Topic: Why I hate Banks and love Bitcoin :-> - page 2. (Read 9021 times)
Yes, it seems that Bitcoin transactions are done very quickly and accurately. However, it is not really popular, so it is difficult to pay with Bitcoin for your services daily. I think the bank's transactions are fast and convenient for you. But maybe the services you need are not fast enough to update
Well I would say its choices. Everyone has a choice to make whether to go in for bank investment or bitcoin. I personally don't hate banks per se but I prefer bitcoin investment because its fast and no tax is involved here. Bitcoin is also a way to make money faster than bank.
same here i dont also hate banks but like you i do also love bitcoins but only for investment use because i find it hassle to use bitcoin for payment purposes .
btc isnt really fast because there are still confirmations to be done before your payment will be completed and tax on some countries are not also avoidabe because there are now laws for bitcoin users in which they should have to pay for thier tax . but aside from those , i agree that its faster to make money than in banks but the risk is only high compare to banks .
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.
Monthly direct debit services, 0 fees.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 
If your cricket match would have been in January last year you could have bought a yearly subscription just with the fee you were paying to get included in the next block.
A lot of people would have said, "Use your credit card" because it would have been much faster, but I prefer not to use credit cards to pay for things, because I hate adding to the debt problems of this country.
Oh, so you don't like the fast and free solution, you chose the worst one and then you blame the banks.
Sorry but this zealotism at its worse.
Like a guy with a sprain leg, he avoids calling the ambulance, limps alone for 10 miles to the hospital and then he is angry at the doctor his foot is actually broken now.
Well I would say its choices. Everyone has a choice to make whether to go in for bank investment or bitcoin. I personally don't hate banks per se but I prefer bitcoin investment because its fast and no tax is involved here. Bitcoin is also a way to make money faster than bank.
That's is the reason some people easy to convince to use bitcoin, bitcoin gives better fast services wothout hassle, specially if talking about fast transaction using for payment. You hate bank because now you know bitcoin is giving to us a satisfaction services.
Think having both is the way to go, then you have all the flexibility of Bitcoin and you have the security and lack of fluctuations with the Bank.
I just like that I have to rely on myself and not the banking system for my transactions and own safety. They have made it so that if something goes wrong it is the user's fault. Only shopping is much easier with bitcoin and payment is within minutes and the seller has his bitcoins. Much better than waiting 1-3 days for a bank transfer, that time could be used to get your parcel to you. Now you 1-3 days late.
You don't have to lineup in queues or make appointments and you get to choose the transaction fees (up to a point)
You don't have to lineup in queues or make appointments and you get to choose the transaction fees (up to a point)
Circumstances like that really try your patience. That is the problem when transactions will pass through some middle agencies that are actually unnecessary. And the fact that the payments are not allowed in several modes will add to the hours of processing. Bitcoin would have made the payment a lot quicker and disturbances would have been completely avoided or reduced to the minimum. But then again, you should have paid on time. 
just dont be late. pay on time and i think its no problem. maybe its because you pay late, if you pay with crypto maybe the same case will be on you.
dont hate bank just because it have one bad service, dont you know if bank helping a lot of people including you. but i hope someday they provide payment via crypto, and they (user) can compare about the payment
dont hate bank just because it have one bad service, dont you know if bank helping a lot of people including you. but i hope someday they provide payment via crypto, and they (user) can compare about the payment
Everyone has so many reasons or might have one or two reasons why he or she love Bitcoin and Hates banks. Mine has to deal with leaving your monies with them for more than a year without having or getting nothing on it. I have realized that Buying BTC is far way better than sending the monies to banks.
Let me guess, you follow Pomp on twitter?
This is one of the reason why people need bitcoin in this world, I really don't understand the government rules sometimes i wonder if they really want to help or not!. Allowing bitcoin as a payment for any services is no hassle i hope they will realize how useful bitcoin for everyone.
Thinking that they re planning to help people is naive. They care only bout themselves and their power.
Even if you paid in Bitcoin, I don't think that will really improve the system of a certain bank. I think the bank really have a system error either on the program/application itself or delayed update of the database. It is true that it is advantageous to use Bitcoin but we need to improve first the system.
I know right!! Holy crap the other day I needed to pay back my mom like $100 for some stuff she bought me since I was so busy. I sent it and it didn't even detect. I had to send it again and it went through and reduced the amount off my account but this was yesterday and now the notification still has not come through on her side. I must check if she received it. With crypto, I would not have to do all this messing around.
She would use crypto if she could pay bills with it. She doesn't really shop so nothing to buy with crypto unlike me who shops online.
She would use crypto if she could pay bills with it. She doesn't really shop so nothing to buy with crypto unlike me who shops online.
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!
8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.
A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.
If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.
Safe and economical
Even though the world of Indonesian Banking is already advanced, around 80% of its citizens still don't know the product bank. This is a chance for bitcoin to become an alternative payment. Apart from being very safe and cheaper than the actual bank transfer fees, bitcoin also only requires a split second to process the transaction.
Investment that is comparable to gold
Gold has become one of the top investments in the Indonesian community. One reason is because gold is easy to sell. Bitcoin is also the same as easy-to-sell gold traded anytime and anywhere through cyberspace. The question of the value of bitcoin does not need to be approved even some time ago its value reached 26 million rupiah / BCH. The value of proving that bitcoin cannot be seen as one eye.
Able to be used in various countries
The advantages of bitcoin are needed to be used in several countries and are used as a payment tool worth money. Bitcoin like the required credit card is used to pay your bills when buying abroad but does not require high interest costs.
Future Money
Many people think that bitcoin is able to dominate the money market throughout the world. Not a few who think that bitcoin can be the future money used throughout the world. This is supported by data from Luno who conducted a survey of people's interest in bitcoin. Around more than 41% of respondents believe that bitcoin is able to become a universal payment tool throughout the world. Respondents also estimated the value of bitcoin to be able to penetrate the price of 40-60 million rupiah per coin.
Easy to centralize and use
The use of money in general must be easy to use and decentralized. Bitcoin can meet this requirement, still new in the money market. The existence of bitcoin also provides special privacy to enjoy purchases wherever you are. Some countries that need bitcoin are starting to legalize this virtual money like in Japan and South Korea.
Minimizing Crime
Suspected of being virtual money so that the owner needs a decent storage area, the money needed to be used. This also reduces criminal acts such as robbery and canceling. Although cyber crime may only occur, bitcoin has a protection that is no less great to prevent hackers using bitcoin. Bitcoin is now also issuing money products, a new one called bitcoin, cash which is almost the same value as bitcoin. The existence of bitcoin money also helps prevent transactions when Hardfork occurs in the future.
well, the advantages of bitcoin are transactions that are so fast.
Transaction are not so fast IMO, it would take time to confirm depending on how much fee you will set, but banks can make transaction faster if they do it internally, or what we called bank to bank transaction with the same company.
The fee as well is high for typical users who does transact less than 100 usd.
For now, I would prefer bitcoin for big transactions as with millions or hundreds of thousands, you can still choose to play less than 1 usd and transferred without question unlike the bank.
Obviously many of those satellite TV service providers will see reasons why they should adopt cryptocurrencies as an alternative means of subscription of course they will lose customers as a result of this delays by using banking credit system for their subscriptions.
This is in indeed a clear indication of centralized banking system deficiencies which can leads to all sorts of delays by their bureaucratic operations and thus slower means of payments will be the order of the day, of course the ultimate solutions is adoption of cryptocurrencies.
This is in indeed a clear indication of centralized banking system deficiencies which can leads to all sorts of delays by their bureaucratic operations and thus slower means of payments will be the order of the day, of course the ultimate solutions is adoption of cryptocurrencies.
These kinds of experiences are quite common, the payments are not processed immediately and this becomes annoying for people, I'm really sure that with a practical use of cryptocurrencies the payments will be immediate for all kinds of goods and services.
Banks really sucks I dont really get why they trasfer too slow while they are also using internet transactions, maybe it is because they are holding a lot of transaction and they cant manage to it instantly.
But there is a good side in this, until the money is not sent to the receiver you can always call and cancel the transaction youve made.
"But still sucks when you need to make an instant transactions".
But there is a good side in this, until the money is not sent to the receiver you can always call and cancel the transaction youve made.
"But still sucks when you need to make an instant transactions".
in my personal opinion, because in the bank when we save money, then every month the deposit will be deducted as administration while in bitcoin there will never be an administrative deduction.
You will pay everything if you deal with centralized system and you have to pay it and if not you will be taken out by them. Unless, when you use crypto as everything you want especilly to store your money and payment system. There is no service that must be paid by you because you are a servicer for yourself. Decentralized system has been changing everything, I hope for those people who hasn't aware to blockchain function and cryptocurrencies's work can be immediately realized. Thus far, they only ingest everything when they got negative information against blockchain and cryptocurrencies and tried to ignore it. But I believe this is the metter of time, the technological system always grow up everyday and sooner they will know the truth of cryptocurrencies.
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