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vachina 3 days ago

If your funds are clean there is zero reason for the (unfounded) anxiety. Just follow through the motion.

A local agent on a flat fee will probably make things easier.

FieryMechanic 2 days ago | parent | next [-]

I bought a vehicle early this year. In the UK we have supposedly instant BACs transfers.

However because opaque anti-fraud stuff, that I am not informed about, I was stuck in the middle of a field trying to convince someone in a call centre that the car I could see with my own eyes (and I had done all the appropriate checks) does indeed exist. This whole process took almost an hour because their anti-fraud team has a two hour response time.

There are obstacles in the banking system that make doing legal transactions difficult.

lmm 2 days ago | parent | prev [-]

> If your funds are clean there is zero reason for the (unfounded) anxiety.

Nonsense. Your funds can be frozen with no recourse even if you're innocent. No-one will tell you what you supposedly did wrong. Everyone who hears about your predicament will make up reasons to believe that you'd done something wrong because they want to believe that the system doesn't make mistakes.

LikesPwsh 2 days ago | parent [-]

Most token holders use exchanges, where freezing accounts and just keeping the tokens is a daily occurrence.

That's not something solved by cryptocurrency in its current form.

throw101010 2 days ago | parent [-]

You do realize that they get frozen only because of the fiat system regulations/laws?

These exchanges freeze accounts in fear of what governments might do to them if they weren't cautious/suspicious enough. They have no economical interest in freezing account otherwise, that's one less customer trading and paying them fees.

lmm 9 hours ago | parent [-]

> You do realize that they get frozen only because of the fiat system regulations/laws?

Well, sometimes. Sometimes they get frozen because the exchange operator decides to take the money and run.