The Silent War On Bitcoin Has Begun!

[traderman]

Banks are hunting accounts that are conducting any biz related to Bitcoin.

http://www.btcfeed.net/news/silent-war-bitcoin-begun/

[cellard]

Thats why I always tried to not give any personal details to anything Bitcoin related, not until people like WInklevii create solid regulated stuff..

[Meuh6879]

cutting the DEBT, pay in bitcoins !   but don't say that to your grandma ... they have all life economies in the bank.  

[kolloh]

I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

[coinut]

Banks not only keep your money secure they also devalue it and tell you what you can't spend it on and love to keep cutting interest rates to the point where increasing them is not an option as the bubbles are too big, then where you have negative interest rates, oooh goodie I pay the bank to keep my money secure.

when it gets to the point were banks charge customers to hold there fiat this will be the nail in the coffin. I'm thinking home safe sales will increase, will see.

[traderman]

Haha, good point, investing in home safes might not be a bad idea.

Banks not only keep your money secure they also devalue it and tell you what you can't spend it on and love to keep cutting interest rates to the point where increasing them is not an option as the bubbles are too big, then where you have negative interest rates, oooh goodie I pay the bank to keep my money secure.

when it gets to the point were banks charge customers to hold there fiat this will be the nail in the coffin. I'm thinking home safe sales will increase, will see.

[Beliathon]

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

[PolarPoint]

UK banks have been closing accounts associated with bitcoin trades for months, if not years. They do not ask the account holders about how they come in contact with bitcoin for legit reasons. They just terminate accounts.

[amspir]

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

[traderman]

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

[readysalted89]

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

[traderman]

My rule is, if it is not in your hands you don't own it!

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

[Brewins]

I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.

[coinut]

when i mention safes I mean a safe for the home not deposit boxes.

money laundering ? not hsbc lol

https://www.youtube.com/watch?v=QRYEFEJRw44

[traderman]

If Bitcoin succeeds in a major way, the Banks will be out of biz and they know it. No one will be using then anymore, their need to exist will simply cease. They are the middle men.

I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.

[ajareselde]

Banks are hunting accounts that are conducting any biz related to Bitcoin.

http://www.btcfeed.net/news/silent-war-bitcoin-begun/

First they ignore you, then they laugh at you, then they fight you, then you win.

-Mahatma Gandhi


So even tho this means we're on 3rd stage from 4 of them, it will be interesting to see how are people going to make payments for bitcoin trading.
There are no worse enemy than banks, because politicians are corrupted and will definetly  stand by their side.
Bitcoin was created out of banks greed for provisions and interests, it no surprise they're the ones fighting the most, but isn't there something illegal in terminating accounts just because
thy're used for bitcoin related transactions?

[notbatman]

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

Is it an inside job or a socialist conspiracy? Lets ask some questions:

a) Is the brain wallet software really the best way to generate a private key?

b) With your questionably generated key safely scribbled on a piece of paper it's placed in the hands of a 3rd party i.e. a safety deposit box with a fee paid out to the 3rd party for their service. Why not enscribe a properly generated key on the back of a ring or use some other means of safely storing it?

c) Why pay money and give control to a 3rd party all while opening the door a crack for hackers who are targeting the brain wallet keyspace?

d) Why does the number '33' appear at least once?

e) How much gold did the Nazsi's confiscate?

f) What happened to all the gold in World Trade Center: Building #7 during the 9/11 incident?

[Beliathon]

Yep, safety deposit boxes are no good, they will get raided.

Haha, good point, investing in home safes might not be a bad idea.

Safes are obsolete now that money can be stored as pure information, just make a good brain wallet offline with paper backup, stick the paper in a safety deposit box or similar.

Safety deposit box?   Where did they first start looking for gold to confiscate during '33?

I read that a few safety deposit company owners robbed their customer's safety deposit boxes themselves. They tried to make it look like a robbery but it turned out to be an inside job.

Is it an inside job or a socialist conspiracy?

Oh dear... *backs away slowly*

[Q7]

Any other reason I could think of are probably those negative news we have been getting lately related to crime and illegal activities. I supposed that gave the wrong perception that conducting trades in bitcoin are bad.

[AtheistAKASaneBrain]

I think banks may be doing this to prevent money laundering rather than just to cause war against bitcoin. Though I can certainly see why the banks would oppose bitcoin as it could threaten their bottom line.

if they have the idea that BTC = money laundering, then they want war against BTC.

and the banks banning btc = people going to other banks.

if BTC goes to moon they won't want lose so many costumers.

The problem is if they ban every single bank accepting BTC and make withdrawing BTC to USD/or any fiat a crime.
The solution should be that we do not need to convert BTC into fiat because BTC by itself should be a currency.