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Re:Web3 is not going to change the world by ghostwriter on Thursday February 03, 2022 @10:44AM (#30193851)
> This is an inferior model in every single definition of the word.

yeah, try to convince a highstreet bank to return you your money when it thinks otherwise [1] [2] [3]

[1] https://www.reddit.com/r/UKPersonalFinance/comments/aqxz5n/h...

[2] https://www.reddit.com/r/UKPersonalFinance/comments/l4tps5/h...

[3] https://www.reddit.com/r/UKPersonalFinance/comments/cbpxit/h...

Re:Web3 is not going to change the world by wutwut5521 on Thursday February 03, 2022 @11:45AM (#30194762)
Ever try to convince an exchange or hosted wallet to give you back your money when it thinks otherwise?
Re:Web3 is not going to change the world by ghostwriter on Thursday February 03, 2022 @12:15PM (#30195258)
the good news is that I don't need to rely on third-parties to securely host and manage my wallets. It still is an option, but not a hard requirement to access global financial transactions.
Re:Web3 is not going to change the world by rchaud on Thursday February 03, 2022 @12:48PM (#30195841)
These are all HSBC-UK related, indicating some kind of issue with that particular bank.
Re:Web3 is not going to change the world by ghostwriter on Thursday February 03, 2022 @03:54PM (#30198678)
I was just lazy to dig up more, it happens with every highstreet bank in every country. And it happens more often with online platforms such as PayPal, Stripe, Square and alike, especially if they discover your unfortunate (according to the ever-growing US sanctions list) geographic location at any point in your life.