Avatar
Detective Deft Defector
9f83869cafcfe6d34e30d46044bc81dd240858b29a1f6bf12e44efc8c6d53766

Bought 100k sats for less than $100. Feels like I just robbed a bank.

Replying to Avatar chancellor

🚨Disclaimer!🚨

Long post.

TLDR: Buy and transact in Bitcoin

I have a business in Costa Rica which accepts bitcoin. Our greatest challenge is getting people to pay with bitcoin in order to avoid nightmares like this.

A customer tried to buy $3600.00 USD worth of retail goods from us. He wired the funds from his bank 10 days ago. The funds went through JP Morgan Chase as intermediary because he uses HSBC in the UK. CR Central bank alerted the local branch of the state owned bank we bank with and prevented the funds from being deposited into our business account. I went into the bank 3 times over 2 days which involves being patted down, metal detected, and questioned about your business with the bank. Once inside and after waiting for an extended period, the teller told me that the transaction had not made it to CR and the sender needed to provide a form MT103 in order to locate the funds. This form is a SWIFT transaction identifier and exposes the sender and sending bank to fraud and risk it is widely accepted by modern banks that your shouldn't provide this document to anyone. I left and came back several hours later. The sending bank had provided a more modern and safe tracking form (UETR) which showed the funds being held up in CR, this form was rejected by the CR bank and they told me that it was common this time of year for transactions to be very slow at every bank globally. I've been banking for long time and never noticed that it takes longer during December so this was news to me (also completely made up) presumably to cover their mistake of not contacting me to alert me about this issue.

After I returned a third time to the bank, they stated that the funds were sent from a "tax haven" country, the UK, LOL, so they needed 3 months of statements showing the origin of the source of the funds and a letter of good standing from the sender's bank. In addition, they requested a copy of the invoice for the goods we were selling to the customer. I have no issue supplying the invoice, which we are legally required to do anyway, but the rest of this is ridiculous.

Bitcoin fixes every piece of this problem.

How long can this continue?

For as long as banksters can find soldiers to wage wars on their behalf. Brings to mind the fact that hyperbitcoinization can't happen without the collective demand of military personnel to be paid in Bitcoin.

Big brain shit just doesn't land the way it should a lot of the time

GM anon β˜•

I hope you woke up early enough to catch the bottom, rested, tested and ready to unload whatever fiat you had left. May the new rally begin 🏁

Replying to Avatar exist270

nostr:npub1artx2x0y8vfpftrgl8etm0zrsm2p43ntyrz6yc9ekpqsy7zqwn5sv26l9m Emergency meeting when they heard Bukele bought more #BTC with the IMF loan, lol. πŸ˜πŸ˜‚

Please tell me that's legit

Replying to Avatar Luxas

Legit

There's no need to fear spending, little gelfling!

QUICK! QUICK! SOMEBODY LEMME BORROW $93K!

Pushin RRE3EEEEEAL close to the line of not eating next week over here

Feels like plebs holding is the real line of defense against that happening. I'm actually a little sad every time someone sells. Even if it's to live a better life. This movement is bigger than creature comforts.

I think it would be terrible for Americans really. Everyone not holding will just watch inflation happen faster because our "leadership" can't help but spend more and more money. They'll hold, profit, then print because "now the dollar is solvent" even though it won't be. Bitcoiners will be doing great. Everyone else will be fucked with icecube dollars.