HSBC restricting cash withdrawals in UK

[RenegadeMind]

So legally you don't own the money you have in a bank. Is that what you are saying? Show me a law saying that.

CHALLENGE ACCEPTED~!

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2260952

More on the topic with commentary relevant to Bitcoin (CoInvalidation <-- this is the proper spelling):

http://www.dgcmagazine.com/what-a-landmark-legal-case-from-mid-1700s-scotland-tells-us-about-the-fungibility-and-the-very-nature-of-money-and-why-we-should-care-in-light-of-the-recent-coinvalidation-controversy/

The BANK owns your money. Not you.

[1715284968]

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[1715284968]

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[knightcoin]

luv to smash bones 

http://www.youtube.com/watch?v=BjvzJO-6ESc

[RenegadeMind]

luv to smash bones 

http://www.youtube.com/watch?v=BjvzJO-6ESc

It's over an hour and a half. Got a tl;dw?

[techgeek]

So legally you don't own the money you have in a bank. Is that what you are saying? Show me a law saying that.

CHALLENGE ACCEPTED~!

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2260952

More on the topic with commentary relevant to Bitcoin (CoInvalidation <-- this is the proper spelling):

http://www.dgcmagazine.com/what-a-landmark-legal-case-from-mid-1700s-scotland-tells-us-about-the-fungibility-and-the-very-nature-of-money-and-why-we-should-care-in-light-of-the-recent-coinvalidation-controversy/

The BANK owns your money. Not you.

This is on point. Hence fractional reserve lending.

Just go watch the four horse men on youtube.

[Erdogan]

Maybe this was a technicality or some bank serf overzealous to lick the leg of his master.

Anyway, if or when there is a bank run, things like limits to payments, withdrawal and technical glitches in the money dispensing machines will be the first sign.