[POLL] Bitcoin is just like as a Swiss Bank Acc for holding black money ??

Herbert2020

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Quote from: ammy009 on June 18, 2015, 04:01:25 AM

what are you thinking Huh

bitcoin is a great way of storing part of your money in to be independent of the banking system but i won't call it a place for holding black money.

because you can see a lot of people using bitcoin and not even thinking about doing anything black!

or illegal , and if the minority of people used it that way it doesn't make it so.

MF Doom

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Quote from: notlist3d on July 21, 2015, 04:15:09 AM

I think it depends on your intentions. If your intentions is to hide money yes it could be considered to be like a Swiss bank.

As far as being anonymous BTC is better in my mind at this point. Swiss accounts are not what they once were.

I think most reasons for a swiss account are possibly unethical. Bitcoin has good uses aswell.

So they could be the same just depends on your use.

People can hide money lots of different ways, cash, precious metals, put it into diamonds, etc. I dont like how the media makes btc out to be some sort of thing used primarily by criminals to hide money. If anything it a lot riskier to use btc to hide "black money" becasue some researchers have proven there are ways to track btc/wallets.

Hopalong

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Quote from: Beliathon on June 21, 2015, 09:17:54 AM

Quote from: ammy009 on June 18, 2015, 04:01:25 AM

what are you thinking Huh

Swiss bank accounts are only for the rich and powerful, generally have $10,000 minimum, and you need to be able to afford to fly out to Switzerland every so often.
Bitcoin will do much more to raise up the poor of the world than people like I've described above.

How do you raise up the poor with another currency only distributed among the rich?

notlist3d

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I think it depends on your intentions. If your intentions is to hide money yes it could be considered to be like a Swiss bank.

As far as being anonymous BTC is better in my mind at this point. Swiss accounts are not what they once were.

I think most reasons for a swiss account are possibly unethical. Bitcoin has good uses aswell.

So they could be the same just depends on your use.

pooya87

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well, bitcoin is nothing like a bank account , when you have your money in bitcoin it truly is in your control not in anybody else's hands. while money in the bank can be controlled by the government , exactly like what is currently happening in Greece.

and as for security , bitcoin wallet can be as secure as a bank vault and created in a way that nobody can crack it open. so in case of security i think they can be the same since for securing bitcoin you have to rely on your own the level of security is going to differ person to person.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Bitcoins are here to destroy banks and banking systems, at least that's what's IMHO...
So, it's truly unfair to compare Bitcoins with banks in any case...

aso118

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★Nitrogensports.eu★

Dollars in a Swiss account also tend to lose value over time.
Bitcoin doesn't.

Even in a Swiss bank, some disgruntled employee could steal your account details and make them public.
Not so with Bitcoin.

ltcifc

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No, its not

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: ammy009 on June 18, 2015, 04:01:25 AM

what are you thinking Huh

Swiss bank accounts are only for the rich and powerful, generally have $10,000 minimum, and you need to be able to afford to fly out to Switzerland every so often.
Bitcoin will do much more to raise up the poor of the world than people like I've described above.

ammy009

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Quote from: Anirban Sarkar on June 21, 2015, 08:58:56 AM

Not at all...!! bitcoin is legal

Bitcoin is legal .... it's 100% true ....

Anirban Sarkar

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Not at all...!! bitcoin is legal

twister

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Absolutely not, I voted for the 5th option, it's just a decentralized currency giving people a simple secure way of keeping their own money without having to rely on banking system who charge people to do just that. I just sent some money to someone sitting 1000s of miles away without the help of anybody and it only cost me less than 5 cents.

Possum577

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Loose lips sink sigs!

What does color have to do with this?

These options are necessarily mutually exclusive and collectively exhaustive, I voted for less secure. Obviously a lot of people voted for BTC is decentralized and different, which is probably the most accurate answer. The thing about banks is that if there's fraud that goes on at the bank one can get their money back. If there's fraud at Mt Gox or some other institution anyone who has the wallet with them is f**ked.

redsn0w

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#Free market

No it is not , in my opinion bitcoin is more than a swiss banc acc used for holding 'black money'. Btc is not only money, it is a concept - idea to transfer value from point-A to point-B with the simple way in the world; but if you think it is only a way for store and hide money,you are free to think this thing.

trafficolaa

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I voted for last option bitcoin is more secured than Swiss Bank account because it is decentralized most advanced crypto currency with unique privacy option and has less chance to be traced compared to current banking system, bitcoin is the future of crypto currency so that is better option to keep safe your money with privacy and freedom.

okae

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northern exposure

my vote is for the last option, i love the way that we can control everything related to our money BTC, not like the fiat money with all those expensives taxes+fee who manage "someone", also BTC is not printed like "magic" Wink

unamis76

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2nd and fifth option. I voted the second. Bitcoin is obviously more secure than any offering a bank can have. But the same applied for "white" money. It's not because it's black that it's going to be more secure...

When customer data is leaking out of swiss banks, Bitcoin is obviously more secure, no question about that. It's also a much better and much different option to conventional banking.

hayabusa911

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Last one! Why do people have to demonize BTC just because there are people out there that take advantage of the "anonymity"?
Yes, you can buy Cocaine with them but you can also buy MANY other things that are legal. I'm trying to get the company I work for to except them but the owner seems to think he would end up in jail...It's the media attention from the black markets. BTC is not "black money" but is sure seems that it has a dark future.

BeGoods

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Quote from: Dire on June 18, 2015, 04:11:30 AM

The Swiss banks do actually know the names of the account holders - contrary to popular belief - it just shows a number on the bank transactions instead of a name is all.

Bitcoin is actually a pretty poor anonymous currency as the ledger and transactions can be followed and many times the end point will show who the user is.

I think you mean 'Dash' or 'Monero' for super-secret criminal money.

This can never happen unless you publicly disclose your identity and bitcoin address

bitnanigans

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Bitcoin can be used for anything, good or bad. Same with fiat. Bitcoin is not responsible for what the users choose to do with it.

Topic: [POLL] Bitcoin is just like as a Swiss Bank Acc for holding black money ?? (Read 1478 times)