Got debanked over the holidays..

Needed to use Plaid to make a pmt before a deadline. Connect bank acct, key incorrect password 3x. Without warning and rather than force a pw reset, bank locks my account, must contact them to fix. Only open M-F 8-5.

Ya, sure, not the same type of debanking as the other stories, but effectively the same thing. Whether by maliciousness or incompetence, legacy banking is a disgrace. 

What if this had happened Friday at 6pm & I was trying to close on a house or something?

In crypto, if I want to store my financial life on a mobile hot wallet, that’s my prerogative. If I want to store my finances on a 2 of 2 multisig with seed phrases buried at the north & south poles, I can do that too.

If you think the legacy banking system as we know it still exists in 15 years then u r delulu

Jordan

@jordansaping