#1
Had to pay a vendor for a client for emergency electrical work. I thought the wire was complete. Hours later I realized it was blocked for suspected fraud. Three phone calls and two hours later I'm being interrogated as to why I am making this transaction.
#2
I wanted to take advantage of this sweet dump, but Cash App says my bank refused the transfer that I initiated from "my account" of "my money."
Good thing robosats exists.
totally... I feel yah #1417296
The words I ended that article with echo in my mind now every time I open a fiat bank app:
fiat is permissioned and bullshit... but bitcoin is imploding and impoverishing its users, and thus bullshit, so wth are we doing?
If the fiat masters really believe bitcoin is bullshit, why don't they leave me alone to buy as much of it as I damn well please?
proteeeeecting you. For your oooown good.
Also, yeah, I dunno. Makes no sense. Let you waste your shitty fiat away on (even shitter) orange stuff... they permit gambling and lotteries and all manner of nonsense, so why not this one?!
Because gambling and lotteries aren't a threat, they're a cash cow.
Exactly.
I had to transfer 25k from my account at one bank to our joint account at another back but because it wasn't the same bank there was going to be a 5 day hold which didn't work so I had to do a series of etransfers to myself but then I hit my weekly limit so then I had to go withdraw cash but could only do 3k without pre ordering cash 48 hours in advance. So I had to transfer some from a business account at the same bank to finally get to the 25k. It took about 5 days of chaos to do what should have taken 5 minutes.
I could have avoided all this by getting a bank draft done to myself but that was $35 and seemed ridiculous to pay $35 to send my own money to myself.
If you were in Europe, you'd be about debanked right now for not taking copies of the vendor's ID. haha
Some of my friends (mostly on the East Coast) have been experiencing this often and from what I can tell, these are people that bank with a local Credit Union instead of JPM/WF/BofA.
The account I was using was from one of the bigger banks, but not one of the three you named.
There are days where I feel that we're simultaneously building the solution and aggravating (or at least, amplifying) the problem by using our solution. I guess it's ok, in the end Bitcoin was made for this.
not your keys not your coin lol.
After bitcoin whenever I need to open the bank app, I know that the money there isn’t mine because I have to ask permission to use that shit.
Yep. And if I happen to forget for a while, I always get a reminder.
You're on a list now somewhere, siggy, I know it
Maybe. I have to play the game for the few clients I still do work for. Regarding cash app, I will only make fiat buys during crazy dumps like what we're in the middle of now. That is, if they let me!
Yeah...
Reminds me of my year end company stock statements. I have a fraction of a stock from a company split that is basically so small in value it makes no sense to move or liquidate. I guess it isn't just bitcoin that has this problem of transaction fees exceeding the value of a fractional unit...
perhaps we need even moar fiat fun
Yeah, this hit home. The moment someone can blocking your payment or starts to asking questions about your money, you’re basically back in the banking system. That’s not really using Bitcoin, it’s just another banking KYC’d wearing "freedom hood".
Bitcoin it was suppose to mean “send it to anyone, anywhere and it’s done,” no approvals, no interrogations. If a button can be turn off, you doesn’t actually controls it.
That’s why non-kyc, P2P and self-custody matters. Otherwise it’s just the same old rails… with a Bitcoin label on top.