Bitcoin Forum

Economy => Economics => Topic started by: Elby on January 14, 2018, 06:26:36 PM



Title: Capital One Refuses to Let Customers Buy Cryptocurrency From Any Exchange
Post by: Elby on January 14, 2018, 06:26:36 PM
Capital One Refuses to Let Customers Buy Cryptocurrency From Any Exchange
https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/ (https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/)

If people would leave to banks who adopting cryptos, then they would change their policy for sure. This decision makes me think about the crisis back in 2008. So some banks decide what we do with our money. Another proof why people don't trust banks and are so interested in cryptocurrency.

I hope a lot of customers will leave the banks who are refusing transactions, because these banks are now deciding what we need to do with our funds, how more crazy can it get?


Title: Re: Capital One Refuses to Let Customers Buy Cryptocurrency From Any Exchange
Post by: Omega Weapon on January 14, 2018, 07:48:24 PM
Capital One Refuses to Let Customers Buy Cryptocurrency From Any Exchange
https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/ (https://themerkle.com/capital-one-refuses-to-let-customers-buy-cryptocurrency-from-any-exchange/)

If people would leave to banks who adopting cryptos, then they would change their policy for sure. This decision makes me think about the crisis back in 2008. So some banks decide what we do with our money. Another proof why people don't trust banks and are so interested in cryptocurrency.

I hope a lot of customers will leave the banks who are refusing transactions, because these banks are now deciding what we need to do with our funds, how more crazy can it get?
This show to us why we need bitcoin in the first place, that bank does not let you to do something with money that belongs to you, if we were talking about bitcoin being illegal that will be different since banks will not want to be part of anything illegal, but bitcoin is legal and yet you cannot do as you wish with your money, if that bank keeps doing that I will not be surprised that in a few years there was a bank run against that bank.


Title: Re: Capital One Refuses to Let Customers Buy Cryptocurrency From Any Exchange
Post by: Hydrogen on January 14, 2018, 07:55:49 PM
The trouble with news stories like this is, they won't gain enough exposure to reach those who need to hear about this the most. This type of information will be classified as "conspiracy theories" and those who discuss this in the mainstream will be labeled "conspiracy theorists". There isn't any reliable avenue of disseminating information which can reach mainstream pop culture audiences who will only hear about bitcoin and crypto currencies being "ponzi schemes, scams, frauds, bubbles" and so on.

There's a dire and urgent need for independent mainstream media in society. (Sorry to be redundant and say the sky is blue and water is wet btw for everyone who already knows this stuff)

Capital One denying customers crypto purchases isn't that serious. What could be worse is the likely harsher and more stringent measures they have planned for the future.