Bank is very important and its wrong to say that you shouldn't trust banks its so important to bitcoin cash out as exchange. Banking is very popular to people and being recognized by government as the safest storage of peoples saving as well as thier assets. Many business rely on banks and they are growing bigger as economy rises progressively.
well at the moment as bitcoin is not accepted in the whole world still by everyone, we still need banks, but in the future when bitcoin might potentially replace all the currencies we have we will not need any banks. 
Topic: You should never trust banks - page 46. (Read 60784 times)
Bank is very important and its wrong to say that you shouldn't trust banks its so important to bitcoin cash out as exchange. Banking is very popular to people and being recognized by government as the safest storage of peoples saving as well as thier assets. Many business rely on banks and they are growing bigger as economy rises progressively.
As my observations, some of the banks are bankrupt without any valid reason, without making some announcements and they are not trusted. People deposited in a bank in a way that their money is safe there, they think that they are trusted but they actually dont know that they are wrong. Some banks their is like a bubble it disappear and well sorry for your money, it will all gone and never came back. But there are some banks also that are big, famous and trusted one, so choose the best one
because the banks are third parties who at any time could be a scam. in my country there have individual bank, after the bank was quite large, then the owner went to bring the majority of bank funds. Here it is scarythey can't directly scam you, when they took your money away is because they are insolvent and they are going to declare bankrupt, this is the only case where they will lose your money and can't afford to pay back
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
That's so bad. What happened with your bank? However, I think you did something against the law. Banks will not close bank account for no reason. I suppose you should contact the bank managers personally to know the reason. I can't stand on your side because I did not see the bank's side yet.
Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
yeah, but it will be good to be carefull to invest your money in banks because this is an example of kind of crime bank can do. however, bitcoin comes to defeat the system of banks. so just use what you prefer.
Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.
My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!
That's so bad. What happened with your bank? However, I think you did something against the law. Banks will not close bank account for no reason. I suppose you should contact the bank managers personally to know the reason. I can't stand on your side because I did not see the bank's side yet.
Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.
I more trust to the biggest lier which I know then to somebody from bank and to bank leaders and our govrement because they are only working against us never good things.
I don't think why others don't trust banks, but its their conviction and we have our own free will to think. There nothing wrong with trusting banks as long as the bank have the best fund security and it complies with the standard that is required to handle the protection of depositors, it can be trusted. Don't lost the trust in bank because if you do that maybe you could not get your fiat being cash out through bank if banks is not legit.
Banks operate with transparency as they have the rules and regulations to follow which was impose by the government, that fact alone would make us feel safe with depositing our money in the bank. However, there are people in the bank who might divulge your private information for their interest and that will make your life at risk, that is the big difference with putting our money in bitcoin where information are encrypted.
I don't think why others don't trust banks, but its their conviction and we have our own free will to think. There nothing wrong with trusting banks as long as the bank have the best fund security and it complies with the standard that is required to handle the protection of depositors, it can be trusted. Don't lost the trust in bank because if you do that maybe you could not get your fiat being cash out through bank if banks is not legit.
in fact banking system is present for a long time. government are supporting them and that is the reason that we can trust on banks. but now bitcoin is also becoming more and more popular and people are now investing money there. therefore bitcoin is also becoming reliable and trusted.
Yes, there is no doubt about this that bank possess the support of government, actually banks are doing this for long time. But we also have to accept the fact that bitcoin have the support of the people and that is more stronger than the government support. If people reject a thing then every government cannot make the thing worth, and if people will give preference to something then the government will helpless to reject that.
Bank still the best place where we can save our money in safe place. bitcoin still many disadvantage like the price fluctuate unlike other currency are stable.
We should trust bank since we can start a case if there are frauds happen unlike bitcoin if you scam you can not recover your money..
Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
yeah, but it will be good to be carefull to invest your money in banks because this is an example of kind of crime bank can do. however, bitcoin comes to defeat the system of banks. so just use what you prefer.
in fact banking system is present for a long time. government are supporting them and that is the reason that we can trust on banks. but now bitcoin is also becoming more and more popular and people are now investing money there. therefore bitcoin is also becoming reliable and trusted.
Yes, there is no doubt about this that bank possess the support of government, actually banks are doing this for long time. But we also have to accept the fact that bitcoin have the support of the people and that is more stronger than the government support. If people reject a thing then every government cannot make the thing worth, and if people will give preference to something then the government will helpless to reject that.
Yea that is bad answer for me because I want some bank in which I can trust but I trust in this topic answer that we dont need to trust so I trust only to myselft and nobody other because today world is place where you cant trust to almost nobody.
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 bankThan 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.
Not because there are some banks that are not trusted, we would not trust anymore the whole banking system. Not a good thinking..
Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.
I trust only banks which ran by government private banks take your money to cover their profits on way or another.
State banks will never fall, but the fact is that if you invest money in them, then the interest rates will be considerably lower than in the comercial. Therefore, the choice does everyone here. While agree that the risk of losing their savings to a minimum.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 bankThan 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.
Not because there are some banks that are not trusted, we would not trust anymore the whole banking system. Not a good thinking..
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