A clear example of why Satoshi's creation (Bitcoin) is better than the bank

[MainIbem]

To those that's ever wondered why Satoshi created Bitcoin as an Alternative to fiat, the incident that occurred in the image above should make you understand better. Although it's currently utilsed for different use cases however Satoshi's major aim was to create a mode of carrying out transactions without the involment of a third party, just like the image above where a client would be needing permission from the bank to withdraw her own money, if you've ever been in a similar situation or had your account freezed by the bank cause a heavy amount got into your account and even after you've proved it's not related to fraud, they still frustrated you and call crime agencies on you for further querries and investigations, you'll see reasons why the creation of Bitcoin is very important and more better than the banking system. You could imagine a cashier exposing her to theft by announcing the amount she wants to withdraw to the public, not minding who's listening or if it could lead to robbery outside the bank, you won't experience all this third party interrogations with Bitcoin moreover transactions are private and secured which makes it more preferable to the banking system. Just like she said "If you need permission to withdraw your money then it's not your money anymore". Let's Discuss, you could check the handle in the image above if you're further interested in the full details of her experience with the bank.

[Lida93]

The traditional banking system is surrounded with so much policies and it's quite unfortunate there is nothing we can do about it for now. It's your money but they tell you how to spend it, in what amount you can be able to withdraw at the moment.

I have always said that the traditional bank doesn't favour the average individual in the society. These policies usually find fulfilment on the common man with little cash to his name, meanwhile, wealthy influential individuals or those that occupies highly placed positions are given exception. But with bitcoin there's equality for all in accessing and making withdrawals as many times as they wish. Something the traditional banks deprives us from.

[DPHOR]

Na true talk be that say any money wey dey bank and e need permission to withdraw am no be our money be that. plenty dey think say bank dey protect us from crime but they are 70% contributors to robbery happening around us because dem dey give information to those robbers say person come take big amount of money for bank, give them color of cloths and how de man dress.

My experience for bank be say; the day i go cash out 8+ million from bank, i carry about two cloths go bank immediately i entered inside them interrogate me finished and i give them reason for that money, them allow me. As i stepped out from inside i immediate enters the rest room change my cloths and bag them give me put the money to my travelling bag, then i walk down to gate, there is another rest room i go behind window change another cloth again before i finally drive out.

Some people might see this as play or someone who is not serious but truth be told, bankers are not to be trusted so while dealing with banks we should be extremely careful because most times they also send kidnappers who would come kidnapped you at your home.
This is the reason why we need bitcoin, just to hold it for any online transactions and payment above human suspicious.

[EluguHcman]

And the inconveniences of the banks do not only ends there in all being said, therefore, the banks is being extortive to their customers by which account holders with them would have to make an advance payment before you can create a bank account with them, you will be billed for monthly/weekly/monthly and annual service charges and still get billed for withdrawals.

Most of the ToS of the banks are being hidden by their marketers and are to entice you with much benefits of their service offers just to get you down to bank with them.
If the banks claims they get your bank and not being transparent to customers, I don't see reasons to trust them.

Depositing money in the banks is usually smooth but would have to undergo processes before you can withdraw your own money. Why? Simply because they uses customers money to lend politicians and also uses it to run their businesses that is why the banks sometimes tell you they have insufficient funds for withdrawals.

In the crypto industry where you holds your wallet in self moderations, you will surely enjoy your self transaction services with no third parties of you to be answerable as that of the account holder with was being questioned by the cashier of what she wanted to do with the huge some of money.

These are all essence to way we need to make choices between centralization and decentralization on either having our funds on the fiats or the Crypto currencies.

[Marvelockg]

Well, both Bitcoin and the traditional banking system has it pros and cons most expecially when it comes to the issue of allowing you make use of your money whichever way you want to and at whatever time you want to.

The issue of limiting you to making certain amount of transactions per day is also one of the consideration that gives Bitcoin far better edge above the fiat. But then, it's much easier for your wallet to be emptied with just some multiple of clicks when your consider the way crypto transaction works. The inconvenience by banks was primarily designed to help curb certain excess and prevent scams but often times, they tend to overstep thier boundary thereby making it look like you have to struggle just to spend your hard earned money.

Bitcoin makes you your own bank and apart from some challenge that is associated with carrying out some p2p transactions and the rate at which fraudulent users have joined the space, crypto and particular Bitcoin gives users a breathing space such that you get to own your money, manage it the way it pleases you and get to spend it the way and how you want to. Even with the numerous side effect that is associated with some of the Bitcoin transaction,  owning and transacting with Bitcoin is always going to be better than the way banks operate.

[Odohu]

I know many people who have lost their money to the banks, not because they were dead or any serious issue, some were just a mistake on the spelling of their name which was done by bank officials after individuals filled the right information yet the burden is on the individual to correct such mistake through a very herculean procedure that make some people give up. The funny thing is that they will never tell you until you want to withdraw reasonable amount of money. The case described in this post is another proof that Bitcoin mean freedom because Bitcoin will never ask you what you want to do with your money, the reason I chose Bitcoin in my wallet over the banks.

[SatoPrincess]

Bank too get wahala, na only for Nigeria nai I know say traditional banks still dey a bit flexible. You fit withdraw block from Nigerian bank them no go call you go office to ask you question but for abroad na different case. Sha I understand why banks dey ask those questions because when you think about am wetin person won use $20k cash do. The bank dey concerned whether na scammers the person won send the money to, blackmailers or na kidnapping case. I believe say na why them dey ask all those questions and sometimes even refuse the withdrawal.

[Ronsbit]

It is obviously clear that things of this nature is amongst the major reasons why bitcoin came into existence. I see no reasons why one would be interrogated just because of the fact that they want to withdraw some certain amount of money which the bank tags above limit or too big on their perspective. I have had this experience were I was trying to make a transaction and I had no idea my daily transaction was limited to a certain among which seems to be a joke. It was much higher before so I rushed to the bank to find out the reasons why such happened but to my greatest surprise it was drastically reduced to a ridiculous amount citing that I needed to upgrade my data page and even at then nothing was done about it and this was a period I needed to be making payments for things needed for  a function. Just imagine how frustrating it could be if it had happened the day of the occasion and I have all the funds in that account thinking everything would scale through.

Sometimes, the banking institution can be very annoying and frustrating. You could imagine you being in the middle of transaction wanting to make payment for something and your financial institution declines your transaction and upon inquiries, you are told something not worth hearing at the moment for their reasons to have declined your transaction. Ever since my experience with the bank, I just had to see every possible means to do away with the bank when it comes to keeping assets and funds with them.

[Mayor of ogba]

I'm not surprised that the cashier removed the lady to withdraw the amount of money she wanted to withdraw from her bank account because this same situation is normal in our banking institutions. If you go to any bank and you want to withdraw 100,000 Naira, the cashier that will attend to you will tell you that you can't withdraw up to 100,000; you can only withdraw the sum of 30,000. Ever since I experienced this in Zenith Bank, I stopped saving huge amounts of money in my bank account because if I want to withdraw it, I will pass through hell before I can have access to my own money. But with the creation of Bitcoin, we can't experience this suffering in the hands of banking institutions when we want to access our money. With bitcoin we can access money any time we want to without a middleman scrutinizing our transactions.

[MainIbem]

Bank too get wahala, na only for Nigeria nai I know say traditional banks still dey a bit flexible. You fit withdraw block from Nigerian bank them no go call you go office to ask you question but for abroad na different case. Sha I understand why banks dey ask those questions because when you think about am wetin person won use $20k cash do. The bank dey concerned whether na scammers the person won send the money to, blackmailers or na kidnapping case. I believe say na why them dey ask all those questions and sometimes even refuse the withdrawal.

Who tell you that one, most banks they operate with EFCC, eh get the kind money wey go enter your account, bank go block am then invite you over for interrogation even though na legit, sometimes then go even detain you while them dey carry out their investigations, funny enough if Efcc come see Binance or any exchange wey no dey operate for our country, them go charge you with fraud already. Well, i understand your point about the bank asking some questions upon Withdrawal of huge funds due to security reasons eh go sha help some customers from being victims to scam but then some of those bank workers no dey very professional, atleast if them interrogate person concerning that kind thing, eh go better make them carry am go private place like managers office no be to dey talk am for public make eh come look like say the person thief the money. Moreover eh go dey embarrassing if eh come be say them interrogate the customer for public come find out say the money na legit and em wan use am for legit something.

[Davidvictorson]

I been think say na only Naija wey get this kind of banking issues. Na now I know say na everywhere. Me sha nor go blame them na just rules and regulations wey Dem they follow. Whether na to protect the customer o, I nor know but wetin I know be say shey una see as Bitcoin dey increase once e reach $1M the same thing wey we dey see for the banking system na wetin we go still see for bitcoin systems. Na human beings wey create am and so the system nor be perfect one. Make we dey watch.

[Promocodeudo]

To those that's ever wondered why Satoshi created Bitcoin as an Alternative to fiat, the incident that occurred in the image above should make you understand better. Although it's currently utilsed for different use cases however Satoshi's major aim was to create a mode of carrying out transactions without the involment of a third party, just like the image above where a client would be needing permission from the bank to withdraw her own money, if you've ever been in a similar situation or had your account freezed by the bank cause a heavy amount got into your account and even after you've proved it's not related to fraud, they still frustrated you and call crime agencies on you for further querries and investigations, you'll see reasons why the creation of Bitcoin is very important and more better than the banking system. You could imagine a cashier exposing her to theft by announcing the amount she wants to withdraw to the public, not minding who's listening or if it could lead to robbery outside the bank, you won't experience all this third party interrogations with Bitcoin moreover transactions are private and secured which makes it more preferable to the banking system. Just like she said "If you need permission to withdraw your money then it's not your money anymore". Let's Discuss, you could check the handle in the image above if you're further interested in the full details of her experience with the bank.

The thing is people will keep experiencing this kind of stuff if they keep making financial institutions a priority, though sincerely fiat system can not be faced out totally for now because Bitcoin is not handy yet so we can't do without fiat to purchase things as we all know is not every store that accept Bitcoin as a mode of payment so in this case we have to convert some fractions to enable us get some stuffs but it advisable for us to have our money invested in Bitcoin so that if we eventually need them for anything we can convert but this particular wallet should be different from the wallet we use for continuous acumulation and holding for a long-term or better still we can convert some amount to UST so that it will be easy for us to sell some when the need arises to save us from this banking shits.

Satoshi understands the problem of third party being involved in transaction that's why he deemed it necessary to create this transaction means and at the same time digital asset, Before this time many people were stucked in the financial institution, you keep your money in the bank, they continue to pinch it little by little using different charges as an excuse as such your money keeps depreciating as a result of such act at the end of the day, they will add a little interest that doesn't correlate with the amount you have with them but Satoshi came and salvage the situation to the extent that not your money, not your keys meaning you are inchage of your hodlings unless you misplaced your keys or passphrase, as of today even the so called bankers are into Bitcoin, banks shares are no more effective as they were earlier, it's unfortunate that the person in question suffered such but it's also a oesson to many of us but the mean thing is to keep acumulating and hodling to the future, all hail Satoshi for this innovation that has brought financial freedom for many but the choice is ours to make as for me i have chosen to keep doing the needful.

[Pi-network314159]

Actually from the image and conversation it shows clearly how fiat or banking system is very poor compared to blockchain technology or bitcoin. And of course this is one of the the importance of satoshis dream.  These are the problems surrounding banking system.

1) Delay in transactions which may result to not arriving to the destination of the recipient, and will prompt you going to bank to fill form that will revert payment after 5 to 10 working days.

2) not being able to transfer a huge some of amount privately without bank management involvment. And it shows no privacy.

3) bank is not transparent but bitcoin is transparent. Meaning that a transaction confirmed without prove just need to use btc address and trx ID to confirm if the payment was successful. But in the fiat or banking system, it will require to contact bank to be sure. Or going to file a form an ghjs will take longer time than expected.  

There are many advantages of bitcoin over fiat butvlet us just look into this few.

[DubemIfedigbo001]

The banker in question have broken several banking codes of conduct that seems to maintain customer privacy which includes: Confidentiality of transactions, prohibition of disclosure and respect for client privacy.

Such crimes are subject to disciplinary measures from the back of the government depending on the level of neglect. Exposing a clients data without the consent of the client is a criminal offense and it's subject to imprisonment if pursued legally.

It's also pertinent to note that in the event of any robbery act against the stated person, the cashier in question would've taken full responsibility of setting the client up and exposing him/her to harm.

Furthermore, Bitcoin places you at an edge above such mindless cashiers and let's you manage your finances at your own discretion while getting more profitable than any banking system could ever offer in interests.

[Obari]

Logically, anything you have to take permission before using it, isn’t actually yours no matter how it seems or appears before others.
Anyone who values safety and privacy and knows about bitcoin will always want to do everything to see bitcoin stand regardless.
I also do stand with you op, because anyone who must have at some point been faced with bank issues and stress, will appreciate greatly the importance of bitcoin and sincerely, ever since I started using bitcoin, I don’t even remember when last I had to visit the local banks around me and this very act has saved me a lot of stress and money on transportation.

At this point, we’re not trying to want to get totally rid of local banks or it’d activities but rather, I think with them he advancement of cryptocurrency, I’m sure the banks are beginning to sit up as there is actually a greater challenge ahead of them as compared to previous times.

[Egii Nna]

I have always said that the traditional bank doesn't favour the average individual in the society. These policies usually find fulfilment on the common man with little cash to his name, meanwhile, wealthy influential individuals or those that occupies highly placed positions are given exception. But with bitcoin there's equality for all in accessing and making withdrawals as many times as they wish. Something the traditional banks deprives us from.

  Bitcoin is really a good innovation that revolutionized banking system, banks doesn’t favor every individual as they charge us for keeping our money with them while bitcoin does not charge you for saving or transacting using it. For example when Elon musk bought twitter if the transactions were made in bitcoin it wouldn’t have costed him $200million but because it was carried out in banks it costed that much.
 Satoshi really made a ground breaking alternative innovation to the banking system making it much easier and cheaper to carry out transactions but many countries and individuals failed to understand the main reason behind this innovation and untill date did not take bitcoin as an alternative solution to banking system and the problems surrounding traditional banking systems.
 

[HajiBagi]

Bank too get wahala, na only for Nigeria nai I know say traditional banks still dey a bit flexible. You fit withdraw block from Nigerian bank them no go call you go office to ask you question but for abroad na different case. Sha I understand why banks dey ask those questions because when you think about am wetin person won use $20k cash do. The bank dey concerned whether na scammers the person won send the money to, blackmailers or na kidnapping case. I believe say na why them dey ask all those questions and sometimes even refuse the withdrawal.

You are right about the reason why banks like to dey ask too much question be that, Niger banks dey always follow intruction because na for Nigeria you hear say scammer scam banks, I no blame the reason why banks dey always dey active with question because I am thinking they are doing their work, but there are some banks wey be say their own too much, I Don over come many videos online where be people dey complain about bank.

Banks like Access bank, Don dey lose customers because of waiting dey happen between them and the customers and that will affect some banks, about the transaction about this thread I think many banks will want to see you before you can withdraw a big money so that will know you if it was the real person who owns the account that want to withdraw, bitcoin transactions maybe be better than bank own but they are still doing their job and I don't think that is a big problem.

[Smartvirus]

Watin I read like this! This thing Dey very awkward!! Like, watin even give am the right to open up to the entire public on my transaction? This was so wrong!
If that cashier was trained at all, en suppose know say, no be everybody way come back Dey there for legitimate business. Some na condemned criminals or informants way Dey there to watch out for bulk withdrawals.

Watin Dey expected of the banks in these situations na to carry the customer go bulk room if them get one, educate the customer as na to protect am be en concern and also, tell am how to transport the money successfully. No be to keep their money to themselves and make people beg for withdrawal.

These na some of the advantages of Bitcoin,
Bulk withdrawal without any security threat or having to carry large sums that would be alarming and
Nobody go ask you rubbish question on why this and what that. The traditional banking system don Dey due for a change and Bitcoin Dey help.

[CryptopreneurBrainboss]

You could imagine a cashier exposing her to theft by announcing the amount she wants to withdraw to the public, not minding who's listening or if it could lead to robbery outside the bank, you won't experience all this third party interrogations with Bitcoin moreover transactions are private and secured which makes it more preferable to the banking system. Just like she said "If you need permission to withdraw your money then it's not your money anymore".

Bitcoin transaction aren't private but they're anonymous, person no go know say na you send the transaction wey them they see but e no be say them no go see am. Na when you done go link yourself to your address online na when you done expose yourself be that.

For wetin the woman dey talk, that one na true talk because say even for the industry too you fit remember this popular saying wey you dey hear wey be say "Not your key, not your coin". Any coin (money) wey you no get the private key (total control of) to control the movement of the coins way dey the wallet no be your own so even those ones wey dey  Cex or exchange wallets wey you dey keep no be your own. You need login details so person still needs give you permission to get access to your own money so no be really yours until you make them yours through a self custody approach.

[Agbamoni]

The traditional banking system is surrounded with so much policies and it's quite unfortunate there is nothing we can do about it for now. It's your money but they tell you how to spend it, in what amount you can be able to withdraw at the moment.

I have always said that the traditional bank doesn't favour the average individual in the society. These policies usually find fulfilment on the common man with little cash to his name, meanwhile, wealthy influential individuals or those that occupies highly placed positions are given exception. But with bitcoin there's equality for all in accessing and making withdrawals as many times as they wish. Something the traditional banks deprives us from.

The traditional banking system is not completely terrible. It could vary based on our country of origin. So, due to the high increase in online scams and banking theft. Traditional systems tend to enforce security from their hand. Ensuring they are releasing a particular amount to the rightful owners and also understand why they need such money.

Don't forget most people can be manipulated to go to the bank and send out money to a fraudster. Asking questions is then necessary so people don't fall victim to scams.

Bitcoin eases the pain of passing through the process to send out huge funds. Let us also be reminded that it is the same way it eases the process online scammers use to take money from individuals without a trace.