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MisterProton

(56 posts)

6. Thats exactly right...

Reply to MichMan (Reply #5)

Wed Feb 21, 2018, 06:49 PM

Feb 2018

They loan at 3% and the user invests and get 1000%? I don't blame the banks either - they should be speculating directly. I'm sure they wouldn't bet the farm on it, but I could see a bank tossing in 3 to 5 percent.

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Buy bitcoin with credit cards? Big banks say 'no',why not say no to gun sales for with credit cards [View all] turbinetree Feb 2018 OP

Perhaps because one is a speculative currency swap, while the other is purchasing a legal product? MichMan Feb 2018 #1

Banks are, and have been wholly engaged in speculative currency swaps LanternWaste Feb 2018 #4

Using their own money to do so is different than lending to others MichMan Feb 2018 #5

Thats exactly right... MisterProton Feb 2018 #6

This is more likely IMO MichMan Feb 2018 #9

I don't think that is the scenario banks banked their decision on Tiggeroshii Feb 2018 #11

It won't help law enforcement much if ALL gun sales are cash-only. Bucky Feb 2018 #2

I'm guessing it's a risk aversion policy. LanternWaste Feb 2018 #3

Bitcoin is the biggest bestest Ponzi-Pyramid scheme ever. hunter Feb 2018 #7

I remember Paypal and some banks shunning internet piracy transactions. displacedtexan Feb 2018 #8

It would be better to require all guns to be paid for with cards, either credit or debit jmowreader Feb 2018 #10