At my shop today, we discovered that one of the checks we mailed out to pay a supplier had been cashed by a fraudster. Apparently, people have been stealing mail, finding checks to businesses, and just printing new checks with different payee on stock commercial type checks. I use a small regional bank. They said they've seen a massive uptick in this recently affecting tens of thousands of checks a week.

The bank cashed it even though it wasn't even close to the type of check we use... you know, the ones we get from the place the bank recommended. The signature was "close" but forged.

The bank said "Fill out this Affidavit and get it notarized."

So I spent a couple hours this afternoon trying to track down a notary, since no humans were answering phones today. Got it notarized, scanned, and emailed back.

The bank guy says, "Thanks, we will try to get your money back."

I'm like, "Wait, this is obvious fraud... you're not going to just transfer the cash into my account?" Nope. Need to investigate and try to recover from the other bank.

This is the system. They take our money and do the bare minimum to protect it. All the risk is on us. Even when they cash fraudulent checks that don't look like your standard checks. How difficult would it be to do some kind of comparison on the scanned checks? Not hard I think. A lot easier than matching the signatures, which are there to protect us. What a joke.

You know what doesn't have this problem? #Bitcoin.

#IHATEMYBANK

Sometimes people pretend or try to make you into a bad person, so they don’t feel guilty about what they did to you.

#letthem #karma #dogoodanyways #truthwillprevail #bitcoin

Anyone here do meditation?

What kind?

Combining payments and social into a singular global capability. I see that possibility now #nostr, #cashu and #bitcoin

Social Media now needs to be combined with Economic Media (#bitcoin + #nostr) for something entirely new.

What assurance do we have that the top #Bitcoin ETFs are not running fractional reserves?

#asknostr

how does Bitcoin commerce handle refunds, chargebacks, ect. ?

In the fiat world customers can chargeback their payments from a vendor to recoup monies or request a refund via a service level agreement.

How can these actions be handled in p2p payments to make sure consumer is protected?

#bitcoin #btc #asknostr #commerce

Can someone explain to me how Coinbase has all the #bitcoin to back up all the paper Bitcoin of these ETF’s? Does the government have an implicit agreement with them to bail them out with stockpile if need be? Is that even enough?

#Bitcoin #Satoshis #Freedom #Apocalypse #Music #Movies #Philosophy #Literature

#grownostr #Stoicism #nature

APOCALYPSE ANONYMOUS by

ATOSHI ANARKOMOTO

DID YOU KNOW: The Corryvreckan Whirlpool, located between Jura and Scarba, is the third largest whirlpool in the world. Tourists can visit the site by way of boat trips from local harbours.

The Corryvreckan is a narrow strait between the islands of Jura and Scarba, in Argyll and Bute, on the northern side of the Gulf of Corryvreckan, Scotland. It is the third-largest whirlpool in the world. Flood tides and inflow from the Firth of Lorne to the west can drive the waters of Corryvreckan to waves of more than 9 metres (30 ft), and the roar of the resulting maelstrom, which reaches speeds of 18 km/h (11 mph), can be heard 16 km (10 mi) away. Though it was classified initially as non-navigable by the Royal Navy it was later categorized as "extremely dangerous".

A documentary team from Scottish independent producers Northlight Productions once threw a mannequin into the Corryvreckan ("the Hag") with a high-visibility vest and depth gauge. The mannequin was swallowed and spat up far down current with a depth gauge reading of 262 m (860 ft) and evidence of being dragged along the bottom for a great distance.

Such a great headline #bitcoin

Anybody here do cold plunges?

Ever since trying it in Norway I’ve gonna partially down the rabbit hole of saunas and cold plunges.