Damus
Guy Swann profile picture
Guy Swann
@TheGuySwann
In barely a few seconds I just switched my Lightning Address service to a different provider, and I had 4 options to choose from, plus a self-hosted one. I've gotten a plethora of zaps, boosts, and moved a large amount of money today due to taxes, all of which cost a total of maybe $2 from the BTC side of things and across numerous transactions that all took seconds, and at most a few minutes...

Compare that to the fact that I sent a single ACH last Wednesday from one of my accounts, to my Fold account... and it only arrived YESTERDAY, 5 days later. Then when i wanted to move the money the government was stealing from me today, I had to use 2 different accounts because I hit weekly maximums on both, and had to pay a total of $27 just in transfer fees on TOP of $71 to change from BTC to dollars.

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Imagine thinking Bitcoin is going to lose & has no value. 🤔
3618ā¤ļø23šŸ¤™59
Dan_Wedge · 175w
#fuckbanks
QW · 175w
Those fees are big business. Luddites are lining up.
QW · 175w
Btw, your wallet works again. šŸ˜€
TK SuitCoin.exe 80HpW · 175w
Lol my auto withdrawl to fold was delayed Another day today. Like wtf is going on over there
chanlsrfer · 175w
Family in a foreign country. I had to send them inheritance to settle an estate. My countries checks aren’t recognized overseas. 2 Solutions: SWIFT wire. 48hrs to settle, then their local bank takes several days to deposit into account. $75 send fee $150 receive fee on their end Currency c...
Mel · 175w
Amen To ALL of that !
WhiteRabbit · 175w
Another hilarious anecdote… I bank with Chase both with my business and personally. I am of course an account owner on the business account but I am unable to do a transfer from business checking to personal checking for our monthly equity draws. Instead I have to mail myself a check which is like...
Paul · 175w
I’ve had a lot better luck moving money quickly to Fold by linking my bank and ā€œpushingā€ from the bank side rather than ā€œpullingā€ from the Fold side. They’d usually clear the next business day. Maybe that’s what you’re already doing, if so šŸ¤·šŸ»ā€ā™‚ļø Such are the joys of fiat...
Jake Woodhouse · 175w
Another similar scenario is thinking through e-commerce So many steps to input card details etc Versus a lightning payment from a browser Literally 10x superior experience to status quo
Bill Merhar · 175w
Banks=Dial-up
yutaro · 175w
🫠
whitefleaCH · 175w
And my Zap less than 0.01 USD to this feed costs less than 1 Sat… #makeBankstersObsolete
Rob · 175w
Yes, thank you for this. Great perspective āš”ļø
Bitopia · 175w
Great example!
Forever Hodl · 175w
Similar ACH situation. Had to transfer from bank A to B. Was taking more thank a week. Finally called bank B and they said they were still in the process of ā€œcollectingā€ the money!
BTC Hodler · 174w
From slow ACH to NO ACH. The attack is happening : SWAN BITCOIN Important Update Starting Friday, April 28th, North Carolina residents will only be able to fund their Swan account with wire transfers. Our previous trading and custody partner, Prime Trust, is pausing Bitcoin trading in N...