Thanks to #Bitcoin we donât need banks anymore.
Discussion
R.I.P fiat banks.
Youâre 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 âwhyâ when I had initially said âItâs just a transfer. I have an account at both locations and Iâm moving funds from one account to the other.â They wanted more detail. I didnât give it. Just said, âitâs a transfer between two accounts in my name.â They called the next day to apologize for the pain factor. But I was forgiving. They werenât trying to keep me from using my money in this case. They werenât trying to prove I wasnât 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 theyâre 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. Weâre 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 weâre 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 theyâre serving.