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Author Topic: BofA and debit card fees  (Read 880 times)
bearbones
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September 30, 2011, 03:17:43 PM
 #1

http://www.washingtonpost.com/business/summary-box-bank-of-america-to-charge-5-monthly-debit-card-fee/2011/09/29/gIQAjODo7K_story.html

This has obvious implications for Bitcoin. Our conversation with the public just got much simpler. Why use Bitcoin? We don't charge $5/month for access to your own money.

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Elwar
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September 30, 2011, 04:02:27 PM
 #2

The banks just make things easier for us.


BofA is a gift to Bitcoins like Obama is a gift to liberty.

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Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
Links and Reviews of useful every day places to spend bitcoins: https://bitcointalk.org/index.php?topic=943143.0
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September 30, 2011, 04:47:04 PM
 #3

Eventually the public will figure out how silly it is to pay a fee to have a company store bits of data in a database for you.  When people start taking their money out of banks, then the banks will also realize how silly that is and they'll start paying you for access to your money.

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September 30, 2011, 04:57:02 PM
 #4

there are more news
http://www.bloomberg.com/news/2011-09-22/visa-mastercard-to-raise-fees-on-small-purchases-analyst-says.html
bearbones
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September 30, 2011, 05:13:42 PM
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It really is like they're trying to force people into looking at alternatives... Smiley

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Democracy is the original 51% attack


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September 30, 2011, 05:23:05 PM
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More like, they don't yet realize that alternatives exist, and they're acting on false assumptions...
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September 30, 2011, 07:33:31 PM
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More like, they don't yet realize that alternatives exist, and they're acting on false assumptions...

Their mistake. Lets capitalize! Smiley

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September 30, 2011, 10:30:13 PM
 #8

Just got a notice from Citibank that basic checking would be $10 a month starting in November. This is great news for Bitcoin, though of course terrible news for people stuck with traditional banks.

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danman87
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September 30, 2011, 10:43:56 PM
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So what are you guys doing? Closing your accounts and converting all money into BTC?
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