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Content
@
https://warpcast.com/~/channel/apropos
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phil pfp
phil
@phil
I had several really gross interactions with the traditional banking system this week. In one day they: - Skimmed 10%+ on a basic currency conversion - Farmed my personal data when creating a new account - Prevented me from sending more than $500 in a day The system is fucked. We really need crypto to win.
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zack
@labadie.eth
attempted a large international bank transfer over the weekend and had the same thought. my first 100% serious, firsthand “crypto fixes this” scenario in a hot sec.
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Pete Horne pfp
Pete Horne
@horneps
… and the endless questions and online forms for their compliance and reporting needs. Between them and govt reporting you end up “working for the man” even though you work for yourself.
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Q
@berlin
we really need crypto to win, but not CBDCs.... central banks seemed to be figuring out that state-controlled crypto could be an ultimate way to restrict, trace, and manipulate people's spending and purchasing power
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NotFloris 🫂 pfp
NotFloris 🫂
@notfloris
Yes we do, 25 $degen
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zoz pfp
zoz
@zoz.eth
It’s terrible. Once you start trying to actually move money around and start business accounts you realize how much of a facade it is
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JA Westenberg
@joanwestenberg.eth
Fuck that. 1000 $degen for your troubles good sir
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gidwell (暇人/acc) pfp
gidwell (暇人/acc)
@gidwell
did you show them how easy it is to send $degen?
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Jack 🇲🇾5/20-5/26 pfp
Jack 🇲🇾5/20-5/26
@jackalpha
Traditional banking always has the worst conversion rates. I do mine at a currency conversion place in Chinatown. Better rates if I pickup a week later. It's a cash advance for them but I'm getting 10% better rate! There's hidden gems outside of the mainstream system, question is how we can bring it more mainstream
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Cryptochik pfp
Cryptochik
@cryptochik
Yes we do Phil!! Let’s go crypto!!
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Dennis Turk pfp
Dennis Turk
@racolini
Eventually, we will be like this.
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slow5ort
@slowsort.eth
KYC is the worst part of banking, not only in terms of privacy but also as extra headache and stupid bureaucracy. It is sad to see it infecting crypto too.
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marv 🎙️
@marvp
Banks seem adamant that crypto is not secure, yet they offer me no guarantees to protect my funds if a fraudulent transaction drains my account
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恵くん☕☔
@itskeicoffee
Exactly! Traditional banking system overall is just used to keep us in line and fucked over
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Stefan Große Halbuer 🎩 pfp
Stefan Große Halbuer 🎩
@grossehalbuer
I've got so. many. insanely ridiculous stories with banks. They give me no other choice than rooting for crypto.
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Viggo ☑️
@viggo
The banking system is dead, just another way to control & extort. I believe crypto will start winning when scammers become less and less.
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Marja 🎩 👾 pfp
Marja 🎩 👾
@viisikanta.eth
I’m waiting for a foreign payment for over a week now. Another case where the sender sent the wrong amount, so the 2nd payment was processed on Tuesday - not showing yet. Who is sitting on the money “in transit” and getting the interest?
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Barries🎩
@barries
Crypto:
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Bhlak pfp
Bhlak
@bhlak
no cap, traditional finance is full of holes and redundancy tbh… web3 has issues but at least we’re actively trying to patch things and make it work… they’re all just content
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TinyThug
@tinythug
Couldn't agree more
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