If they have the solution, why are banks still failing?

[Dunamisx]

~Snip

When it comes to whether to choose the banks or crypto exchanges, it becomes hard to decide. Both of them are centralized shit. As long as your crypto is decentralized and stored by you, it's good. The moment you hand over the authority to someone else, and they have control over your assets, it's all bullshit. As I have already said in previous post, banking system is broken. I don't think I need to explain it anymore.
And the thing about the power what banks holds is connected to the whole system. Not only the banks, the whole system in the world that runs it is broken. Peoples are manipulated by the system in order to use it in a way that will make you keep coming back to it. It's a shame to be honest. 

Banks and exchanges will continue to fall because they are under the control of a centralized governing authorities that makes implementation of policies that the whole financial economy only works for their favour or interests, as long as there's no confinement in what we have with centralized institutions, they are insecure for us to use, they may not cease to exist but their value and priority would have been shifted to bitcoin in cryptocurrency when the whole world would have realized that what they need still remains a decentralized network.

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[CageMabok]

So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?

Most people around my environment are still very happy using banks and even some of them may not even know about the collapse of banks in America so they still feel happy and safe when using bank services through their smartphone devices. This means that there is no need to say bad things to the bank as long as we are willing and happy to use the services of the bank, because not all banks will experience the same thing (collapse).

Some banks are still able to stand strong to serve their customers until this moment so that the convenience provided by the bank can still be felt by many people around my environment even though some of them also don't use crypto because they only rely on real business and use the bank to bridge transactions in large quantities when there are certain orders in larger quantities.

[glendall]

But some of these CEO and board of Directors claim that they have wealth of experience in financial matters. The way they attack cryptocurrency firms will make one believe that they have all the solutions and are infallible.

I'm going to argue that they do have the knowledge and experience — until they get too greedy and try to maximize revenues of the company. Greed is that one thing that can royally fuck someone up regardless of knowledge/experience, and no one is 100% safe from it. Hence, bitcoin > banks.

Greed is what destroys everyone, not only banks, I think, in crypto, we can also experience bankruptcy if we are too greedy.
one more valuable experience is failure, but if the bank has failed it is difficult to return and the person concerned with the failure of the bank will find it difficult to improve his reputation

[karmamiu]

I'd like to say that they failed to rally every people's support to have continue using their service. Aside from that, their job is to manage belongings from other people and they don't have the control for their people whatever choice they will make regarding money and economy, which is why they will be doing whatever it takes to badmouth other money making strategies if it happens that they cannot get their hands on that particular strategy. That's what usually happen in crypto since it is decentralized ecosystem.

[lizarder]

I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

They are controlled by the system itself, that is the reason why many banks go bankrupt. I don't think it's because experts can't fix this problem, but whose interest and power must be asked? Sometimes interests only operate at the level of satisfaction and they will do nothing to change the previous system for the better because when that happens, their power and influence will be lost and no longer needed.

Every country has laws governing the fiat currency system, besides being binding and there is no room for violations because speaking of state revenues, politics plays a much bigger role in this area and it's hard to say why they can't solve that problem. It is their simple logic that makes the regulations, they also regulate the system and they are the ones who can solve the problem. The question why is it so difficult for them to resolve if the power is in their hands? The answer is because they never want to finish.

[aylabadia05]

I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

Bad news about crypto that continues to be developed and made as news that is placed on the main page will continue to be made by those who don't like it.
Maybe I don't care if what's being rumored isn't Bitcoin but some other cryptocurrency that serves no purpose like Bitcoin.

As far as I know, they have no other solution than to exaggerate every incident that has happened in the crypto industry. Those of us who have a healthy way of thinking will not be easily influenced by the news made by them.
Apart from us who are already involved in the crypto space, other people out there also do not easily accept every news they read without considering the truth of any newspaper and any media.

The simplest reason is that with the flow of technological developments that spread so quickly, they already understand that there are pros and cons in every news that circulates.

[kojektea]

failure is a natural thing, I think they fail for a number of reasons that maybe we ourselves don't understand, or accidents that occur when carrying out tasks, or there are some things that are not good so that it really makes it fail. but I think crypto makes up for the bank's shortcomings, whether it's from inflation to us getting financial freedom for us to achieve that the bank won't be able to provide.

[Silberman]

I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

They are controlled by the system itself, that is the reason why many banks go bankrupt. I don't think it's because experts can't fix this problem, but whose interest and power must be asked? Sometimes interests only operate at the level of satisfaction and they will do nothing to change the previous system for the better because when that happens, their power and influence will be lost and no longer needed.

Every country has laws governing the fiat currency system, besides being binding and there is no room for violations because speaking of state revenues, politics plays a much bigger role in this area and it's hard to say why they can't solve that problem. It is their simple logic that makes the regulations, they also regulate the system and they are the ones who can solve the problem. The question why is it so difficult for them to resolve if the power is in their hands? The answer is because they never want to finish.

Politicians like to pretend they have the solution to every single problem that plagues our society but if that was true then we will not have the massive problems we have right now, besides it is easy to see why banks keep failing and that is because governments keep rescuing them, if banks knew that if they went bankrupt then they will have to accept massive losses then they will be way more conservative, but when they can do whatever they want and not lose money, is it that surprising they are making all kind of risky investments as they know they will be rescued if they lose?

[Captain Corporate]

Politicians "have to" act as if they know the solution to everything. Otherwise why would anyone vote for you? I understand that it might have a special sympathy towards a presidential nominee that may say "I don't know what to do about this, but I can ask about it to people who know more than me and we will do what they say", then people would say they could just vote for that guy instead. In the end every politician who wants votes will want to make sure that they are doing the right thing by getting the most votes, that's the goal for every politician and in order to do something like that we need to just focus on what we could do, not what we can't and that's why they act as if they know it all. Its obvious that they don't, its all a lie.

[Botnake]

I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

Why should we be listening to the banks? They are obviously not telling the truth. If a bank manager tells us that they are the only solution to financial management that this comes out of fear of losing their job. The bank managers are not working for the common good, they are not interested in a better works for everybody. The interests of the banks are egoistic and focused on their own bonus payments. The banks we see failing right now are not in trouble because of a bad business model, but rather because of greed. They gave out too many bad loans because they wanted higher returns, risk management was failing and now they are looking for the tax payers to pick up the bill.

It’s not the banks that are actually bad, but it’s the people that are behind it’s management. They claim to be gurus and experts, when in fact they only focus on their own financial desires because of their greed. That makes majority of the banks become insolvent because on how their management affect the bank and the people that come to trust the banks. At least, in crypto there is transparency, which is very hard to see in banks.

[lizarder]

Politicians like to pretend they have the solution to every single problem that plagues our society but if that was true then we will not have the massive problems we have right now, besides it is easy to see why banks keep failing and that is because governments keep rescuing them, if banks knew that if they went bankrupt then they will have to accept massive losses then they will be way more conservative, but when they can do whatever they want and not lose money, is it that surprising they are making all kind of risky investments as they know they will be rescued if they lose?

That is why I say politics plays a far greater role in this region and they only seem to pretend to want to solve problems, but the reality is nothing more than unbelievable talk. If they want to solve every problem, it is impossible for them to be unable to do it because strength and regulation are their property and also if needed they can revise certain laws that do not benefit the government as a whole. For example, like the banking case that is increasingly problematic and more complex at this time, but the question is why they don't solve this problem completely?

They will continue to maintain the banking system in the same way and my response to previous posts about banks that experience problems and why financial experts do not fix them, which are in the spotlight for me not they do not want to improve the existing system, but talk about interests and pretend to have Solution but also not run. While Crypto and Bitcoin continue to be fastened about negative things as the reference conveyed by the OP in this post.

[indo1]

I don't think banks are always successful. even though they are financial experts, some banks that fail to manage customer money and their business will definitely go bankrupt. I saw a number of banks that had disappeared and described closing up several banks that had started to disappear. the most plausible reason is that they lost their customers, so they had to close the bank.

[Distinctin]

Because everything has a risk and you can't expect all things will work like your calculations and predictions.

Banks can survive because of people trust, if majority of people don't trust banks anymore, you can expect many banks will stop failing. Banks isn't transparent and want to control everything, I think people tend to move their wealth to assets especially Bitcoin, not holdings huge fiat anymore.

People’s trust alone cannot guarantee the survival of banks. It’s always on the power of the management. If they are good enough to stay at risk and are still competitive, then they can safely run the bank without creating  major issues. However, know that things will never work as always on their plan. That’s the reason why the management should be more flexible in dealing all the uncertainties as to remain the bank it’s stability.

[Viscore]

SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

Because it really isn't the job of the economists or 'gurus' to prevent a certain bank from going insolvent — it's the CEO, the team in general, and the board of directors' jobs.

You’re right on point. Banks end up being bankrupt or insolvent not because economists have not consider fixing it, but everything relies on how the management team carry out their rules and perform them. If they fail to perform the rules correctly, then banks are expected to fail and become insolvent. Know that every problem has its solution, it’s just that some financial experts become overconfident that they eventually make their own rules with the aim to take advantage over the bank.

[Texac]

So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?

Most people around my environment are still very happy using banks and even some of them may not even know about the collapse of banks in America so they still feel happy and safe when using bank services through their smartphone devices. This means that there is no need to say bad things to the bank as long as we are willing and happy to use the services of the bank, because not all banks will experience the same thing (collapse).

Some banks are still able to stand strong to serve their customers until this moment so that the convenience provided by the bank can still be felt by many people around my environment even though some of them also don't use crypto because they only rely on real business and use the bank to bridge transactions in large quantities when there are certain orders in larger quantities.

i agree, I also have no reason to badmouth the bank because I am still using it.  moreover, we always criticize the banks that always spread negative news about bitcoin, we call them liars, damn it… but we are no different when we are trying to slander them. It's like we're cursing ourselves.  Why don't we use both to get the most convenience for life, no need to speak ill of anyone because everything has its pros and cons. taking advantage of one to offset the cons of the other, using both is what I'm doing.

[bettercrypto]

Recently, some well-known banks in the US have declared bankruptcy, and others have closed because they were connected to cryptocurrency or Bitcoin, even others really couldn't handle the competition, so that's what happened.

        Even here in the crypto space, many coins are also falling due to the intensity of the battle, FUD and others that are causing the collapse of their businesses. Maybe because of government regulation, Economix downturn, and lack of capital.

[awik p]

So are you using a bank? Do your family, parents, wife, and children use the bank? Many people keep saying banks and CEX are trash, but they still use them every day and are almost inseparable from them. It's a shame that we still use it but always speak ill of it. If all the banks in America collapsed, that would not be enough to prove that the banking system is dead. Why not use banking and crypto together for maximum effect? Why speak ill of a bank when you're going to use it to death?

Most people around my environment are still very happy using banks and even some of them may not even know about the collapse of banks in America so they still feel happy and safe when using bank services through their smartphone devices. This means that there is no need to say bad things to the bank as long as we are willing and happy to use the services of the bank, because not all banks will experience the same thing (collapse).

Some banks are still able to stand strong to serve their customers until this moment so that the convenience provided by the bank can still be felt by many people around my environment even though some of them also don't use crypto because they only rely on real business and use the bank to bridge transactions in large quantities when there are certain orders in larger quantities.

i agree, I also have no reason to badmouth the bank because I am still using it.  moreover, we always criticize the banks that always spread negative news about bitcoin, we call them liars, damn it… but we are no different when we are trying to slander them. It's like we're cursing ourselves.  Why don't we use both to get the most convenience for life, no need to speak ill of anyone because everything has its pros and cons. taking advantage of one to offset the cons of the other, using both is what I'm doing.

as bad as a bank is, we still need it, especially in my country where every non-cash transaction is always related to a bank, doesn't that help our work, especially those who work in online product sales businesses, of course, will use bank services for transactions. especially now that cryptocurrency is not widely used by most people, so it is even more difficult to transact, even though it has its own advantages. therefore combining the two and taking advantage of each I think it would be wiser

[Ucy]

..............


I have always seen bad news about the cryptocurrency industry making headlines in national and international newspapers. The government and bankers criticize the industry and portray the banks as the only remedy to the financial problems of the world. SVB recorded six straight quarterly losses, why didn't these financial gurus fix the bank? Yet they claim to be the only solution.

The irony of this👆 is that Bitcoin was created due to the crisis in their centralized and opaque system. Many years later they want Bitcoin which stands on its own and has never been bailed out by any government to become like them.
Part of the solutions to the banking sector is to become like Bitcoin/cryptocurrency by building within or ontop of it, and according to its principles. That could even help them realize how little or insignificant they are compared to the Bitcoin Network/System. It's more than mere industry, it's a Nation on its own, independent of other Nations, self governed by fair rules without much issues.

[justdimin]

When it comes to whether to choose the banks or crypto exchanges, it becomes hard to decide. Both of them are centralized shit. As long as your crypto is decentralized and stored by you, it's good. The moment you hand over the authority to someone else, and they have control over your assets, it's all bullshit. As I have already said in previous post, banking system is broken. I don't think I need to explain it anymore.
And the thing about the power what banks holds is connected to the whole system. Not only the banks, the whole system in the world that runs it is broken. Peoples are manipulated by the system in order to use it in a way that will make you keep coming back to it. It's a shame to be honest. 

No, it's not hard because each of them are not the same. Crypto exchanges are where you can trade your crypto or sell them for fiat but banks were mainly for storing money. We can still be able to choose both of them if we are not totally into decentralization. Not all crypto exchanges are centralized.

You should know that if you are not new in cryptos. It's not wrong to use a CEX but as long as you don't keep your funds on them right after you trade. Banks can try to manipulate the public but they aren't 100% successful with it. This is why Bitcoin grow this huge and became successful because there are people who are in the vision of Satoshi about decentralization. Banks can provide solutions on some issues but they are not perfect. They still can fall too.

[tjtonmoy]

No, it's not hard because each of them are not the same. Crypto exchanges are where you can trade your crypto or sell them for fiat but banks were mainly for storing money. We can still be able to choose both of them if we are not totally into decentralization. Not all crypto exchanges are centralized.

But the core fundamentals are quite the same, if you think. And yes, there are decentralized exchanges available, but their success rate is quite low when it comes to comparison with centralized exchanges. Decentralized exchanges lack to provide the security which centralized exchanges does. Maybe they are the same, but people find it hard to have trust on them.
And it's not about storing assets on the centralized exchanges, it's about the data they collect. There's no guarantee that your data is safe. It could get breach any time. That's the main concern when it comes to online platforms.