11-09-2020, 05:06 PM
Am I The Only One Who Hated Banks Even Before Meeting Bitcoin?
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/jqwyv7/am_i_the_only_one_who_hated_banks_even_before/"> <img src="https://a.thumbs.redditmedia.com/zi_RCt9VhVpQixoHd9jZyVOstlLHOm7px9HOBscc8o4.jpg" alt="Am I The Only One Who Hated Banks Even Before Meeting Bitcoin?" title="Am I The Only One Who Hated Banks Even Before Meeting Bitcoin?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Before I learned about Bitcoin, I used to be so angry with the way most retail banks exploited their customers.</p> <p>I mean, who gave them the power to cheat people in broad daylight?</p> <p>​</p> <p>​</p> <p><a href="https://i.redd.it/ve2utr98n7y51.gif">https://i.redd.it/ve2utr98n7y51.gif</a></p> <p>​</p> <ul> <li>The interest (0.5% pa) they pay to customers on deposits is ridiculously low when compared to the amount they get for lending funds to borrowers.</li> <li>They charge outrageous fees for transfers and maintenance costs.</li> <li>Transfers take many days to settle sometimes.</li> <li>You have to do the paperwork for almost any transaction.</li> <li>You can't secure loans easily.</li> <li>You can't move large funds freely.</li> </ul> <p>When I met Bitcoin, one of the first things that fascinated me was that I could actually hold money online without using a bank. That the value of the amount invested could increase massively is <strong>another bonus.</strong></p> <p>Banks are crooks really and only a <strong>necessary evil</strong> as a friend described it.</p> <p>We still need them to bring fiat into crypto and for other day-to-day transactions. </p> <p>I really do hope we'll eventually have a world where banks are not as relevant as they're today.</p> <p>Bye Banks</p> <p>Buy Bitcoin</p> </div><!-- SC_ON --> Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/jqwyv7/am_i_the_only_one_who_hated_banks_even_before/"> <img src="https://a.thumbs.redditmedia.com/zi_RCt9VhVpQixoHd9jZyVOstlLHOm7px9HOBscc8o4.jpg" alt="Am I The Only One Who Hated Banks Even Before Meeting Bitcoin?" title="Am I The Only One Who Hated Banks Even Before Meeting Bitcoin?" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Before I learned about Bitcoin, I used to be so angry with the way most retail banks exploited their customers.</p> <p>I mean, who gave them the power to cheat people in broad daylight?</p> <p>​</p> <p>​</p> <p><a href="https://i.redd.it/ve2utr98n7y51.gif">https://i.redd.it/ve2utr98n7y51.gif</a></p> <p>​</p> <ul> <li>The interest (0.5% pa) they pay to customers on deposits is ridiculously low when compared to the amount they get for lending funds to borrowers.</li> <li>They charge outrageous fees for transfers and maintenance costs.</li> <li>Transfers take many days to settle sometimes.</li> <li>You have to do the paperwork for almost any transaction.</li> <li>You can't secure loans easily.</li> <li>You can't move large funds freely.</li> </ul> <p>When I met Bitcoin, one of the first things that fascinated me was that I could actually hold money online without using a bank. That the value of the amount invested could increase massively is <strong>another bonus.</strong></p> <p>Banks are crooks really and only a <strong>necessary evil</strong> as a friend described it.</p> <p>We still need them to bring fiat into crypto and for other day-to-day transactions. </p> <p>I really do hope we'll eventually have a world where banks are not as relevant as they're today.</p> <p>Bye Banks</p> <p>Buy Bitcoin</p> </div><!-- SC_ON --> Kind Regards R