You should never trust banks

[Jewell]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

in my area although banks have the traditional way to use. as to visit a band use Check for depositing and withdrawal of your money, but most of the banks are trusted and the reason is that banks are under the control of government, even the private banks work under government influence  and therefore we can do trust on our banks without any doubt, i think all the banks are also insured therefore no chance to lose your money.

[Love!]

Government oversight of banks is useful as a safeguard for the customers, and that's about all it's good for. The U.S. Government is inept in 80% of what it does.

[squeaktartlet]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

[Victorycoin]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

I think op only told half the story, because banks as we know them depends on customers deposits to create more money, so I can't imagine any one of them closing their doors to a customer, except there are things that aren't straight with the account and that could attract the wrath of their masters - the governments.

[BeGoods]

On the one hand, they are needed, but you can do without them

I think in today's era of globalization it is impossible for you not to need and use the bank. Especially for office employees like me. My salary from the company is directly distributed directly to my bank account (which requires every employee to have a bank) so there's no way I can not trust and not use the bank)

[Osarman]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

Banks cannot be trusted and relatively are a slower way to make any transaction. Bitcoin on the other hand is one of the fastest way to secure and make payments with p2p (peer to peer) method It's confidential among two parties and nobody can steal this currency in anyway.

[mornabo]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

Banks cannot be trusted and relatively are a slower way to make any transaction. Bitcoin on the other hand is one of the fastest way to secure and make payments with p2p (peer to peer) method It's confidential among two parties and nobody can steal this currency in anyway.

Precisely when you make transactions with someone within the scope of one country. Banks are the primary choice to send money. Because the transaction is very instant When you click the send then the money is already in the account of the recipient. Better than bitcoin #imo
And I think the bank is protected by the government. So pretty safe

[chocolah29]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

Banks cannot be trusted and relatively are a slower way to make any transaction. Bitcoin on the other hand is one of the fastest way to secure and make payments with p2p (peer to peer) method It's confidential among two parties and nobody can steal this currency in anyway.

Precisely when you make transactions with someone within the scope of one country. Banks are the primary choice to send money. Because the transaction is very instant When you click the send then the money is already in the account of the recipient. Better than bitcoin #imo
And I think the bank is protected by the government. So pretty safe

We don't like banks but in fact we need them. We don't like them because sometimes there's a glitch that is happening like unauthorized widtrawals and other stuffs. But I think we should admit that somehow we also need them, how can we convert our btc to fiat if we didn't use banks? Online wallets are not so secured and when it gets hacks its all your liability and there's no way to get back your coins while in the bank and if this happens there's a possibility that you can recover what the hacker got from you because bank will be liable in what you lost.

[Wesimon]

Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands.

As much as possible many of us doesn't want to get involved with any bank transaction. But it is really  necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.

[iv4n]

Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands.

As much as possible many of us doesn't want to get involved with any bank transaction. But it is really  necessary to have a bank account especially when you are working. Just be wise enough so you wont end up being a bankrupt in your own account.

Most of the companies are forcing people to open bank account and to get their paychecks in specific bank. Freedom of choice? Of course not, boss of the company have a good deal for himself if he brings many new customers. And what is the main thing that bothers me, what happen if bank lose your money? Do you get any bonus for waiting? Do you get any bonus for fear for your wealth? Let me tell you if bank lose money then government is forced to give money back too you, and in any case bonuses, big fat bonuses will go to bank directors even they made a big mistake.
At the moment we are forced to use banks, and banks do so little for people that I don't know how they last for so long. Now with bitcoin people have alternative, after hundreds of years we have a weapon against banks, I hope that we will find a way to use it right.

[JohnBitCo]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.

[Finestream]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.

I never had a problem with banks and I think in our country most banks are transparent, I once ask for a loan and the interest are reasonable without any hidden charges. Central bank are also making an improvement to their system to serve the public the best that they can, transparency is what we are looking for and I commend the banking system in our country when it comes to implementation of the lending rules.

[deisik]

Most of the companies requires their employees to open a bank account for their payroll. So majority of the population uses bank to secure their assets especially their finances. There is a situation here in our country that one of the popular banks experienced a system glitch. Many of my friends got affected with the situation. They cannot do anything but to wait until everything was okay. The bank returned all the money that was lost from their account. This proves that banks wont just take away money for no reason. Same goes with the deactivation of the account without notifying the user. If you are always taking the legal process and following the rules of the bank then you're in good hands

But the reasons are likely not what you may think

The bosses are doing that not because they want to spite their employees somehow and make their lives more difficult, but they themselves are forced to make the employees open bank accounts where the company sends the wages of their workers. There may be two major reasons for that. First, the government may be urging the businesses to use banks so that the money flows would be more transparent for various government agencies (read less tax evasion and backdoor payments). And, second, it may be actually less expensive and convenient overall since the company won't have to pay for the CIT vehicles and big boys with guns



So it might make sense after all

[mrayazgul]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.

I never had a problem with banks and I think in our country most banks are transparent, I once ask for a loan and the interest are reasonable without any hidden charges. Central bank are also making an improvement to their system to serve the public the best that they can, transparency is what we are looking for and I commend the banking system in our country when it comes to implementation of the lending rules.

The public thinks everything is fine because they never saw the issues that were being covered up and then, boom, everything is hot water and the real issues start.

[Sweetbtc]

Are you sure you everything you did was legal? Just see how you say you're the victim, but nothing else.

The only problem is going to come when there are too many issues that come too quickly and after a series of bailouts5 and "loans" there is nothing left to use to build the falling walls back up.

I never had a problem with banks and I think in our country most banks are transparent, I once ask for a loan and the interest are reasonable without any hidden charges. Central bank are also making an improvement to their system to serve the public the best that they can, transparency is what we are looking for and I commend the banking system in our country when it comes to implementation of the lending rules.

The public thinks everything is fine because they never saw the issues that were being covered up and then, boom, everything is hot water and the real issues start.

But, for the time being and for some time to come banks are still safe because the government will step in if there is an issue and make it right. No one can deny that current economy runs on bank only.

[ImHash]

For hundreds of years banks have been the pillar of financial system, billions of people are using and depending on banks every day, there is nothing wrong with the idea of banking, this is the people we have problem with, they're the ones when have their hands on people's money they start to game the system, manipulation and abuses starts from there. Satoshi made the right call, he removed people and replaced them with code now we can trust the code which is providing a trustless system for us.

[Polar91]

Maybe the reason why your bank closed your account is it maybe because you did not meet the conditions stated the agreement between you and your bank. Or its just you do not maintain the specific balance you have to deposit in your account. Or just you have done a violation that is the reason to close your account. But banks will not just close your account without giving you a letter of notice. Maybe you just misplaced it or you just ignored that a pending motion against your account is given as a notice into you.

[Basmic]

For hundreds of years banks have been the pillar of financial system, billions of people are using and depending on banks every day, there is nothing wrong with the idea of banking, this is the people we have problem with, they're the ones when have their hands on people's money they start to game the system, manipulation and abuses starts from there. Satoshi made the right call, he removed people and replaced them with code now we can trust the code which is providing a trustless system for us.

I don't trust the banks and think they are all scams. I really like the idea of bitcoin, but I am concerned about such a large price increase. This can be a pyramid. And so I'm wary of crypto currencies.

[Ewinsane]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

Everyone banks are providing worse service according to bitcoin services. If we look at the history. Banks have destroyed people but didn't give them a extra income. But if we look at the history of bitcoin. It has changed the life of people. Convert poor into rich. So, in everything Bitcoin has a good history against banks.

[HeRetiK]

On the one hand, they are needed, but you can do without them

Simply there needs are much in most of the time. We can say banks are providing worse service, but the same is not happening with the every banks. Also people could have never grown to this extent in financial aspect if banks were not available. So in my view that play a big role in growth.

Everyone banks are providing worse service according to bitcoin services. If we look at the history. Banks have destroyed people but didn't give them a extra income. But if we look at the history of bitcoin. It has changed the life of people. Convert poor into rich. So, in everything Bitcoin has a good history against banks.

Without banks we wouldn't have modern trade and economics as we know it. So I dare say that the good outweights the bad. Bitcoin so far is only a blip in economic history. Let's hope it will become more than that.