Why do we need to not trust the banks? Do you have any proofs that banks is not trustworthy? Because i think they are. Banks are trustworthy because they help the economy to have a smooth circulation of the money because that is where the most people put their money. Banks are here for a lot of years and i think that is enough for us to believed that banks are trustworthy.
there is a bank that has made customers lose money when in liquidation. This case in my country. but not all banks are bad, I still believe in state-owned banks, because a lot of financial aid that is given to the people. I just do not believe in banks other than state-owned banks, because most of the deals they give you is a lot of benefit to them but not to the customer. we now have our own wallet so maybe we can reduce the use of banks.
Topic: You should never trust banks - page 43. (Read 60756 times)
Why do we need to not trust the banks? Do you have any proofs that banks is not trustworthy? Because i think they are. Banks are trustworthy because they help the economy to have a smooth circulation of the money because that is where the most people put their money. Banks are here for a lot of years and i think that is enough for us to believed that banks are trustworthy.
there is a bank that has made customers lose money when in liquidation. This case in my country. but not all banks are bad, I still believe in state-owned banks, because a lot of financial aid that is given to the people. I just do not believe in banks other than state-owned banks, because most of the deals they give you is a lot of benefit to them but not to the customer. we now have our own wallet so maybe we can reduce the use of banks. 
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yeah that's what banks are something which are more thana century old and j think this person is thinking banks should be replaced by bitcoins or some other alternative which is too much. But I don't think bank is the only way to get bitcoins I met a person yesterday who would give me his bitcoins for my phone.There are companies which focus on the individual businesses that banks operate in
- P2P lending businesses give competition to banks loan businesses
- Online wallets give competition to their payment businesses
- Blockchain firms may challenge their custodian businesses.
Soon, banks might find that all their businesses have been chipped away.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yeah that's what banks are something which are more thana century old and j think this person is thinking banks should be replaced by bitcoins or some other alternative which is too much. But I don't think bank is the only way to get bitcoins I met a person yesterday who would give me his bitcoins for my phone.I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yeah that's what banks are something which are more thana century old and j think this person is thinking banks should be replaced by bitcoins or some other alternative which is too much. But I don't think bank is the only way to get bitcoins I met a person yesterday who would give me his bitcoins for my phone.
Why do we need to not trust the banks? Do you have any proofs that banks is not trustworthy? Because i think they are. Banks are trustworthy because they help the economy to have a smooth circulation of the money because that is where the most people put their money. Banks are here for a lot of years and i think that is enough for us to believed that banks are trustworthy.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
I agree with you - the banks are very reliable. And I have no reason to not trust them. I did not commit any illegal actions, so I had no problems with the bank. I am sure that the banks provide high security to its customers
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
I agree with you - the banks are very reliable. And I have no reason to not trust them. I did not commit any illegal actions, so I had no problems with the bank. I am sure that the banks provide high security to its customers
Then, people recognized the benefits of bitcoin and start buying it and hold it as a type of investment.
Yes, more and more people are interested in buying BTC, but mainly because it's profiteering potencial. If you check the topics about investments, people are often refering to the actual value of BTC. Many of them have target BTC/USD ratio that they will move all their coins to gain profit.
Quote
Keep in mind that Bitcoin can still survive no matter how the world change, while Fiat can be destroyed by physical damage.
Actually there are even more threats to your public keys. If you:
- print it on paper -> it would be damaged as well as paper notes
- flash/optic drive -> physical conditions including UV light
- hdd drive -> as above, but EMP instead of UV
- cloud hosting -> most risky, many of threads here
- carving in stone seems to be most secure
.... and this is only for assumption, that people still have electricity and internet. Without access to blockchain, your private keys are useless. I can imagine that world can change this way.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
this doesn't mean that they can't go bankrupt, and this happen all your money vanish in a matter of second and you can't do anything, pretty much like a scammers that scam your wallet, only invest and leave your money on bank that are well known and on the top 10 among oall the bank in the world, because with the recent crysis there are many bank that went bankrupt
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
I think there is no reason for us not to believe the bank while we were depending on the bank. no need hypocritical not to use banks. because I'm sure you also use the help of the bank to convert bitcoin to fiatWith no ability to turn BTC into fiat, Bitcoin would never reach such price and attention level. Sure, it's possible to sell coins outside banking system, but it's rather marginal part of world's market volume. We are praising BTC as a standalone mean of payment, but actually almost every single BTC would be transferred in to market one day, and will be sold to someone else for fiat.
I'd rather agree with the poster which you replied to
Without exchanges sticking around as well as web wallets, you wouldn't be able to trade your bitcoins for fiat (and vice versa) as effortlessly and quickly as you can nowadays. I'm strongly inclined to think that over 90% of people now posting here (and this is likely a mild approximation) wouldn't even have heard about Bitcoin. Those hackers that you refer to are as marginal as ever. It is laymen that actually contribute to Bitcoin popularity and prosperity. Any financial asset remains valuable only as long as it is widely adopted and used. Otherwise, geeks would still be buying pizza for 10k bitcoins
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
I think there is no reason for us not to believe the bank while we were depending on the bank. no need hypocritical not to use banks. because I'm sure you also use the help of the bank to convert bitcoin to fiatWith no ability to turn BTC into fiat, Bitcoin would never reach such price and attention level. Sure, it's possible to sell coins outside banking system, but it's rather marginal part of world's market volume. We are praising BTC as a standalone mean of payment, but actually almost every single BTC would be transferred in to market one day, and will be sold to someone else for fiat.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
I think there is no reason for us not to believe the bank while we were depending on the bank. no need hypocritical not to use banks. because I'm sure you also use the help of the bank to convert bitcoin to fiatWith no ability to turn BTC into fiat, Bitcoin would never reach such price and attention level. Sure, it's possible to sell coins outside banking system, but it's rather marginal part of world's market volume. We are praising BTC as a standalone mean of payment, but actually almost every single BTC would be transferred in to market one day, and will be sold to someone else for fiat.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
I think there is no reason for us not to believe the bank while we were depending on the bank. no need hypocritical not to use banks. because I'm sure you also use the help of the bank to convert bitcoin to fiat 
if bank compared with bitcoin I would trust with bitcoin because bitcoin users are in full control of Reviews their transactions I thought it was more secure. was forced to believe in the bank because the bank has government support
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
I agree with you - the banks are very reliable. And I have no reason to not trust them. I did not commit any illegal actions, so I had no problems with the bank. I am sure that the banks provide high security to its customers
Negative images of a bank is just being brought up as a general because there is really a failed bank. But it doesn't mean that even there is a failed bank in some part of the world, all banks will become like that. Here in my country, banking industry is really a stable institution and growing every year. It's also help the employment rates to be increased because most of them are continous hiring.
It's really up to a person's experienced with a bank if they will trust it or not. There are just banks that fails to comply with the usual banking characteristics.
I don't have any reasons not to trust banks because as far as I know, banking storage of money is reliable and many business owners deposited their assets on a savings accounts they have for fiat cash money. Well if we ignore trusting banks its not worth earning btc because we can use fiat cash money, to exchange it from digital currency to fiat currency by using online wallet which has an option for bank cash-out.
Yes correct, let alone all the bank supervised and guaranteed by the State, of course we never doubt that the bank has a high level of trust, and as my experience, I have never been disappointed with the bank, all transactions are transparent.
I agree with you - the banks are very reliable. And I have no reason to not trust them. I did not commit any illegal actions, so I had no problems with the bank. I am sure that the banks provide high security to its customers
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