True, but....
the banks OWN most nations, including the uSA. Most of us are glorified slaves serving the banks.
Unless you come from Iceland, who have thrown off and jailed their oppressors.
Topic: Wake up people! Banks are not governments. They can't make things illegal! - page 2. (Read 3104 times)
June 26, 2014, 07:00:39 AM
June 26, 2014, 04:53:24 AM
Banks certainly have a country's economy under control but in the end their power is not overwhelming. They are not fully able to ban a currency, which is futhermore virtual and decentralized.
June 26, 2014, 04:04:33 AM
banks can only stop people from getting bitcoins from banks.
the bank announcement says that banks won't directly handle / offer bitcoins, burgerking whoppers, baked beans, or tamagotchi electronic pets. they will however offer you a toaster when you open an account.
this does not make whoppers, bitcoins baked beans, tamagotchi's illegal. and toasters legal.
this does not make it a criminal act for people/private businesses to personally hold, buy or sell whoppers, bitcoins baked beans, tamagotchi's
the bank announcement says that banks won't directly handle / offer bitcoins, burgerking whoppers, baked beans, or tamagotchi electronic pets. they will however offer you a toaster when you open an account.
this does not make whoppers, bitcoins baked beans, tamagotchi's illegal. and toasters legal.
this does not make it a criminal act for people/private businesses to personally hold, buy or sell whoppers, bitcoins baked beans, tamagotchi's
June 26, 2014, 03:46:29 AM
Banks are not countries. Banks are not states.
Bolivia did not ban bitcoins. Bolivia's banks did.
Nevada, New Mexico, Arizona, etc. are not warning against using bitcoins. Their banks are.
Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.
News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
Bolivia did not ban bitcoins. Bolivia's banks did.
Nevada, New Mexico, Arizona, etc. are not warning against using bitcoins. Their banks are.
Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.
News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
do you understand that those banks in bolivia are state run? which makes them defacto governments?
Can those banks write laws?
They stated that they will only use government currencies in their banks. This does not make all other things illegal in Bolivia.
June 22, 2014, 06:08:23 PM
Banks are not countries. Banks are not states.
Bolivia did not ban bitcoins. Bolivia's banks did.
Nevada, New Mexico, Arizona, etc. are not warning against using bitcoins. Their banks are.
Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.
News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
Bolivia did not ban bitcoins. Bolivia's banks did.
Nevada, New Mexico, Arizona, etc. are not warning against using bitcoins. Their banks are.
Saying that a country bans bitcoins when their main banks ban them is like saying that a country has banned Whoppers because McDonalds in that country has banned all Whopper sales in their restaurants.
News alert, banks do not transfer bitcoins. Banks do not hold bitcoins in their accounts. Banning their use in their banks is meaningless.
do you understand that those banks in bolivia are state run? which makes them defacto governments?
June 22, 2014, 05:57:03 PM
coin desk is getting worse!
They're definitely putting out click bait news titles which is irritating the sh*t out of me. But I guess that's the natural progression the larger you get.
The Shrem news article threw me this week, claiming the "Govt banned him from speaking at the conference".
In reality he simply wasn't allowed to leave NY, and he was free to speak at the conference remotely.
June 22, 2014, 02:50:46 PM
This depends to a large degree how the central bank is structured. In many parts of the world it is simply an arm of the government, a ministry or department, and not "independent" as is the case for example in the United States. If one visits the Central Bank of Bolivia website http://www.bcb.gob.bo/?q=Funciones%20del%20Banco%20Central it says:
Quote
El Banco Central es una institution del Estado
or Quote
The Central Bank is an institution of the State
So yes in some countries central banks can make things illegal. As I indicated in this thread https://bitcointalk.org/index.php?topic=658405.0;all I believe that the Bolivian Central Bank tried to ban Bitcoin but failed because they worded their resolution very poorly. 
June 22, 2014, 01:51:48 PM
You're just splitting hairs.
When a central bank's legal department recommends banning the use of bitcoins in the banks it is not splitting hairs to say that the country (Bolivia) did not ban bitcoin.
The thread's claim is "banks can't make things illegal."
June 22, 2014, 01:02:36 PM
You're just splitting hairs.
When a central bank's legal department recommends banning the use of bitcoins in the banks it is not splitting hairs to say that the country (Bolivia) did not ban bitcoin.
June 22, 2014, 12:56:25 PM
technically the banks do pay them a certain percentage.
June 22, 2014, 12:13:31 PM
In each of your examples:
company -> government -> ban
In no instance can:
company -> ban
other than within their own company.
We get it. Banks have a lot of money/influence/lobbyists, etc.
But a bank cannot ban bitcoins.
Unless a bank has the power to kidnap people and put them in a cage after a socially accepted show of "fairness" they do not have the power to make something illegal. Only governments have such power.
You're just splitting hairs. company -> government -> ban
In no instance can:
company -> ban
other than within their own company.
We get it. Banks have a lot of money/influence/lobbyists, etc.
But a bank cannot ban bitcoins.
Unless a bank has the power to kidnap people and put them in a cage after a socially accepted show of "fairness" they do not have the power to make something illegal. Only governments have such power.
June 22, 2014, 12:07:39 PM
Governments are controlled by money men. Make no mistake, banks have a huge influence on them.
Virtually all the political events, decisions can be traced back to money motives by greedy people.
Virtually all the political events, decisions can be traced back to money motives by greedy people.
June 22, 2014, 11:52:38 AM
McDonalds has as much authority to ban a Burger King product as a bank has to ban a competing currency.
I don't know what "authority" means in practice.GE can get incandescent light bulbs banned because they want to sell more CFLs. Taxi cartels can get Uber and Lyft banned. Appalachian coal mining companies can get EPA regulations that flavor their dirtier coal over the cleaner Rocky Mountain coal. Child seat manufacturers are well on their way to getting driving banned if any child under 30 years old isn't sitting in one of their products. Monsanto can get seed lines that aren't Roundup Ready banned.
Do any of these companies have the authority to do this?
All that matters is whether they succeed or fail in getting what they want, and they succeed fairly often.
In each of your examples:
company -> government -> ban
In no instance can:
company -> ban
other than within their own company.
We get it. Banks have a lot of money/influence/lobbyists, etc.
But a bank cannot ban bitcoins.
Unless a bank has the power to kidnap people and put them in a cage after a socially accepted show of "fairness" they do not have the power to make something illegal. Only governments have such power.
June 22, 2014, 04:47:41 AM
McDonalds has as much authority to ban a Burger King product as a bank has to ban a competing currency.
I don't know what "authority" means in practice.GE can get incandescent light bulbs banned because they want to sell more CFLs. Taxi cartels can get Uber and Lyft banned. Appalachian coal mining companies can get EPA regulations that flavor their dirtier coal over the cleaner Rocky Mountain coal. Child seat manufacturers are well on their way to getting driving banned if any child under 30 years old isn't sitting in one of their products. Monsanto can get seed lines that aren't Roundup Ready banned.
Do any of these companies have the authority to do this?
All that matters is whether they succeed or fail in getting what they want, and they succeed fairly often.
June 22, 2014, 04:30:37 AM
put simply banks are banning their bank branches from handling out bitcoins.. just like banks wont hand out baked beans directly.
this does not stop individuals or private businesses from using bitcoins.... or baked beans
banks are simply contracted to only touch fiat. (this has never changed, and is just a reminder)
summary:
you will not find a baked bean or a bitcoin inside your bank account balance or credit card statement.
yes，the announcement can't stop people from using BTC. But it effects the distributin and application of BTC. First. People who don't really understand what btc is get scared about BTC and get away with it. people heard the bad news and are convinced. Second. Banks ban all the transactions related BTC. If people who hold BTC is not easy to change to fiat through the domestic exchange.Even they can, how can they withdraw the fiat through bank? this does not stop individuals or private businesses from using bitcoins.... or baked beans
banks are simply contracted to only touch fiat. (this has never changed, and is just a reminder)
summary:
you will not find a baked bean or a bitcoin inside your bank account balance or credit card statement.
June 21, 2014, 10:26:21 PM
The fed is a bank and with enough monetary influence on the US government they can buy whatever law they want practically.
June 21, 2014, 10:22:50 PM
As long as people have belief in their printed money, banks can print money and purchase everything including the governmet
June 21, 2014, 04:48:21 PM
The power of FUD strikes again with this. Half of the time the banks or governments haven't even 'banned' bitcoin but people panic like they have. Misinformation spreads fear all too easily.
June 21, 2014, 03:51:34 PM
Unfortunately to many people the articles may as well read that the country itself banned Bitcoin.
What we really need is to counter those articles with articles which show how irrelevant the first article was
What we really need is to counter those articles with articles which show how irrelevant the first article was
June 21, 2014, 03:33:50 PM
Pretty sure McDonald's doesn't have the authority to ban a Burger King product
McDonalds has as much authority to ban a Burger King product as a bank has to ban a competing currency.
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