[ExI] lotta splainin to do

[BillK]

On Tue, 22 Nov 2022 at 01:08, Giovanni Santostasi via extropy-chat
<extropy-chat at lists.extropy.org> wrote:
>
<big snip>
>
> It remains a fact that if you wanted to quickly transfer 1 M dollars for BTC to another country in particular it would be one of the fastest, cheapest and secure ways  to do it with BTC.
>
> Giovanni
> _______________________________________________


Money transfer scams are now a big problem for banks. Ordinary
electronic banking makes it too easy for scammers to persuade people
to move money to another account for 'security' reasons.
Banks are continually warning customers about this fraud.
If I had a million dollars in an account, I would much prefer that
there were quite a lot of admin obstacles in the way before I could
transfer the money to another account. Especially to an account in a
foreign country where retrieving the money is likely to be impossible.


BillK