Topic: Nice job Justin! (Read 316 times)

Older generations were more skeptical about centralized institutions like banks, for example it is not rare to find that those that are older store most of their money in their homes, and while some see this as a risk, as long as you do not advertise this to anyone then no one is going to know about it and in the case of a crisis or a bank run you are always going to have access to your cash, while at the same time the government cannot block you from using your cash, so it seems the new generations will have to learn this lesson the hard way and be reminded why they cannot trust in banks at all.

I do not think that banks have that much importance for our lives as cars, internet or smartphones because there are many alternatives of banking system and majority of people are working without relying on banks but the other three are used by almost all of the people. We cannot resemble these three with banks.
With the current decision of Canadian government not only the victims will lose trust on banks but other people will also worry and will find other alternatives which maybe crypto for them.

It's disgusting but that's how it really is. If you don't have it on hand, you don't own it. That's why I found those people buying gold certificates a bit ridiculous. If I have that much money to buy gold, I'd probably just buy a safe too and keep it at home. Once given away, there's no guarantee that things - or rights, will be given back.

It is not that surprising, in the eyes of the bank it is their money and not yours, I know it does no makes sense but since the bank is the entity with all the power they can do whatever  they want and you as the client needs to take it, this is why even if I do have a bank account, as it is almost impossible in these days to live without one, I only have a very small amount of money in it, that way if the day comes this happens to me my losses will be negligible.

BTW, I'd like to add that it looks like they are indeed worried that people would just outright take their money out after Turdeau's antics. This guy couldn't withdraw money from his HSBC account and was being asked for a "valid" reason on why he's taking out HIS money. The only explanation they can give later was some anti-money laundering BS.

https://www.offthegridnews.com/financial/bank-blocks-customers-from-withdrawing-cash/

How can a country's Government intervene in the assets of its citizens just because they have different opinions about the necessity of vaccination? These are the kinds of things that cryptocurrencies are trying to destroy, a decentralized financial system where no one person can interfere with anyone's assets.

While it is true that governments and banks always had the power to do something like this, now it is even more obvious, any disagreement that you have with the banks and the government can mean that your bank and social media accounts will be blocked, it will not be long until the day comes in which they will also cancel your access to services like electricity as well because you are a threat to them, and it is precisely because of this that it is important that something like bitcoin exists.

What people are missing on all of these talks is that Justin and the government sees this as justified because these are criminals on their mind. You may agree or disagree with that, that's fine but you are still considering like they are confiscating money of the fair and regular citizens which they shouldn't. They are not doing that, according to them they are trying to stop a criminal organization. Think of it like mafia, for them it is like they are fighting against a mafia. Sure it may not be like that for you, but it is for them.

These are "people who are going against the laws of a nation and endangering both themselves and others and causing death" according to the government. Like I said, you may disagree on the view, but you have to understand that if a government sees a group like that, then they will confiscate all the money and the freedom of those people because they are dangerous people according to them.

Oh actually thanks to Justin, he just made everyone aware that banking systems are forceful organisations who could out run your part of money when situation like this come underway. This is so bad, I mean they literally did not even think about it for one minute before freezing the accounts. I’m sure this gonna turn the whole user into crypto enthusiasts. That’s just one good thing about this awful story. May be everything happened for good. I just hope they will get back the accounts and will get into crypto sooner or later. Lolz

The Canadian government is also looking into crypto which started tightening when they saw funds sent to the Truckers so banks connected to accounts that were discovered connected to Truckers funds were looked into. They are aware of crypto which is why they have frozen some of the accounts but this is just what I've heard on youtube influencers.

It's the Canadians that will have to adopt BTC knowing that it's going to be a wild ride for them if they stood up against government mandates. Anarchy would be worse. This could also happen to other countries like France which recently also have street protests.

I would say that everything comes with pros and cons. By online banking, we are able to comfortable store our money on bank account and withdraw cash anytime we wish, so we don't have to store all the money at house, pay comfortably and avoid issues, send & receive money in seconds. But it has the evil side: We aren't really insured and if a bank or the government wish, they can do whatever they want and shock the population. They can freeze our accounts, they can limit withdrawals as that happened in Greece.
Is crypto an alternative? Sure, but people aren't ready to use crypto as an alternative that will be a great escape. The majority of people think that they'll move on crypto and use crypto exchanges but that's not an alternative, that's like getting eaten by shark instead of lion, does that matter? Anyway, you are eaten alive.

Crypto would be an alternative if people use offline wallets to store their money instead of traditional centralized crypto exchanges. That's very risky too cause you can't predict the price but at least no one can steal a thing from you.
I don't believe bitcoin will experience this kind of support because people trust banks, seeing posts on this forum can't help you to make the right conclusion because there is a different picture on this forum compared to real life.

Every day I start to think that Anarchy can be a better alternative because the governments suck very much but then I realize that people always form social bonds and then the government or similar structure is formed again.

He's showing just who he is. But the reality is that he's the one in the position and that won't change the matter. It's only going to take long while he's acting like the selfish person.

Most of them are only for their own, no matter what the situation is, the very first that they have to worry is themselves and not with the people. Well, this is the reality that we can see for most of the countries although a few would be spared from this attitude and decisions.

This one should really bare up in mind that government is the tip top of the chain on which they could really made out actions which neither be that dumb ass or simply those ethical ones depending

on what they've been currently seeing.If they do saw that it do totally opposes their interest then expect that they would do such bullshit but if they do see some benefit then they would definitely
do the opposite.
This clearly proves out about that certain risks on which people been aware off.

I have seen they're also currently hurting peaceful protesters by using tear gas which is very bad.
They have indeed tarnished the trust they had in them.
This is the best time to embrace the future... BITCOIN.
Buy Bitcoin and watch all of your finance grow.

Because its their money they just gave us the promise but there is a fact" Promises are made to be broken", maybe this is the beginning for Canadians and understand why decentralized currency is better than paper bills issued by government and also government is helping the cryptocurrency adoption in the hardway.

They'll definitely lock up their banks if people starts withdrawing their money altogether because banks don't have enough to be able to do that, it's definitely a bad situation for Canada but given the current situation is in the country, it's difficult to sympathize with the country as their government is the antagonist of their own people.

There are people that depends too much on bank's but there are also people that can still live peacefully without a bank. Cryptos have that disadvantage you mentioned about but let's not forget that cryptos do also have an advantage and most importantly they are not tied to banks so no bank restriction that's going to happen.

This main functionality of crypto is very much needed now in the on going issue with banks and governments in Canada. I cannot believe how the issue in that country grows and spread like a wildfire because we thought it is just a simple issue that can be resolve immediately but I guess no. Let see how far this things go.

what he is doing is increasingly making people distrust the centralized system. just see with just a few statements, people can be restricted from their funds. the way they handle the problem is very bad. I wouldn't be surprised if in the future Canadians prefer bitcoin, and other cryptos that are more privacy-friendly. suspend bank accounts, and suspend their insurance. This includes violations. government cannot be arbitrary. This is not solving the problem, it will only create new problems and create another wave of demonstrators.

You are absolutely right, the system is set up in such a way that most people depend on it to such an extent that they have to obey it completely if they want to survive. If you do a legal job then you have to have a bank account to be able to receive a salary, and even if you receive a salary in Bitcoin you have to find a way to convert it to fiat so you can pay the bills and buy food.

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This is the last option, but if nothing else, the authorities will have no choice but to destroy the protests by force. The only reason they don't do this is that in that case, they know they are losing in the next election, but also because they know that the strength of the protesters is in the numbers and that they are determined in what they do. As far as I can see from the Canadian and US media, they are now trying to influence the protesters in the media by showing data that says that most Canadians are against the protesters.

     You cannot underestimate a leader having such childish mindset. Seeing his actions, you can understand that this guy has too little to no control over his emotions. I can only imagine to what extent this kind of leader can go to just to satisfy his ego and fck with the ones opposing him. This is not just a matter of exchanges because he is complete capable of restricting freedom of his countrymen. I don't really understand what purpose his political party and advisers are.


     I know right? These politicians spit flowers from their mouths when campaigning for their desired positions but when they get to sit on their offices after being supported by the people, they don't do their jobs well. Damn bastards. - now while I hope this crypto optimism that most of us have really does give us our freedom back, I think it'll be quite hard and if possible, would be taking a very long time. But even with that, the chances are still pretty slim.