My bank account's got robbed by European Commission. Over 700k is lost.

[trilightzone.org]

This is why Bitcoin will take over the world. Good money drives out bad.

Someone compared cryptocurrencies to the early stages of the internet, that basically sums it up in a positive way. A future where people have a real say on whatever is called money without the need to centralize it.

[Behemot]

Given that, one needs to remember then to keep your balance at all the banks well below the insured amounts.  If you need to have multiple accounts and/or accounts outside the EU to do so, that would be prudent.  The problem there is that as of now it doesn't appear that the EU (or US or ...) would aggregate accounts from different banks and only insure the amount of to the limit (e.g. 90,000 at 10 different banks combined would be over the limit), but I would not put it past the power-hungry politicians to do so at some point if needed.

Yeah, that's just great. So you have company with say 10 milion euro revenue annually. You need to buy equipment for 1 milion. So you are going to disperse that through 11 accounts? ORLY

[cr1776]

It certainly is not ideal, but the alternative is the chance of what happened to Zeroday that started this thread.  ;-)  

An option is to perhaps use a single account that is based outside the EU or in one of the more stable EU countries that does not yet seem likely to do a bail-in any time soon.  There are certainly countries that seem more likely to do one that others.  

Given that, one needs to remember then to keep your balance at all the banks well below the insured amounts.  If you need to have multiple accounts and/or accounts outside the EU to do so, that would be prudent.  The problem there is that as of now it doesn't appear that the EU (or US or ...) would aggregate accounts from different banks and only insure the amount of to the limit (e.g. 90,000 at 10 different banks combined would be over the limit), but I would not put it past the power-hungry politicians to do so at some point if needed.

Yeah, that's just great. So you have company with say 10 milion euro revenue annually. You need to buy equipment for 1 milion. So you are going to disperse that through 11 accounts? ORLY

[xchrix]

can someone please sum up the latest news? there is so much information in this thread. wish i had time to read it as whole

[infested999]

can someone please sum up the latest news? there is so much information in this thread. wish i had time to read it as whole

What "news"? The money is lost and they don't give any information to where it is or how he can get it back.

[zeroday]

Money is completely lost. There is no chance to get it back. EU just fucked all of us and the whole Cyprus.
Some asshole lawyers charged Cyprus robbery victims $10k for filing a claim, but all claims were rejected by supreme court confirming that robbing bank's depositor is normal business practice in EUROZONE.

[freedomno1]

Money is completely lost. There is no chance to get it back. EU just fucked all of us and the whole Cyprus.
Some asshole lawyers charged Cyprus robbery victims $10k for filing a claim, but all claims were rejected by supreme court confirming that robbing bank's depositor is normal business practice in EUROZONE.

This is why Bitcoin will take over the world. Good money drives out bad.

My condolences to you, and rage at incompetent government grows.

[tinus42]

Money is completely lost. There is no chance to get it back. EU just fucked all of us and the whole Cyprus.
Some asshole lawyers charged Cyprus robbery victims $10k for filing a claim, but all claims were rejected by supreme court confirming that robbing bank's depositor is normal business practice in EUROZONE.

The only thing people do when their bank accounts are stolen is complaining, e.g. by banging on pots and pans (Argentina 2001) and writing NO on their hands (Cyprus 2013). As long as there are only benign protests banksters and politicians will keep on stealing.


Your bank account is still seized. What are you going to do about it?

[freedomno1]

Rebuild the nation from scratch with a revolution from the grassroots?
Rebuild the economy using Libertarian roots
Break the EU pact
Launch an independent nation that accepts bitcoin as primary currency
Create an army to control it

Profit

(Code Geass moment)

[infested999]

Rebuild the nation from scratch with a revolution from the grassroots?
Rebuild the economy using Libertarian roots
Break the EU pact
Launch an independent nation that accepts bitcoin as primary currency
Create an army to control it

Profit

(Code Geass moment)

Idiotic, 99% of the people in the EU don't know what fiat means and think Bitcoin is one big Ponzi.

[freedomno1]

Rebuild the nation from scratch with a revolution from the grassroots?
Rebuild the economy using Libertarian roots
Break the EU pact
Launch an independent nation that accepts bitcoin as primary currency
Create an army to control it

Profit

(Code Geass moment)

Idiotic, 99% of the people in the EU don't know what fiat means and think Bitcoin is one big Ponzi.

Ha-ha Refer to
https://bitcointalk.org/index.php?topic=216139.0
https://bitcointalk.org/index.php?topic=235081.0
https://bitcointalk.org/index.php?topic=224478.0

The nation version XD

[cr1776]

As long as it isn't the "Duke Dukem Forever" version.    
(which alas seems likely given the state of the world as of today...)

Rebuild the nation from scratch with a revolution from the grassroots?
Rebuild the economy using Libertarian roots
Break the EU pact
Launch an independent nation that accepts bitcoin as primary currency
Create an army to control it

Profit

(Code Geass moment)

Idiotic, 99% of the people in the EU don't know what fiat means and think Bitcoin is one big Ponzi.

Ha-ha Refer to
https://bitcointalk.org/index.php?topic=216139.0
https://bitcointalk.org/index.php?topic=235081.0
https://bitcointalk.org/index.php?topic=224478.0

The nation version XD

[Carlton Banks]

5 Create an army to control it
4 Launch an independent nation that accepts bitcoin as primary currency
3 Break the EU pact
2 Rebuild the economy using Libertarian roots
1 Rebuild the nation from scratch with a revolution from the grassroots?

0 Profit

(Code Geass moment)

FTFY 

[molecular]

Rebuild the nation from scratch with a revolution from the grassroots?
Rebuild the economy using Libertarian roots
Break the EU pact
Launch an independent nation that accepts bitcoin as primary currency
Create an army to control it

Profit

(Code Geass moment)

Idiotic, 99% of the people in the EU don't know what fiat means and think Bitcoin is one big Ponzi.

oh yeah, and there's just NO WAY TO CHANGE THAT?!?

[freedomno1]

5 Create an army to control it
4 Launch an independent nation that accepts bitcoin as primary currency
3 Break the EU pact
2 Rebuild the economy using Libertarian roots
1 Rebuild the nation from scratch with a revolution from the grassroots?

0 Profit

(Code Geass moment)

FTFY  

I see what you did there they already got their profit so the timeline logically works this way too unfortunately Touche Touche

[ReCat]

Well, aint that some shit. May bitcoin take over the world.

IN NONE WE TRUST.

[infested999]

Well, aint that some shit. May bitcoin take over the world.

IN NONE WE TRUST.

In Crypto We Trust

[ReCat]

Nonono, In None We Trust sounds better.

[cr1776]

In None We Trust sounds better.

In NONCE We Trust sounds better.

ftfy ?

[xxjs]

Nonono, In None We Trust sounds better.

I like it.