Why I hate Banks and love Bitcoin :->

[NathanJB]

Circumstances like that really try your patience. That is the problem when transactions will pass through some middle agencies that are actually unnecessary. And the fact that the payments are not allowed in several modes will add to the hours of processing. Bitcoin would have made the payment a lot quicker and disturbances would have been completely avoided or reduced to the minimum. But then again, you should have paid on time. 

[Ryan Dugan]

I just like that I have to rely on myself and not  the banking system for my transactions and own safety. They have made it so that if something goes wrong it is the user's fault. Only shopping is much easier with bitcoin and payment is within minutes and the seller has his bitcoins. Much better than waiting 1-3 days for a bank transfer, that time could be used to get your parcel to you. Now you 1-3 days late.

You don't have to lineup in queues or make appointments and you get to choose the transaction fees (up to a point)

[mangster]

Think having both is the way to go, then you have all the flexibility of Bitcoin and you have the security and lack of fluctuations with the Bank.

[rodel caling]

That's is the reason some people easy to convince to use bitcoin, bitcoin gives better fast services wothout hassle, specially if talking about fast transaction using for payment. You hate bank because now you know bitcoin is giving to us a satisfaction services.

[42K]

Well I would say its choices. Everyone has a choice to make whether to go in for bank investment or  bitcoin. I personally don't hate banks per se but I prefer bitcoin investment because its fast and no tax is involved here. Bitcoin is also a way to make money faster than bank.

[dimastegar]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

Monthly direct debit services, 0 fees.

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.  

If your cricket match would have been in January last year you could have bought a yearly subscription just with the fee you were paying to get included in the next block.

A lot of people would have said, "Use your credit card" because it would have been much faster, but I prefer not to use credit cards to pay for things, because I hate adding to the debt problems of this country.

Oh, so you don't like the fast and free solution, you chose the worst one and then you blame the banks.
Sorry but this zealotism at its worse.

Like a guy with a sprain leg, he avoids calling the ambulance, limps alone for 10 miles to the hospital and then he is angry at the doctor his foot is actually broken now.

Yes, I think paying offline service bills through the Bank is still the best solution for now. So, users should be a little patient if there is a similar problem happening again. We don't even need to be angry if we miss that kind of match. Because there is already a video rerun of the match on YouTube. So relax. It takes time for them to research and adopt Bitcoin as an alternative payment.

[shoreno]

Well I would say its choices. Everyone has a choice to make whether to go in for bank investment or  bitcoin. I personally don't hate banks per se but I prefer bitcoin investment because its fast and no tax is involved here. Bitcoin is also a way to make money faster than bank.

same here i dont also hate banks but like you i do also love bitcoins but only for investment use  because i find it hassle to use bitcoin for payment purposes   .

btc isnt really fast because there are still confirmations to be done before your payment will be completed and tax on some countries are not also avoidabe because there are now laws for bitcoin users in which they should have to pay for thier tax  .  but aside from those , i agree that its faster to make money than in banks but the risk is only high compare to banks  .

[esatceza]

Yes, it seems that Bitcoin transactions are done very quickly and accurately. However, it is not really popular, so it is difficult to pay with Bitcoin for your services daily. I think the bank's transactions are fast and convenient for you. But maybe the services you need are not fast enough to update

[Kakmakr]

Circumstances like that really try your patience. That is the problem when transactions will pass through some middle agencies that are actually unnecessary. And the fact that the payments are not allowed in several modes will add to the hours of processing. Bitcoin would have made the payment a lot quicker and disturbances would have been completely avoided or reduced to the minimum. But then again, you should have paid on time. 

Well, there are one other way of doing this without them having to accept Bitcoin as a payment option and that is to use payment processors. I do not like this option, but it gives Bitcoin users more options to spend their coins. Payment processors convert the bitcoins to fiat currencies and the merchant does not have to deal with Bitcoin.

The problem is, if we do it this way, merchants would not need to accept Bitcoin directly and third parties gets involved and they usually add extra fees to make your overall transactions a lot more expensive. 

[pragna]

Yes traditional banking system may sometimes make problem as their system fall but this does not happen in cryptocurrency transferring. If address is accurate then no problem to find any tokens but sometimes it also make late for block confirmations.

Here main problem is everybody is not still introduce about it and we also can not implement it in largely. But we can hope about it and waiting for batter day in near future.

Thanks.

[Distinctin]

Yes, it seems that Bitcoin transactions are done very quickly and accurately. However, it is not really popular, so it is difficult to pay with Bitcoin for your services daily. I think the bank's transactions are fast and convenient for you. But maybe the services you need are not fast enough to update

We can't really compare bitcoin to banks because bitcoin is automatic while bank has a 3rd party to verify transaction.
In general, bitcoin is not widely acceptable yet, so whether we like it or not, bank is still very useful compared to bitcoin if use as a payment system.

We have our individual interest in life, like me, I like to gamble and when it has to pass through my bank account, it's not fast as I will just send from my bitcoin wallet, I'm just lucky that we have a lot of gambling sites there that accepts crypto already.

[fuer44]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

everything has been systemized bro and maybe that's the procedure, when late paying and finally your subscription is temporarily closed, maybe that's part of the suspend you received.

but I also agree that payments using bitcoin can happen very quickly, and it is impossible to delay unless there is maintenance.

[dat.ho12492]

Yes, it seems that Bitcoin transactions are done very quickly and accurately. However, it is not really popular, so it is difficult to pay with Bitcoin for your services daily. I think the bank's transactions are fast and convenient for you. But maybe the services you need are not fast enough to update

Such a comparison is unreasonable because bitcoin is not really a professional tool for transferring money and handling services, it is just a tool that has many advantages for that process, in essence, it is still suitable for the most investment, while banks are created to serve the services, the level of professionalism and accuracy is certain, they have calculated everything and upheld the quality. So we should consider which is convenient for our needs, we should use, don't spend too much emotion and act according to our emotions

[Anonylz]

Well I would say its choices. Everyone has a choice to make whether to go in for bank investment or  bitcoin. I personally don't hate banks per se but I prefer bitcoin investment because its fast and no tax is involved here. Bitcoin is also a way to make money faster than bank.

I think the argument here is not about investment or which can provide money faster rather it is on the basis on who's services or transactions is more reliable, Ofcours banks have a lot of flaws when it comes handling transactions since they deal with millions of users at the same time but they still provide the most services compare to payment system.

[Gi01]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

In as much that you hate banks, they will always be in existence and have more patronage compared to the number of people in the crypto ecosystem. The ideology behind Bitcoin in no doubt the best and reliable way to make transactions but the volatile nature of Bitcoin is preventing people with either no knowledge or less knowledge about Bitcoin to consider the use of it. In as much that banks control how people make transactions, the currencies do not fluctuate.

[finaleshot2016]

Yea man banks suck

I do not like banks also. I am not happy that the government has access to my account, it can look at my balance, and if it wants, it will freeze it. I hate waiting for 2-3 days for a bank transfer, we all know that this is not due to technical reasons, banks simply profit from our money, delaying it.
I am not satisfied with their transfer fees; they are too large for such a poor quality of service.

Why do they freeze your account if you're not doing anything wrong?

I mean freezing account are for those people who violate the law so they can't access the bank and leave the country. Actually, some of the banks accept bitcoin for money transfer, and it's very fast and helpful. Maybe the banks in your country are really poor eh'?

[Miklight88]

I see crypto as a means to turn the world around and see the inflation down on the wheel, the fiat has really cause so much devalue in the market regard but having crypto here will deflate the market by having little today and will be able to take what your present pocket could bid for in future .

[Kocret02]

Yea man banks suck

I do not like banks also. I am not happy that the government has access to my account, it can look at my balance, and if it wants, it will freeze it. I hate waiting for 2-3 days for a bank transfer, we all know that this is not due to technical reasons, banks simply profit from our money, delaying it.
I am not satisfied with their transfer fees; they are too large for such a poor quality of service.

indeed banks have a weakness in transfer fees and also long delivery times. but believe banks are still needed by the community, even if you like bitcoin but I think you should combine bitcoin and banks as a transaction tool

[jerrison]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

what thngs you have pointed out is just one of the reasons to love the Bitcoin network and blockchain in entirety, but have you taken a second look at the Fees they charge per transaction and how they get you to verify and reaffirm numbers to just have a valid and corresponding transaction and not mistaken it for someone else's. Then the fact that the ledger in which the transaction got recorded can be hacked and documents deleted or even altered to suit another reason. Bitcoin is second to none.

[Kakmakr]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

what thngs you have pointed out is just one of the reasons to love the Bitcoin network and blockchain in entirety, but have you taken a second look at the Fees they charge per transaction and how they get you to verify and reaffirm numbers to just have a valid and corresponding transaction and not mistaken it for someone else's. Then the fact that the ledger in which the transaction got recorded can be hacked and documents deleted or even altered to suit another reason. Bitcoin is second to none.

I am well aware of all the advantages that Bitcoin has over the Banking systems, but I just gave one real world scenario where Banks failed me once again. I have been a victim of Credit card fraud and I lost a lot of money that I had to pay off as debt, so I know how these @#$%& operate. <Washing their hands when you are a victim and blaming you for the loss> 

It is about time that Bitcoin challenged the Banking system and the monopoly they had over people's finances. True financial freedom is more difficult and inconvenient, but it is definitely very rewarding.