Topic: Do you want to be a hero? (maybe not) - page 3. (Read 559 times)
I wouldn't necessarily classify taking hostages as heroic. I get why he did it, and I can't blame him, but that really wouldn't be heroic as he caused more problems for him and his family than previously. Something in the story doesn't add up. His brother says he just needed 5.500$, but he ended up ''walking away'' with 35k? Nevertheless, in most of the world, at least for us regular customers, you can't really come into the bank, ask for any amount of money and expect them to just hand it over, they simply don't have that on them. The banking system has, (some time ago), moved away from having the exact amount deposited on hand, and have transferred into numbers on paper or a screen. We all know that and complyed with that when we decide to do business with the bank, I think it's even in their terms of the agreement. Those that make it ok? No, but we still do business with banks. What needs to be asked is what kind of hospital was not willing to wait one day (as it usually takes that much for the bank to get the money) that it was needed to take hostages for the money to be there that day? STrange.
How can you mention crypto will have full of control? are you forget there's many news CEO freeze their coins even it's on non custodial wallet. Put your money on cryptos or centralized exchanges are similar you like put it on banks, there's nothing of full control.
Also you're not completely correct, even they already invest all his money on Bitcoin, when you're convert your money to Bitcoin, you still need a bank to withdraw your money. Which third party you will use to get your money then? you need the money ASAP, if you're using gift card, it's slow.
Also you're not completely correct, even they already invest all his money on Bitcoin, when you're convert your money to Bitcoin, you still need a bank to withdraw your money. Which third party you will use to get your money then? you need the money ASAP, if you're using gift card, it's slow.
I despise banks and have never seen the point in keeping your money in the bank account.
What I don't see the point is to have a lot of money, like millions, and have it all in cash. In your house, no matter how safe you think it is, it can be stolen, or there can be a fire and it can burn.
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?
What I don't quite understand about the story is why I couldn't pay the hospital bill by credit or debit card, bank transfer or check. Normally when restrictions like that have been put in place as happened in Cyprus around 2013, the restrictions are on cash, but you can still pay by other means.
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.
Putting ones savings into bitcoin? One of the biggest deterrent of this is the volatility of Bitcoin. Bitcoin is highly speculative; someone can have $1000 worth of Bitcoin today which that reduces to $600 in a couple of weeks.
An emergency can come up at any time, and if it occurs during a down market, the person may not be able to get the complete funds to save the situation.
Secondly, the bank is still a factor here as the person would need to convert back to fiat.
If the bank can withhold savings which have been there for a while, they can definitely delay an incoming transaction and restrict the user from cashing it out.
Advising people to put their money in "Bitcoin or crypto" could lead many to shitcoins; a large amount of altcoins are not worth investing in.
In the same scene a bank in China, they won't allow the owners to withdraw their money. But in China, rules are tougher and their citizens can't do shit with them, or else, a big consequence that they'll regret forever will be faced.
Banks usually won't allow their customers to withdraw if there's an economic downturn that they're facing. And with Lebanon, AFAIK, they've been facing a heavy blow on their economy for a few years now.
Banks usually won't allow their customers to withdraw if there's an economic downturn that they're facing. And with Lebanon, AFAIK, they've been facing a heavy blow on their economy for a few years now.
he can't withdraw his money from bank
this is one of the questionable request that should be laid on banks requesting why? because many had gone through lots of difficulties in the process of bank restrictions to one's finances, bitcoin is a good opportunity that take away this embargo for real, which has lifted many from the trap and dungeons of centralized system of hostages, with bitcoin there's freedom ones you know how to remain truly decentralized by staying away from centralized exchanges which share similarities in bank especially with KYC related issues.
I don't know if I can good to that length to hostage the bank or something
better you stay off their banking system because yours can be different case entirely, once you don't fully depends on banks with your finances then overlooked all their downfalls and embrace bitcoin.
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.
preferably bitcoin and not other cryptocurrencies, then the solution is easy and simple, p2p.
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.
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Regards,
PrivacyG
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.
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Regards,
PrivacyG
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".
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