Banks Suck

[Kprawn]

Your words are music to my ears.  

Every time someone complain to me about their banks, I answer them with this... "Why do you not switch to Bitcoin?"

You stand before them with the Blue pill and the Green Pill.... They already had a taste of the Blue {Banking} pill... and the experience was bad... You are giving them the option to take another pill... They can chose to stay with the Blue pill, or they can try the Green pill.

Go Neo... Try the Green pill   ...You will realize the truth, when you take the Green pill.... {The Blue pill is not your only option anymore}

This puts me in the mood, to watch "The Matrix" again.  

So you're recommending people to switch to bitcoin, in terms of transactions? If they want to send somebody money, they need to convert their money in btc and send that btc to somebody who also has a bitcoin wallet. If you are recommending people to switch to bitcoin to store their savings, you think they wouldn't fucking kill you if they put their life's savings in bitcoin and there is a spike down and they lose more than half of their savings? What will you say to them in terms of emergency then? 'HODL?'

You can recommend something to someone and explain the pro's and con's to them, and leave the decision to them. I am not putting a gun next to these people's heads and forcing them to switch to Bitcoin.

I show them, that there are other alternatives to what they have at the moment.

It's still a high risk, and I make sure to highlight these risks, when I introduce them to Bitcoin. It's just a great conversation starter, if someone starts to complain about their bad experience with their banks.

One of the people I introduced to Bitcoin, sold some of his shares and bought Bitcoins with it. He made a $6040 profit from selling it. That profit was for a 2 months investment... His yearly profit from that, would

have been $2034. It's things like this, that make me smile... He knew all the risks, and went for it... I got a FREE lunch and a friend for life. 

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[Amph]

as we know that central banks are currently the dominant structure nations use to manage their economies. and they have monopoly power and are not going to give up that power without a fight,meanwhile Bitcoin and other digital currencies have generated significant interest for better curency than fiat, but government support for them is virtually nonexistent.

not that significant, i still find the interest in crypto a tiny drop in the ocean compared to fiat, there is the need to catch many more people's interest, if you want to compete with major circuit and bank, right now we can at best compete with paypal and all its clone

[Possum577]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

What bullshit! If they had the cash on hand to cover the amount AND it was an amount that wouldn't leave them vulnerable until Monday they absolutely should have cashed the cheque for you!

Aren't you glad that your account isn't with this bank?

[freeyourmind]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

[grendel25]

I wonder how much we'll awaken as a civilization in this next decade.  Corporations are constantly being revealed as fraudulent so maybe if we talk to our political reps we can actually see some change happen.  Slow change is better than no change at all.

[notbatman]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

[pigzone]

Ya the bank has been really sucky these days bitcoin is better

[mearylll]

Ya the bank has been really sucky these days bitcoin is better

Banks have become sucking only because now we are the owners of bitcoins. Or else before bitcoins came into existence we didn't had any other option rather than using the banking system for sending and receiving money but now things have changed and it will change in the coming years.

[freeyourmind]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking?  And is that how banks in general work where you are or just your particular bank?

[notbatman]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking?  And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

[Gyfts]

Welcome to fiat currencies. Where a 3rd party entity suddenly can take control of your money and do whatever they please with it without facing consequences under law. Happened in Greece, happens everywhere. It's not something that can ever be trusted with large sums of money. They'll screw you over 10/10 times.

[Q7]

The good thing about bitcoin is that it is available 24 hours a day regardless of whether it is weekday or weekend, you can practically perform cross border transactions and have the fund available in just a matter of hours. Consider that with banks, it will probably take at least a week and you haven't even consider about the fees just yet.

[qiwoman2]

The good thing about bitcoin is that it is available 24 hours a day regardless of whether it is weekday or weekend, you can practically perform cross border transactions and have the fund available in just a matter of hours. Consider that with banks, it will probably take at least a week and you haven't even consider about the fees just yet.

This is one reason we need Bitcoin more widely accepted and available. It is time many of us started educating members of our family and friends..If all of us got our families and friends just to buy a small portion of their spare funds and turn it into BTC we could start a new world economy of avid savers! 

[Amph]

I just visited the bank... denied until Monday.  

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking?  And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

this is the trump card of bitcoin, if more banks can act in "sucky" way, people around the word would recognize more the merit of bitcoin, and start to use it more

it's not a matter of convincing them, that bitcoin is better(which is), but that what they are using right now sucks in comparison

[greBit]

Welcome to fiat currencies. Where a 3rd party entity suddenly can take control of your money and do whatever they please with it without facing consequences under law. Happened in Greece, happens everywhere. It's not something that can ever be trusted with large sums of money. They'll screw you over 10/10 times.

Fiat currencies: Bunch of paper given to the masses fooling them that they own it. Banks: Financial institutions that smile at you when you first make an account at their bank, don't even respond to you 3 months later when you're standing in line for 2 hours. Bitcoin: Possible escape from the controlling nature and rule of men with power, but practically unknown to the masses.

[oblivi]

Your words are music to my ears.  

Every time someone complain to me about their banks, I answer them with this... "Why do you not switch to Bitcoin?"

You stand before them with the Blue pill and the Green Pill.... They already had a taste of the Blue {Banking} pill... and the experience was bad... You are giving them the option to take another pill... They can chose to stay with the Blue pill, or they can try the Green pill.

Go Neo... Try the Green pill   ...You will realize the truth, when you take the Green pill.... {The Blue pill is not your only option anymore}

This puts me in the mood, to watch "The Matrix" again.  

So you're recommending people to switch to bitcoin, in terms of transactions? If they want to send somebody money, they need to convert their money in btc and send that btc to somebody who also has a bitcoin wallet. If you are recommending people to switch to bitcoin to store their savings, you think they wouldn't fucking kill you if they put their life's savings in bitcoin and there is a spike down and they lose more than half of their savings? What will you say to them in terms of emergency then? 'HODL?'

You can recommend something to someone and explain the pro's and con's to them, and leave the decision to them. I am not putting a gun next to these people's heads and forcing them to switch to Bitcoin.

I show them, that there are other alternatives to what they have at the moment.

It's still a high risk, and I make sure to highlight these risks, when I introduce them to Bitcoin. It's just a great conversation starter, if someone starts to complain about their bad experience with their banks.

One of the people I introduced to Bitcoin, sold some of his shares and bought Bitcoins with it. He made a $6040 profit from selling it. That profit was for a 2 months investment... His yearly profit from that, would

have been $2034. It's things like this, that make me smile... He knew all the risks, and went for it... I got a FREE lunch and a friend for life. 

From my experience it's the best way to go about it. Just mention Bitcoin vaguely, explain it's important for the future and so on, but don't directly tell them to convert money into Bitcoin. Those that are curious will investigate by themselves and take a decision. Those that only care about making money will probably ignore it because they don't see it clear or don't understand it and don't take it serious enough, but make no mistake, those people will be the ones that will tell you "why the fuck you didn't tell me to invest when it was only 300USD?" and may be even pissed off at you.

[freeyourmind]

I just visited the bank... denied until Monday. 

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking?  And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

I understand that, but that's not what I was asking.  But you also can't spend your bitcoin when you go to the market, so it's not a solution yet.

If you don't want to share that information, just say you'd prefer to keep it private.

[Acidyo]

Banks are always going to "suck" - Their will never be a day when everyone loves banking practices. There are too many banks screwing the public daily that their will always be some bad press about it daily.

[countryfree]

I see that many people don't like banks here, but we still badly need them. Only a handful of people are able to buy a house without getting a loan. And millions of businesses would be unable to survive without credit. Countries are no better. Greece would have disappeared without credit.

[Slark]

I see that many people don't like banks here, but we still badly need them. Only a handful of people are able to buy a house without getting a loan. And millions of businesses would be unable to survive without credit. Countries are no better. Greece would have disappeared without credit.

That is exactly the problem banks created. We are living on a debt which is increasing dramatically as we speak.

In a world where 1% of the population owns 40% of the planet's wealth... In a world where 34,000 children die every single day from poverty and preventable diseases, and where 50% of the world's population lives on less than 2 dollars a day... One thing is clear. Something is very wrong. And whether we are aware of it or not, the lifeblood of all our established institutions and thus society itself is money.

The fractional reserve policy, perpetrated by the Federal Reserve, which has spread in practice to the great majority of banks in the world, is, in fact, a system of modern slavery.

You can learn why we Banks are even worse than we thinkand Why Our Money System is Flawed: https://www.youtube.com/watch?v=prcu7sjjg_Y