That's an interesting idea: a section in the repo of banks that are broadly known to be non-problematic for btc-related activity? Although I guess the burden of proof on that is harder.
yeah, there are a handful of banks that don't take issues with their customers transacting with BTC (or crypto) services. Typically the newer "neo-bank" is friendlier
I don't get the point. They only block your CC to do this and not your account as far as I know. You can still make ACH to any bank (Including banks that are used for exchanges like Coinbase). That's a bank-to-bank transaction, just don't put "To Buy Bitcoin" in the description...lol. They can't stop that, ACH and bank-to-bank transaction is their primary function. Also, if they piss you off, change the bank, there is still plenty of fish in the sea...
I had my bank account canceled after 17 years as a customer earlier this year. The problem is they don't tell you why they are doing it. I suspect it's because of my association with Bitcoin, but they were never explicit about that. Hard to make a list when the policies are so fuzzy.
These official statements are so blatantly Orwellian. Instead of "we will still accept your deposits from crypto exchanges" "we will not restrict withdraws from crypto exchanges" as if they had control over that, they are just so obvious about how they don't want you to feel like they are controlling your money and you don't actually own it, and they sneaky want to encourage runs on crypto exchanges.
Do you think I say that just like that? No, it's a lot of work and time.
Do you think it's easy? No, not at all.
I was preparing myself for years, for this moment when I can say I do not depend on any bank.
Is hard work and you have to make a lot changes in your life.
Adoption will never come if people will just sit and cry that "How else can I receive my paycheck if my employer cannot pay me in BTC?" or "the merchants where I live do not accept BTC".
This. And another scenario. You have some fiat business, company, having some profits there. You might want to convert some of it to Bitcoin and put Bitcoin on balance sheet of the company. You will need to buy that Bitcoin from company bank account. Alternative would be to pay out dividends to yourself as an owner and then you can do P2P cash trade and buy Bitcoin that way, but that will involve forced paying of income tax to the government, so it's not in your interests.
Here in the US, i haven't had any issues with Capital One.
That's an interesting idea: a section in the repo of banks that are broadly known to be non-problematic for btc-related activity? Although I guess the burden of proof on that is harder.
yeah, there are a handful of banks that don't take issues with their customers transacting with BTC (or crypto) services. Typically the newer "neo-bank" is friendlier
Good idea!
It works both ways.
Only 2?
Oh, this repo was only created 5 hours ago. I'm sure this list will grow quickly!
A hall of shame
I don't get the point. They only block your CC to do this and not your account as far as I know. You can still make ACH to any bank (Including banks that are used for exchanges like Coinbase). That's a bank-to-bank transaction, just don't put "To Buy Bitcoin" in the description...lol. They can't stop that, ACH and bank-to-bank transaction is their primary function. Also, if they piss you off, change the bank, there is still plenty of fish in the sea...
This is awesome! We have power in numbers!!
I had my bank account canceled after 17 years as a customer earlier this year. The problem is they don't tell you why they are doing it. I suspect it's because of my association with Bitcoin, but they were never explicit about that. Hard to make a list when the policies are so fuzzy.
that's because people vote for parties that oblige the banks to do so! Don't be a sheep.
If you buy a domain, you can have this repo/list hosted by github pretty easily.
Fuck banks
These official statements are so blatantly Orwellian. Instead of "we will still accept your deposits from crypto exchanges" "we will not restrict withdraws from crypto exchanges" as if they had control over that, they are just so obvious about how they don't want you to feel like they are controlling your money and you don't actually own it, and they sneaky want to encourage runs on crypto exchanges.
This is a great idea. Banks that hate freedom and what to control their customers.
https://i.postimg.cc/kG2DvymP/wait-guys-bank.jpg
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Do you think I say that just like that? No, it's a lot of work and time. Do you think it's easy? No, not at all.
I was preparing myself for years, for this moment when I can say I do not depend on any bank. Is hard work and you have to make a lot changes in your life. Adoption will never come if people will just sit and cry that "How else can I receive my paycheck if my employer cannot pay me in BTC?" or "the merchants where I live do not accept BTC".
Don't just cry, BE THE CHANGE.
I will take a look
This. And another scenario. You have some fiat business, company, having some profits there. You might want to convert some of it to Bitcoin and put Bitcoin on balance sheet of the company. You will need to buy that Bitcoin from company bank account. Alternative would be to pay out dividends to yourself as an owner and then you can do P2P cash trade and buy Bitcoin that way, but that will involve forced paying of income tax to the government, so it's not in your interests.
https://darthcoin.substack.com/p/how-bitcoin-will-save-the-world
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https://m.stacker.news/4511