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Author Topic: YourBofA.com - support bitcoin suggestion  (Read 1427 times)
BitPay Business Solutions
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April 21, 2012, 02:21:16 PM
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Ok so someone went through alot of effort to create this spoof website for Bank of America.  Since the bank will fail and be bailed out by the government, why not start now collecting ideas on what to do with it?

http://yourbofa.com

I added Bitcoin to the ideas feed.  Vote for it!

http://www.yourbofa.com/ideas/

It rolled over onto page 2 of 260. Keep looking for the one that says "I want my bank to adopt Bitcoin"

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April 21, 2012, 02:42:14 PM
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Thats kind of hilarious!
casascius
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April 21, 2012, 03:21:05 PM
 #3

Looked to me like BofA pretending to care.

To their credit though, many of the suggestions people give - like stop charging fees - are ridiculous. It is like these people think they have no choice but to remain BofA's captive customer, like they don't realize the front door is also an exit.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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April 21, 2012, 03:28:01 PM
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This page is just too funny.  I don't think it's BofA doing it.

http://www.yourbofa.com/lessons-learned

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April 21, 2012, 03:39:42 PM
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Looked to me like BofA pretending to care.

To their credit though, many of the suggestions people give - like stop charging fees - are ridiculous.

It is sad you think it is ridiculous.  Kinda shows the bank have already won.

Lets pretend you could buy a product wholesale for $1 magically turn it into 10 products and sell it for $5 ea ($50 total).  Would you also need to charge fees on top of your 5000% markup or would that be  "enough".   Now lets stop pretending.  That is exactly the model banks work under.  They have an exclusive monopolistic right to print money from nothing using fractional reserve. They borrow money for <0.5% turn $1 in deposits into $10 in loans and charge 5% to 20% on the lent money.  The ides they also need fees because the 5000% gross margin on their product is insufficient is just asinine.

As far as bank being unable to operate without fees:

I use USAA Savings Bank (granted not an option for everyone)
a) no account fees
b) no overdraft fees (overdrafts charged to my CC so I will pay interest)
c) no ATM fees (USAA also refunds the ATM fee charged by the ATM)
d) no check fees
e) free deposit of checks from my android phone
f) no annual fee and 7.99% fixed interest rate on my credit card.
g) My car loan is at 3.9%
f) Bank is owned by members.  Despite having almost no fees USAA returned "only" $857 million in profits last year to members/owners.



Banks don't need fees but they do need to convince you that they must charge them in order to suck always increasing amount of money from consumers.

So far looks like they are doing a good job.
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April 21, 2012, 03:59:15 PM
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I posted this as a joke and just looked at it again and it's getting up votes. LOL

I want my bank to be based on something other than the failing U.S. Dollar. Give me Bitcoins or give me death!

CBH Angry U.S. Citizen


I gave you a +1.  Keep it going!

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April 22, 2012, 12:24:47 AM
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I use USAA Savings Bank (granted not an option for everyone)

Why isn't it an option for everyone?  USAA is no longer just limited to service members and their families (opened banking and checking up to all in 2009).  Other services like auto insurance, for example, still have eligibility restrictions.
 - http://consumerist.com/2009/09/usaa-online-checking-savings-open-for-non-military.html


I added Bitcoin to the ideas feed.  Vote for it!

http://www.yourbofa.com/ideas/

If it isn't yet on the first page of "Most Popular" click to Page 2 and upvote.

Heh -- four upvotes (well, five now), and one downvote:
Quote
My BOA gives all new account holders a bottle of lubricant, for when they get screwed by the bank. It makes it SOOO much easier to take.


And .. a must-see infographic (stacks on right are made of pallets of $100 bills, representing size of B of A's derivatives exposure):



 - http://demonocracy.info/infographics/usa/derivatives/bank_exposure.html

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1MCoX64q6ks2Fvx8wybGYonfvEoTPpMhhR


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April 22, 2012, 04:44:00 AM
 #8

Ok so someone went through alot of effort to create this spoof website for Bank of America.  Since the bank will fail and be bailed out by the government, why not start now collecting ideas on what to do with it?

http://yourbofa.com

I added Bitcoin to the ideas feed.  Vote for it!

http://www.yourbofa.com/ideas/

It rolled over onto page 2 of 260. Keep looking for the one that says "I want my bank to adopt Bitcoin"

The third most popular candidate atm, right there on p. 1 - look at the right tab -
"I want my bank to be based on something other than the failing U.S. Dollar. Give me Bitcoins or give me death!"



1MCoX64q6ks2Fvx8wybGYonfvEoTPpMhhR
casascius
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April 22, 2012, 03:00:08 PM
 #9

Looked to me like BofA pretending to care.

To their credit though, many of the suggestions people give - like stop charging fees - are ridiculous.

It is sad you think it is ridiculous.  Kinda shows the bank have already won.


I think you missed my point, especially given that you only quoted the beginning of what I said. My point is that their customers underestimate their ability to leave, which would be a far more effective check on fees than going to a website and simply stating a wish to not pay fees.  The bank is never going to stop charging fees so long as a willing herd is lined up to pay them.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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