😉; It's The Weekend,Banks Are Closed, Bitcoin Is Up 24/7hrs

[Nwada001]

~snip.

I want to disagree that banks are active 24/7. There is a big difference between available service and active service. ATM, mobile banking and internet banking are all available means of transaction but they are not active 24/7. Many people have lost money in my country because the used these banking channels. Sometime these services will not be available and in some cases their will be transaction failure that leads to delay or even loss of funds. I have recently lost some money because of online bank internet subscription transactions I did with a well known bank in my country. But I have never had any transaction issues with bitcoin transactions. The network is available and active at all times.  

~snip~

Both the banks and bitcoin offer competitive or similar service, hence they can be compared. The government and banks always claim that they offer better and are more reliable services. For me, there is no need compare them but the government should give the people freedom to compare the services of both currencies so that they can choose the one they prefer.

Online and ATM transaction failure has nothing to do with banks being in service or not; even if banks are in session or not, sometimes they still have network downtime, which can only delay transactions, but they will either be successful later or fail, in whichcase the transaction amount will be returned to the sender's account. If that's not done, you have the right to go to the bank and file a complaint. 
Losing money on transactions is likely when one falls victim to a scam. 

We can't compare the blockchain system with that of a bank; they are two different sectors that are operating in their own ways. Blockchain transactions sometimes also delay. I can remember running a Bitcoin transfer from one wallet to another, and this took me almost 8 hours before the transaction was recorded as successful and completely confirmed in the blockchain. 

[Chivas Regal]

That's a counter intuitive statement given you can do fiat deposits at ATM's that have that capacity and tell me which major (and many minor) banks that don't have call centers that are active 24/7 to handle any kind of enquiries?  What is so urgent you can't do it via their apps, call centre or ATM's (credit and or debit cards) that has to be done in a brick and mortar bank during daylight hours?

[famososMuertos]

It's a good sunday evening to remind lots of people who must have lots of trust in the government and the banks. ...

Bitcoin is not to be taken solely as a confrontation for traditional banking, so, if you understand it that way, you only see a part of the true Bitcoin effect.

Well, certainly it is the basic idea that is sold and spread, in fact in the aggregate there is a tendency to think that adoption is paying in a store or buy a coffee and be able to do it in a few seconds, this are a part of everything that it can mean to use it.

Banks or governments are not afraid of Bitcoin being 24/7 or that you can pay for a coffee, it is collective empowerment, power and control.

[so98nn]

Yeah we should tell that to our governments and banking system. They operate under heavy pressure at all times. When it’s financial year end banking is the worst place you have should be working at. Lolz. The guys have to go through various stuff, the filings, accounts getting credited or debited at highest rate possible. Not just that, they have to disburse loans and files.

Forget about Sunday’s, there are many occasions when they have high burden. However, bitcoin man its just amazing. You just wake up at the night and wanna sell or buy, yes it’s there. Definitely it puts it on better advantageous scale for sure.

[Die_empty]

Online and ATM transaction failure has nothing to do with banks being in service or not; even if banks are in session or not, sometimes they still have network downtime, which can only delay transactions, but they will either be successful later or fail, in whichcase the transaction amount will be returned to the sender's account. If that's not done, you have the right to go to the bank and file a complaint. 
Losing money on transactions is likely when one falls victim to a scam. 

We can't compare the blockchain system with that of a bank; they are two different sectors that are operating in their own ways. Blockchain transactions sometimes also delay. I can remember running a Bitcoin transfer from one wallet to another, and this took me almost 8 hours before the transaction was recorded as successful and completely confirmed in the blockchain. 

My point of departure was your comments that banks have 24/7 Active service. I had to dispute it because I have banks in my country that don't have such effective service. It's also strange to hear that people have not lost money due to failed banking transactions using any of the banking channels. People have experienced transaction failures and reported the problem to banks and these transactions were never reversed. This is not the issue of scams but the failure of banks. I have lost some funds and many people have experienced the same fate. Maybe you live in one of these developed countries where such occurrences are scarce.

My rationale for comparing Bitcoin with the banking sector is based on its services and clientele and not based on its structure or functionality. One can likely say that to some extent they offer similar services and satisfy similar customers. Your bitcoin transaction was delayed for some hours but tou cannot be compared to losing your money.

[kryptqnick]

Bitcoin does give unprecedented rate of financial freedom compared to the times before it appeared. However, there are two things to note here. Firstly, while banks close during the weekend, people can normally still use their bank accounts and cards, unless it's an international transfer. Secondly, I'm afraid many people might not want this freedom because it comes with more responsibility and fewer people or entities you can blame if something goes wrong. If you forget a pin to your card or a password to your online banking, you can go to the bank and sort things out. If you forget a pass phrase to your BTC, nobody can restore access for you. If you accidentally send money to a wrong bank account, you can try to reverse a transaction by contacting the bank. If you misspell a letter in a receiving Bitcoin address, the money's lost.

[Chivas Regal]

While bitcoin is freely traded 24/7 the mempool is dumping hundreds of transactions day by day all the while the price of completing a transaction continues to climb making buying small items (e.g. groceries) unrealistic.

As I pointed out a while ago, banks have 24/7 call centres - there is nothing comparable for any crypto.

[libert19]

It's not a significant adaptation that Bitcoin operates continuously, even during extended holidays, without ever closing. However, this alone does not contribute significantly to the adoption of Bitcoin because it cannot be directly used in many places where it is needed. To enhance the adoption of Bitcoin, we require more direct integration, such as accepting Bitcoin globally in supermarkets, allowing people to utilize their Bitcoin for their necessities. Unless Bitcoin can be used directly wherever required, whether on weekends or weekdays, it will not make any difference.

Make Bitcoin worthy for IRL transactions first, do you expect people to pay tens of dollars for transaction fee (and still wait few hours for confirmation) when they can pay via cash or card for free and instant.

[Hewlet]

It's a good sunday evening to remind lots of people who must have lots of trust in the government and the banks. They are all in for the control and power forcefully placed to deny those who aren't self aware of the freedom they should hey whenever they utilize bitcoin.
Bitcoin network has been current, up to date, and also transparent with the help of the blockchain, I just want to say, stick with bitcoin and even if currently cash is king and we can not over run it yet, Bitcoin gives you the power and control over your money not the fiat.

banks closing on weekends is not a index or a justification to say that the government are over regulating the use of the fiat currency. Remember that even after they have closed, the mobile banking is still functional which works more like the 24 hour transaction  the that bitcoin runs.
What I'm trying to say in essence is that although the fiat banking system has it limitation and that bitcoin obviously is better than it in a wider look, that doesn't call for the use of a derogatory statement towards the fiat bank so we don't misinform those naive mind that are just joining the fitum.