You should never trust banks

[OrangeII]

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I felt that from the consent of the bank, and the government, fiat issued. Therefore, trust the people of the bank increased. Besides, the bank is a mandatory program that was owned by the state to issue fiat. do not trust the bank, then you do not believe in fiat that you are currently using. I think, this is not the right time to not believe in banks.

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[Viscore]

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I felt that from the consent of the bank, and the government, fiat issued. Therefore, trust the people of the bank increased. Besides, the bank is a mandatory program that was owned by the state to issue fiat. do not trust the bank, then you do not believe in fiat that you are currently using. I think, this is not the right time to not believe in banks.

We are only eating our statement not to trust bank when we are still using fiat. True that there are other banks who are not compliant with the law but they will be penalized as the government will always protect the right of the people who put them in their position now.

Not because there are some banks that are not trusted, we would not trust anymore the whole banking system. Not a good thinking..

[carlerha]

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

State banks will never fall, but the fact is that if you invest money in them, then the interest rates will be considerably lower than in the comercial. Therefore, the choice does everyone here. While agree that the risk of losing their savings to a minimum.

I think this is not about great interest given by banks. but I think all the banks under the government in each country. all banks are among the most secure and reliable dude ?

yes no doubt about this that banks are still very strong as they have the support of the government but i think bitcoin is also become more and most stable as time pass. i think government is indirectly supporting bitcoin and i am hopeful that in future bitcoin will be more stronger that its present position.

[BingoDog]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

[bajing]

I trust only banks which ran by government private banks take your money to cover their profits on way or another.

I think anything under government will be reliable mate. the government will not likely do a scam, even the government is prepared to be responsible for all damages that causes by the bank

Than why government are giving permission to private banks, really private banks charges are really very high. Why can't government start different banks according the cities so that people's money be safe. Instead of paying high transaction fee government should understand all these ethics to overcome different type of problems being faced by common man.

I felt that from the consent of the bank, and the government, fiat issued. Therefore, trust the people of the bank increased. Besides, the bank is a mandatory program that was owned by the state to issue fiat. do not trust the bank, then you do not believe in fiat that you are currently using. I think, this is not the right time to not believe in banks.

We are only eating our statement not to trust bank when we are still using fiat. True that there are other banks who are not compliant with the law but they will be penalized as the government will always protect the right of the people who put them in their position now.

Not because there are some banks that are not trusted, we would not trust anymore the whole banking system. Not a good thinking..

I think in fact all people believe with bank, they say the opposite maybe because they not get profit from saving money in the bank, I guess we can not say like that's because bank only offered as a safe place to save money.

[pokerplayer]

Yea that is bad answer for me because I want some bank in which I can trust but I trust in this topic answer that we dont need to trust so I trust only to myselft and nobody other because today world is place where you cant trust to almost nobody.

[Supercrypt]

in fact banking system is present for a long time. government are supporting them and that is the reason that we can trust on banks. but now bitcoin is also becoming more and more popular and people are now investing money there. therefore bitcoin is also becoming reliable and trusted.

Yes, there is no doubt about this that bank possess the support of government, actually banks are doing this for long time. But we also have to accept the fact that bitcoin have the support of the people and that is more stronger than the government support.

If people reject a thing then every government cannot make the thing worth, and if people will give preference to something then the government will helpless to reject that.

[nara1892]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

yeah, but it will be good to be carefull to invest your money in banks because this is an example of kind of crime bank can do. however, bitcoin comes to defeat the system of banks. so just use what you prefer.

[BitMaxz]

in fact banking system is present for a long time. government are supporting them and that is the reason that we can trust on banks. but now bitcoin is also becoming more and more popular and people are now investing money there. therefore bitcoin is also becoming reliable and trusted.

Yes, there is no doubt about this that bank possess the support of government, actually banks are doing this for long time. But we also have to accept the fact that bitcoin have the support of the people and that is more stronger than the government support.

If people reject a thing then every government cannot make the thing worth, and if people will give preference to something then the government will helpless to reject that.

Due to anonymity of bitcoin government still not accept bitcoin as a place where we can place our money and save..
Bank still the best place where we can save our money in safe place. bitcoin still many disadvantage like the price fluctuate unlike other currency are stable.
We should trust bank since we can start a case if there are frauds happen unlike bitcoin if you scam you can not recover your money..

[gandame]

I don't think why others don't trust banks, but its their conviction and we have our own free will to think. There nothing wrong with trusting banks as long as the bank have the best fund security and it complies with the standard that is required to handle the protection of depositors, it can be trusted. Don't lost the trust in bank because if you do that maybe you could not get your fiat being cash out through bank if banks is not legit.

[mirakal]

I don't think why others don't trust banks, but its their conviction and we have our own free will to think. There nothing wrong with trusting banks as long as the bank have the best fund security and it complies with the standard that is required to handle the protection of depositors, it can be trusted. Don't lost the trust in bank because if you do that maybe you could not get your fiat being cash out through bank if banks is not legit.

Banks operate with transparency as they have the rules and regulations to follow which was impose by the government, that fact alone would make us feel safe with depositing our money in the bank. However, there are people in the bank who might divulge your private information for their interest and that will make your life at risk, that is the big difference with putting our money in bitcoin where information are encrypted.

[pokerplayer]

I more trust to the biggest lier which I know then to somebody from bank and to bank leaders and our govrement because they are only working against us never good things.

[DRaGoN RaNTaRo]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.

[slapper]

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

That's so bad. What happened with your bank? However, I think you did something against the law. Banks will not close bank account for no reason. I suppose you should contact the bank managers personally to know the reason. I can't stand on your side because I did not see the bank's side yet.

ACtually, they have the authority to close what they want and do what they like. Closing accounts are more comfortable than being stolen money directly from the bank. In my country, there are several issues with banks which people lose their money and the bank reject to solve the problems. I guess that we all hate bank since they are created to against and us

[agamasrori]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.

I agree that bitcoin does not need regulation of the country to be used worldwide. banks can limit the number of cash withdrawals each month and interest rates are also unprofitable customers. so I do not trust the bank's performance although the bank still has a positive side.

[Finestream]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

We do not need any country regulating bitcoin ,as long as we have buyers and sellers we can transact without any boundaries .You cannot trust a bank when there is economic turmoil as you cannot have full control over your assets and there are high chances that the government could freeze your assets,you never know what would happen and for that we need bitcoin as you control everything.

I agree that bitcoin does not need regulation of the country to be used worldwide. banks can limit the number of cash withdrawals each month and interest rates are also unprofitable customers. so I do not trust the bank's performance although the bank still has a positive side.

You wish we control this world, there is no way that bitcoin will not be regulated, the banking industry is very strict in implementing a transparent transactions to avoid illegal activities and they see bitcoin can be a tool for such transactions. With the growing numbers of adopters, they will be more strict in monitoring the exchanges and enforce compliance on the law.

[Pattart]

Many people would like to have the choice, to deal with banks or not. Unfortunately that is not often the case and many people have to do business with banks and rely on them because Bitcoin is not so widely accepted and regulated. We all hope this will change in the future.

yeah, but it will be good to be carefull to invest your money in banks because this is an example of kind of crime bank can do. however, bitcoin comes to defeat the system of banks. so just use what you prefer.

I want to ask you. what crimes committed by the bank? I think the bank is very much help to conduct transactions with ease. even to withdraw your money from bitcoin. you need help from the bank right ?

[mirakal]

My bank closed my account last year for no reason, and all money in my account was gone. I argued with the bank, even contacted the local government, no use. My bank just stated that "Pursuant to the CMA Disclosure and Agreement, 'THE BANK, at its discretion, may elect not to accept an account, terminate the account agreement and the account agreements of any related parties'. Both parties to the agreements have the right to end the relationship at any time and neither is obliged to provide a basis for such a decision to terminate". No single word explaing the termination was given to me. I contacted all banking lawyers online, and they were all representing the bank, not the customers. The money I lost can buy a new Mercedes. However, banks around the world now are too powerful. They are too big to fail. When you open an account in the United States, and probably also many other countries, you voluntarily give up the rights to sue the bank under their arbitrage clause. Even worse, they define the financial laws and enforce them. They can close your account, freeze and steal your property and evict you from your house. The more money you deposit into your bank account, the more you are helping the evil. I'm glad to see Bitcoin is changing all of these. Let banks die!

That's so bad. What happened with your bank? However, I think you did something against the law. Banks will not close bank account for no reason. I suppose you should contact the bank managers personally to know the reason. I can't stand on your side because I did not see the bank's side yet.

ACtually, they have the authority to close what they want and do what they like. Closing accounts are more comfortable than being stolen money directly from the bank. In my country, there are several issues with banks which people lose their money and the bank reject to solve the problems. I guess that we all hate bank since they are created to against and us

It's not like that, banks will not close whenever they want because they have laws and regulations to follow. They will be held liable if they do it illegally and deposits will be protected by the government. They can only close if such accounts are involved in illegal transactions and they receive the all formalities to close or freeze accounts.

[rickadone]

As my observations, some of the banks are bankrupt without any valid reason, without making some announcements and they are not trusted. People deposited in a bank in a way that their money is safe there, they think that they are trusted but they actually dont know that they are wrong. Some banks their is like a bubble it disappear and well sorry for your money, it will all gone and never came back. But there are some banks also that are big, famous and trusted one, so choose the best one

because the banks are third parties who at any time could be a scam. in my country there have individual bank, after the bank was quite large, then the owner went to bring the majority of bank funds. Here it is scary

they can't directly scam you, when they took your money away is because they are insolvent and they are going to declare bankrupt, this is the only case where they will lose your money and can't afford to pay back

The banking system will never lose and I have made sure that they insure many times to protect you, and only then will take any decisions. People are practically robbing, if you look at the percentage of transactions and loans.

Yes currently it is look like difficult the bitcoin will replace the banking system. As still most of the people ae depending on the fiat and even those who are using bitcoin they are also using fiat as their main currency and that is because they do not have the facilities to use bitcoin for purchasing everything. But still we are expecting that in future it will become possible when the users of bitcoin will increase.

[nicolecan13]

Bank is very important and its wrong to say that you shouldn't trust banks its so important to bitcoin cash out as exchange. Banking is very popular to people and being recognized by government as the safest storage of peoples saving as well as thier assets. Many business rely on banks and they are growing bigger as economy rises progressively.