Topic: My bank account's got robbed by European Commission. Over 700k is lost. - page 34. (Read 408474 times)
September 11, 2013, 09:19:17 AM
I haven't read all of the posts in this thread (yet), did the OP get any money back?
September 11, 2013, 02:38:36 AM
This is why Bitcoin will take over the world. Good money drives out bad.
I'm pretty sure you have that backwards:
http://en.wikipedia.org/wiki/Gresham's_law
Gresham's law is a lie
WRT Bitcoin, I agree. Bitcoin's divisibility fixes the precious metal problem of divisibility. Since they are not easy to transact with without trustworthy mints creating appropriately valued coins, gold and silver are horded out of circulation. Also, as Foxpup kindly pointed out, Gresham's law applies only when the law fixes the exchange rate artificially low, as we see with silver "quarters", etc.
Gresham's Law states that "bad money drive out good when the exchange rate is fixed by law". When the exchange rate is allowed to float (as is the case with Bitcoin), bad money simply drops in value relative to good money, encouraging people to use good money.
September 11, 2013, 02:32:05 AM
Zeroday since your from Cyprus and your account was robbed by Laike Bank I would like to hear your opinion on Neo @ Bee for Cypriots.
Seems like an interesting development and a great place to start bitcoin adoption.
Just some background info
Neo offers Cypriot residents depository and financial services. Customers can open demand deposit, savings, business, and merchant accounts. Though all customer deposits are held in full reserve in Bitcoin, many customers will use Euro-pegged accounts, allowing them to interact with their money like they would with Euro deposits at any traditional bank. Accounts will also be available that offer full exposure to the Bitcoin price level. Regardless of which currency they bank in primarily, all customers can seamlessly deposit, withdraw, or transfer either Bitcoin or Euros. Neo simplifies Bitcoin usage, to enable simple, easy transfers without requiring understanding of the complex technology. Neo will comply with all applicable financial and banking laws and regulations. The Flagship Branch and second branch are both planned to open in February 2014.
https://bitcointalksearch.org/topic/ipvo-multiple-exchanges-neo-bee-lmb-holdings-289730
Seems like an interesting development and a great place to start bitcoin adoption.
Just some background info
Neo offers Cypriot residents depository and financial services. Customers can open demand deposit, savings, business, and merchant accounts. Though all customer deposits are held in full reserve in Bitcoin, many customers will use Euro-pegged accounts, allowing them to interact with their money like they would with Euro deposits at any traditional bank. Accounts will also be available that offer full exposure to the Bitcoin price level. Regardless of which currency they bank in primarily, all customers can seamlessly deposit, withdraw, or transfer either Bitcoin or Euros. Neo simplifies Bitcoin usage, to enable simple, easy transfers without requiring understanding of the complex technology. Neo will comply with all applicable financial and banking laws and regulations. The Flagship Branch and second branch are both planned to open in February 2014.
https://bitcointalksearch.org/topic/ipvo-multiple-exchanges-neo-bee-lmb-holdings-289730
September 08, 2013, 06:01:00 PM
In hindsight, yes, things were clear, but not at the time.
We are dealing with two extremes here: freedom and authoritarianism. Whether the authoritarianism is socialism, communism, fascism, corporatism, dictatorships, or some other -ism, they are all cut from the same cloth: power-hungry people seizing the reins of a government by some method (elections, perverting the governing documents of the country, guns or whatever) and then attempting to control everyone else through force and deceit.
The fight isn't between the left and the right, but the free and the ones who want to control and enslave them by hook or by crook.
The sooner people realize the fight is between being free or not - and that includes attempting to use the government to live at the expense of someone else through getting something for "free" (free to them, someone is always paying), the better.
One hopes that Bitcoin will help to make it clear that what you earn belongs to you, not someone else merely because they want it.
We are dealing with two extremes here: freedom and authoritarianism. Whether the authoritarianism is socialism, communism, fascism, corporatism, dictatorships, or some other -ism, they are all cut from the same cloth: power-hungry people seizing the reins of a government by some method (elections, perverting the governing documents of the country, guns or whatever) and then attempting to control everyone else through force and deceit.
The fight isn't between the left and the right, but the free and the ones who want to control and enslave them by hook or by crook.
The sooner people realize the fight is between being free or not - and that includes attempting to use the government to live at the expense of someone else through getting something for "free" (free to them, someone is always paying), the better.
One hopes that Bitcoin will help to make it clear that what you earn belongs to you, not someone else merely because they want it.
During fascism most things were clear as crystal, you knew exactly who was fucking you and why.
Now we have pretty much no idea most of the time.
Now we have pretty much no idea most of the time.
September 08, 2013, 05:48:55 PM
During fascism most things were clear as crystal, you knew exactly who was fucking you and why.
Now we have pretty much no idea most of the time.
Now we have pretty much no idea most of the time.
You're thinking of 2nd half 20th century retrospective analysis, not what was happening at the time. The fascist governments of the first half of the 20th century went through a progression of population treatment that began manipulatively, with the average person believing the propaganda. And even at it's height, the elite used deceit to maintain the support of the public: the German people weren't evil, they believed they were fighting it, by all means necessary. I'm not saying that we're going that way, I would seriously doubt that the current ruling class would recreate such an obvious reflection of history that is still remembered by those that survived. But fascism isn't defined by cackling megalomaniacs with serious looking uniforms and scowling faces. It's a totalitarian management of human behaviour, not a comic book military dictatorship. And it takes many forms, robbing the poor to maintain the rich (and telling lies about it) is just another form.
September 08, 2013, 04:40:34 PM
"fascism" is the word you're looking for.
Well, fascism was some sort of right-wing socialism, so yes it's definitely related.But still is much different from the actual situation.
We have a delicate balance between trying to fuck us as much as possible, and trying to not fuck us so much that they won't be able to fuck us any more in the immediate future.
Fascism wasn't so fine-tuned, wasn't so shady, wasn't so ambiguos.
Now they have to pretend we have freedom, and this implies we actually do have some freedom (though obviously nowhere near as much as they pretend to).
During fascism most things were clear as crystal, you knew exactly who was fucking you and why.
Now we have pretty much no idea most of the time.
Very different.
It's like an evil corporativism pretending to be partially capitalistic partially socialistic, basically getting the worst of both worlds.
September 08, 2013, 02:35:02 PM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
but if I think about it a bit more, I easily notice that left-wing people call it capitalistic, right-wing people call it socialistic, I guess it's just a colorless dictatorship.
"fascism" is the word you're looking for.
September 08, 2013, 01:45:07 PM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
but if I think about it a bit more, I easily notice that left-wing people call it capitalistic, right-wing people call it socialistic, I guess it's just a colorless dictatorship.
September 04, 2013, 03:48:03 PM
Wow that is really amazing stuff. Really, 700 k lost?
Pretty crazy. It amazed me that something like this could happen.
Yes, and it shows the "solutions" that people in power will come to when pressed. Now take a look at the debt obligations of major Western nations and work out how that might be ultimately resolved. Default, inflation, and wealth-grabs are the only real long-term ways out. Personally, I think it'll be mostly #2 (with some underhanded #3 thrown in), but oddly quite possibly preceded by another ugly *de*flationary dislocation. It's a mess. Guard your money.
September 04, 2013, 03:22:50 PM
This wouldn't have happened if you Cyprus people paid your taxes.
Probably would, the problem for Cyprus was that they had a very large banking sector compared to a very small normal economy, so when the banking sector made a bunch of bad bets there weren't enough regular taxpayers to bail them out.
Blaming it all on Merkel or the EU Commission is dumb and lets the people and systems actually responsible for losing the OP's money off the hook, but we've covered this up-thread.
Getting in over your head can happen to anyone. Even entire countries.
September 03, 2013, 02:48:07 PM
If something, than UESR (The Union of European Socialistic Republics), EUSSR is some bullshit.
September 02, 2013, 11:15:46 PM
September 02, 2013, 07:20:32 PM
This wouldn't have happened if you Cyprus people paid your taxes.
Probably would, the problem for Cyprus was that they had a very large banking sector compared to a very small normal economy, so when the banking sector made a bunch of bad bets there weren't enough regular taxpayers to bail them out.
Blaming it all on Merkel or the EU Commission is dumb and lets the people and systems actually responsible for losing the OP's money off the hook, but we've covered this up-thread.
September 02, 2013, 11:57:38 AM
This wouldn't have happened if you Cyprus people paid your taxes.
Pray tell, what is the logic that lead you to this idea?
September 02, 2013, 11:19:00 AM
TAXES ARE ROBBERY
September 02, 2013, 11:12:26 AM
This wouldn't have happened if you Cyprus people paid your taxes.
September 02, 2013, 11:10:04 AM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
Lol capitalistic? Don't make me laugh! Europe is one of the most socialistic places in the world. Especially the north west.
which happens to also be the wealthiest part of europe
Are you blind or? *Of course* it was not socalistic at first, that's why it became rich. But now it is going to shit hole so fast they have already surpassed us here. We got system-restart in 90s, true, but only warm restart, that's why socialistic tendencies came back relatively quickly. But it's sad how fast former fortresses of freedom like UK or USA became police states.
Anway, socialism can go on only that long for how long they have (stolen) welfare to pay the whole thing.
September 02, 2013, 10:06:03 AM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
To quote Max Keiser: capitalism for the poor, socialism for the rich.
September 02, 2013, 09:52:20 AM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
Lol capitalistic? Don't make me laugh! Europe is one of the most socialistic places in the world. Especially the north west.
which happens to also be the wealthiest part of europe
September 02, 2013, 09:15:33 AM
Ever heard about dictatory regimes? Now it does not matter if it is one person, a group or whole party who dictates.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
So, robbing people of their possesions for whatever reason is one of the signs of dictatory regime. There are many other sings because of which we already know how fascistic the ESU (European Socialistic Union) is. So how really, how could you just be amazed? It was obvious this will happen, sooner or later. Other things will come as well, that is just sure.
the EU socialistic ? interesting assumption. but completly off.
neo-liberal banks/insurance/financial molochs rule. a private bank can get money from the ezb for less then 1% interest. an entire country/economy/society like the portugiese or spain have to pay up to 10 x as much interest. socialistic ? to let the small people pay what the big guys squander for their yachts is not socialistic. smells pretty capitalistic...
Lol capitalistic? Don't make me laugh! Europe is one of the most socialistic places in the world. Especially the north west.
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