Met a friend of a friend who used to work at Santander and recently started a new role at a money remitter.
It’s a company similar to Western Union.
By the Main course I’d gone off on one about how these companies are parasites preying on the poor and that KYC/AML is borderline evil.
Yeah… how not to make new friends 🤦♂️
Anyway, he was genuinely curious why I thought that way.
Really decent bloke coz in hindsight I was being rather insensitive.
He naively said that at banks and these remittances companies, we have AML to stop terrorists. And it works!
I was like, hmm. How deep do I go on this.
His job pays him to think that the incumbent system is good at stopping terrorism and stopping the bad guys.
He hasn’t realised that he kind of is the bad guys. But it’s certainly not on me to tell him that!
naturally he has no idea that KYC/AML is a retardio system that affects the poor and the misfortunate the most and it does sweet f*ck all to stop terrorism.
I gave the example of Peruvians not being able to get bank accounts, Ghanaians then Cape Verdeans cut off from banking before the conversation moved on. Oh and how stupidly expensive it is to send money across borders coz of companies like his. (Oops)
I showed him how to send bitcoin and we talked about how last year, my immediate friend got a bottle of wine paid in btc and it’s now 2x.
I sent him my latest peru video and *I think* I managed to save my first impression.
Anyway, I took two things from this.
a) calm down your arrogant muppet.
we’re in a bizarre bubble in that we’re a bit obsessed with how messed up money is. But some people we literally paid to look the other way. And so, they think their system is helping people. It’s not their fault.
Don’t put your foot in it like me.
Be a bit more understanding. oops.
B) people need a few more triggers and they will eventually get it.
This guy is either really nice or he is on his way to getting it.
joenakamoto / Joe Nakamoto
npub1lr…udl6a
2024-08-18 01:36:59
Author Public Key
npub1lr2zzf989mvf393y0tv39ara6a4vddkd6y87z784up9vl6ks6j3qtudl6aPublished at
2024-08-18 01:36:59Event JSON
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"content": "Met a friend of a friend who used to work at Santander and recently started a new role at a money remitter. \n\nIt’s a company similar to Western Union. \n\nBy the Main course I’d gone off on one about how these companies are parasites preying on the poor and that KYC/AML is borderline evil. \n\nYeah… how not to make new friends 🤦♂️ \n\nAnyway, he was genuinely curious why I thought that way. \n\nReally decent bloke coz in hindsight I was being rather insensitive. \n\nHe naively said that at banks and these remittances companies, we have AML to stop terrorists. And it works! \n\nI was like, hmm. How deep do I go on this. \n\nHis job pays him to think that the incumbent system is good at stopping terrorism and stopping the bad guys. \n\nHe hasn’t realised that he kind of is the bad guys. But it’s certainly not on me to tell him that!\n\nnaturally he has no idea that KYC/AML is a retardio system that affects the poor and the misfortunate the most and it does sweet f*ck all to stop terrorism. \n\nI gave the example of Peruvians not being able to get bank accounts, Ghanaians then Cape Verdeans cut off from banking before the conversation moved on. Oh and how stupidly expensive it is to send money across borders coz of companies like his. (Oops)\n\nI showed him how to send bitcoin and we talked about how last year, my immediate friend got a bottle of wine paid in btc and it’s now 2x. \n\nI sent him my latest peru video and *I think* I managed to save my first impression. \n\nAnyway, I took two things from this. \n\na) calm down your arrogant muppet. \nwe’re in a bizarre bubble in that we’re a bit obsessed with how messed up money is. But some people we literally paid to look the other way. And so, they think their system is helping people. It’s not their fault. \nDon’t put your foot in it like me.\nBe a bit more understanding. oops. \n\nB) people need a few more triggers and they will eventually get it. \nThis guy is either really nice or he is on his way to getting it.",
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