it was a very opportune demonstration of why it's best to avoid banks. countries where regulation is opportunistic and extracting value is aggressive when triggered, the people prefer to be in cash, and stay in cash, to avoid using the atm and so the bank can't see anything. as well as all else, i think there is a 2000 euro threshold per day for cash withdrawal that needs to be accounted for, so it's better to break it down to under 1000
i remember when 10k was the threshold. 10k was worth then what 20k is worth now. now we are at 1k for reporting and 2k for per account cash withdrawals. meanwhile, 1k today is worth what was 500 10 years ago.
a clear trajectory of squeezing. bitcoin is here now and gaining traction because of the aggressive attempts to squeeze more tax and fee/interest cash flow because banks are also seeing a reduction in use because people are avoiding them more and more. bitcoin looks to them like something they can hook into to justify this accounting with the "money laundering" angle. the de minimus is now 999 euros. ironically, this means that lightning's smaller volumes are a feature, not a bug.
mleku
npub1fj…mleku
2026-02-24 06:57:07 CET
in reply to nevent1q…sn3d
Author Public Key
npub1fjqqy4a93z5zsjwsfxqhc2764kvykfdyttvldkkkdera8dr78vhsmmlekuSeen on
wss://nostr.winePublished at
2026-02-24 06:57:07 CETEvent JSON
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