to the masses.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: notbatman on July 17, 2015, 03:07:15 AM

Quote from: freeyourmind on July 17, 2015, 12:20:52 AM

Quote from: notbatman on July 16, 2015, 02:41:14 AM

Quote from: freeyourmind on July 16, 2015, 02:07:24 AM

Quote from: notbatman on July 12, 2015, 01:11:08 AM

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.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM? ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking? And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

this is the trump card of bitcoin, if more banks can act in "sucky" way, people around the word would recognize more the merit of bitcoin, and start to use it more

it's not a matter of convincing them, that bitcoin is better(which is), but that what they are using right now sucks in comparison

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

Quote from: Q7 on July 17, 2015, 09:02:27 AM

The good thing about bitcoin is that it is available 24 hours a day regardless of whether it is weekday or weekend, you can practically perform cross border transactions and have the fund available in just a matter of hours. Consider that with banks, it will probably take at least a week and you haven't even consider about the fees just yet.

This is one reason we need Bitcoin more widely accepted and available. It is time many of us started educating members of our family and friends..If all of us got our families and friends just to buy a small portion of their spare funds and turn it into BTC we could start a new world economy of avid savers!

Q7

sr. member

Activity: 448

Merit: 250

The good thing about bitcoin is that it is available 24 hours a day regardless of whether it is weekday or weekend, you can practically perform cross border transactions and have the fund available in just a matter of hours. Consider that with banks, it will probably take at least a week and you haven't even consider about the fees just yet.

Topic: Banks Suck - page 4. (Read 6175 times)