You should never trust banks - page 44.

President79

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Quote from: Babayega31 on March 03, 2017, 04:55:14 AM

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.

Babayega31

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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.

TastyChillySauce00

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Quote from: Dudeperfect on March 03, 2017, 03:32:42 AM

Quote from: User365 on March 02, 2017, 02:28:36 PM

What did they tell you that the reason was ?

A bank would never close your account for no reason, and the reason for that is that in every case thy profit from you (except you can´t repay a loan, but you wrote you lost money)

I have seen a case where a person's bank account was closed (funds were frozen) to repay the loan of that nation. Yes, it is moral responsibility of every citizen to contribute to the growth of the nation but in this case, his funds were used without his permission. The biggest benefit we receive in using bitcoin is that the funds and 100% in our control (unless kept in web wallet).

May you also mention the source just to make sure that it's a true or fact that's happened recently? If someone got their account closed, there's must be some strong reason behind it, otherwise, they're able to sue the bank.
Actually never heard of a case that makes the country looks like a criminal by stealing money from someone's bank account which probably not worth that much, just curious.

Dudeperfect

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Quote from: User365 on March 02, 2017, 02:28:36 PM

What did they tell you that the reason was ?

A bank would never close your account for no reason, and the reason for that is that in every case thy profit from you (except you can´t repay a loan, but you wrote you lost money)

I have seen a case where a person's bank account was closed (funds were frozen) to repay the loan of that nation. Yes, it is moral responsibility of every citizen to contribute to the growth of the nation but in this case, his funds were used without his permission. The biggest benefit we receive in using bitcoin is that the funds and 100% in our control (unless kept in web wallet).

sourris01

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Quote from: coin_gambler on March 02, 2017, 02:38:22 PM

Quote from: Bibite on February 26, 2017, 08:23:42 PM

Banks don't close a customer account like that , where have you see this ? "Suspicious" is not enough to decide to close the account of anyone LOL....
There are banking laws and customers rights. It's not the cow boy period where banks talk and you just shut up and obey

to be honest they can close accounts pretty easily and I'm sure that there were several occasions in other countries where banks decided to close people accounts just because they traded bitcoins or something. That's why I don't trust banks at all and try to use their services as less as possible. In the end governments will be trying to ban bitcoins for sure and we will need to do everything to conquer them.

Guys who would not say that we are all now dependent on the banking system and why some have problems with the bank, while others do not. All the problems in most cases, customers themselves provoke. But there are positive aspects of the existence of banks to date. I use all of their services for a long time.

coin_gambler

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Quote from: Bibite on February 26, 2017, 08:23:42 PM

Banks don't close a customer account like that , where have you see this ? "Suspicious" is not enough to decide to close the account of anyone LOL....
There are banking laws and customers rights. It's not the cow boy period where banks talk and you just shut up and obey

to be honest they can close accounts pretty easily and I'm sure that there were several occasions in other countries where banks decided to close people accounts just because they traded bitcoins or something. That's why I don't trust banks at all and try to use their services as less as possible. In the end governments will be trying to ban bitcoins for sure and we will need to do everything to conquer them.

User365

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What did they tell you that the reason was ?

A bank would never close your account for no reason, and the reason for that is that in every case thy profit from you (except you can´t repay a loan, but you wrote you lost money)

bitbunnny

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We all now that in many cases and especialy in some countries banks can't be trusted but since the entire world financial system is depending on them we can't avoid them too. Bitcoin gives one alternative but at the moment this is not enough and we still.need to balance between banks and fiat and virtual currencies.

fullypak

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Quote from: carlerha on February 27, 2017, 12:45:17 PM

Quote from: BeGoods on February 26, 2017, 07:01:19 PM

Quote from: btcdiggingmaster on February 21, 2017, 01:13:51 AM

Quote from: BeGoods on February 17, 2017, 06:25:08 PM

Quote from: wizmo on February 17, 2017, 03:04:45 PM

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I think only in few countries the government gives permission to the private bank to operate. in my own country that does not exist. all banks are transparent and controlled by the central bank in the country

yes that is a fact that most of the banks are connected with central banks and are mostly under control of governments and that is the reason we can fully trust on bitcoin and there is no reason not to trust on bitcoin.

All Banks including governament and private are connected to Central Bank. They only issue the license, and they only dispatch the local currency. They will have all information about all Banks. But yes the private banks are not safe they will give more facilities to compare govt bank. But scams will happen in private bank, so it is not safe. Govt banks are not like that if anything happens your govt will take care for your money.

lordquanta

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Yes, that documentary has three parts. Nicely explained, in fact it explains how fiat currency is created.

LeGaulois

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Do you know the documentary "Money as debt" ? It is a very good one and well explaining how the monetary system works in reality. It explains how the money is created by banks and its historical background. You can discover how the banking system is a real fraud and a ponzi scheme, a system full of unsustainability that can collapse at ay time. I really advice you to watch it even if you are not agree with what the author is saying. There is 3 parts if i remember

lordquanta

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Came across this news in International section in global economy about banks charging on deposit and withdrawal of cash. One more reason NOT to trust banks. From today itself, private sector banks like HDFC, ICICI, Axis from India are are charging on any cash transaction after first 4 per month. Check following:

http://www.thehindu.com/business/Industry/Axis-Bank-HDFC-Bank-ICICI-Bank-to-charge-Rs.-150-for-cash-transactions/article17392291.ece?homepage=true[/url]

Who would accept these kind of charges in withdrawal and DEPOSIT of cash? This is ridiculous and insane. We need bitcoin revolution to find against this monstrosity.

Edsemen

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Quote from: vrm86 on February 27, 2017, 02:28:45 PM

Quote from: carlerha on February 27, 2017, 12:45:17 PM

Quote from: BeGoods on February 26, 2017, 07:01:19 PM

Quote from: btcdiggingmaster on February 21, 2017, 01:13:51 AM

Quote from: BeGoods on February 17, 2017, 06:25:08 PM

Quote from: wizmo on February 17, 2017, 03:04:45 PM

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I think only in few countries the government gives permission to the private bank to operate. in my own country that does not exist. all banks are transparent and controlled by the central bank in the country

yes that is a fact that most of the banks are connected with central banks and are mostly under control of governments and that is the reason we can fully trust on bitcoin and there is no reason not to trust on bitcoin.

Can you give an example of one institution, that operates with bitcoin and can be fully, with no doubts trusted at the moment? Each of them can inform their users one day, that "Sorry, but we've been hacked. Good bye". Stealing money wasn't that easy anytime in the past. The more decentralized currency is, the more cautious you need to be when dealing with anybody - that's the price. I would not entrust any significant amount of BTC to any online service. Banks are controlled and transparent, but also have some duties to their customers.

I know a Spanish bank is using the Ethereum system to transfer money.

vrm86

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Quote from: carlerha on February 27, 2017, 12:45:17 PM

Quote from: BeGoods on February 26, 2017, 07:01:19 PM

Quote from: btcdiggingmaster on February 21, 2017, 01:13:51 AM

Quote from: BeGoods on February 17, 2017, 06:25:08 PM

Quote from: wizmo on February 17, 2017, 03:04:45 PM

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I think only in few countries the government gives permission to the private bank to operate. in my own country that does not exist. all banks are transparent and controlled by the central bank in the country

yes that is a fact that most of the banks are connected with central banks and are mostly under control of governments and that is the reason we can fully trust on bitcoin and there is no reason not to trust on bitcoin.

Can you give an example of one institution, that operates with bitcoin and can be fully, with no doubts trusted at the moment? Each of them can inform their users one day, that "Sorry, but we've been hacked. Good bye". Stealing money wasn't that easy anytime in the past. The more decentralized currency is, the more cautious you need to be when dealing with anybody - that's the price. I would not entrust any significant amount of BTC to any online service. Banks are controlled and transparent, but also have some duties to their customers.

carlerha

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Quote from: BeGoods on February 26, 2017, 07:01:19 PM

Quote from: btcdiggingmaster on February 21, 2017, 01:13:51 AM

Quote from: BeGoods on February 17, 2017, 06:25:08 PM

Quote from: wizmo on February 17, 2017, 03:04:45 PM

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I think only in few countries the government gives permission to the private bank to operate. in my own country that does not exist. all banks are transparent and controlled by the central bank in the country

yes that is a fact that most of the banks are connected with central banks and are mostly under control of governments and that is the reason we can fully trust on bitcoin and there is no reason not to trust on bitcoin.

romero121

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Quote from: deppil on February 27, 2017, 03:18:20 AM

Quote from: chachaa on February 26, 2017, 10:27:49 AM

Quote from: daiyuba1971 on February 26, 2017, 08:25:22 AM

Quote from: Richard Branson on February 26, 2017, 07:36:46 AM

Quote from: conected on February 24, 2017, 03:55:58 AM

Many customers complained losing of money in the account, it seems to vanish into thin air, and some cases, customers have to send money but can not withdraw money. We should not be too trust in the bank

Depends on the country you live in.
In western europe money deposited in bank accounts is protected by the government up to a limit (e.g. 100k $).
I have never heard of any money lost in an account without legal actions involved.

Currently there is no way around banks.

This is of course if the customer bank account are not interested in hackers. But mostly, the money saved in the banks without any problems.

Yes, you are right, it is now hard to do without the services of banks. And if we do not want to have problems with the bank, we just need to follow the rules of use of the account. then it will not block

bank provides convenience and very useful especially in the online-paced world like this. I think the bank is very reliable.
I had never heard that bank deceive or be a scam ?

Every category people can use banks, which is not possible with bitcoin. Right now banks are more important for the financial support for people. As said no banks have gone as a scam. In countries few banks got bankrupt which was taken control by government and returned all the money to people who are using particular bank.

bitgoldpanther1978

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Its not because we encountered bad experience in bank company we will influence others not to trust bank, I think that's not right. And besides individuals had their own belief in the banks, it's up to them if they believe in you or what. Though in some other way bank in the whole world helped a lot to the people, only the difference was that their very strict to there rules and policy and that's normal.

ultrloa

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Quote from: deppil on February 27, 2017, 03:18:20 AM

Quote from: chachaa on February 26, 2017, 10:27:49 AM

Quote from: daiyuba1971 on February 26, 2017, 08:25:22 AM

Quote from: Richard Branson on February 26, 2017, 07:36:46 AM

Quote from: conected on February 24, 2017, 03:55:58 AM

Many customers complained losing of money in the account, it seems to vanish into thin air, and some cases, customers have to send money but can not withdraw money. We should not be too trust in the bank

Depends on the country you live in.
In western europe money deposited in bank accounts is protected by the government up to a limit (e.g. 100k $).
I have never heard of any money lost in an account without legal actions involved.

Currently there is no way around banks.

This is of course if the customer bank account are not interested in hackers. But mostly, the money saved in the banks without any problems.

Yes, you are right, it is now hard to do without the services of banks. And if we do not want to have problems with the bank, we just need to follow the rules of use of the account. then it will not block

bank provides convenience and very useful especially in the online-paced world like this. I think the bank is very reliable.
I had never heard that bank deceive or be a scam ?

by using banks we can make sure that our money is safe and our transaction passes on their way is in safehands and i can't see some bad facts that why we can't trust banks where same as you i don't see any banks who runs out the money of their depositors and if banks will file bankcruptcy surely the insurance well pays us out.

deppil

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Quote from: chachaa on February 26, 2017, 10:27:49 AM

Quote from: daiyuba1971 on February 26, 2017, 08:25:22 AM

Quote from: Richard Branson on February 26, 2017, 07:36:46 AM

Quote from: conected on February 24, 2017, 03:55:58 AM

Many customers complained losing of money in the account, it seems to vanish into thin air, and some cases, customers have to send money but can not withdraw money. We should not be too trust in the bank

Depends on the country you live in.
In western europe money deposited in bank accounts is protected by the government up to a limit (e.g. 100k $).
I have never heard of any money lost in an account without legal actions involved.

Currently there is no way around banks.

This is of course if the customer bank account are not interested in hackers. But mostly, the money saved in the banks without any problems.

Yes, you are right, it is now hard to do without the services of banks. And if we do not want to have problems with the bank, we just need to follow the rules of use of the account. then it will not block

bank provides convenience and very useful especially in the online-paced world like this. I think the bank is very reliable.
I had never heard that bank deceive or be a scam ?

Ziskinberg

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Quote from: Bibite on February 26, 2017, 08:23:42 PM

Banks don't close a customer account like that , where have you see this ? "Suspicious" is not enough to decide to close the account of anyone LOL....
There are banking laws and customers rights. It's not the cow boy period where banks talk and you just shut up and obey

Banks just following orders from the central bank, if you are not in the list of suspicious people then there is nothing to worry, just to correct your statement bank does not close suspecious accounts but they consider it under freeze. You can only withdraw that once your name will be cleared because you were able to justify the source of your money. There's nothing to be afraid or actually, the government will always protect our banking right.

Topic: You should never trust banks - page 44. (Read 60784 times)