The FUD Storm. And so it begins... | Bitcointalksearch.org

securityguy

newbie

Activity: 35

Merit: 0

Quote from: Lauda on March 05, 2014, 03:24:24 PM

Step 1: Open the Bitcoin Bank.
Step 2: Open account for yourself.

Problem solved?

That also does not work as a bank requires clearing and settlement, and upstream banks which has this ability are few and are tightly controlled by the countries central bank. So its possible to incorporate a bank but it is useless if the upstream channels refuse to service you.

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: Armis on March 05, 2014, 05:04:36 PM

Quote from: S4VV4S on March 05, 2014, 03:48:06 PM

Where I live I can buy grocery using Bitcoins.

So who needs banks?

Let them close my account.
Their loss, not mine Wink

If your grocery is told to remove btc as a payment option, or risk account closure, what do you think they will do?

You're at the end of the food chain, there are very many points until your food gets into your grocery bag.

Then I will start my own SilkRoad Tongue

01BTC10

vip

Activity: 756

Merit: 503

I had some problems with RBC and Moneybookers but could resume my activity after telling them it was not online gambling related. I do Bitcoin transactions via Virtex and they did not contact me yet. Worst case scenario, Virtex has a debit card that I can refill directly from their market.

Lethn

legendary

Activity: 1540

Merit: 1000

When I get enough coins to sell I'll let you guys know how the co-operative Bank act regarding Bitcoin because I'm with them, I'd be very surprised if they did anything but if they do I'll probably have to make an offshore account.

Armis

hero member

Activity: 588

Merit: 501

Quote from: S4VV4S on March 05, 2014, 03:48:06 PM

Where I live I can buy grocery using Bitcoins.

So who needs banks?

Let them close my account.
Their loss, not mine Wink

If your grocery is told to remove btc as a payment option, or risk account closure, what do you think they will do?

You're at the end of the food chain, there are very many points until your food gets into your grocery bag.

crypto33

member

Activity: 112

Merit: 10

FUD is starting to impact the market less and less as time goes on. When silk road went down price dropped like mad. Mt Gox collapsing has lowered the price but we are still holding strong at a good price at the moment. Lets get back on track!

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: Blinken on March 05, 2014, 03:12:56 PM

Recent news from various members, like the guy who just had his RBC account closed for bitcoin use, indicate that the FUD storm, the bitcoin witch hunt, is beginning.

In the U.S. this account shutdown policy has been going on fitfully since last spring, but now we can plan on a global blacklisting of bitcoin users. The banks are going to start training their clerks how to recognize bitcoin activity and shut the accounts down promptly. Wire money to an exchange to buy bitcoins and your account will be closed.

The banks have at last figured out the existential threat that digital currency poses to them and they are going to react according.

I look forward to winning this war and gloating over their FUD-spewing bodies.

I look forward to winning this war without having to fight so much.
Last year was much more fun. Cheesy

cdog

hero member

Activity: 1036

Merit: 500

Honestly anyone who had their bank account closed was done a huge favor, especially if they have significant funds in there.,

S4VV4S

hero member

Activity: 1582

Merit: 502

Where I live I can buy grocery using Bitcoins.

So who needs banks?

Let them close my account.
Their loss, not mine Wink

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Step 1: Open the Bitcoin Bank.
Step 2: Open account for yourself.

Problem solved?

Blinken

sr. member

Activity: 338

Merit: 253

Recent news from various members, like the guy who just had his RBC account closed for bitcoin use, indicate that the FUD storm, the bitcoin witch hunt, is beginning.

In the U.S. this account shutdown policy has been going on fitfully since last spring, but now we can plan on a global blacklisting of bitcoin users. The banks are going to start training their clerks how to recognize bitcoin activity and shut the accounts down promptly. Wire money to an exchange to buy bitcoins and your account will be closed.

The banks have at last figured out the existential threat that digital currency poses to them and they are going to react according.

I look forward to winning this war and gloating over their FUD-spewing bodies.

Topic: The FUD Storm. And so it begins... (Read 1181 times)