Thanks to #Bitcoin we don’t need banks anymore.
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R.I.P fiat banks.
You’re right, and we have work to do. I was doing 2 wire transfers via trad bank and ran into their various departments asking me what they were for, asking for the phone number of the receiving party so they could call them and verify wire details. Bouncing back to me for more detail about ‘why’ when I had initially said “It’s just a transfer. I have an account at both locations and I’m moving funds from one account to the other.” They wanted more detail. I didn’t give it. Just said, “it’s a transfer between two accounts in my name.” They called the next day to apologize for the pain factor. But I was forgiving. They weren’t trying to keep me from using my money in this case. They weren’t trying to prove I wasn’t laundering money or funding terrorists. This is a local bank that cares about its people and is employee owned. Neighbors serving neighbors in two Missouri towns. They want to make money, yes, but they’re not the oppressively invasive type. My forgiveness came from watching all of the people getting scammed and knowing that the banks are often the last bastion of hope for prevention of scammers winning big thefts from our families and neighbors. This Nostr/Bitcoin community is often savvy and has spent the time to learn how to not get taken advantage of. We’re smart. Educated. Our users have IQs often well over 80. The general population is full of people unequipped with the tech savvy required to buy, hold and protect the Bitcoin they may be taught to appreciate. We have to do better for these people. We have to replace those helpful features of our local banks if we’re going to dethrone them. This is where Unchained, Swan, River, Kraken, Onramp, Anchorwatch, Coinkite, Foundation and others need to make sure they are building for the audience they’re serving.
how large was the amount? no bank likes to part with free clients funds.
Sizable. Yeah, I too thought that could have been their motivation in part. But one was international and that in particular triggered their scam prevention protocol.
How so? None of my utility companies take Bitcoin.