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    Mark Gritter (markgritter@mathstodon.xyz)'s status on Thursday, 12-Dec-2024 11:16:28 JSTMark GritterMark Gritter

    "Anyhow, when a crypto founder couldn’t find a bank in 2011, one could be excused for blaming reflexive banker conservatism and low levels of technical understanding. Crypto has had a decade and a half to develop a track record to be judged on. Crypto is being judged on that track record."
    https://www.bitsaboutmoney.com/archive/debanking-and-debunking/

    An article on "debunking" explaining why it is sometimes Kafkaesque (you got an SAR but the bank is not allowed to tell you that so it institutionally forgets the fact as soon as possible) and sometimes "duh, the bank management can read the paper too" (banks have gotten badly burned by servicing crypto companies, and the profit in doing so is very low.)

    In conversationabout 7 months ago from mathstodon.xyzpermalink

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