Banks beginning to realise Bitcoin is a threat to their bonuses

Posted by on 15 November 2013 | Comments

An article in Forbes details the problems that Bitcoin Entropeneurs and businesses are having openening and keeping bank accounts. This is businesses with hundreds of thousands of dollars of cash, the banks dont want to know. The banks cite "risk" as the reason that they wont keep these accounts.

Funny, the banks have never taken on risk before have they. They wouldnt deal in risky default credit swaps or anything like that.... no.

They've realised, quite late, that Bitcoin is bad for their bonuses, and their control of the money supply. Bitcoin is going to upend the worldwide financial situation. I like the idea of trusting a non-restrictive group of computer programmers with the financial system over the current group of world banks.

Check the article out for yourself