every time I have to interact with legacy banking I want to necc
Discussion
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The legacy breaking used to be nice but once you understand the financial engineering is hard to like them. When I started my business bitgnostic.com my credit union hated me but one officer said she had been stacking sats for 5 years and this was 2020. The credit union ignored me but an officer liked me anyway.
Ditto
It takes about 3-5 days for the banks to confirm a tx... except on the many and frequent "holiday" weeks when it becomes 5-8 days... if they don't need to check your ID, associations, and motives for moving YOUR money that is. Otherwise they're well-regulated, safe and reliable.
that's why if it's big money you demand bitcoin settlement, or move on to the next candidate
I always have the urge to stack afterwards
This is the way to do it correctly: https://youtube.com/shorts/-uq_48aKSQQ?si=TfqnVcVJyZZAMxq7
i only do that via xapo who give me protecc
the mobile device however is the tradeoff, which i would not have were it not for this one thing
Can’t electronically transfer money from one of my accounts. Have to write a paper check to myself and then use my phone to mobile deposit it in another. 😂
I had to drive to the bank yesterday, in -35 C weather, to plead them to increase my maximum e-transfer allowance per day & week, because I wasn’t able to do it online or over the phone for “security” reasons.
Once I arrived at the branch, despite my efforts, they only agreed to a limited increase, citing "my safety" as the reason. They adviced to write cheques for amounts that exceed the limit.
Ironically, I'm paying them to use "my" money, which they leverage tenfold, and they still dictate my transaction limits. They’ll also freeze my funds if I ever protest about something the Canadian government doesn’t like.
On a brighter note, the reason for this request was to increase my ability to acquire more sats through e-transfer.
There are better and warmer places to spend the little time you have left on earth. Go where they appreciate you.
Just another reason to opt out even faster.
Over Thanksgiving the banks were close for like 4 days plus it was payday weekend. So all my bills came through but my check would not clear. The bank charged me 4 seperate over draft fees 😤 even though they had my check in their system. That was the nail for me. At that point I decided to do everything I could to not only put my money into bitcoin but to also exit from the traditional system completely.
I'm paying debt down faster I'm nit taking on any new debt and I'm finding ways to pay for my life with btc instead of fiat. It's a process but it's my fucking money and I should have every right to use it however and whenever I like.
Imagine all services worked like banking. Imagine going to the grocery store to beg them for an increase your meat allowance. Or having to justify yourself as to why you want to buy a bottle of tequila.
Sounds like a cbdc nightmare.
Short the banks
Long better money
Maybe going against the philosophy, but imo during bitcoin's monetisation, it makes sense to stack as many bank accounts as possible.
Things will get chaotic and some *will* get frozen/closed.
It's crazy to me when bitcoiners rely on a single bank account, even though they understand all the issues with fractionally reserved, panopticonised, permissoned, fiat credit tokens.
Have you tried Bull Bitcoin via Canada Post yet?
god yes! so over these fucktards