Post
Topic
Board Economics
Re: Banks Suck
by
freeyourmind
on 17/07/2015, 21:12:02 UTC
I just visited the bank... denied until Monday.  Embarrassed

Global adoption can't happen soon enough, what a crock of shit this fiat banking system is.

What happened exactly?

There's a reason there is a sarcastic saying that implies people don't work much, it's called "working banker's hours." Global adoption of Bitcoin will be great but I think the fiat system needs to remain for Bitcoin to flourish. If the fiat system disappears the Bitcoin system will be completely exposed to manipulation (as we've seen with fiat.)

What happened? I took a cheque I received to a branch of the bank that issued it and they refused to cash it until Monday.

Aren't you able to deposit the cheque at the ATM?  ATM's are 24 hours and I usually do my deposits on the rare occasion that I receive a cheque.

No.

What country do you live in if you don't mind me asking?  And is that how banks in general work where you are or just your particular bank?

Get your money instantly, spendable in about 10 minutes, that's how Bitcoin works. No waiting days or weeks, no lineups, no fishy smelling tellers, no clunky ATMs. Bitcoin doesn't care what country you're in.

I understand that, but that's not what I was asking.  But you also can't spend your bitcoin when you go to the market, so it's not a solution yet.

If you don't want to share that information, just say you'd prefer to keep it private.