Quote from: LogitechMouse on Today at 05:41:02 AM

Quote from: yazher on September 14, 2022, 10:28:29 AM

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For how long should people understand the importance to have bitcoins for emergencies such as this one?

https://www.facebook.com/watch/?v=607786560854535

Quote

Depositor stands on a desk holding a gun inside one of Lebanon’s local banks as she demands the release of her money to pay for her sister’s cancer treatment.
Video from: marwanmatni
-Arab News

For that quote, we don't know the whole story. Maybe the Lebanese bank is holding it for some reasons. On the other hand, the depositor will not go there with a gun if the bank just releases the money immediately knowing that this is an important and urgent matter. I guess she is desperate already to get her money thus, she went there with a gun. Still, holding withdrawals is not a good move by the bank.

As to Bitcoin, Bitcoin isn't being accepted in some establishments such as hospitals and the like. Yes, Bitcoin doesn't have this kind of problem, but the problem is the lack of acceptance from different establishments.

I guess we should consider doing research regarding banks first before depositing your money there.

It wasn't really about the Bank but the Lebanese Economy that has more or less collapsed by mismanagement as a sectarian elite borrowed with few restraints, so, no matter the amount you have in your Bank account, Withdrawals of hard currency have been limited for most people since 2019 when the value of the Lebanese pound plummeted and inflation soared. Source]bbc.com/news/world-middle-east-62900795]Source
Even if the bank had the money, they wouldn't have been able to give that amount to her and even with her action, she still couldn't get the total amount she wanted.
So until Bitcoin is widely accepted for payments across different sectors of the economy, we might still be dealing with this type of Bank issue.