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RE: Briggsy's Bitcoin Blog - Monday February 5, 2018

in #bitcoin7 years ago

Agree with the fact that buying crypto with credit cards may lead to huge issues with people not being able to afford it eventually. However, i would like banks to do the same for gambling sites etc, because singling out crypto for this is just poor behavior in my view. Good post by the way

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agreed. I guess the one difference is that the banks are propping up the economy with a credit bubble, and they don't want that bubble propping up a crypto bubble, as a crypto bubble can then poke holes in their credit bubble. With casinos I'm guessing that Banks are invested into those, so they are just giving people money with one hand and taking it back with the other, so if the person goes bankrupt or can't pay back the credit card bill, the Bank has their money anyway, at least in one form or another.