Bitcoin Forum

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Fiat banks inscriptions says they have 24/7 services to their customers mostly in E-banking. But I came to realized that Africans' Banks promises became Africans Leaders (Politicians) Blueprints (Manifestos).

How I discovered it

I was out of cash yesterday in my house and it was night already so I said I would go to a bank ATM Machine this early morning which is today. And I left home early as possible by 6:00pm  so I can meet to my working place to attend my customers on time and I have done it before but ironically today when I reached the Bank ATM it was locked and I went to another bank the same things, I paid transport to another communities to check if theirs are dispensing cash all the same. So I wanted for about 2hrs and by 8:00pm which is the official time for Banks to open for day was the time ATM Machines (all) opened and started dispensing cash. When I came my neighbors told me I have loss a number of customers today. There was a crowd of people waiting to collect money that belongs to them but the bank restricted them to take their money on their will. Some people were even saying that they will sue their Banks in court to know why they can't take their bown money on their willing time to spend.
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My thoughts on the Fiat Banks

All these nonsense happened because banks are centralized service agents whereby it control by the central authorities (either the president or the central bank). Bank managers can not do things on their own but they acted on instructions


My thoughts on the Bitcoin

All these nonsense can never happened in bitcoin space. Really I don't think such thing will happen in crypto ecosystem. Since bitcoin uses p2p, I can use my fund at anytime. The only thing that can hinder my transaction is network.
https://i.imgur.com/nJKGudY.jpeg
https://i.imgur.com/x3BaHRx.png

There is always someone to make transaction on bitcoin. Bitcoin is the best option for transaction of goods and services

The images are used to represent the various Banks because the time of the incident I didn't go with my mobile phone.
https://www.google.com/search?q=techcabal+access+Bank+image&prmd=niv&sxsrf=ALiCzsZE8MYC2OeHCrv4_renYU7Ri_b97A:1662911286233&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiR1Iiki436AhXASPEDHQZSBUQQ_AUoAnoECAIQAg&biw=320&bih=512&dpr=1.5

This is exactly the way that people find out that they need to abandon banks and adopt Bitcoin instead. Banks are a dying breed, just like VCRs or floppy disks. There is absolutely no more need for banks with cryptocurrency. Bitcoin can give people everything that Banks can give them. Except it does not charge hidden/any holding fees and nobody can freeze/take over your money with Bitcoin. This is true independence. True freedom.

How long until everyone in the world understands this?

Personally, I will never put more money in the bank than I plan to spend on the same day. And even then it feels disgusting to have to use these "middlemen" because not every shop has adopted cryptocurrency yet.

The day will come. Have patience and spread the word.

Of course, bitcoin is a best option where you are free to send and accept your transaction without any consent of banks and government . This is a decentralized option where you can control your own money. You can transact your money through P2P mode

That is why many countries want to make Bitcoin legal in their land so that it will reduce the stress people are going through from the hands of the bankers, because the bankers always listen to their bank manager before taking any action for the day. Since many people came to discovered that Bitcoin transaction is the best option for someone to carry out Bitcoin transaction without waiting for anybody to sign or permit or give instructions like the way bankers do in the bank before the transaction can be successful. Bitcoin transaction is fast and secure for the users to carry out their daily transaction without the fear that the transaction will take time like the way banks transaction used to take  people time in their daily transaction.

Fiat banks are government controlled spyware.

‘You will own nothing & be happy’
Klaus Schwab

You are controlled & stolen from every year via inflation. Sure we need fiat for every day purchases in most countries but that will lessen & lessen. Bitcoin is here to stay, deflationary & decentralised. Take control of your own finance & self custody.

This nonsense happens because they're private businesses with virtually no competition (i.e. they're pretty much a cartel). This means they can optimize (cut) costs by not providing the services they promise without being afraid the competitors will "fill the gap". Even more, they've probably paid up politicians to "not notice" the banks make false claims/false advertising.
Depending on the country some of these (dirty) moves may or may not work.

So it's a shared guilt between the private businesses (banks) and the politicians.
The quick fix is bitcoin. The long term fix that also has to be done is be more careful what you vote for next time.

Well these banks are not only frustrating the life of individuals but making things difficult for their clients and make fake promises to operate on 24/7 hours a day.. although I guess is the Access Teller Machine (ATM) that operates that way, but I believe bank doesn't operates that same. Working hours are only from 8am to 4pm.

I think for you to easily get a cash from your bank then you have to contact your account manager, if the money is huge and you would get your money ready before getting to the bank.

You can transaction with Bitcoin if there's anyone who needs it at that point to give you physical cash then you have overcome queuing up in the line but for your service you have to include it maybe if anyone wanting to make deposit or withdrawal.

I m seriously failed up with the poor operation of Nigerian local banks.

These are the best features of Bitcoins, over banks.
Due to the decentralised nature of Bitcoins, no government can ever find out, how many Bitcoins you have or kept anywhere.
Also Bitcoins provide you complete access and control to your money. Whereas in Fiat in Banks, you are bounded by certain bonds and conditions.
So this definitely makes Bitcoins the most suitable option.

sometimes it sucks when we take cash, especially seeing the queue at the ATM machine it really makes me wait a long time to make a transaction, many things are easy and then it becomes difficult when taking big enough money from the BANK is too long-winded so it makes me not feel comfortable saving money in the bank, actually bitcoin makes it easier for people to do transactions easily that's what I know

"You will own nothing and still be happy" that quote is one of the nonsense I hear from rich people.
They want to take everything and turn you into a slave, is what it means to own nothing.

I don't understand how naive someone can be to fall for that.

Everyone who uses CEX (centralized crypto exchange) can find themselves in the same problem as any client who has money in the bank. Any centralized option that provides the option to store/transfer Bitcoin is therefore no better than any bank. Unfortunately, this is something that many do not understand and live in the false belief that they are safe, and at any moment their funds can be hacked, the account blocked or the entire service can be unavailable.

What you wrote about Bitcoin is only valid if you use a non-custodial wallet, and if you know how to determine the fee at the time of sending the transaction to avoid paying more than necessary, or so that the transaction does not get stuck because you set a much lower fee and on that way you have a very low priority among miners.

Hihihi, and that's what OP's doing.
Quit ironic, his previous message just before this one looks like this:


So forget P2P, his first advice was to trust another bank, just that it's a crypto bank and not a fiat bank!
I love when all those people just criticize banks and tell stories about how you can't withdraw your money from them only to stuff their precious coins on some same-level centralized entity.

The banks can be really frustrating at times and I can imagine how frustrated you must have felt. Personally as much as possible, I try to avoid anything that will take me to the bank because there is always a queue and you get exhausted easily with their very snail speed service in attending to all the customers.

Banks can generally be under instruction from one body because of their centralized nature to not operate and that will have a general effect on all customers, but with bitcoin via your wallets creators, there is no centralized body controlling them, so there is no possibility that one day they all will generally just decide to not operate and frustrate customers like the banks have done to you. 

A lot of banks don't understand that if they can't improve their customer experience, they will eventually run out of business sooner or later. But since they have got government backing to be a part of the economic inclusion, they don't bother about customer experience.

Personally I receive at least one email every month from my bank which talks about how bad bitcoin is. So banks are trying to spread miscommunication about bitcoin quite actively. But history doesn't play well with useless things. Time will make them extinct.

I realized your pain. But we can't live without fiat, to be honest since Bitcoin hasn't been adapted worldwide till now. Even if you exchange peer to peer but still you need cash to spend it locally. Because everywhere Bitcoin isn't accepted in the world. For example, my government doesn't allow to use of Bitcoin, so we have to sell or trade it on the black market by force. Need more adaption to use Bitcoin directly without cashing out. Otherwise always we have to depend on centralized banks.

One funny thing these banks do nowadays is to delay transaction or notice of a transaction for reasons best known to them. Often times i would have to call for confirmation of a transaction that normally need no follow up, all due to the fact that there is no network service at the moment. The 24/7 service bench mark as stated by them is just like you have put it, a political manifesto. All talk no bite.
The only thing that makes these fiat banks still relevant is the fact that Bitcoin is still in the process of gaining mass adoption, in that, the populace who transact business on a day to day basis may need to have proper orientation on its use. It is also not a legally recognized means of exchange in the country of which makes these banks, have an edge and as such can follow directive to limit use of the channels for dispensing cash at whatever time they deem fit.
Bitcoin exchange, is fast and can be done at any time of the day, as long as the network is available, not on basis of any directive given to by any governor or president in charge.

exactly, You really read and know my mind. The pain I feel and the annoyance I came home with was something else. Though it was not only elderly people were more annoyed than even me. But the funniest part is that, really as you said, we can not do without the fiat because bitcoin has not accepted worldwide. Anyhow we do and talk here, we still need fiat currency for survival. If I send BTC to someone for trade or exchange, I will need the fiat to buy what I want to eat and wear.
There is another problem I am also seen, the awareness campaign on bitcoin is not enough, most people are not aware of bitcoin mostly the traders of food stuff and market women. I vividly remember a chemist lady asked me what is bitcoin after she saw it on one of my advertisements on my office banner. There is a need for a massive campaign on bitcoin in all the Communities, Towns , villages and cities. When the number of people that aware are more than the unaware and the usages increase then even without government adoption within us, we can enjoy it. If market people (women and men) started using bitcoin then God has butter our bread.

This is common around the world. Maybe the grown countries have got out of such problems. This can be overcome by our P2P bitcoin transaction. For this we need to understand how far this is being spread around. For now the usage is good around Nigeria, and I have a question. Maybe the banks were with limited service, but through internet banking anything is possible. Here people are not good about internet banking and supporting bitcoin is something different.

Banks have such cases of failing to keep their promises; why will they write 24/7 service but be unable to render or deliver the service at all times; but the truth is that we cannot live without fiat, especially in underdeveloped countries where electricity supply is insufficient and many of its citizens lack blockchain knowledge; and perhaps some of these countries live Bitcoin unlegalized in the country, making Bitcoin transactions difficult for some of its citizens

There is no doubt that Bitcoin transactions are the best; they are decentralized, fast, and reliable because the blockchain system is transparent enough to track all transactions. Bitcoin transactions are always live and extremely secure.

This is out of context a little bit but it is still one of the reasons I hate banks today, I remember the day I went to a restaurant to have lunch after work, I checked the available ATM and it wasn't available, there were not too many points of sale around (the business part hasn't boomed like that in the past, unlike now that it is now in every street), I took the risk, order what I wanted to eat and when I was done and I try to do a transfer, that was when my problem began, there wasn't network, I had to call a friend to come to help out.

This is where Bitcoin comes as a means of payment, if there is anything like that as bitcoin been a legal tender, they will have no choice than to ignore banks services but you know, when the senate pass that kind of bill, it will affect their corrupt pockets.


Have you forgotten Politicians? They can sweet talk and promise heaven on earth but we all know what comes after, it is there in every country.

Yup what you can do when there is gov there


What  :-X is this true my bank only send me email about financial statement per month. but crazy if they talk about how bad bitcoin is i mean they might scared because there is tech that can do more than bank

It actually makes sense for Klaus especially since they aim to control the activity of people. Just imagine your phone to be a service where you just rent a phone that you have to pay monthly bills for it. Having a phone as a subscription type of service will be good for the economy since you will therefore continue to pay. You own no phone as it's not your phone you are just subscribing to the service. Of course, we don't like that.

Same with banks handing your money to them means you don't own the money and yet you also pay to keep your money. Congrats to Klaus Schwab for coming up with the dumbest idea of all.

The incident experienced by the OP is of course not the only incident. many similar things are experienced by the Bank's customers. they from time to time have not been able to improve their services for the comfort and safety of their customers.

And there are many things that make us uncomfortable in saving and keeping our money in the bank. like

- Administration fees will continue to cut your savings. and if your savings are not much. then in a few years when you check your savings in the bank. then your money will decrease.

- Savings in the Bank have no hope of growing. and vulnerable to the depreciation of the currency itself (such as due to inflation).

- Transactions through banks have limits. So we are limited to the number of transfers per day. even if we want to send large amounts of money overseas. so sometimes we can not send large quantities in one shipment. because there is indeed a limit on the amount for overseas shipments.

- We cannot fully trust the Bank's employees. Because there are many cases of misuse of customer money by the Bank without the customer's permission. such as many cases that occur in Indonesia as in the following news sources (https://m.bisnis.com/amp/read/20201109/90/1315253/selain-maybank-ini-kasus-pembobolan-dana-nasabah-bank-sepanjang-2020).

And many more cases of embezzlement of funds and other cases involving the security of the bank's customers' money itself. Even the interest offered by the Bank is very small and not comparable to the decline in the value of the currency as caused by inflation. but despite all that. Banks also have their own advantages. But it is not good if we put all our money in the bank. it is better for us to divide our savings into several types such as in Gold and property. and for large number of transactions we are more comfortable using Bitcoin.

because there are no restrictions on Bitcoin transactions and the shipping costs are much cheaper when compared to transactions through banks.

but we still need a bank as a means of disbursing funds into physical money. but I do not recommend if it is to save large amounts in the Bank.

Yes, there is a lot of nonsense about banks. Banks are a central means of implementing the instructions of the government that controls everything. Here in my country, for example, it is forbidden to withdraw more than $1,000 from the bank per day. If you need $3,000, for example, from your account, you need to Three days to withdraw it from the bank!! What is this nonsense??!! They actually control your money and control everything.

If we talk about the problems of banks, it is true that they have many shortcomings, sometimes making us crazy about them. We deposit our money in the bank and they charge us a lot of different fees but they give us the worst service.

To explain your case, because I had the same situation before. The fact that they limit withdrawals at ATMs can be understood like this: they are afraid that the withdrawal is not the real account holder, may be stolen, lost, or your account is exposed...therefore, to minimize risk they set a daily withdrawal limit. To be able to withdraw a larger amount, you can bring your identification to the counter to be processed, but what I am not satisfied is that the fee they charge us is higher than the fee when we withdraw at the ATM.

Depends on the goods and services imo. If you don't want to wait, then altcoins are way faster than btc. If the merchant accept lightning network, then bitcoin has no competition there but as far as I know, not many mercs are accepting ln. The other issue is volatility. If a btc tx takes 1 hour to complete and btc has a 5% drop during that time then the merchant will take a 5% loss. As long as their main income is FIAT based (credit cards & cash), that wouldn't be a problem but once majority of their customers start using crypto, that would be pretty challenging for the merchant. It is because the merchant needs pay his bills in USD, not in BTC.

It all really depends on where you live, you won't have any trouble getting your funds at an atm if atm facilities are easy to find anywhere like the place where I live I can even access a bank atm 24 hours a problem if the machine is broken.

But unfortunately this is still very limited, not many you can find merchants where Bitcoin is a payment option, especially offline merchants there may be more online merchants but you may find other obstacles such as shipping costs and also limited items that can be purchased using Bitcoin, and also when the price of Bitcoin drops as it is today it will be another obstacle because many think that it is a loss to use their Bitcoin at a low price.
Bitcoin is only a solution for those who already know it so not for most people.

I haven't. That's the vote I was talking about. Voting more carefully has the potential to get the country on the right track, just it can take many years and many disappointments.

All this nonsense can't happen with Bitcoin if:
1.All Bitcoiners use cold wallets and dump centralized exchanges and online wallets completely.
2.The merchants start accepting BTC/crypto for goods and services. Otherwise the people will always have to sell BTC/crypto for fiat in order to buy goods and services. If you want to use digital fiat money, you always have to signup to some online bank or payment service.
Until those two problems are solved, "all this nonsense" CAN happen with Bitcoin/altcoins as well. Centralized custodial crypto exchanges can block withdrawals any time they want. If there's no legit reason, they can simply lie and create fake excuses.

when talking about the bank, there will be many complaints from customers. sometimes I even think they are short of employees there. because I'm tired of going to the bank. there are always a lot of queues when I want to consult with customer service from the bank. waiting for our queue number to be called could take hours. and it's really time and mental drain. so I now prefer to transact with bitcoin. whether it's remittances. or deposit on the internet.

After I've answered honestly believing your story, I find out now that all this is most probably fabricated using images from 2020 and the pandemic??
See: False Info : Fiat Banks Conspiracy Against Customers. Bitcoin is the Best Option (https://bitcointalk.org/index.php?topic=5412825)

What you say about this?

I hear your intended argument and that cannot be over emphasis about Bitcoin but I just saw this post, https://bitcointalk.org/index.php?topic=5412825.0 where you have just been called out on using wrong information for this representation. I purposely removed the last two images but for the ones, the first image was not taken recently as you can read from the linked post. Yes as we all know banks open 8:am but this does not mean you cannot use the ATMs in most banks before 8:am even within the premises and we know when issues of long queues happen as in that post, during the Covid-19, during festivities, Christmas, Eids and sometimes month ends when salaries are paid.  
I really wish we could use Bitcoin in every shop we go to today but we all know that this is not the case hence your need to use the Bank which is still important at the moment and might continue to be for a long time.

Unfortunately, he is not the only one, many criticize banks, and at the same time support crypto banks, which are far behind traditional banks in terms of securing the user's funds, at least when the insurance of savings deposits by the state is in question. I hope that some of those who think in the wrong way, at least on this forum, will be directed to the right path.

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Nice catch - I thought I'd seen those pics somewhere too, but didn't bother to find them. It seems that the OP made up the story, which is really sad considering that he was one of the members who showed potential.

The annoying of it all is their poor providing services, i believe an accurate interpretation of 24/7 service should be when there will be no barrier to performing the use of their services all through the 24 ours of each day, bit it is obvious that the  centralized financial institutions have failed already in delivery of this, starting from their e-banking service, lot of customers have been finding it challenging to perform a transaction with poor network of the banking system, the physical ATMs don't have cash to dispense 247 except in developed countries maybe, you queue up to waste your time, lot of challenges were encountered in using these commercial banks and the only best alternative is to embrace the decentralized network of digital currency with bitcoin and remain secured with your coins in the wallet where you have the private unlocking keys in your disposal.

They've known this for a long time, but you should know that there weren't many alternatives before bitcoin existed other than gold or other equivalent means of payment. The bank has helped us with its services (we have to admit it), but over time the bank has lost the trust of its customers as customers have started to have other alternative payment options including bitcoin or some well-known altcoins.

If we disagree with a bank because they are no longer trustworthy, then we should no longer use their services. While we complain but our daily financial transaction needs are still dependent on the bank, it is something that does not make sense. Avoid banks if we no longer believe in the way they serve customers, they are centralized and that will not change.

Bitcoin is the best alternative to banks as there have been a lot of setbacks in the banking sector due to centralization which is an act of politicians that controls the government, corruption has also played a huge role in these challenges to banks.

But I won't say the bank should be written off in totality as that will never happen and Bitcoin is not designed to take over or replace the bank but Bitcoin is meant to be an alternative to the bank and Bitcoin need the banking system for its transaction and exchange for payment of good and services in the real life because not everyone knows what Bitcoin is.

According to a saying, "what happened to someone does not affect others" and also "experience is the best teacher". The images presented the banks I went to withdraw the cash. They are models to the banks. I still insist very strongly that the story which I presented here yesterday was real. Those who are saying that ATM opens before 8:am should come to my locality and see by yourself. I will not argue with you.

NeuroticFish I have never and will never fabricate story. If because of the pictures you said the story is fake. The images are models to the information.

The most problematic image have shown the queue of people waiting, which may or may not have been happening in your case.
However, I do hope you're telling the truth, at least in the text you wrote.

Next time, you better post your own images (nowadays everybody has a smartphone and it's not hard to make a few pictures if you really want to) or live without them, instead of using others' images which, as you've seen, may easily come with extra troubles (even if you are not lying, this can be seen as plagiarism now).

Africa, Euro, and the US bank or not. All fiat banks conspire against their customers at some point because almost all their services are scams, created for selfish gain, and what most people don't know is that fiat banks are not meant for saving funds, they are meant for doing online transactions which I believe Bitcoin has taken over the area. Besides, this is what most Billionaires and Millionaires understood when they choose to invest their funds rather than having them sitting in the bank.
This is the reason why it is hard for them to totally support Bitcoin

I always refer to my bank account as a bus stop for my money and not a destination, for goodness sake why should I store my money in the bank where my freedom and access t that money limit, whereas I can store my money in Bitcoin that I can generate interest on my saving and also have total control of y money that is to say I can move my Bitcoin whenever I want without any third party involvement.

You're completely right about banks being vulnerable and not caring about customers. They think their services are a must for everyone. That you cannot survive without a bank and the government supports that by making sure all registered businesses have bank accounts so that they can be monitored and taxed accordingly.
Banks conspire against the people but they do it with consent of the governments who want to eliminate fiat money. It looks like one big conspiracy theory but their actions speak for themselves. I advise you to read what's going on in Sweden.

Maybe in some other countries where things are working. In a country where everyone is trying to enrich their generation, where an average person called leaders been corrupt but ones giving a slight opportunity they do worse, where do you think the hope lies?
It takes years to get things right but I just think where there are too different ethnics difference might be so difficult, this is where Africa is facing backwardness in fighting corruption, religious difference, nepotism and Self-interest. In my country, We just have another 8 years wasted after lifting the hopes of many and it has killed the political interest in me totally, they are the same thing that keeps reminiscing the same promises.

You should come to see how dip the foreign reserves have destroyed the local currency, bitcoin has been the way for the youths to fight our lives till things get better if there is anything like that in the future.

My country is not far from that either. But, 25 years ago for example, it was much worse.


Yep, many years.


It's not something specific to Africa. Same goes on in Eastern Europe too. So you're not telling me anything new. This still happens here too.


This is exactly what the bad politicians want: kill the interest in the smart people so the dumb masses keep voting for them. One solution is to disrupt the system with new political parties, with better goals than only getting rich. But that too has more chances for failure than success. As I said from the start, all this goes painfully slow and there are (far too) many disappointments.

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However, let's get back to the actual topic: banks are private businesses. They have a predatory mentality and will go for their sole interest if they're allowed.
Since politics is slow and tricky solution, Bitcoin remains the proper option, clearly.

And I was just thinking... Africa also has smart people, Africa must also have smart programmers; while people don't tell their nationality in most cases, I have a feeling Africa is under-represented as developers for bitcoin tools. Am I wrong?

Even though Banks are own by individuals, Banks are capable of providing customer friendly services, there are some time you visit banks and see the crowd all over every corner of the banking hall and when you see the cashiers and customer service attendance, they are just few, sometimes either two  or third that are attending to more than two or three hundred customers. That made me to make on a research in my school days. And I found out that, They are using that method to reduce cost. They don't want to buy more machines and employ workers to dispatch the crowd. Now they have extended this method to ATM machine. The new approach is that, if you want to withdraw cash in the banking hall, they won't allow you to withdraw you own money if it is below $80 to $100. Instead they would referred you to their ATM Machine to do that, so that they can charged you from sms fees, card maintenance fees of $1 to $2. And that making the ATM point more crowded.

Now the worst of it all. ATM is no longer 24/7 hours. The closest ATM point in my locality closes 8pm and reopens 8am. The reason is best known to them.

I've said from start that all this is about cutting costs.
Now, the 24/7 ATMs usually brings them good benefit vs cost ratio, unless the number of ATM heists is big.
There may be however another reason for this, read below.


I think that they may "skip a step" and try to move in the direction Europe is moving.
In Europe they started reducing the number of employees and convince people use online banking an ATMs. Of course, in order to be able to do all operations, from paying bills to depositing money, they need a different, more complex (and probably more expensive) type of ATMs. Maybe, just maybe, that's (also) why the number of ATMs is low (and if I'm right, the numbers will rise).

However, the fact the ATMs are not working 24/7 is unexplainable for me. That part I simply fail to understand. One thing would be they don't replenish them often enough (lack of personnel), but.. are they saving energy, or are they so afraid of thieves?! (the costs are imho small, so cost cutting alone doesn't explain that)

Made up story to catch a few merits?


Good, then lets' hear the details
What bank, what location, so we can go there ourselves and check if the ATMs are really closed.  ;D


Gmaps link? I'm really curious why you're asking people to see "the reality" with their own eyes but you don't provide any info.
Not even the name of the bank, which is a bit weird.


Doesn't make sense, rather than having to employ people they can easily add another ATM, those are way cheaper than any worker, even if we talk about well below average wages.


Never heard of such a thing in my life, I know of special ATMs that are meant for all the possible transactions including deposits and currency exchange to be locked inside the bank and only available at banking ours, but normal ATMs with a schedule? No way!

I believed you see your banks as the bus stop for your funds, not destination because you fully understand the way financial institutions operate and the benefit of making your funds work for you but there is still crypto enthusiast that still misunderstands how they ought to banks for a transaction, not for saving this is the reason why I make the above statement and I hope it helps someone that read it.

Jesus Christ of Nigeria! So any thread that is created to give information became merit hunting thread? Wow!!!  This is very much interesting...Please I am on my knees to beg you to come to the locations or if you can not come send someone to come. The banks names are: Access Bank PLC, United Bank of Africa, Zenith Bank PLC, Sterling Bank PLC, all these banks are located at Amarata, Bayelsa State, Nigeria. Access Bank also has a branch at Agudama Epie community which is closer to me. These Banks ATMs Open by 8am. Please I want you to create a thread like Bitstar_coin (https://bitcointalk.org/index.php?topic=5412825.0) who accused me of giving false information. I am very much happy that you are coming to the location to see things by yourself and give the forum your version of the story. Whether I gave false information or not. At least, I am expecting your thread next week.


I have provided everything you needed above. I am more curious for your visit. Even though you did not inform when you have arrived, I will know it from the thread you will create. I'v never and ever gave and will false information.

If we look back, maybe Satoshi Nakamoto created Bitcoin with the aim that everyone does not depend on the bank with their paper money, does not have to queue at ATMs or wait for banks to open, but people do not realize this, they prefer to obey banks and money lords. paper with all its troubles,

Honestly I've never heard of a bank that forbids people from taking money, this confuses me?
My assumption is that the bank does not prohibit people from taking their money, maybe the bank is filling money at the ATM, so it takes time to complete the filling process (if the assumption is correct).

But for this I strongly agree, that the bank's work system is too slow in serving consumer complaints, this is inversely proportional to the crypto system which experiences speed in terms of transactions, but the next problem is the network, when the area where we live the internet is not strong, then this too becoming a problem.

My thinking is actually more about developing resources, so that the application of bitcoin in everyday life can run as fast as transactions that we know. Public awareness of Bitcoin usage will actually increase further, when processes and resources are fully supported.
I am sure it will be achieved in the near future, because people's awareness of this problem is getting bigger

Yes, they are colluding and sleeping in the same bed together.  They find Bitcoin to be such an existential threat, and the writing is on the wall that a banks aremn't really needed.

African banking system (Nigeria Precisely) it's a total scam. Like you said they are just like their politicians. Starting from how they defraud customers of their funds by little funds most times no reason for deduction to their por customer service.
Crypto currency main goal is to eradicate this fraudulent banking system and pave way for decentralization and transparency where we don't need to worry about calling any customer support when you notice any kind of fraudulent active on your account, everything can be done by user.
I have fully embrace crypto, it's only when I want to make purchase from shops I credit my account and make payment with my card. I distrust my bank up to the extend that I don't allow money stay more than 24hrs without using them off.

Me neither, still I don't claim to know everything on this world and strange / meaningless things can happen.
And although OP has done mistakes and now he went overly defensive, it could have been nice to see him clear this up.

@Agbe: you've started this topic with a mistake (and I'm being nice) related to the images. People getting now overly cautious about your every word is pretty much a normal development. So (as an advice you take into account or not, up to you) you should calm down before any answer you want to give.

I don't think banks will ever die simply because they have governments' full support. They will simply create their own digital currencies to "compete" with Bitcoin. People will stay with Fiat even if they won't have full control over their money. If only Bitcoin had widespread merchant acceptance and price stability, things would've been different. The vast majority of businesses and merchants accept Fiat on top of Bitcoin, so there's that. At least, people have an escape route from the current monetary system controlled by central banks and governments worldwide. As long as decentralization prevails, it'll be possible to enjoy true financial freedom. Just my thoughts ;D

Once governments themselves become decentralized, or at least something similar to it, we will never have to worry about banks or other institutions having an unfair and unjustified advantage over us in the form of arbitrary government-dictated regulation. If the people will want to have banks, they will have banks. If they do not want banks, they will not have banks. There will be no more "you need to have banks, whether you want or not". Bitcoin is the very first form of the new democracy, a true democracy. I believe this will definitely evolve into other areas other than finance in the future. Especially politics.

i think a few people are knitpicking wording..

from what i have read.
the OP made a post about banks where they state 24/7 E banking(wire transfers via the website) which got confused with using physical ATM for physical cash withdrawals being limited to bank opening hours

where ATM's also limit withdrawal amounts much like banks cashier/assistants also limit peoples ability to withdraw physical cash.

however bitcoin has no limitations like these.

..
here in the UK i have seen ATM's limit withdrawal amounts and also not function 24/7 because they are machines inside the building of a bank, meaning you cant use the machine if its behind a door that only opens during business hours (same is true for some independant ATM's found in small convenience stores that only open during retail hours)

yes independent ATM's that you see randomly around town outside of buildings are different to the ones that are physically inside a building location.
but even the ones randomly located are also limited to withdrawal amounts. even if they are operational more 24/7(apart from maintenance/low cash available times)


we all think that fiat currency is "ours", where we should be allowed full access to as much as amount is supposedly "ours".. but here is the thing. it is not "ours".
yes we earn the value with our time/labour. but not the product that value is locked into. which then limits how much of the 'value' we then get
(same as not your key not your coin)

it is property of banks. it is their invention and their product, they allow us to use fiat at their discretion. they can recall bank notes, take bank notes out of circulation. change exchange rates. they can even use court orders to seize funds or lobby new laws to take balance/value/funds/cash away from us at their discretion

we, as users of fiat do not have discretion to barter with banks. they make it, they distribute it, whereby they set the terms to receive it back or hand it out.

yes we have been lulled into a sense of trust that its our money. and banks are servicing us.. but the factual truth is century ago. people put real value into banks in swaps for THEIR product(gold/silver standard promissory notes). and slowly over decades. we became complacent to use THEIR product for convenience. thus they gained control of our value until they decided to de-peg our value (gold standard de-peg) to be meaningless and then set up their own value system.

..
however

bitcoin is not a currency made by any company or entity that owns the patent/control outright. btc once in our own keypair control, then the value associated to the keys belongs to us and its our sole discretion who we hand it to and barter with.
to take all of bitcoin out of circulation is next to impossible requiring destroying all blockchain copies of hundreds of thousands of nodes simultaneously and also making mining obsolete. aswell as stopping all development from simply using a milestoned backup copy saved hidden away to restart a halted network

I have no issues here with the Information, we see and hear them day in the life, the thing is that currently in Nigeria, you rarely see such happening cause of the wide use of POS along the streets ( Point of Sale ), banks off course gets crowded but not that much, last time I did account upgrade at a bank it wasn't much of a hassle for man to accomplish, stuff's like the image tell happened or happens during festive and festival periods like Easter, Christmas and New Year's.  You'll see banks crying they're short of cash,but with  wide spread of POS this reduced than it used to be. People hardly visit the banks to get fund's since they can just do alongside the streets.

But then, so much alike with the same pics you brought up, good it's all cleared out now. And Africa and Nigeria! People are just scared of dead, I think this politician's needs brute force. Doing harm to the first 200 will chase others away from the country,  like-minded people everywhere but who will Bell the cat ? No body wants to die, everyone looking for means to leave the country, I ponder and wonder how they sleep at night, when they can't even fight for them rights.

Bitcoin is a good aid but we can't just leave the  fiat currencies real quick

This is the true reflection of what is happening here in my country there have been a lot of changes in the banking system and since after the covid, 19 lockdown banks have not resumed full operation so bank customers have resulted in the use f the services of POS agents who are also now part of the banking sector.
Recently I received an email from my bank that there will be cutting down on the banking operation time and customers should make use of their online Cash point services from recent statistics, banks make up to billions of profits from their pos operation and this has encouraged innovation in the mobile bank agents sector f the bank.

I understand your argument for Bitcoin and support that too but why then didn't you just take the actual picture of the day you had the incident in the Bank instead of referencing the pictures that were not? You do realize that the pictures were the cause of the argument and that you were just trying to tell us a story we already know about Nigerian Bank and also not to say that some ATMs don't work 24/7 as you also claimed yourself, "what happened to someone does not affect others" your area might be so and other areas might not be, so you can't generalize.

bitcoin is indeed the right choice to overcome the problems you mentioned above because with bitcoin we can control our own assets safely and many more advantages of bitcoin that you may already know. and about the bank problems you are experiencing, from my experience not all banks are like that, in my country banks really serve well even to remote areas, so in my opinion what should really be changed is the government or the bank owner, so that they can try to improve their services properly, because in my personal opinion it is not a bank or bitcoin problem but the honesty of humans who are experts or manage these fields.

This is the condition in most of the countries. Banks know how to exploit and even manipulate when required. I have also noticed that they do not disclose the whole term & conditions while availing for their any service and make people suffer.

I said it before and will continue to say it. I like what Bitcoin stands for and will always be pro-Bitcoin but this does not mean we should not trash the banks that have saved us all the while even though we know they have flaws.
When we didn't have the ATMs it was a problem when the banks close, we have to wait till the next day for you to be able to do cash transactions, now the ATMs have been provided but people that want to withdraw $100 or below want to queue with people that want to withdraw $1000 and above in the banking hall  :-X
I personally cannot remember going to the bank in a number of years because of the ease of online transactions and POS units, I guess we are all different. I know some of us see all negative about the small fees by the banks but we also seem to forget how people also in this forum complain about crypto transaction fees, I guess we all want these services for free.  ;D

Necessary is the mother of invention, and that's true fact. If you don't face this kind of situations, you won't be able to find the difficulty they have with the bank system.
Also the facts about banks controlled by government is true. Some days ago many banks have gone bankrupt in my country due to the global crisis.
They have declined to withdraw money which is not theirs. And yet people still think banks are better than BTC or Crypto. They will learn eventually one day.

This has been happening all over the world. But it seems things are getting even worse today with prices increasing big time while fiat is losing so much value in just a short time. And so people need to take out savings to support their needs or to even save them from further losing value. The problem is that banks are losing liquidity in the process. And to also save their existence, account or withdrawal freezing is implemented everywhere.

This makes me feel like we're at the worst of economic times. In fact even Bitcoin, the best alternative right now, is not doing well. People seem to need more money than ever.

I don't believe it is appropriate when we try to characterize banking institutions that have been serving us poorly in our attempt to make bitcoin seem like the sole savior of our economic and financial world. I am aware of the flaws that financial institutions have, which I do not hesitate to bring out when necessary, but portraying bitcoin as a flawless substitute bothers me. In Nigeria, just as there are people offering bitcoin P2P services, there are also mobile money agents to mitigate these lapses. In our local parlance they are called "POS business". Furthermore, these operators in my opinion, are efficient and reliable -  they operate late into the night and are first to open shops to render their financial services. In addition, they are situated all over the place. One may not need to board a cab to get to them. I can hypothetically say that the ratio of the mobile money operators to the population is 5:1.

	https://i.imgur.com/Yh0Ewp7.jpg	https://i.imgur.com/uwSwLTF.jpg
	Image source:https://www.entlifeonline.com/start-pos-business-nigNigeriaana/	Image source: https://techpoint.africa/2021/07/15/pos-business-in-nigeria

This is what I love about the bitcoin space, because here I don't find the same thing as what we experienced when we came to Bank. Things like this are what we need, simple, don't waste a lot of time in the transaction process, and we don't even need to move from our seats.
I've had things like the OP's experience so many times, I don't even do anything in an emergency. This is detrimental to us, in addition to wasting time, our energy is also wasted. What used to be able to do something more important, it must be wasted time on useless things.

Truth be told before the introduction of mobile money agents otherwise known as POS operators, it was very difficult for most of the people in Nigeria to make cash withdrawals without experiencing one problem or the other with the bank or probably network challenges. Since the arrival of bank agents, millions of people have lost their lives as a result of thieves trying to rob them of their funds after withdrawals so despite having pos operators all over the places to reduce the banking stress, the challenge of risk and lost of lives and funds which is one of the disadvantages of fiat currency has always be there. With bitcoin, you can't experience all these problems unless you expose your funds to thieves or scammers, of course we know that P2P transaction is faster, easier and more reliable than bank transactions.

Bitcoin have provided us with better alternative to fiat currency and at that since the global cashless society began amidst the global warning and high inflation rate, POS as a digital agent have become so relevant and have provided urgent financial services and lately I have read about one that accept Bitcoin in exchange to local Nigeria currency and this is a great move and financial transactions are becoming more simple and easy to do lately as technology keep advancing a lot of alternative to banks are coming up.

People will always prefer banks on top of crypto, because they're backed by the full faith and credit of the government. The public doesn't care about the negative effects of centralization as long as they get convenience in return. You can spend Fiat anywhere you want, but you can't do the same with crypto. Despite Bitcoin's ever-growing success, it's still relatively new to the world. What "kills" it is the volatile market prices. At least, people have an escape route from the traditional banking system. As long as decentralization prevails, we won't have to worry about banks taking over the world ever again. Just my opinion :)