You should never trust banks - page 63.

just_Alice

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Quote from: 19Nov16 on December 15, 2016, 05:34:24 AM

The more I trade with banks increasingly make me not trust the banks, let alone to transactions abroad with high costs, after the existence of the bitcoin makes me slowly left the bank.

What banks you are talking about? Do you mean they cheat or that the cost of transactions are high? If you mean the latter I agree, they do charge a lot, but I don't think they are stealing blatantly because you can easily sue them for doing that and you will win.

Text

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Should I never trust banks? I don't think so. As I notice here in our country, banks are very useful. They have their clients and customers continue using their service everyday. I have no reason to not trust banks. I know they are legit to operate.

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Quote from: markyminer on December 15, 2016, 01:55:20 AM

currently we have to trust on both banks as well as bitcoin, as most of the people are depending of banks therefore they must trust on banks, but those people who know the benefit of bitcoin they also do trust on bitcoin, hope that with the passage of time bitcoin is going to become more and and more trusted currency of the world.

Trust in banks only goes up to a certain extent. Mainly because of the fact that people have not forgotten about what has happened in Cyprus years ago. It's an extreme example, but it's something I don't completely rule out to happen in other countries as well at some point in the future. It's not only the banks that you have to worry about, but also the governments. In that regard, you have to focus on more than just one aspect of the system that we are sucked into. We're stuck. Bitcoin gives us a decent amount of financial freedom as it allows to store a part of our wealth into it. Even if something happens like has happened in Cyprus, then there is nothing that the government can take away from your money in Bitcoin. That's the best thing.

19Nov16

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The more I trade with banks increasingly make me not trust the banks, let alone to transactions abroad with high costs, after the existence of the bitcoin makes me slowly left the bank.

vindicare

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It's impossible to just close your bank account without giving any reason no lawyers will just represent the bank if they violated your contract with them they could get money into it if they see some bank doing illegal things to their customers. I think you just making story into this , no people will stop pursuing money if its so big that you can buy mercedes with that money inside you account.

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Quote from: Vaskiy on December 14, 2016, 12:39:19 PM

Quote from: Mastsetad on December 14, 2016, 12:06:28 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions.

Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking.

just let the banks run as usual without have to hate or to not trust on them.
the reason why you can trust in bitcoin is just because you are the only one who hold the money noth the third party such as the banks.
but if you make a survey and asking a common people about bitcoin , they will call bitcoin are not trusted at all even the biggest scam project ever.

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Quote from: Pattart on December 15, 2016, 03:15:54 AM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

I think there are some banks that was never a scam most of them collapse or owner brings customers money and go. but if you use a bank have the government, I think it would be quite safe. because the government will surely be responsible

What is the difference about scamming and running off with customers money? it's the same. and you are right, only use bank that's owned by the government and honestly i'm also only using that kind of bank to make sure my money was safe. the bank can't running off with your money but if you are doing illegal things and bank caught you, your account probably will be frozen

Pattart

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Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

I think there are some banks that was never a scam most of them collapse or owner brings customers money and go. but if you use a bank have the government, I think it would be quite safe. because the government will surely be responsible

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Quote from: markyminer on December 15, 2016, 01:55:20 AM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

currently we have to trust on both banks as well as bitcoin, as most of the people are depending of banks therefore they must trust on banks, but those people who know the benefit of bitcoin they also do trust on bitcoin, hope that with the passage of time bitcoin is going to become more and and more trusted currency of the world.

Exactly, bitcoin is till young and it cannot run the show at its own. I mean bitcoin cannot be independent as most of us need fiat to spend on our needs and wants, bitcoin does not guarantee a good future that we can spend bitcoin in public places selling our needs, it can't be possible unless massive adoption arises.

markyminer

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Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

currently we have to trust on both banks as well as bitcoin, as most of the people are depending of banks therefore they must trust on banks, but those people who know the benefit of bitcoin they also do trust on bitcoin, hope that with the passage of time bitcoin is going to become more and and more trusted currency of the world.

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Quote from: dmamigo on December 14, 2016, 02:02:23 PM

Quote from: Vaskiy on December 14, 2016, 12:39:19 PM

Quote from: Mastsetad on December 14, 2016, 12:06:28 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions.

Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking.

Agree! Not trusting banks, but trusting only Bitcoin might not be a good choice. Without Banks, local daily tasks cannot be performed.

Not trusting bank is tantamount to saying you are not using fiat, you will know that later. Don't put your everything with bitcoin, put some doubts as you might regret it later if something bad happen with our investment or in bitcoin.

dmamigo

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Quote from: Vaskiy on December 14, 2016, 12:39:19 PM

Quote from: Mastsetad on December 14, 2016, 12:06:28 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions.

Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking.

Agree! Not trusting banks, but trusting only Bitcoin might not be a good choice. Without Banks, local daily tasks cannot be performed.

Vaskiy

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Quote from: Mastsetad on December 14, 2016, 12:06:28 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions.

Bitcoin and banks have difference in usage, but banks are the traditional finance management supporters. Without banking system we might be living back to some ages of civilization. Now as a alternate based upon requirement digital currencies have evolved for which we should not have a negative trust upon banking.

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Quote from: Factmine on December 14, 2016, 10:13:47 AM

Quote from: crockoo on December 13, 2016, 03:26:40 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Yes, I too have more confidence in Bitcoin. However, we must also take into account the fact that at present not all goods and services can be paid for Bitcoins. Therefore it is necessary to apply to banks

Though, in banks your money doesn't fluctuate unlike in bitcoins. If your on the growth time of bitcoin for sure this is your statements. How about when it suddenly drops and just continue to drop. Then I think your statement might differ from what you have said now. Banks and bitcoin can co-exist. They don't need to mutually cancel out each other and in fact, currently at least, they compliment each other.

This greatly depends on the currency

And while with major currencies like the US dollar or Euro, the case might well be that, it is far from being that with the currencies of the developing countries (think Zimbabwean dollar here). The primary difference between these other currencies and Bitcoin is that their volatility is almost always one-sided, i.e. their exchange rate, say, to the US dollar drops year after year while Bitcoin, on the other hand, has a lot of growth potential, which we have all witnessed with our own eyes during the last year

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Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Bitcoin is not related to banks at all, banks has nothing to do with bitcoins, there is not banking system that asks you to deposit your bitcoins there if you have, they can never insist you on this even if they have any services like this because they wont come to know about your bitcoin possessions.

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Quote from: crockoo on December 13, 2016, 03:26:40 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Yes, I too have more confidence in Bitcoin. However, we must also take into account the fact that at present not all goods and services can be paid for Bitcoins. Therefore it is necessary to apply to banks

It depends on where you live, in a modern society like the ones you find in the first world is very difficult to try too get by without a bank account but in the world where cash is more prevalent, it is a lot easier to get by without a bank account.

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Quote from: crockoo on December 13, 2016, 03:26:40 PM

Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Yes, I too have more confidence in Bitcoin. However, we must also take into account the fact that at present not all goods and services can be paid for Bitcoins. Therefore it is necessary to apply to banks

Though, in banks your money doesn't fluctuate unlike in bitcoins. If your on the growth time of bitcoin for sure this is your statements. How about when it suddenly drops and just continue to drop. Then I think your statement might differ from what you have said now. Banks and bitcoin can co-exist. They don't need to mutually cancel out each other and in fact, currently at least, they compliment each other.

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there must be big reason that they might have done this to u .otherwise it is not possible at all.otherwise there are so many options coming ur way like bitcoins and mutual fund investment ,it will be beneficial for u a lot .kudoos.

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Quote from: brian_23452 on December 13, 2016, 04:20:53 AM

Bank can trusted but as for bitcoin is one currency that can not be trusted with the bank because they can always have their way in control of it so i really can not trust the bank over some a month of money but i trust bitcoin over all transaction of money it is fast and is very easy anywhere you can do your transaction

Yes, I too have more confidence in Bitcoin. However, we must also take into account the fact that at present not all goods and services can be paid for Bitcoins. Therefore it is necessary to apply to banks

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