for no reason closed Bank accounts show BTC Use Case

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In the long term, anything approaching its true value. Products or companies that offer their customers no true Use, disappear after some time again. The same applies for the connection between the price of a particular Good and its value. The rate of each asset varies. What really counts is whether this has a value, that is to say its users with more value. This fundamental law is also true for Bitcoin. Again and again, is accused of the new Asset to arise from “hot air” and nothing of value. However, contrary to this opinion is shown by many Bitcoin News that BTC whit a variety of different Use Cases (to be. Use cases) and thus a true Benefits it offers. The example of the causeless closure of the Bank account of an Ex-Paypal boss illustrates the advantage of the censorship resistance of BTC once more.

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Bank account of Ex-Paypal CFO closed

Commercial banks are companies like any other company. Accordingly, you are free to choose their own customers. From this freedom of the financial institutions also regularly use, such as the Following Bitcoin News example shows. However, nothing would be said, if your finances are a sensitive issue and every one of the money in the Bank, parked, wish this knowledge in security. How to Roelof Botha, the former Paypal CFO (Chief Financial Officer), announced via a Post on Twitter, has closed his Bank account at one of the largest banks in the USA, Bank of America, after more than 20 years of joint business relationship short-hand. The only thing he received was an unjustified written notice to the Bank. In this state, to conclude that they had “determined after a careful Review” to his Bank account in 30 days.

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Bitcoin News confirm the Use Case of BTC

This example of a Public and relatively well-known Person shows that even people in Western Nations, regardless of their social Status, are not exempt from the Central arbitrariness of the financial institutions. Many people forget after the opening of a Bank account, the Bank reserves the right to close the account without giving reasons.This Central control over who participate in the financial system and financial may services, it is what Bitcoin is different from all Previous. Because of its decentralized nature, can any man in the world 1. according to his own will on the network to participate, and 2. Transactions send.This all happens without that an Institution or a government could prevent this, and equips people all over the world with incredible freedom and security regarding their own finances. This censorship-resistance is what makes the true value of Bitcoin and why many experts think that a much higher BTC price will be possible in the future.To confirm the value of free participation in a financial network, you have to ask only once for the billions of people around the world, their (economic) life is extremely restricted, because they meet due to the coincidence of the birth of all policies of banks. How would your life change if suddenly you’ll receive a Bank account or credit card more?

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