[2015-09-23] The ACCC to look into banks discriminating against bitcoin entrepre

[milaliss]

The ACCC to look into banks discriminating against bitcoin entrepreneurs
The Australian Competition and Consumer Commission is going to investigate whether the closing of the bitcoin traders' accounts by the country's largest banks complies with law.
http://www.coinfox.info/news/3142-the-accc-to-look-into-banks-discriminating-against-bitcoin-entrepreneurs

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[Kprawn]

This rings very true :

“There are clear laws that we've got against businesses refusing to supply other businesses if they do so for an anti-competitive purpose,” said Senator Canavan.

Let them waste loads of money defending their behavior in courts, while Bitcoin friendly banks in other countries get the edge and evolve with the change in the industry.

It's this kind of tactics keeping them in the lead... but Bitcoin will not be stopped and will disrupt and replace them in due time. It's a fruitless waste of time and money.

I do not support banks like this... there are too many options to pick where I live.  

[fancy_pants]

Banks are by and large creating in house block chains so that they don't have to fight bitcoin on bitcoin's turf.   Not sure why bitcoin entrepreneurs think it's a good idea to fight banks on bank's turf.

[notthematrix]

Banks are by and large creating in house block chains so that they don't have to fight bitcoin on bitcoin's turf.   Not sure why bitcoin entrepreneurs think it's a good idea to fight banks on bank's turf.

In house blockchains are useless that is what we know , the banks dont know it yet but the developers they hired for exploring blockchain will all explain them.
The bitcoin blockchain is the only working blockchain.
and you will be suprised how bankers might think....

https://www.youtube.com/watch?v=jIOBYqRGr10 please read this book!
you will be shocked but also hopefulll.
http://www.faber.co.uk/9781783350643-swimming-with-sharks.html

[notthematrix]

a other good article  over why the banking system is the problem not the  banking people.

people fuming at the banks are quite likely to pay into pension funds that force banks to do this. We have power from our investment decisions. If you put your savings into the account that pays the most interest, you’ve fallen prey to the same dynamics.”

And even now our society celebrates financiers. “As a mother, if you say ‘my son went to work for Goldman Sachs’, no one thinks you failed. We glorify jobs that make people unhappy.”


http://www.standard.co.uk/lifestyle/london-life/joris-luyendijk-bankers-are-the-best-paid-victims-we-should-hug-them-not-be-angry-a2952051.html