Oddbean new post about login | logout ::Tries to make a five-figure international payment between established accounts that have transferred before, to provide housing support for seven people in Egypt.” “Sorry. Blocked.” “What? Can you elaborate? Was it on your side or their side?” “No sorry, can’t elaborate.” Now we need to go in person and escalate; and/or use alternative remittance methods. Fucks banks.
Bitcoin : You never transfer from this to that before ? No problem ! Just check the mempool and wait for the confirmations. Banks : We’re sorry to notify that you’re no longer eligible to transfer from this to that anymore because of regulations and stuffs, please give us more biometric information to continue.
To be honest, I don’t think they can discuss that legally with you. As in, if they file a SAR report, telling you that they did so is illegal and can get the individual disclosing the information in very serious trouble. And you knowing what a SAR report is immediately makes you suspect. Yes, totally fucked up. Fuck them. Normies believe we live in the same financial system that people a century ago lived in, but that’s very far from the truth. The truth is that this situation where all significant money transfers must go through third parties and are proactively monitored is very new. I’m actually not convinced democracy can survive long term in such a set up.