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Concrete example : why Bitcoin is better than a bank

Concrete example : why Bitcoin is better than a bank

Bitcoin Reddit

Reddit / Bitcoin Reddit 83 Views

So I decided to close my account after Banco Millenium BCP (Banco Comercial Português) has increased the threshold for account maintenance fees exemption from a minimum €5k to €10k deposited/invested at the bank. Simultaneously, the bank has eliminated the €2.5k-5k bracket which had a reduced account maintenance fee (€54.42/year). The bank will be charging €64.9/year in account maintenance fees for clients with deposits below €10k.

Guess what, they took 1.20 eur to transfer the residual balance of the account. It corresponds to the cost of 50-60 transactions with Bitcoin on-chain, and we are talking about something wich has only 10 years. Not even mentioning segwit or LN. Bye bye banks.

submitted by /u/Sylfaen8
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