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muriel_volestrangler

(106,314 posts)

7. That's what happens when a bank fails

Reply to dkf (Original post)

Mon Apr 1, 2013, 01:16 PM

Apr 2013

Strange that a "European medium size IT business" can just move to a small Caribbean country. However, I don't believe that any IT business would ever contemplate payments in Bitcoin (that is like saying you'll put your employees' wages on a roulette wheel); they're either lying about that, or the whole thing is a hoax.

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"My bank account's got robbed by European Commission. Over 700k is lost." [View all] dkf Apr 2013 OP

It's not austerity. It's thievery librechik Apr 2013 #1

Best of wishes in finding a more secure tax shelter for the future. n/t bluedigger Apr 2013 #2

Maybe a regular bank EC Apr 2013 #3

They were located in Cyprus. dkf Apr 2013 #5

Why was the money in Cyprus in the first place? geek tragedy Apr 2013 #4

They were working there. dkf Apr 2013 #8

An IT firm that decides to base itself in Cyprus and then geek tragedy Apr 2013 #9

They are probably going to bank where they are located. dkf Apr 2013 #11

So, why is the next alternative going to be the Caribbean? geek tragedy Apr 2013 #12

Wow. A tax evader whining about "theft." Pab Sungenis Apr 2013 #6

Ding ding ding alcibiades_mystery Apr 2013 #16

That's what happens when a bank fails muriel_volestrangler Apr 2013 #7

The Govt is starting to take it seriously. dkf Apr 2013 #10

Yes - it's not a serious exchange medium yet muriel_volestrangler Apr 2013 #17

Don't know a thing about Bitcoin, but I do know about small businesses mainer Apr 2013 #13

Sorry BillyRibs Apr 2013 #14

WTF? Depositors are responsible for the bank's behavior? Comrade Grumpy Apr 2013 #19

A certain amount was supposed to be insured, not all JPZenger Apr 2013 #15

Can I assume that the world's bankers are made whole by this? MannyGoldstein Apr 2013 #18