Wake up people! Banks are not governments. They can't make things illegal! - page 4.

thecoindoctor

newbie

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Quote from: Elwar on June 20, 2014, 12:25:07 PM

Banks are not countries. Banks are not states.

Bolivia did not ban bitcoins. Bolivia's banks did.

Nevada, New Mexico, Arizona, etc. Â 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.

Before mentioning things like this, please post facts first.

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: S4VV4S on June 20, 2014, 12:47:24 PM

No, banks are not countries, banks are the controllers of ANY country's economy.

I do not understand what your statement is but Bitcoins can also be controlled by banks.
They have the means to print the shit paper we call "money'.
So yeah banks can do pretty much whatever they want even with Bitcoin because as we have witnessed Bitcoin is controlled by the one who has the biggest hashrate.

Bitcoin experts please prove me wrong....
(and I truly do mean it)

we see your point, we know that side of government exists.

but if you actually read the BCB (bolivian central bank) anouncement. not coindesks interpretation of panamposts article.
not panamposts article's interpretation of the banks notification.

but if you read the actualy BCB announcement you will see that it mentions that bitcoins are an investment risk (standard investment warning every country has) and that it says that financial institutions are reccommended to not directly touch bitcoin and stick with FIAT.

this is the same as what every other country has said.

its just that people then put their own opinions to this, such as the point your making. and doing a 1+1=3. (invisible 1(your opinion)

bitcoin is maths so im sticking with 1+1=2. so if you can prove 1+1=3 and show me in the announcement or in actual law that the "invisible 1" is actually active and involved. then your point can be used in this scenario.

so show me the act (bank policy), show me the law (governement rule) before allowing this fud to spread further

S4VV4S

hero member

Activity: 1582

Merit: 502

Quote from: Elwar on June 20, 2014, 12:25:07 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.

No, banks are not countries, banks are the controllers of ANY country's economy.

I do not understand what your statement is but Bitcoins can also be controlled by banks.
They have the means to print the shit paper we call "money'.
So yeah banks can do pretty much whatever they want even with Bitcoin because as we have witnessed Bitcoin is controlled by the one who has the biggest hashrate.

Bitcoin experts please prove me wrong....
(and I truly do mean it)

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: LiteCoinGuy on June 20, 2014, 12:33:05 PM

yep you are right but i guess some more mainstream media will write that bolivia banned btc...

and even if they banned it: who the hell cares? its fucking BOLIVIA! 3. world country... (sry)

thats why we are trying to stamp down on coindesks stupid and unresearched 'opinion' (like many other stories they write) before mainstream reads it and thinks it is true. hopefully mainstream media will do the research like we have.

coin desk is getting worse!

LiteCoinGuy

legendary

Activity: 1148

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In Satoshi I Trust

yep you are right but i guess some more mainstream media will write that bolivia banned btc...

and even if they banned it: who the hell cares? its fucking BOLIVIA! 3. world country... (sry)

tntdgcr

full member

Activity: 219

Merit: 100

Bitcoin Mining Hosting

Quote from: Elwar on June 20, 2014, 12:25:07 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.

bigger newsflash , Banks are more involved with Governance then people imagine. One can be used to exercise the will of the other, and often happens. But hey, you are right, they can't "write" into law their own stuff, but their lobbyists can. and if you can't use the technology at the FIAT point of exchange, you are handicapping the convenience, and therefore the adoption by users.

franky1

legendary

Activity: 4424

Merit: 4794

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 Grin

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.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

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.

Topic: Wake up people! Banks are not governments. They can't make things illegal! - page 4. (Read 3104 times)