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Title: We should really worry Post by: Neuerung on February 26, 2014, 08:45:36 PM According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account
Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms. So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts. The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low. Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more. People who are exchanging btc locally are also in danger to get imprisoned for money laundering already. All this would be a very hard hit to bitcoin. What do you think? I this a realistic scenario? Should we really worry? Title: Re: We should really worry Post by: RodeoX on February 26, 2014, 08:47:22 PM I don't see why I should worry?
Title: Re: We should really worry Post by: Dafar on February 26, 2014, 08:51:45 PM I don't see why I should worry?
Title: Re: We should really worry Post by: Lauda on February 26, 2014, 08:52:27 PM We should not worry, really.
FTFY. Title: Re: We should really worry Post by: turvarya on February 26, 2014, 08:52:54 PM I don't see why I should worry?
Title: Re: We should really worry Post by: glendall on February 26, 2014, 08:53:27 PM Good for them. They'll be left behind in the new economy, and that's great.
About time they withered and died already. Title: Re: We should really worry Post by: Bitcoinpro on February 26, 2014, 08:54:37 PM yup the banks will have many job loses soon because banking has moved to the users own digital wallet
Title: Re: We should really worry Post by: bananas on February 26, 2014, 08:55:27 PM I think they are just not liking the experience with Bitstamp....But if it just for transfeirng money to Bitstamp, open a non business account......
Title: Re: We should really worry Post by: ChuckBuck on February 26, 2014, 08:57:55 PM Why should we worry again?
I use Coinbase quite a bit, and there have been zero hiccups pretty much. It's linked to my bank and I can buy and sell fairly easily. Only thing I wait for is ACH transactions for larger orders. Don't get this post. Title: Re: We should really worry Post by: pungopete468 on February 26, 2014, 09:01:32 PM No need to worry; this is the same old story on a different day.
Title: Re: We should really worry Post by: gog1 on February 26, 2014, 09:08:30 PM Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule!
Title: START OWN BANK!!!!!!!!!!!! Post by: leopard2 on February 26, 2014, 09:10:01 PM With all the capitalization behind crypto, I am wondering when the first bank will FOUNDED by an exchange. It takes a 6-7 digit figure to do that, grab a bank license et cetera, and even a small bank can do lots of SEPA and SWIFT transfers.
Just pick the SEPA zone country that has the most convenient laws and do it! IMHO that is the way to go, and also a good way to enlarge the value creation chain !!!!!! Title: Re: We should really worry Post by: BurtW on February 26, 2014, 09:10:58 PM Banks are dicks.
That is a well known fact. Why would I worry about a well known fact? Silly. Title: Re: We should really worry Post by: Lauda on February 26, 2014, 09:11:04 PM Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule! They've said (in an update), that it won't be open to consumers. Title: Re: We should really worry Post by: Neuerung on February 26, 2014, 09:11:43 PM Didn't we have this South African bank that is testing bitcoin? This is the new deal, time for Africa to rule! This bank already burried their plans concerning bitcoins unfortunately (sorry I can't find the link anymore).Title: Re: We should really worry Post by: corebob on February 26, 2014, 09:14:18 PM Any bank that hasn't picked up on bitcoin by now is a dinosaur unable to innovate. I expect my bank to be at least as smart as me when it comes to money and markets.
Title: Re: We should really worry Post by: serje on February 26, 2014, 09:14:56 PM I'm scared the banks will deny me and I won't be able to use Bitcoin any more. :( Sarcastic mode on!nicely done! Title: Re: We should really worry Post by: BurtW on February 26, 2014, 09:15:22 PM People After fixing your FUD - this also turns out to be a well known fact.Title: Re: We should really worry Post by: serje on February 26, 2014, 09:16:42 PM People After fixing your FUD - this also turns out to be a well known fact.Well I can sleep with no worry on my head! I have no money! The only thing I can launder is my underwear! Title: Re: We should really worry Post by: ZendiMOREN on February 26, 2014, 09:23:24 PM I think bitstamp and coinbase will fix that .
Title: Re: We should really worry Post by: troiste on February 26, 2014, 09:25:08 PM According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms. So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts. The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low. Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more. People who are exchanging btc locally are also in danger to get imprisoned for money laundering already. All this would be a very hard hit to bitcoin. What do you think? I this a realistic scenario? Should we really worry? Ever heard of localbitcoins.com? Title: Re: We should really worry Post by: Neuerung on February 26, 2014, 09:33:44 PM According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms. So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts. The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low. Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more. People who are exchanging btc locally are also in danger to get imprisoned for money laundering already. All this would be a very hard hit to bitcoin. What do you think? I this a realistic scenario? Should we really worry? Ever heard of localbitcoins.com? Yes, the guys which got arrested where from localbitcoins.com http://www.businessweek.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-case-prosecutor-says Title: Re: We should really worry Post by: ISAWHIM on February 26, 2014, 09:34:59 PM Bank denies BTC... Then wonders why it has no money to loan-out... Why no-one is getting loans... Why no-one is depositing... Dies...
Just like thousands of other banks every year. Yawn. New world, New order, New laws, New rulers... Old news. Title: Re: We should really worry Post by: serje on February 26, 2014, 09:38:54 PM According to this post http://www.reddit.com/r/Bitcoin/comments/1yzbhg/bitstamps_bank_refused_to_open_me_a_bank_account Unicredit in Slovenia (the bank Bitstamp uses) and Sillcon Valley Bank (the bank Coinbase uses) are both declining bank accounts to new bitcoin-related firms. So for new companies in the bitcoin business it will be probably nearly impossible to get banking accounts, if even these banks which already have bitcoin related accounts (coinbase and bitstamp) refuse to open new accounts. The probability (with the MtGox and the Silkroad scandals in mind) that these Banks are also shutting down the accounts of bitstamp and Coinbase is not low. Then we would loose even more important exchanges, people with FIAT on these exchanges will not be able to withdraw any more. People who are exchanging btc locally are also in danger to get imprisoned for money laundering already. All this would be a very hard hit to bitcoin. What do you think? I this a realistic scenario? Should we really worry? Ever heard of localbitcoins.com? Yes, the guys which got arrested where from localbitcoins http://www.bloomberg.com/news/2014-02-09/miami-[Suspicious link removed]ests-may-be-first-state-prosecution.html . Did you read the article? Or only the title? It clearly says there that he got arrested because he sold BTC to a criminal! And that criminal told him what he wants to do with the BTC he is buying! That could happen if I come to you and I say "mate please buy my phone because I need money to buy drugs!" You buy it and you get arrested because I'm trafficking drugs and I tell the cops will you lower my sentence if I tell you who gave me the money? :) Title: Re: We should really worry Post by: matt4054 on February 26, 2014, 09:39:31 PM Yes, the guys which got arrested where from localbitcoins.com http://www.businessweek.com/news/2014-02-09/miami-bitcoin-arrests-may-be-first-state-case-prosecutor-says Your logical fallacy is anecdotal (https://yourlogicalfallacyis.com/anecdotal) |