Fiat Banks Conspiracy Against Customers. Bitcoin is the Best Option

[Memorabilia]

This is the condition in most of the countries. Banks know how to exploit and even manipulate when required. I have also noticed that they do not disclose the whole term & conditions while availing for their any service and make people suffer.

[Henrobakkara]

However, let's get back to the actual topic: banks are private businesses. They have a predatory mentality and will go for their sole interest if they're allowed.
Since politics is slow and tricky solution, Bitcoin remains the proper option, clearly.

And I was just thinking... Africa also has smart people, Africa must also have smart programmers; while people don't tell their nationality in most cases, I have a feeling Africa is under-represented as developers for bitcoin tools. Am I wrong?

Even though Banks are own by individuals, Banks are capable of providing customer friendly services, there are some time you visit banks and see the crowd all over every corner of the banking hall and when you see the cashiers and customer service attendance, they are just few, sometimes either two  or third that are attending to more than two or three hundred customers. That made me to make on a research in my school days. And I found out that, They are using that method to reduce cost. They don't want to buy more machines and employ workers to dispatch the crowd. Now they have extended this method to ATM machine. The new approach is that, if you want to withdraw cash in the banking hall, they won't allow you to withdraw you own money if it is below $80 to $100. Instead they would referred you to their ATM Machine to do that, so that they can charged you from sms fees, card maintenance fees of $1 to $2. And that making the ATM point more crowded.

Now the worst of it all. ATM is no longer 24/7 hours. The closest ATM point in my locality closes 8pm and reopens 8am. The reason is best known to them.

I said it before and will continue to say it. I like what Bitcoin stands for and will always be pro-Bitcoin but this does not mean we should not trash the banks that have saved us all the while even though we know they have flaws.
When we didn't have the ATMs it was a problem when the banks close, we have to wait till the next day for you to be able to do cash transactions, now the ATMs have been provided but people that want to withdraw $100 or below want to queue with people that want to withdraw $1000 and above in the banking hall 
I personally cannot remember going to the bank in a number of years because of the ease of online transactions and POS units, I guess we are all different. I know some of us see all negative about the small fees by the banks but we also seem to forget how people also in this forum complain about crypto transaction fees, I guess we all want these services for free. 

[tjtonmoy]

Necessary is the mother of invention, and that's true fact. If you don't face this kind of situations, you won't be able to find the difficulty they have with the bank system.
Also the facts about banks controlled by government is true. Some days ago many banks have gone bankrupt in my country due to the global crisis.
They have declined to withdraw money which is not theirs. And yet people still think banks are better than BTC or Crypto. They will learn eventually one day.

[Fundamentals Of]

This has been happening all over the world. But it seems things are getting even worse today with prices increasing big time while fiat is losing so much value in just a short time. And so people need to take out savings to support their needs or to even save them from further losing value. The problem is that banks are losing liquidity in the process. And to also save their existence, account or withdrawal freezing is implemented everywhere.

This makes me feel like we're at the worst of economic times. In fact even Bitcoin, the best alternative right now, is not doing well. People seem to need more money than ever.

[Davidvictorson]

~snip~

I don't believe it is appropriate when we try to characterize banking institutions that have been serving us poorly in our attempt to make bitcoin seem like the sole savior of our economic and financial world. I am aware of the flaws that financial institutions have, which I do not hesitate to bring out when necessary, but portraying bitcoin as a flawless substitute bothers me. In Nigeria, just as there are people offering bitcoin P2P services, there are also mobile money agents to mitigate these lapses. In our local parlance they are called "POS business". Furthermore, these operators in my opinion, are efficient and reliable -  they operate late into the night and are first to open shops to render their financial services. In addition, they are situated all over the place. One may not need to board a cab to get to them. I can hypothetically say that the ratio of the mobile money operators to the population is 5:1.

	Image source:https://www.entlifeonline.com/start-pos-business-nigNigeriaana/	Image source: https://techpoint.africa/2021/07/15/pos-business-in-nigeria

[Jody.Drummer]

This is what I love about the bitcoin space, because here I don't find the same thing as what we experienced when we came to Bank. Things like this are what we need, simple, don't waste a lot of time in the transaction process, and we don't even need to move from our seats.
I've had things like the OP's experience so many times, I don't even do anything in an emergency. This is detrimental to us, in addition to wasting time, our energy is also wasted. What used to be able to do something more important, it must be wasted time on useless things.

[GiftedMAN]

In Nigeria, just as there are people offering bitcoin P2P services, there are also mobile money agents to mitigate these lapses. In our local parlance they are called "POS business". Furthermore, these operators in my opinion, are efficient and reliable -  they operate late into the night and are first to open shops to render their financial services. In addition, they are situated all over the place. One may not need to board a cab to get to them. I can hypothetically say that the ratio of mobile money operators to the population is 5:1.

Truth be told before the introduction of mobile money agents otherwise known as POS operators, it was very difficult for most of the people in Nigeria to make cash withdrawals without experiencing one problem or the other with the bank or probably network challenges. Since the arrival of bank agents, millions of people have lost their lives as a result of thieves trying to rob them of their funds after withdrawals so despite having pos operators all over the places to reduce the banking stress, the challenge of risk and lost of lives and funds which is one of the disadvantages of fiat currency has always be there. With bitcoin, you can't experience all these problems unless you expose your funds to thieves or scammers, of course we know that P2P transaction is faster, easier and more reliable than bank transactions.

[Wiwo]

This is what I love about the bitcoin space, because here I don't find the same thing as what we experienced when we came to Bank. Things like this are what we need, simple, don't waste a lot of time in the transaction process, and we don't even need to move from our seats.
I've had things like the OP's experience so many times, I don't even do anything in an emergency. This is detrimental to us, in addition to wasting time, our energy is also wasted. What used to be able to do something more important, it must be wasted time on useless things.

Bitcoin have provided us with better alternative to fiat currency and at that since the global cashless society began amidst the global warning and high inflation rate, POS as a digital agent have become so relevant and have provided urgent financial services and lately I have read about one that accept Bitcoin in exchange to local Nigeria currency and this is a great move and financial transactions are becoming more simple and easy to do lately as technology keep advancing a lot of alternative to banks are coming up.

[Abiky]

Once governments themselves become decentralized, or at least something similar to it, we will never have to worry about banks or other institutions having an unfair and unjustified advantage over us in the form of arbitrary government-dictated regulation. If the people will want to have banks, they will have banks. If they do not want banks, they will not have banks. There will be no more "you need to have banks, whether you want or not". Bitcoin is the very first form of the new democracy, a true democracy. I believe this will definitely evolve into other areas other than finance in the future. Especially politics.

People will always prefer banks on top of crypto, because they're backed by the full faith and credit of the government. The public doesn't care about the negative effects of centralization as long as they get convenience in return. You can spend Fiat anywhere you want, but you can't do the same with crypto. Despite Bitcoin's ever-growing success, it's still relatively new to the world. What "kills" it is the volatile market prices. At least, people have an escape route from the traditional banking system. As long as decentralization prevails, we won't have to worry about banks taking over the world ever again. Just my opinion