News for hackers. Stuff that matters.

A comment on It’s not still the early days of blockchain. Parent comment

Re:It’s not still the early days of blockchain by yashg on Saturday January 15, 2022 @09:41AM (#29946675)
Those per transaction limits are for YOUR protection so in case someone hacks into your account they won't empty it and you can ask the bank to raise the limits.

Banks ask you the reason for transactions beyond a certain amount because they have to report it to authorities.

Large transactions like paying for a property don't happen at the drop of the hat. You won't just wake up in the middle of the night and decide to buy a property immediately right then.

[ Parent | on HN ]
Re:It’s not still the early days of blockchain by jimmydorry on Wednesday January 26, 2022 @09:47PM (#30095577)
You asked who is stopping you from spending your money as you want. I listed who and provided some examples. The reason why they make it difficult is beside the point.
[ Parent | on HN ]