Earlier this year I wanted to setup a corporate bank account with @barclays who I had (past tense) been banking with for 40 years or so.
To keep it simple on the “personal source of wealth” CDD/KYC question I thought I’d tell tell them about my purchase of 120 #btc in 2012 for £1,000.
Except that seemingly sent barclays into a blind panic and suddenly they wanted to do a forensic analysis of my #crypto trading and also needed proof of my original #btc claim below – which I didn’t have at the time.
So i told them politely to fuck off (not exactly those words).
But, curious as always, I wondered if I could actually find the original transaction…
It turned out to be very easy – downloading bitcoin core, waiting for it to update and then restoring my old wallet and hey presto …
Banks that don’t appreciate that crypto is here to stay and get onboard with it are like the mainstream media who are in denial that nobody trusts them anymore…
The best experience I have had so far with #crypto is currently #xrd/#radix and this accountant/programmer/developer is now a shameless shill for them.
I do hope that something like radix replaces the mainstream banks and central banking #fiat one day soon – it would prevent a lot of #endlesswars
Just like @x is replacing #msm.