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Author Topic: TRADEHILL BANK ACCOUNTS FROZEN!!!!  (Read 3229 times)
Ten98
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August 16, 2011, 01:29:46 AM
 #21


Yes, and they are the crooks who invented Visa and they probably now recognize that bitcoin is  a direct competitor, therefore expect them to do everything in their enormous power to kill bitcoin.

They may be the ones causing the current pricing upheaval as they certainly have both motive and ability.


You raise a very interesting point.

If and when the banks come to realise that Bitcoin is a competitor to their whole way of existence, how long before they refuse to to business with anyone buying and selling Bitcoins?

What value will an alternative currency be that you can't exchange for dollars?
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ffuentes
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August 16, 2011, 01:44:45 AM
 #22


Yes, and they are the crooks who invented Visa and they probably now recognize that bitcoin is  a direct competitor, therefore expect them to do everything in their enormous power to kill bitcoin.

They may be the ones causing the current pricing upheaval as they certainly have both motive and ability.


You raise a very interesting point.

If and when the banks come to realise that Bitcoin is a competitor to their whole way of existence, how long before they refuse to to business with anyone buying and selling Bitcoins?

What value will an alternative currency be that you can't exchange for dollars?

You don't need banks to exchange for bitcoins, in fact, you can't do it now through them.

Listen Radio Libre (Electronica) Donate. (click for details).

Chilean peso VS BTC ahora: http://irage.ca/2btc.php?a=1&c=CLP&r=1

My bitcoin address
Desolator
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August 21, 2011, 07:07:38 AM
 #23

Well what are the exchanges going to use, a big mattress?  We don't need banks but to cut checks and do wire transfers, they need em.
ffuentes
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August 21, 2011, 07:47:01 PM
 #24

Well what are the exchanges going to use, a big mattress?  We don't need banks but to cut checks and do wire transfers, they need em.

That's obvious, if you wanna fiat currency you'll need banks. Bitcoin does not need banks.

Listen Radio Libre (Electronica) Donate. (click for details).

Chilean peso VS BTC ahora: http://irage.ca/2btc.php?a=1&c=CLP&r=1

My bitcoin address
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