BANK

ElonMusksStalker

But the "MY BANK ACCOUNT" is 100X smarter Just saying

Master-Piccolo-4588

It is a BANK. You know what they do right? Besides, it’s pretty profitable.

UrethreaFranklin1

HOW ARE YOU GOING TO WITHDRAW MONEY FROM A BANK IF THE GRID GOES DOWN? Insert SpongeBob meme

Inevitable-Ad9006

Reddit guy "Michael Saylor gonna be laughing to the bank." Michael Saylor: "BITCH I AM THE BANK!"

ryanvk__

Doesn’t disappear. It comes out of the BANK system, removing several levels of leverage for the bank.

godofpumpkins

No no, when price goes up it means the world understands how right we always have been, and when it goes down it means the BANK$TERS are conspiring to keep the rest of us poor. Only possible explanation

PopFirm5291

Fck Chase Banks. Fcl Well Fargo. Fck Silicone Valley Banks. Fck all of them. Bitcoin is YOUR BANK now.

BraidRuner

Name the BANK so people can take action as in moving their accounts.

Desigrow

wtf is the branch “director” your mother? First off I agree with them in principle in life. But nonetheless this is against freedom. Add your age for context. Kindly put detailed google review, after you close that fuking bank account. Add the bank name here and help redditors leave the bank. It’s not you. THAT BANK DOESN’T DESERVE TO SURVIVE.

zero0n3

So whatever happened to that country who was using Bitcoin for their reserve currency? They must be making BANK right now? Bought golden toilets for all their citizens??

apex_editor

My wife keeps looking at our CB account and I keep telling her, until it's in our BANK account, we haven't made a profit.

Navman22

And you can take that to the BANK (cold storage)

CollarNegative

Also I’m not done reading their convo but looks like he was wiring to coinbase, account got frozen and then he started wiring to Bitcoin gate. Bottom line DOES THIS MEAN SHE HAS THE BANK INFO!????

LuganoSatoshi

customtoggle just learned the meaning of a BANK, thats there the money goes away from the stupid to the rich.

mrKennyBones

I’d say some of the projects within the Cardano ecosystem. $SNEK is a good meme coin, $AGIX, $IAG, $COPI and $BANK for gaming. And while it’s slower because it’s Cardano, who the fuck cares when it’s SAFE and predictable to use. This is a no-brainer to me. Cardano projects will go to the moon like any other chain. But the risk is so much lower on Cardano. Speed will come, that’s not the most important right now. Other, much larger problems needs to be solved first. Then those will and can scale later.

Southraz1025

Find a credit union, never use a BANK!

KlearCat

This is not about BANK safety deposit boxes, this is about a company offering safety deposit boxes that was doing shady things. Furthermore, having your only copy of your seed in a bank safety box is not a good idea. But have a copy of it IS part of a good plan if you are trying to craft a Will that will pass down your recovery seed to your loved ones. If I was crafting such a Will, I would 100% do this. Much better than saying "use metal detector in back yard and find recovery seed." Why? Because simply a bad actor lawyer who reads this would realize that you hold significant sums of crypto in your backyard that all they need is to go and get it. A lawyer can't go in your safety security box, and breaking into someone's backyard is much simpler than breaking into a bank. Also you can easily disguise your recovery seed. One example is in your will say "I leave my safety deposit box to ______. Please read the contents carefully, including all cards, paperwork, and mail" and leave an envelope disguised as a birthday card with the recovery seed inside. Even if that bank was broken into and robbers broke into the safety deposit boxes, they are looking for cash/jewels/valuable items...a birthday card from Grandma ain't it. (Also, you would know immediately as that would be front page news in your town that a bank was robbed) You can literally leave your recovery seed without even saying you are and with little worry that the recipient won't get it. People need to think outside the box here (or inside, I should say) and not just flip out when reading about some shady non-bank being raided for doing illegal things.

Ranchyspatula

ADA is 🔥 don’t believe the FUD! Checkout what Palmyra, Rosen Bridge, and $BANK have cooking! Iagon and Indigo are two other popular projects!

montauk87

You get two sets of keys - the bank does not have their own. No code. If you lose the key then the BANK will drill the safe to replace the lock and give you a new key

Full-Perception-5674

Not sure if you knew but this and Elon musk YouTube fakes were super popular a few years ago. Boy they made BANK on idiots. Sooooo much bank on soooooo many idiots.

Lavasioux

Here is some info for Stellar #XLM Fans, Stellar #XLM Stats for Dec 26, 2023 Transactions: 2,310,647 Operations: 7,481,792 (3.24 Ops/TX Avg) Average TX Cost: 0.000618 XLM ($0.000077) That's 2.3 Million transactions and all of the fees combined are about $177. 5 second transaction time average. Stellar Network has a built in Decentralized Exchange; SDex. No need to TRUST any exchanges! Accessable any day/time via any non-custodial XLM wallet (Lobstr, Solar, Stellarterm, etc) "Our Keys, Our Coins!" There is a Coinmarketcap type ranking website where we can view the assets issued; SDexExplorer, and check issuing token address authenticity as well as browse current trading volume and marketcaps. Stellar partnered with Moneygram and we can now on/off ramp $USDC with Zero fees at over 300,000 Moneygram locations in 180 countries, without needing a bank account. NO BANK ACCOUNT NEEDED. Stellar recently announced that the "Soroban Smart Contract" release date is January 30th, 2024. Just around the corner. It is currently live on the "Stellar Test Net". The official unofficial Stellar slogan is "Viva la Stellar!")

vastercryptos

HERE I LEAVE YOU THIS DE-ENTRALIZED BANK IS AS A BROKER AND PAYS YOU BETTER, IT DOESN'T COST YOU ANYTHING TO LOOK A LITTLE https://nexo.com/ref/e7eed4e7mg?src=web-link

vastercryptos

HERE I LEAVE YOU THIS DE-ENTRALIZED BANK IS AS A BROKER AND PAYS YOU BETTER, IT DOESN'T COST YOU ANYTHING TO LOOK A LITTLE [https://nexo.com/ref/e7eed4e7mg?src=web-link](https://nexo.com/ref/e7eed4e7mg?src=web-link)

yebyen

I did not have any malice intended and I seriously am genuinely interested in your trauma, otherwise I would never have engaged this conversation at all. I'm sorry if that felt like a cheap jab. I do not pay fees if I can avoid it, which for many cryptos is impossible, and I get that – but banks, you can usually move money for free. It isn't complicated. I don't get why you think it's complicated. There is no fee. I'm saying schedule, but really what I mean is "before it's too late." Before the scheduled payment comes out? You know? Which is why I'm not averse to using my bank or crypto funds. The fees are nil because I have practiced this, and I know how to avoid the fees. I have been burned by fees, that is part of my trauma. >Or... OR! And hear me out on this one because it might sound crazy: you could just ASK YOUR BANK. These things are regulated Are they? And this call is being recorded, is it? Hmm. I wonder if that will ever work in my favor. I've done that, bro, and it is deeply unpleasant. Like this conversation has been. I hope the rest of your day is better, whether you have one bank or many banks in your future. (Or no banks at all!)

FeeeFiiFooFumm

> I haven't heard you make one solid argument for why that's a bad idea - "too complicated" or "costs money" are both variables What do you mean you haven't heard any solid arguments? "too complicated" I never said but "costs money" and "doesn't do anything besides complicating things" is exactly the argument not to do it. Do you not realize that all your tests and checks are utterly worthless should your bank or crypto exchange or blockchain of choice break down? What does it help you that you spent and rebought your bitcoin every month, all the while incurring unnecessary taxes on these transactions, when once the exchange/blockchain DOESN'T allow you to withdraw or transact, none of your prior tests will help you? You're delusional if you think you can avoid losing your money by "spending and replacing on a schedule" especially if it comes to crypto. Even with banks I don't see how it helps you to move your money around. Not having all money in one account might save you from a single bank failing, yes. Moving money around doesn't contribute to that. > Ever heard of rotating your keys? It's a good idea for opsec reasons to rotate your keys on some schedule Yes I did and no this is absolutely not the same as "spending and replacing some bitcoins on a schedule". You're not "rotating your keys", you're just throwing money out the window for no good reason. > I think you should move your coins because you should have an idea of what it costs You can get this idea perfectly well without ever moving one sat of crypto. Have you ever heard of tx fee calculators? There's whole websites dedicated to just showing you the transaction fees for almost any crypto. **Why do you think you need to actually move it to know what it will cost? Especially if you consider that fees are dynamic with most blockchains and your tests don't tell you a single relevant information in terms of cost for any future transaction.** My man, with every sentence you write trying to explain your reasoning it becomes ever more clear that you really haven't thought this through. > I suspect that's where our disagreement actually stems from, but you don't want to admit it because you're a small-blocker. No, I believe I was rather clear on where I disagree with you: Moving around cash or crypto is useless and only costs you money. I don't know what you mean by "small-blocker" but whatever you think that insult to mean, it's got nothing to do with why you're objectively wrong in your assumptions and reasoning. > I think the same about my banks. If one bank takes 4 days to move money and the other bank takes only one day, that's an operational characteristic of the bank that I won't know if I'm not moving money around. Or... OR! And hear me out on this one because it might sound crazy: you could just ASK YOUR BANK. These things are regulated. They have to tell you how long a transaction will take. It's in their terms and conditions. Again, you're incurring extra work and potentially extra fees to get an information you've already been provided when you signed up with the bank and which you otherwise could get for free at any point in time by JUST ASKING. > So I am glad you got a good bank and good relationship with them hope they never lock you out of your money. How does moving my money around on any random schedule help me with that once they do lock me out, though? > hell, I used to work for one of these banks As a janitor or a teller at best, maybe. You don't seem to grasp basic operation and regulation concepts of any proper bank according to your own words. > Surely it's a good idea to incur your tax liabilities little-by-little not all-at-once. This doesn't help you here at all. You're just incurring ADDITIONAL UNNECESSARY tax liabilities by doing it your way. > Honestly, if you have more than one crypto token then why wouldn't you have more than one bank? Because a crypto token and a bank are two completely different things. I don't need two banks to hold EUR and USD. I can do that perfectly fine with just one bank, just one account and no moving of funds on any schedule whatsoever. > because all banks won't open you an account at all once your credit is no good. (Ask me how I know.) I don't need to ask. You showing it over and over again: you don't understand this stuff. You are financially illiterate AND you don't realize that you are. > Honestly, you're the one with a problem. I never said I had a problem, I just said I move my money and you had a whole conniption fit "you shouldn't do that" Buddy, you're on the internet. Commenting on a thread about avoiding high fees with BTC. Nobody asked you but you decided to comment your nonsense about "spending and replacing your crypto on a schedule". What did you expect how others would take this? Did you think everybody else would just go "oh, that's just a random stranger mumbling to himself" or maybe rather that you tried to provide an answer or at least to contribute to the discussion? Of course you could get feedback to your comment and in this case it wasn't positive. I don't believe that's a "conniption fit", my man. > I think you have some unresolved trauma you're not telling me about. I do and I won't tell you because it doesn't relate to the issue at hand. But also because you can't even take care of yourself, apparently. Why would I trust you with MY trauma. lol. Also: that's a cheap and unnecessary jab.

Ok-Western-5799

What are your thoughts about FET? One of the most talked about AI projects of the year. I think the Oracle will also take shape ahead of the next market run and projects LINK, BANK, SUPRA (Public sales happening soon) taking the lead

Crypt0nomics

Read up you may learn something OP. STOP USING CRAP exchanges- should not take a lot of time and shouldnt cost a dime! Coinbase and Binance are the Fedz "Man the process is very exhausting. Having to transfer to coinbase, and then transfer to your own bank account takes a lot of time. Plus all the fees along the way make you lose a lot of money. For example I withdrew $200 USD, and had to pay $50 USD in fees along the way." \---also in a nation that touts USD like America.. it is always going to make crypto take a back seat. However you can buy food and water with BTC and crypto.. but many of these places are areas where the USD is not the premiere currency. People in Latin America couldnt even survive if it wasnt for crypto due to hyperinflation of their sovereign currency. Also buying crypto via an exchange is not the only way to obtain crypto. It can always be MINED and many ppl in Latin America did just that when their currency went belly up. Although America hasnt seen hyperinflation YET.. it will and when it does having crypto as well as other forms of payment like precious metals and cash will be the diversity to allow you to get things that many pppl cannot. Crypto was never about avoiding banks. It was to allow you to become YOUR OWN BANK. To have a store of value in crypto that no one can take from you. Now if you sell and give it back to the market in exchange for USD- thats on you. You dont OWN Us Dollars- the Federal Reserve does. They however dont own and control crypto. They do however control many of the mainstream exchanges which is why you have to get verified and KYC BS. The time has come where the feds are clamping down on exchanges. This is their way of controlling the crypto space- but its only worrisome for ppl who are only buying and trading back to USD. They clamped down on Coinbase many moons ago. Binance is their next victim. You should never use either of these.. and if you do it should be to buy and quickly withdraw the crypto from the exchanges back to cold storage. If your in crypto to just buy and sell as the moon rises and sets- well that isnt what it was for. Afterall your going right back to the BANK lol. It was meant to allow you the buyer sole control and have a store of value. Just because you cant do things with crypto in your country now, doesnt mean you wont tommorrow. It also doesnt mean other ppl arent using it to survive and make ends meet.

pazsworld

Adding to this! I can sell a portion of my MSTR and have the funds in my FIAT BANK account immediately. I'm not fully onboard with my node and my current FIAT Dollars are currently being utilized with the banking system. THIS will have to change soon!

Lavasioux

Info for Stellar #XLM Fans, Stellar #XLM Stats for Dec 01, 2023 Transactions: 2,080,674 Operations: 8,164,580 (3.92 Ops/TX Avg) Average TX Cost: 0.000570 XLM ($0.000068) That's 2 Million transactions and all of the fees combined are about $141. 5 second transaction time with a feww less than 1 cent. Stellar Network has a built in Decentralized Exchange; SDex. There is a Coinmarketcap type ranking website where we can view the assets issued; SDexExplorer. NO EXCHANGE NEEDED. Stellar partnered with Moneygram and we can now on/off ramp $USDC with Zero fees at over 300,000 Moneygram locations in 180 countries, without needing a bank account. NO BANK ACCOUNT NEEDED. Stellar recently announced that the "Soroban Smart Contract" release date is January 30th, 2024. Just around the corner. It is currently live on the "Stellar Test Net". The official unofficial Stellar slogan is "Viva la Stellar!"

Lavasioux

Info for Stellar #XLM Fans, Stellar #XLM Stats for Dec 01, 2023 Transactions: 2,080,674 Operations: 8,164,580 (3.92 Ops/TX Avg) Average TX Cost: 0.000570 XLM ($0.000068) That's 2 Million transactions and all of the fees combined are about $141. 5 second transaction time with a feww less than 1 cent. Stellar Network has a built in Decentralized Exchange; SDex. There is a Coinmarketcap type ranking website where we can view the assets issued; SDexExplorer. Stellar partnered with Moneygram and we can now on/off ramp $USDC with Zero fees at over 300,000 Moneygram locations in 180 countries, without needing a bank account. NO BANK ACCOUNT NEEDED. Stellar recently announced that the "Soroban Smart Contract" release date is January 30th, 2024. Just around the corner. It is currently live on the "Stellar Test Net". Every XLM wallet on the network receives a daily Twext from Salt's Giveaway bot. Like it or hate it, the official unofficial Stellar slogan is "Viva la Stellar!"

poops314

What are we doing? Basing monetary policy opinion on a bank chief’s son’s trading experience? What if he’d gained 60%, would that sway a BANK CHIEF’S opinion? Satire.

crypto_dood

The Binance app shows the message: Channel Maintenance Due to technical reasons of the channel, we are suspending the BANK TRANSFER (MAYMONADE) service. We will resume the service as soon as possible.

audigex

Is there a law against YOU sending money to the casinos or YOUR BANK sending money to the casinos? If the latter, it’s probably not illegal for you to bypass the restrictions on banks unless there’s specifically a law against that

LoudSoftware7528

"This is then broadcast over the network" Maybe if you read the sources that you post, you will understand that "I can send Bitcoin over ham radio" still means using THE INTERNET. Sure, I can use the first telegraph to buy Bitcoin. I can also use the first telegraph to make a bank transaction. BANK TRANSACTION ARE UNSTOPPABLE. What is your point?

telejoshi

This is actually (really) big. Right now it's for institutions but it's just the beginning. Here's the translated announcement from their website: >DZ BANK has launched a new platform for the settlement and custody of digital financial instruments. This makes the cooperative central institution one of the first banks to launch such a service for institutional clients based on blockchain technology. With a volume of over EUR 300 billion, DZ BANK is the third-largest custodian in Germany after BNP Paribas and State Street, and the largest among German custodians. > >"We assume that within the next ten years, a significant proportion of the capital market business will be processed via distributed ledger technology (DLT)-based infrastructures. In the medium term, we see DLT as a complementary technology to the established infrastructures in existing capital market processes," says Dr. Holger Meffert, Head of Securities Services & Digital Custody at DZ BANK. The bank has hired more than a dozen new employees in IT, operations and compliance to operate the new custody solution. > >The bank has been working with blockchain technology for years, and in 2022 it began setting up the digital custody platform for institutional clients. Here it will initially take crypto securities into custody. This includes a crypto bond from Siemens, which Union Investment and DZ BANK subscribed to six months ago and which has now been transferred to the bank's own custody. DZ BANK had previously been involved in the first external transaction of crypto fund shares of Bankhaus Metzler as a settlement agent and custodian. As both cases fall within the scope of the German Electronic Securities Act (eWpG), custody is already possible with the existing licenses. > >In order to enable institutional clients to invest in cryptocurrencies such as Bitcoin in the future, DZ BANK applied for a crypto custody license from the German Federal Financial Supervisory Authority (BaFin) in June. In parallel to the solution for institutional clients, the bank is working on an offering that will enable private clients to invest directly in cryptocurrencies. > >With the existing infrastructure, the bank is also in a position to actively participate in the exploration phase of the European Central Bank (ECB), in which the settlement of large-volume capital market transactions in central bank money is being tested.

maskci

it's obviously the next step in evolution, anybody who trashtalks crypto doesn't understand the financial system in the slightest, and either doesn't know too much about blockchain technology or doesn't know it's context on a macro level. not to mention the max potential here is always somehow misunderstood by those often paid off misinformants. ​ *Let's start with the no-brainer:* if you find yourself in a life threatening situation that money can help you get out of... and your bank is down due to maintenance, revolut or any other tardfi company blocks or deletes your account, funds are frozen here or there... you or other people threatened by that circumstance are all dead. and only the tardfi is to blame for that... can't happen with crypto, ever. *Other reasons:* Decentralization with perfect code to run systems means the central parasitical entity in EVERY SINGLE COMPANY is overthrown by a selfless, human-less system. The management becomes perfect code either through ai or a system governing equally weighted user input; in other words, what previously was ran by greedy men exploiting all possible human resources, now becomes like breathing, like water circulation cycles around the globe. There is a corporate middle man between every transaction ( financial breathing, in and out ), parasiting off of people and creating fake money from the sky... without the middle man but with a perfect code-governed system, the CEO has to go, the BANK has to go, the fucking corp has to go. With blockchain AI would replace EVERYONE, ESPECIALLY those that have so much because of old money, connections, and other commie shit. Payments, verifications, safety precautions, company allocation of whatever resource, ai could do that and no human has to eat fat stacks of $$$ to do something like that, exploiting people on the way. \+ moving value across borders \+ storing info / value forever infinitely ​ buddy... get more knowledge, only when it's all obvious then you can take a break! also, remember there's a war between centralized and decentralized systems any opinion in the markets against crypto is by people who make buck being on the opposite side whenever a normie bashes crypto please understand their whole life is supported by a paycheck of somebody who would go bankrupt had decentralization of their economic field taken place, they are heavily, deep in the system that pays them. the system hates decentralization. it's death of the system's governors.

Deep-Distribution779

is it possible that “CENTRAL American BANK” might possibly have an agenda in making Bukele and his BITCOIN agenda look bad?

Classic_Ad3154

Nuff Respect! If Your money is in Chase Bank but you can't spend or risk Your money as You see fit. CLOSE YOU CHASE ACCOUNT AND TELL THEM WHY IN WRITING! DEFUND CHASE BANK! DEFUND ANY AND EVERY BANK THAT TRIES TO CONTROL WHAT RISK YOU TAKE; WHILE HAVING YOUR MONEY IN THEIR ACCOUNT IS ACTUALLY A RISK THAT YOU TAKE! DEFUND CHASE BANK!

TarkovRedditor

Bloomberg Terminal: KRAKEN: RECEIVED AUTHORIZATION FROM CENTRAL BANK OF IRELAND AS AN E-MONEY INSTITUTION

Elegant_Tale_3929

Right, but because they are a BUSINESS and not a BANK there is a limitation on reclaiming that money. I believe it's around 6 months or so after that it gets a bit iffy in the US, at least, and their eligibility to reclaim that money. Australia might be different though.

teh_d3ac0n

Really awful way to learn you can't trust someone that his surname is a combination from the words BANK and MAN. ​ Banksters in disguise.

atict

This isn't sitting on their balance sheet it means nothing. BANK HOLDS BILLIONS OF DOLLARS sounds dumb. Before some nut fuck says its an exchange and people shouldnt treat it like a bank lets live in reality people do and will continue to. Not only that it will be the go to for institutions to have a company like Coinbase or Galaxy custody their BTC.

Agree-Refuse-69

And THIS is how you DESTROY CENTRAL BANK SCAMMERS' holds on your country ​ bravo The government controlled by IMF and CenBanks can LARP all it wants but PEOPLE set the REAL MARKET RATE

No-Tackle-8652

It definitely needs it scalability. Every app on Cardano shits the bed whenever there's a highly anticipated launch or meme coin. Recent examples are SNEK / BANK / whatever that options token was on Muesliswap.

ra246

Opening up to the masses, but these boys gonna make **BANK** from people with these fees.

maynardstaint

Correct. All these things exist today and use 50-60 year old tech. But If you EVER want them to be better that have to be updated. What do you think ISO 20022 was about? Making sure EVERY BANK uses the same messaging protocol so they can all be attached to one another in the future. You know who does that? ONLY ripple and stellar. You’re not correct that banks don’t “NEED” blockchain. Banks are NOT directly connected to one another. The EU has created a central Hub via Sepa. But sepa itself is utilizing tech. Most likely a dlt crypto protocol. Just like fednow in the US utilizes the xrp ledger and other dlts to organize liquidity. Before email, there were business opportunities that were not possible. It would take too long to physically mail the invoice to remote places. As well as getting cheques to those companies. But once email was available, you could speak to some one nearly instantly. This allows even more globalization of industry and sales. And now the main thing holding back out worldwide economies is the speed of money. Banks don’t have more money to lend. That have to keep a certain amount of reserves. The ONLY WAY for banks to speed up money is to STOP letting it sit for days in one transaction. If those transactions speed up, they can make several per day with the same money. Allowing them to earn that transfer fee multiple times per day, instead of twice a week. You can’t say that you DONT NEED CRYPTO just because YOUR very narrow usage doesn’t include it today. Because you rely on that company for your transfers, and that company relies on blockchain. Even if they don’t use it for your VERY SMALL use case.

kakashihokage

They mean send it to a fresh wallet that you own first, but they will still require kyc, I've been saying this for 7 years now. We MUST have coins that are private, this is how govt is trying to kill crypto, with kyc. First in the us they killed P2P saying you have to be a money transmitter. I'd kill for a localbitcoins.com like we used to have omg you guys have no idea how sweet crypto used to be... Now they start demanding every single "broker" (which includes online wallets!!!) Has to gather kyc and has to send in a report to the IRS on who you are and exactly how much money you have!!! Scre this crap crypto was supposed to free us from the banksters this is NO DIFFERENT THAN A BANK!!! They will be able to sieze at fiat on/off ramps. Now you have coins that are not as good as other coins because you have to try and wash them if you don't buy your coins on a pre approved exchange, your coins could have come from a hack or a dark market and who's to say govt won't just start taking those within a certain amt of hops, maybe you get investigated and audited for having coins too close to "bad" coins. The fungibility issue is absolutely destroying crypto. We need fully private and fully decentalized exchanges. Why don't people understand how important this is? Every ounce of our development efforts need to be poured into developing privacy tech. Find a way to have private chains that work and keep chain bloat down, I don't see a problem with a periodic pruning of the chain though myself. Whether people like it or not, without truely private coins and the ability to SPEND THEM like cash then crypto solves nothing but being a faster SWIFT.

Kricket

Just had a BRUTAL customer service call with a NATIONAL BANK’S complaint department. Wouldn’t talk to me because my name wasn’t correctly listed on the account. The complaint was that my name wasn’t correctly listed on the account.

Zero_Effekt

I've used Coinbase exclusively as my fiat on/off ramp for nearly 7 years now. It wasn't until sometime around the site change, which forced migration from GDAX/CBPro to CB, that mysteriously I could no longer make direct deposits from my bank account. I suddenly had to 're-link' it, which involves literally giving Plaid my online banking login credentials (user/pass). Which is utterly hilarious considering they lost a massive class action lawsuit a handful of years ago for exploiting/abusing everyone's personal financial data (which they can take a peek at whenever they feel like it). tl;dr I deal with the bs card fee on top of the 'paying higher than spot price' since I value my ^(LITERAL BANK LOGIN CREDENTIALS) too much to give that information away. Never had to do it in the past. Now suddenly "but everyone's doing it!" is the mantra that counters my complaint/critique. Imagine giving a 3rd party, whom has previously violated people's personal financial data, the login credentials to ... your personal financial data. All so you can 'avoid pesky fees'.

J-E-S-S-E-

No BANK activities pose risk to US banking system

chrisdamian81

sillicon valley was a 200billion official BANK!! and they failed, they were 4 times bigger than binance, the point of btc is nobody owns your money. binance owns your btc you own nothing

defiCosmos

You can make BANK with JPegs! Shiiiit.

iamjide91

It's common for newcomers to experience this. Over time, I've shifted my focus from percentage gains to the actual usage and utility of the tokens. I'm holding BANK and DIA mainly for their utility rather than just their price. Even during market dips, I've continued to buy more of these tokens.

Machete521

My redditor in christ Musky wants ol X'y to be an exchange Coinbase is launching their own freakin network Jack Dorsey and Micheal Saylor are making BANK **BLACKROCK** Were already being manipulated. Just DCA and wait.

middlemangv

Where all of this came from? I never said use banks or use crypto only, I just made a comparison, with some examples that were pointing to one question (fair simple one) - DO YOU FEEL THAT MONEY IN THE BANK IS TRULY YOURS? Is crypto perfect? No. Do I use both systems? Yes. I am tired of people bashing on me yet missing the whole point.

BrianS911

Veridian is probably one of the most well connected CEOs in the space his reach is vast throughout tra Fi, and defi.Over ledger is a game changer when it comes to operability between both markets.He holds consultation positions in the UK, France and south America.On par with ripple, Quant is the Choice for Smart Money.My personal take is that if you don't have some it's complete stupidity in the long run.A good % of cbdcs will be developed and will also run on over ledger. MONEY IN THE BANK!!!!! As you will hold some of the assets that will make up a good % of allocated assets of what global conglomerates will use for international settlements.

Umpire_State_Bldg

Nixon did not wake up one fine morning and say, "You know what? I think I'll take the Dollar off the gold standard..." It was not up to Nixon to decide. Nixon was merely the messenger - the front man who went in front of the TV cameras to announce what the rest of the world had already figured out. The US had abandoned the gold standard long before Nixon made his famous announcement. That is, the US had been "printing" more Dollars than they had gold to cover, for many years. Other countries were trying to exchange their US Dollars for gold which the US did not have -- a good old-fashioned **BANK RUN** on a global scale. The US got caught with its pants down. Nixon merely made it somewhat official by blaming "money traders". Nixon made it clear: All you other countries, we lied to you, we cheated you, you've been robbed - so stop clamoring to get your gold back - it doesn't exist.

ObiWanKokobi

Sam BANK MAN Sam ALT MAN Seriously? Are the devs this blatant in their rugs?

BitCypher84

> This image shows a completely fictitious scenario of doing a bank transfer This image clearly mentioned: 'SENDING FIAT'. Not 'SENDING A BANK TRANSFER'.

Silver-Maiar

>For example, HesabPay didn’t develop and port to Algorand on their own. Instead, AF paid them grant money to port to Algorand so they’d have a “success story” for their newsletter, but it has been a failure and is not being used. False. HesabPay is growing at 2k users per day. 1762 Active Merchants. Over 2.7M transactions on Algorand already. [https://twitter.com/HesabPay\_/status/1680202367461892101](https://twitter.com/HesabPay_/status/1680202367461892101) ​ >You want to talk TravelX? Tell me what problem it solves that wasn’t solved by simply purchasing airline tickets using standard technology? To me, it’s like inventing a solution to a problem that is already solved and you don’t need a decentralized blockchain to issue NFT airline tickets. Why yes, I do want to talk about TravelX. They are already partners with the second largest airline in Argentina, and also announced a new partnership with AIR EUROPA. Their entire model provides secondary ticket sales and helps BOTH the airline (through commission of resales), AND provides ticket purchasers with a secondary ticket market (another win). ​ >Lofty is the only one that seems like an interesting idea Oh cool you actually recognize the value of tokenization of assets (including real estate). Good job champ. You didn't even address the other use case I mentioned, which is the CENTRAL BANK OF ITALY choosing **ALGORAND** for digital sureties. For your reference, the Central Bank of Italy is one of the "big three" EUROPEAN UNION CENTRAL BANKS.

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; European banks are leading the global race in providing bitcoin custody services, while U.S. banks face regulatory challenges. The U.S. Securities and Exchange Commission's guidelines treating customers' crypto assets as liabilities have proven to be a significant hurdle for U.S. banks. In contrast, European banks have been proactive, with major institutions like Deutsche Bank, Credit Agricole's CACEIS, BNP Paribas, and DZ BANK AG announcing plans to offer digital asset custody services. The demand for these services is fueled by the increasing involvement of U.S. households in crypto-assets and the growing interest among younger generations. U.S. banks need to overcome regulatory challenges and meet the evolving needs of their customers. The success in the crypto custody race will be determined by adaptability, resilience, and a clear understanding of the complexities of the crypto world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AnotherPosition

Yeah, definitely dead. The American Red Cross just announced a partnership with Visa to pay disaster survivors benefits through their Kare platform, which is built on ALGO. FIFA is still building and just released a self custody option for their nft platform, but yeah definitely dead. What else, oh yeah, BANK OF AMERICA just highlighted TravelX nft ticketing for airlines as a breakthrough usecase in one of their papers, but yeah, it’s dead. The list goes on. Algo isn’t going anywhere, no matter how bad you want it to!

Odlavso

Biy $BANK on Algorand, it's sure to comeback up. >!Do not buy BANK on Algorand, Algofi is dead!<

confirmSuspicions

Actually they did screw over anyone that locked up BANK token. Only the people that had a liquid token could sell it in time. Now it's worth a fraction of what it would have been.

Flynn_Kevin

This stings a little, but I'll be fine. I made enough off ALGO during the bull run and shorting on the slide down that my bag is house money. Not only is my bag house money, it's been earning enough ALGO that my portfolio $ value has been relatively stable. I had enough faith in AlgoFi that I locked 100K BANK until January 1, 2027. Just going to write that off as an unrecoverable total loss and move on. Which is fine, 100% of it was air dropped or earned by staking. AlgoFi was a money printing machine for me in 2022. I read the writing on the wall when they announced that the Vault would not be participating in governance period 8. I pulled all my liquidity off the platform and dumped all my STBL/STBL2 and what BANK I had put into LPs a couple of weeks ago. I know I'm a small fish, but I did have 3.5% of the ALGO-BANK pool on Tinyman V2. I know a lot of people got burned on ALGO. Could have been me, but wasn't. I'm going to keep doing what I have been in the ALGO DeFi space and hope that we see some price action next run. Remember, I'm playing with house money now. If it goes to zero, it's a loss that won't really mean anything to me other than a sweet write-off.

Odlavso

Here is the $BANK chart (Algofi token) right after the announcement if anybody is interested. 

coredweller1785

Socialist myself and a bitcoiner. It is a public good and Jack Mallers himself has said this a few times. If you read Buterins book Proof of Stake his main ideas are how to proliferate public goods through crypto. Fixing trust and governance. Preventing centralization of power. The Fed on the other hand are a PRIVATE BANK. The Fed Regional banks are PRIVATE FOR PROFIT BANKS. The Fed governors are all right wing neoliberal capitalists. The goal of neoliberals based on hayek and friedmans Austrian economics is to reduce govt to a minimal size and use it for market friendly policies. What is more market friendly than printing 8 trillion to stabilize a financial market. So when right wingers say the Fed are communists or Socialists i fucking laugh in their face. If Socialists or even fucking Keynesian capitalists printed 8 trillion we would not spend it on stabilizing a fucking financial system we would build healthcare, education, housing, food, water, infrastructure, etc. Not stabilize some market. Anyone who says that has no idea what they are talking about.

experiencenonsense

Yes because they're a BANK. Not a weird and shady crypto exchange. Holy crap.

Fbastiat1850

Let me help: The money in your mind IS YOUR BANK ACCOUNT.

rjm101

This is why CBDC's would be so terrible. Instead of a bank imposing limits on you buying X amount of crypto every month it would be the CENTRAL BANK. So it doesn't matter where you go you can't just hop to another bank and avoid it.

stupidcupid112

Get a lawyer since this has police involved. But first contact your BANK. Ask them on whose request have they frozen your account. And get the details of the customer from there.

pojut

Hopefully! I'm just pissed at myself that I messed up that opportunity since the chances of the whole rebase thing ever happening again are extremely slim. If I'd had the knowledge during that time period that I have now, I could've made BANK. Woulda coulda shoulda though...as the saying goes, wish in one hand and crap in the other, see which fills up first.

coinfeeds-bot

tldr; Cardano DEX Minswap has seen a surge in trading volume driven by meme coins SNEK and BANK. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

NervousShop

Made a good bag of BANK myself, got little left to ride where it goes.

WhatAFellowWeAre

$BANK also on a rip today @minswap

flatpak2021_08_2021

lol the batching queue to buy BANK is currently >500 transactions literally impossible that you were able to buy in 1 minute

BriBumer

Not true, i bought some minutes ago BANK. And it took me 1 minute to get my BANK token. Trading half day buy and sell. Which wallet are you using? I am using eternl. Blockchain and wallet are pretty fast

flatpak2021_08_2021

it currently takes over 1 hour to buy/sell the popular trading pairs (BANK/SNEK) on the #1 DEX (Minswap) and the entire Minswap exchange has less than $10 million volume ATM

NervousShop

This sure is meme coin season. Another meme token called BANK launched on Cardano almost 12 hours ago and already done over 1500%. lol

Impressive-Key938

GET UR DAD TO STOP CONTACTING THESE PEOPLE IMMEDIATELY GET A NEW BANK ACCOUNT NOW It is so unfortunate this is the world we are in right now.

LatinumGirlOnRisa

yes! & thumbs up from me to your reply! because I hoped that point was clear to other customers, too! so, *THANK YOU,* for being someone who also understands that..as not sure why?? but seems far too many of our truly innocent brothers & sisters are being marketed to.. into believing a *now* multi-sig hot wallet is, somehow the same as an online hot wallet! and as, of course, the literal blueprint isn't the exact same! but the *basic* blueprint/model/potential wrong wave is the same. as is the Ledger NanoX is STILL marketed on Ledger's site pages as 'cold storage's wallet..which it is NOT. since it's now, for all who fall for this nonsense, NO LONGER a cold storage wallet! but leave it to Charles & friends to burn their previously loyal customers..those of us who STILL cannot fathom -or who are *willfully ignorant* about WHY Ledger's ridiculous change, this time around anyway, was..well.. disrespectful & tone-deaf & low social IQ stupid. because, really Ledger, between their advertised basic, cold storage wallet are ALSO STILL advertising 💯% contradictatry products that INVITE hacks/phishing theft's/wrench attacks!! and many who are already an IMMEDIATE financial target of cryptocurrency wrench attackers ACCESS to the names & locations of Ledger customers! since Ledger *ALREADY* allowed a data breach..leading, for hackers & wrench attackers, one/and or MORE than one of of their kids, a spouse, one or both of their parents, grandparents, etc, one or more of their locations! NO, Ledger: trust is LOST!! as you, NOW, have to change your conflict-of-interest-target-sales-demographic. what a SUPER-COLLASAL FAIL & only reinforced here in this baked-in, former BANK LESS sponsor!! so, what, on Ledger's next step and with so MANY [at this point, *former* ] but *no longer* customers' trust/trustless belief in Ledger...

PseudonymousPlatypus

What do you not understand about my point? You keep bringing up irrelevant stuff, so I don't know what you want from me. Just to keep repeating myself? And in your example, you pick two of the most expensive crypto to send. Why? To cherry pick to make your point? I send and receive crypto on a daily or weekly basis. I virtually never use BTC or ETH for financial transactions or purchase. Even with Lightning. So it's clear you're cherry picking coins that are not designed for your use case. The coins I use have less than half a cent fees or are free. You seem to be confused about why crypto exists. I'll repeat myself one last time to give you a chance to comprehend my point. Crypto was intended to be: - non-government - extra-legal - peer-to-peer - censorship-resistant - decentralized - private/fungible - digital - cash-like Your SWIFT transaction is none of those except digital. So maybe your use case doesn't need crypto. So why don't you just use SWIFT if it fits exactly what you want to do? Fiat has a place. Sometimes fiat should be used. Sometimes crypto should be used. Crypto provides a way to transfer funds without interference by governments. SWIFT can be seized. Frozen. Monitored. Censored. Tracked. Crypto (examples: Litecoin, Monero, Bitcoin Cash, etc etc) transactions cannot be seized or censored or whatever. It's decentralized. All of these have less than a cent fees and are fast. Essentially immediate. Monero adds fungibility and privacy. You don't NEED A BANK ACCOUNT for crypto. You need a bank account for SWIFT. You have to let someone else control your money. You have to beg for an account. Many people don't have the ability to open a bank account. Crypto doesn't have that problem. You seem to dilute the usefulness of crypto down to if you can turn it back to fiat for cheap. But that's not even what crypto is. That's like saying you need to turn a screw and being mad that a hammer isn't working. So then you say the hammer is a bad tool. Use the hammer to hit nails, and suddenly you realize it's a good tool. It solves the goals it set out to solve. It never tried to nor was capable of changing how exchanges function lol

Unohim

>Comment with BANK & COUNTRY # BANK & COUNTRY

Sauceeq

I fully support this. FUCK CHASE BANK BANK.

ChillyMathew

Just reading this feels illegal. I don't know in what world is it okay for someone LET ALONE BANK to deny you the access to your money and not let you spend it in a way you want.

MaximumStudent1839

>I DO NOT WANT THE BANK TO MAKE BETS WITH MY MONEY, Sure, don't use a bank. Go buy a vault or something. Put your money there. Even better just use private banking. There are options out there. No one is forcing you to use a bank. >GO GOOGLE SAVE THE CHILDREN ACT YOU FUCKING IMBACILE Here we are talking why fractional reserve banking make lending cheaper and more affordable. But you just go on a tantrum about how you don't want them to use your money. Who is the imbecile now? No one is forcing to use a bank. I bet you use the bank for all its financial convenience and services. You think they don't need to earn money to provide you those services lol? If you can afford to pay for these services directly, go private banking and stfu because you are off-topic.

TheFirstBull

Mate, what are you on about? Again you just blindly pass all my text and start whining about filthy rich parents and how bad full reserve banking would be. You are literally a bank advert LMAO This is the last time I bother responding to you, cause you're acting like a blind bank advert.. I go all caps bold text so you maybe understand lol **I DO NOT WANT THE BANK TO MAKE BETS WITH MY MONEY, BUT WITHIN THE FRACTIONAL BANKING SYSTEM THEY ARE ALlOWED TO DO THAT. UNDERSTAND THAT A NAME OF A SYSTEM HAS NOTHING TO DO WITH THE FUCKING SYSTEM, GO GOOGLE SAVE THE CHILDREN ACT YOU FUCKING IMBACILE**

MaximumStudent1839

Fractional reserve banking is how the world is able to afford cheap mortgages for young workers and struggling families. Without fractional reserve, interest rate would be extremely high and forcing people to rent, unable to build up their home ownership equity early. It hurts those who don't have assets and benefits those who do. It would make inequality a lot worse. Let make an example to make it concrete. **Day 1:** Joseph opens a bank called BANK and its total deposit value is $1.5 million in cash. $0.5 million belongs to Joseph and $1 million belongs to his customers. **Day 2:** Danny and Mike both need a mortgage worth $0.5 million. * **Under full reserve banking,** Joseph can only lend out his $0.5 million in deposits. So either Danny or Mike gets to own a home while the other will be forced to continue to pay rent instead of building up homeownership equity. * **Under fractional reserve banking**, Joseph can use his customer's deposit to help both Danny and Mike to both buy a house. Now both can stop subsidizing their landlords and put their income toward building home ownership equity. **Day 3:** Joseph can now use the interest he earns from Danny and Mike's mortgage to afford an APR for BANK customers' deposits. How else do you think banks can generate **REAL** yields to customers' deposits? They can't run like crypto PONZIs with printing their own money via inflation, aka crypto staking rewards. So many of you are easily hoodwinked by Austrian economic BS and fail to understand how fractional reserve banking provide essential functions all you take for granted. The asset rich people would LOVE to get rid of fractional reserve because they can dictate harsher borrowing terms on those who have labor but no assets. Young workers, who don't have filthy rich parents, will struggle harder under a system without fractional reserve banking.

BrextonPhilbisNewton

Reddit user Relai\_Alex says he will never kneel to CENTRAL BANK, but he is already on his knees. He owes his landlord rent and his landlord owes interest to a bank. Reddit user Relai\_Alex would never ask the BITCOINER army to help him buy a house free and clear, and even if he did, the BITCOINER army would refuse.

jps_

And you understand less if you aren't able to differentiate between an EXCHANGE and a BANK. Exchanges operate entirely on custodial assets and *must* be over-collateralized, otherwise they are not exchanges.

JoNwOrDy

BANK CRISIS BODY COUNT: 5 🇺🇸 - FRC, SVB, Signature, Silvergate 🇨🇭 - Credit Suisse 🇩🇪 - Deutsche Bank? 🇫🇷 - ? 🇬🇧 - ? 🇪🇸 - ? This is just the beginning....

bigshooTer39

BD Capital $BANK pays a BUSD dividend

Head-Search-4301

At this point, whenever we see BTC thriving, i go check if some bank is sinking again lmao. And yes that is true FIRST REPUBLIC BANK shares sinks for another 10% in premarket to break another new all-time low record. What a time to be alive !

nevjera

 HOMEMARKET US BANK CRUMBLES: CAN BITCOIN FIX THIS?  ADMIN APRIL 26, 2023 Facebook Twitter  Shares of First Republic Bank (FRC.N) fell over 20% after reporting a deposit decline of more than $100 billion in Q1. Will legacy banks continue to downplay cryptocurrency, or diversify? Depositors pulled over $100 billion from First Republic Bank in the first few months of the year. The deposit outflows started last month after two regional lenders collapsed, leading customers to move their money to larger institutions. The news follows a Q1 rocked by the largest banking crisis since 2008. “With the closure of several banks in March, we experienced unprecedented deposit outflows,” First Republic’s chief financial officer, Neal Holland, said in a statement. “We are working to restructure our balance sheet and reduce our expenses and short-term borrowings,” he added. As the bank grapples with liquidity problems, some observers may wonder whether it has gone far enough to diversify its offerings. These have been somewhat limited. For example, First Republic Bank has not established a crypto trading platform of its own, instead directing customers to third-party brokerages. Here, it stands in contrast to banks and platforms such as SoFi, Neobank N26, Juno, Robinhood, and others with more diversified offerings.

ThrillingTurtle

FADE IN: EXT. NEW YORK CITY - DAY The city is bustling with people going about their day. Suddenly, the sky darkens, and a giant shadow covers the city. The camera pans up to reveal Elon Musk, AKA Doge Daddy, on a giant spaceship shaped like a Doge coin. DOGE DADDY: "Attention, citizens of Earth! Your crypto overlords have arrived!" Cut to Satoshi Nakamoto, AKA Satoshi Nakamoto, in a secret underground bunker. He receives an alert on his computer. SATOSHI NAKAMOTO: "It's happening." Cut to Vitalik Buterin, AKA The Prodigy, sitting in front of a computer screen, analyzing the situation. THE PRODIGY: "We need to act fast. Musk is summoning an army of Doge shills to promote his latest scam coin." Cut to Michael Saylor, AKA Michael Whaler, in his office, holding a massive bag of Bitcoin. MICHAEL WHALER: "I'm ready to hold the line." Cut to Nayib Bukele, AKA El Presidente, standing at the edge of a volcano, ready to unleash his powers. EL PRESIDENTE: "This is going to get hot." Cut to Gary Gensler (Pre 2022), AKA The Educator, addressing a crowd of people about the dangers of crypto. THE EDUCATOR: "We need to educate the public about the risks involved in investing in cryptocurrency." Suddenly, the scene is interrupted by a news report. NEWS ANCHOR: "In other news, Warren Buffett, AKA The Veteran, has acquired a significant stake in several crypto companies." Cut to Warren Buffett, AKA The Veteran, sitting in his office. THE VETERAN: "I've been around long enough to know a good investment when I see one." Cut to Jim Cramer, AKA Zoltar, watching the news report. ZOLTAR: "I see great things in the future of crypto." Cut to Sam Bankman-Fried, AKA The Fraudster, walking into a bank with a briefcase full of cash. BANK TELLER: "How can I help you?" THE FRAUDSTER: "I'd like to make a deposit." Suddenly, the bank explodes, and The Fraudster disappears. Cut back to the heroes preparing for battle. SATOSHI NAKAMOTO: "We need to stop them before it's too late." THE PRODIGY: "I have a plan." MICHAEL WHALER: "Let's do this." EL PRESIDENTE: "It's time to unleash the power of the volcano." THE EDUCATOR: "Let's educate the world about the dangers of these villains." Cut to the villains, preparing for battle. DOGE DADDY: "Let's show these plebs the power of the Doge army." THE VETERAN: "I've been waiting for a challenge like this." ZOLTAR: "I see victory in our future." THE REGULATOR: "I will enforce the rules of the land." The heroes and villains face off in an epic battle, with each side unleashing their powers. Satoshi Nakamoto's unknown abilities are revealed, and he single-handedly takes down Doge Daddy's spaceship. The Prodigy solves the blockchain trilemma, weakening The Veteran's immortality. Michael Whaler holds the line against The Fraudster's disappearing act, and El Presidente unleashes a massive eruption from the volcano, taking down Zoltar. The Educator convinces the public to stop investing in crypto, causing The Regulator to lose his powers. In the end, the heroes emerge victorious, and the villains are brought to justice. Satoshi Nakamoto reveals that he had been working behind the scenes, gathering information on the villains and their plans. He thanks the heroes for their bravery and teamwork in stopping the villains' evil plans. As the heroes celebrate their victory, The Educator suggests they continue working together to educate the public about the risks and benefits of cryptocurrency. They all agree to work together and ensure that crypto is used responsibly and for the greater good. FADE OUT.

FoulmouthedGiftHorse

Hahahahahahahahahahaha!!!! SVB WAS VC money you dipshit!!! SILICON VALLEY BANK You seem intent on getting internet tokens with no oversight and little transparency. And the Defi protocols ALL have very strong ties to VC's and centralized exchanges - that way they have the APPEARANCE of being decentralized, but the VC's and exchanges actually control them. Rest assured, they won't lose any money, but you will. I've never used Zelle and it sounds like a shitty service. But I understand why you cryptobros like it - it has no fraud protections!

Safe_Boot677

Anyone realize and articulate yet how this guys name is Sam BANKman Fried? As in, UNCLE SAM fried the BANK man when he stole your money so you should trust the government 😉 It's a play on words, a joke in plain sight, and it's all about misdirection, manipulation, and distraction to take a shot at crypto and at the same time make the masses feel like the BANK MAN got FRIED for his bad deeds and everything will be alright if you just stay away from crypto. Get it? It's a subconscious trick on the general public by the Aristocrats running government. BANKman is an ACTOR who will ACT as the singular scapegoat to be FRIED by Uncle SAM, but it was really a goup effort perpetrated by Uncle Sam! Think about all the money that moved through FTX from cryptomarkets to financial institutions like banks(superpac donations, bribes, etc). At the same time, cryptomarkets are portrayed as unsafe and the BANKman in charge of it is getting FRIED. So now that the dust is settling come on into your local BANK and stay out of cryptomarkets! Just saying, think about it, and how all the hidden things that run society are right there for you to decipher. These people are master psychologists.

musecorn

Exchanges have a purpose and they are essential to the crypto world. But USE THEM AS THEY ARE MEANT TO BE USED: TO EXCHANGE! THEY ARE NOT TO BE USED TO HOLD YOUR MONEY. THEY ARE NOT A BANK. The more people realize this the better. But most people don't understand this until they lose thier money somehow and learn the hard way