I tried to do a wire transfer to Coinbase/GDAX yesterday and my bank said they wouldn't allow it. So I did ACH, which takes longer but is free. 
Ontopic So I'm mining bich coin now.
- Thread starter gee
- Start date
They don't "allow" digital currencies (with my own fucking money). If the bank didn't make me money in other places, I would have told them to close my account.
want me to have a word with them baba
i think a little before jesus
they contend that your deposit, as a member of the bank, constitutes a loan of legal tender to them. and once in their hands they take responsibility of that tender and the interest accrued is your reward, LMAO!!!!
they give you a pittance, loan out your cash for huge returns, then charge you a monthly,
LMAO AGAIN!!!!!
its crazy, i know!
BTW, yesterday’s congressional meeting on crypto currency was exceedingly positive!
Traditional banks are fucking scared right now man...
But all transactions still come through them, as the primary way to buy goods is still fiat. If everyone was accepting Bitcoin straight up for payment I could understand them being scared.
Crypto currency in many ways has become a secondary stock or bond market more than anything else it seems.
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And they're pulling out all the stops to prevent people from buying them. Visa/MC changed the MCC codes the other day for crypto transactions so that they come across as a cash advance. All sorts of banks are doing everything in their powers to prevent people from buying crypto. They know a paradigm shift is coming and are in the initial stage of grief.
nukes
I Eat Buttholes Raw
Well, this has been building for over a century. The West turned backed currency into Fiat expecting zero repercussions. Also, at least in this country, the Federal reserve is not federal government at all, it's private banks. Why would the governments and banking system which pulled the rug out from older traditional currency think they are the only flim flam game in town?
The reason bankers are nervous is they know that fiat money is all bullshit anyways.
The reason bankers are nervous is they know that fiat money is all bullshit anyways.
nukes
I Eat Buttholes Raw
Bankers and governments had a Monopoly on fiat for over a hundred years. They deny crypto because crypto bullshit money competes with "legit" bullshit money.
You can take that to the Fucking bank.
You can take that to the Fucking bank.
