I got so disappointed with bank after what they did to me.
I had some emergency in school last year 2021 which required me to pay some fees, I took my debit card to a near by ATM to make some withdrawal but all I got was services not available (service error), I went straight into the bank to lay some complain about the withdrawal error but all I saw was a long qui that took about 2 hours before it could get to my turn, I got exusted that day and left hoping to make the payment the next day.
This year school Dues payment was smooth for me because I sold some Bitcoin and fulfill my payment within few minutes.
Topic: Do you want to be a hero? (maybe not) (Read 559 times)
Banks are always fond of that, each time you want to withdraw huge funds. They keep prolonging it. I wouldn't blame the man for displaying a weird attitude in the bank cos we don't know how long the bank has kept him waiting to attain his plea. If he didn't spark at them, they wouldn't have known how serious he needs the money. Although all these problems wouldn't have occurred if he has a debit card.
This kind of situation has thought me not to have all my money kept in the bank. Have some of your money kept in the house, bank and bitcoin in case of any emergency that arises unexpectedly.
This kind of situation has thought me not to have all my money kept in the bank. Have some of your money kept in the house, bank and bitcoin in case of any emergency that arises unexpectedly.
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
I don't understand how is he treated as a hero when what he did there was a crime? What if he accidentally killed his hostage? That will only make his situation worse. He will be sent in jail, he can't see his family, and then his savings will get confiscated and won't be enough to pay for what he did. Imagine all of that? But, I know why he did that and that is because of anger.Banks themselves do also have their fault on why they are freezing their customer funds. I think this is not written in their terms but people should understand this risk already and will try to move some of their money in cryptos because cryptoes doesn't have any restrictions whatsoever.
A crime? Who says?
And ignore this guy on 'crypto' as well, your money is not safe there. You can see the time Bitcoin is having, and Bitcoin is the daddy of crypto, so much it makes 'crypto' seem far too general to stand in for something so important as BTC. Most of these shitcoins don't even intend to be decentralized, which is what keeps banks & other state agencies from being able to publicly & legally confiscate the wealth of citizens.
Of course, they still might commit to this act as 'a crime'
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
I don't understand how is he treated as a hero when what he did there was a crime? What if he accidentally killed his hostage? That will only make his situation worse. He will be sent in jail, he can't see his family, and then his savings will get confiscated and won't be enough to pay for what he did. Imagine all of that? But, I know why he did that and that is because of anger.Banks themselves do also have their fault on why they are freezing their customer funds. I think this is not written in their terms but people should understand this risk already and will try to move some of their money in cryptos because cryptoes doesn't have any restrictions whatsoever.
But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
This is what I've been doing since stablecoin started to exist. I stopped putting all my money into banks and started to convert half of it into stablecoins or other crypto that is good for long term investment.
But for people who are not techy or born in a year where these types of technology doesn't exist yet, they would find it difficult to put their money in digital wallets to secure it themselves. They would still prefer the traditional way of storing money and it is through banks. Their mindset is completely opposite from people like me where they think crypto or digital currencies are scam.
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
He chose to deposit his money in bank and I guess he never knew that the bank "could withhold or deny his money" for any reason. But still, I don't think this is how he should have take his money. I know it was an emergency and he needed the money to pay the hospital bills, but that doesn't mean he did the right by choosing violence and taking someone hostage. Things could have escalated and things might have gone worse. And why did the employers in the bank had to suffer (taken hostage)? They are just doing their job. Quote
The suspect's brother told journalists: "My brother has $210,000 in the bank and wants to get just $5,500 to pay hospital bills."
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Quote
The suspect's brother told journalists: "My brother has $210,000 in the bank and wants to get just $5,500 to pay hospital bills."
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Banks are the Blockbusters of our current age. They are screaming, flailing and doing anything they can to stay relevant but the truth is, banks are becoming completely unnecessary and redundant. I relish the thought that, one day, bankers will be on the streets with a "will hold your money for food" cardboard sign.
Its just the government's way of holding the people hostage. And if they do not have that, they can only threaten people by taking away their freedom instead of their money. And the government knows that.
I feel bad for the Lebanese guy, especially considering his emergency situation, but this is a good show of why we need to get rid of banks as soon as possible!
Banking strikes me as one of those sectors that attracts a certain kind of opportunist asshole seeking to employ a public industry for exploitative purposes. And now the general standard is improving, the unfair advantages they entrenched themselves for are no longer so available. Like you said, they look like they are becoming desperate & it all looks a bit cheap & old hat. Coronavirus & monkey pox & all this manufactured alarmist shit are their way of trying to hold on. Once upon a time the evil bastards would have used the plague or the black death or a great spate of food factory or bushfires or something
Unfortunately, exploitative people like that exist because of a broken system. A broken system based on greed and outdated money technology. This is why things will only get better once Bitcoin becomes the global currency which will outshine any outdated fiat or government financial regulations.
People need to understand that the government is just a giant business. They do not care for their "workers" unless the workers are making such huge protests that they cannot ignore it.
The only thing they care about is profit.
Thats why we need a decentralised transparent money that nobody can control.
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
What the fuck?
Is this what you people call a hero? No wonder why these communities are so messed up.
Hero does not mean commit a crime. That'll make you like Pablo Escrobar.
Just look at your own superhero films - are any of them villians?
This logic of committing a crime making you a hero is messing up a lot of people's brains.
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
Banks really frustrate customers. To hostage bank is all depend on the country. If it is for my country then forget. the authority would even support the banks to crucify the customer. Because the Lawyers and the businessmen are working together so the working class and the poor masses can win cases in law suit. Really, using btc to keep money is best option so far.
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Quote
The suspect's brother told journalists: "My brother has $210,000 in the bank and wants to get just $5,500 to pay hospital bills."
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Banks are the Blockbusters of our current age. They are screaming, flailing and doing anything they can to stay relevant but the truth is, banks are becoming completely unnecessary and redundant. I relish the thought that, one day, bankers will be on the streets with a "will hold your money for food" cardboard sign.
Its just the government's way of holding the people hostage. And if they do not have that, they can only threaten people by taking away their freedom instead of their money. And the government knows that.
I feel bad for the Lebanese guy, especially considering his emergency situation, but this is a good show of why we need to get rid of banks as soon as possible!
Banking strikes me as one of those sectors that attracts a certain kind of opportunist asshole seeking to employ a public industry for exploitative purposes. And now the general standard is improving, the unfair advantages they entrenched themselves for are no longer so available. Like you said, they look like they are becoming desperate & it all looks a bit cheap & old hat. Coronavirus & monkey pox & all this manufactured alarmist shit are their way of trying to hold on. Once upon a time the evil bastards would have used the plague or the black death or a great spate of food factory or bushfires or something
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Quote
The suspect's brother told journalists: "My brother has $210,000 in the bank and wants to get just $5,500 to pay hospital bills."
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other news, Video Shows Tanks Protecting Crisis-Hit Banks In China, Internet Says "History Repeats Itself".
Banks are the Blockbusters of our current age. They are screaming, flailing and doing anything they can to stay relevant but the truth is, banks are becoming completely unnecessary and redundant. I relish the thought that, one day, bankers will be on the streets with a "will hold your money for food" cardboard sign.
Its just the government's way of holding the people hostage. And if they do not have that, they can only threaten people by taking away their freedom instead of their money. And the government knows that.
I feel bad for the Lebanese guy, especially considering his emergency situation, but this is a good show of why we need to get rid of banks as soon as possible!
If this is his money in a bank account, and he needed it urgently for a hospital but the bank was unwilling to give it to him, I think his actions were understandable. It's good that nobody got hurt. I wonder, though, why it couldn't be solved differently (for example, by calling the police to the bank and complaining about the situation. Or why he couldn't transfer money from a savings account to a debit card and pay online for the hospital charges. I also wonder if charges await him, as creating a hostage situation must be a crime. Op is right that it could largely be avoided by storing BTC, but unless the hospital accepts BTC directly, there would still be a need to use a service like an ATM or an exchange to actually use the money, unfortunately.
Perhaps banks is running on fractional reserves?
In any case, yeah the man is really desperate, and when we are in a bad position (needing money to pay the hospital and they can't get out obviously if they haven't settled everything), we are forced to do something like this.
But at least this has a happy ending, negotiations went good and the man just wanted his money, that's it.
If this is his money in a bank account, and he needed it urgently for a hospital but the bank was unwilling to give it to him, I think his actions were understandable. It's good that nobody got hurt. I wonder, though, why it couldn't be solved differently (for example, by calling the police to the bank and complaining about the situation. Or why he couldn't transfer money from a savings account to a debit card and pay online for the hospital charges. I also wonder if charges await him, as creating a hostage situation must be a crime. Op is right that it could largely be avoided by storing BTC, but unless the hospital accepts BTC directly, there would still be a need to use a service like an ATM or an exchange to actually use the money, unfortunately.
It's hard if you put all your money and trust into one bank and when the time comes that you need your money the bank won't give it to you. I haven't heard of a similar story before, the actions of the bank are not okay, but it's also not okay to take matters into your own hand and take a hostage. There are rules and laws we need to follow. Taking the bank to court probably takes a long time and he might not have that time in an emergency. I have similar fears myself with the big banks in my country. Even though the government guarantees bank deposits up to 100,000 Euros, I still don't trust the system. We should learn from this story to never put all our money into a bank. I use 1 bank that has branches in my city and 3 different online banks to spread my money. One bank to save, one to do my brokerage for stock trading, one bank where I have a loan and then my main bank for every days business.
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Maybe that's why we can't withdraw all or most of the money we deposit in the bank because the bank has terms and conditions that we must follow. They argue that we must complete those conditions before getting the money we deposit in the bank.
If the amount of money is very large and we want to withdraw it in one go, the bank will suspect us and want to examine it further.
If they have bitcoins, but the hospital or other places don't accept crypto payments, we will also have a hard time because we can't use crypto to pay. This situation is very confusing, especially if we are in the same situation as that man. Hopefully, the bank can understand the emergency situation and can allow us to withdraw the money we deposited in the bank.
If the amount of money is very large and we want to withdraw it in one go, the bank will suspect us and want to examine it further.
If they have bitcoins, but the hospital or other places don't accept crypto payments, we will also have a hard time because we can't use crypto to pay. This situation is very confusing, especially if we are in the same situation as that man. Hopefully, the bank can understand the emergency situation and can allow us to withdraw the money we deposited in the bank.
Quote
The stand-off eventually ended peacefully with no injuries, after negotiators struck an agreement allowing the suspect to receive $35,000 (£29,000) of his savings upfront, LBC TV channel reported.
The guy is actually considered a rich guy in the country while he has more than $200,000 in his bank account. I guess the authority made a consideration to his situation since its for hospital bill. Not everyone can be considered by authorities especially if you are not capable of paying damages. The poor is viewed differently by police not just in Lebanon.
The people in this country as far as I know has no access to USD. Paypal or any other means is not accessible for Lebanons, that's how we make these people poor. You'd be surprise how many more countries are not allowed to access USD. No freedom for these guys. Its why some of them are grateful to have access USDT or some other stablecoin.
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
In other words, banks have a worse reputation when their customers need them. This impression is clearly verifiable as many cases have made it a deprecated service as long as people have other storage options.I don't have much savings in the bank account, it's just some for my needs when paying electricity bills or other expenses. In crypto, everyone has a bank in their own hands but they still need bank services to withdraw fiat especially when your country doesn't support crypto as legal tender.
A man in Lebanon was hailed a hero after he takes a bank a hostage. And the reason why he did that? it's because he can't withdraw his money from bank. He had a family emergency, so obviously, he needed that money for hospital bills and all his saving is in that bank. And the hostage ended after the negotiators were able to produce $35,000 (£29,000) of his savings upfront.
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
Quote
The suspect's brother told journalists: "My brother has $210,000 in the bank and wants to get just $5,500 to pay hospital bills."
https://www.bbc.com/news/world-middle-east-62514631
I don't know if I can good to that length to hostage the bank or something. But one thing is for sure, if people could just learn how to put their money on bitcoin or crypto, in which they have total control, maybe in times of need, you can just transfer some and convert it to fiat anytime you want. You don't need to be a hero.
I'm not in support of bank actions y holding his money but I feel what he did was wrong, he may still be prosecuted for holding someone as a hostage in either to get his money. I have experienced a similar situation in a bank when one of their customers did withdraw his money from ATM but the transaction wasn't successful and at the same time, he was debited, all efforts to credit back money on his account was delayed even after filling the necessary documents and the day he was told to wait passed. The next time he came to the bank, he cause a scene, he was shouting and demanded to see the manager and was ready to go one on one with the security, in less than a few minutes, the money was credited back to his account, he withdraws all his money and never used the bank again. I think that guy should have used another approach to get their attention and not on a person's life.
Not everyone will use bitcoin, it might be best to boycott these banks but it means as payment is sometimes limited by its volatility. Again, if that man is paying a hospital bill, I believe he still going to use a bank to have access to cash because banks wouldn't accept bitcoin in this case.
I despise banks and have never seen the point in keeping your money in the bank account. And with every single story like this that I get to read, I get one more confirmation that storing your savings in the bank is a big risk. Too many times in the history banks screwed their own customers up, so why help them continue doing this?
On the other hand, I partially disagree with you that savings should be stored in Bitcoin. If you are in an emergency, Bitcoin will not be there to help you unless the hospital, the doctor or the person in need accepts Bitcoin payments. Savings for emergency use better be stored in my opinion in Fiat instead, as much as I hate it.
In this case I think a person can keep some money in the bank for any emergency purpose. There they can get fiat money as needed using ATM card whose service is open 24 hours. On the other hand, I partially disagree with you that savings should be stored in Bitcoin. If you are in an emergency, Bitcoin will not be there to help you unless the hospital, the doctor or the person in need accepts Bitcoin payments. Savings for emergency use better be stored in my opinion in Fiat instead, as much as I hate it.
On the other hand, if the person is depositing most of his assets in bitcoin or crypto then I think it can be good for him. In this case, many people may be afraid of volatility, I would suggest them to convert it to stable coin or convert it to bitcoin as per the opportunity.
Even if that guy had crypto, he would have to deal with centralized crypto exchanges and KYC, in order to sell that crypto to fiat.
Dealing with a centralized crypto exchange is almost the same as having to deal with a bank. Even if he successfully sold his crypto to fiat, the fiat money would have to be wired into a bank account, that can be blocked as well. Unfortunately you can't avoid banks in the current financial system, even when you are pro-crypto. The only solution for him would have been saving a part of his money in his house.
Anyway, this guy was brave. It takes balls of steel for breaking the law, in order to save your family. I don't know if I'm capable of doing such thing.
Dealing with a centralized crypto exchange is almost the same as having to deal with a bank. Even if he successfully sold his crypto to fiat, the fiat money would have to be wired into a bank account, that can be blocked as well. Unfortunately you can't avoid banks in the current financial system, even when you are pro-crypto. The only solution for him would have been saving a part of his money in his house.
Anyway, this guy was brave. It takes balls of steel for breaking the law, in order to save your family. I don't know if I'm capable of doing such thing.
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