Haha... at this point, it is becoming more and more clear that banks and their legacy infrastructure belongs in the pen and paper era. Sure, they have "updated" to have digital front facing user interfaces... but it is still hilariously archaic in the backend and the rest of the financial interface, and it creaks and groans with the demands of a real-time userbase.

Why are transactions held up for 24 hours? To do checks? ... and then transactions still get sent out to scams and all the of the rest of that, and banks just throw their hands up and say, not our problem and nothing we can do! Well, if the purpose of the trusted third-party is performing the same interaction as a decentralised network... but chomping down on that tasty rent-seeking tolls each and every time... well, perhaps it is time to dump them. En masse.... and at some point, people do need to realise that the banks are not our friends, and that they aren't even doing their jobs well.

We used to not have a different option... and now we are getting the glimmers of an alternative financial infrastructure and ecosystem. Sure, it is dangerous still... but the banks aren't doing anything to make it seem like they are anything else! At least with DeFi and crypto, you aren't getting an illusion of safety!

This crossed my feed today... Commonwealth Bank of Australia, one of Australi's largest had an outage... and when things came back online, lol... double spending issues! Something that Bitcoin had fixed a long long long time ago! Pity for the people who are getting negative balances and hit with overdraft fees... if you are lucky, the bank will fix it... if not, then you have to spend hours "chatting" with support... and that already is wasted time anyway. Seriously, just fixing the problem isn't enough... I often waste hours of my own time rectifying mistakes that a company has made... just to start where I should have started at. There needs to be serious penalties and compensation for companies that screw up their digital interactions...

... otherwise, they just laugh it off... and don't give a crap. And we know that the CEOs only see digital stuff as an expense to be minimised and a way to dump workers.

Handy Crypto Tools

Ledger Nano S/X: Keep your crypto safe and offline with the leading hardware wallet provider. Not your keys, not your crypto!
Coinbase Wallet: Multi chain wallet with lots of opportunities to Learn and Earn!
Binance: My first choice of centralised exchange, featuring a wide variety of crypto and savings products.
WooX: The centralised version of WooFi. Stake WOO for fee-free trades and free withdrawals! This link also gives you back 25% of the commission.
GMX.io: Decentralised perpetual futures trading on Arbitrum!
Coinbase: If you need a regulated and safe environment to trade, this is the first exchange for most newcomers!
Crypto.com: Mixed feelings, but they have the BEST looking VISA debit card in existence! Seriously, it is beautiful!
CoinList: Access to early investor and crowdsale of vetted and reserached projects.
Cointracking: Automated or manual tracking of crypto for accounting and taxation reports.
KuCoin: I still use this exchange to take part in the Spotlight and Burning Drop launches.
MEXC: Accepts HIVE, and trades in most poopcoins! Join the casino!
ByBit: Leverage and spot trading, next Binance?
OkX: Again, another Binance contender?