@TheFuzzStone
Agorist ┃ FOSS enthusiast
Relays (5)
- ws://127.0.0.1:4869 – read & write
- wss://nos.lol – read & write
- wss://relay.primal.net – read & write
- wss://xmr.usenostr.org – read & write
- wss://relay.damus.io – read & write
Recent Notes
Briefly about #Paraguay from my friend.
Banks "Atlas" and "Familiar" have collapsed.
Here's just the essentials — what happened, where the payouts stand, and what's genuinely alarming about it.
Where things stand right now
- Both banks run on IT tied to ITTI, which is a subsidiary of Ueno Bank; The official line: a surge of customers;
- Every Ueno Bank director has been detained;
- The Central Bank's leadership has resigned;
- 35 signatures are in for launching impeachment proceedings against President Peña. Six more are needed to send the initiative to Congress.
Context for readers outside Paraguay: Atlas, Familiar and Ueno are Paraguayan banks; the Central Bank is the BCP.
The law passed — with amendments — and went back to Congress
First tranche: 24 hours, but with a "no more than 5 days" clause. Payouts land between Friday and next Wednesday, if Congress passes the law tomorrow morning.
Added criminal liability and a 24-hour clawback of funds the Central Bank sent by mistake. The burden shifts onto the recipient.
Article restoring the Ueno Bank app and in-app SIPAP was removed. There will be no access to the app.
In short: timelines keep stretching, tension keeps climbing.
How the payout is supposed to work
1. The Central Bank compiles a list of depositors — balances, debt obligations, and every account that person or company holds anywhere in the banking system, using data exchanged with the Banking Association.
2. The Central Bank then transfers the money into one of those accounts itself.
3. Anyone with no other account must either collect cash at a specific bank or cooperative's counter, or open a temporary account for the transfer.
It's being built on the fly. Ueno Bank alone has roughly 3 million accounts, so Central Bank staff are working emergency hours, seven days a week, to pull the data together and design the payout mechanism.
The big unknown: people whose only account was at Ueno, and those who are abroad. How they get their money is still unanswered.
And the part that worries me most
Local chats are pushing "pull your money out of Atlas and Familiar." That may be exactly what triggered the run that took the banks down. Who's spreading it and why — I don't know.
The panic has already reached school parent groups. Trust in the system is falling, and it looks a lot like someone is rocking the boat on purpose.
Banks "Atlas" and "Familiar" have collapsed.
Here's just the essentials — what happened, where the payouts stand, and what's genuinely alarming about it.
Where things stand right now
- Both banks run on IT tied to ITTI, which is a subsidiary of Ueno Bank; The official line: a surge of customers;
- Every Ueno Bank director has been detained;
- The Central Bank's leadership has resigned;
- 35 signatures are in for launching impeachment proceedings against President Peña. Six more are needed to send the initiative to Congress.
Context for readers outside Paraguay: Atlas, Familiar and Ueno are Paraguayan banks; the Central Bank is the BCP.
The law passed — with amendments — and went back to Congress
First tranche: 24 hours, but with a "no more than 5 days" clause. Payouts land between Friday and next Wednesday, if Congress passes the law tomorrow morning.
Added criminal liability and a 24-hour clawback of funds the Central Bank sent by mistake. The burden shifts onto the recipient.
Article restoring the Ueno Bank app and in-app SIPAP was removed. There will be no access to the app.
In short: timelines keep stretching, tension keeps climbing.
How the payout is supposed to work
1. The Central Bank compiles a list of depositors — balances, debt obligations, and every account that person or company holds anywhere in the banking system, using data exchanged with the Banking Association.
2. The Central Bank then transfers the money into one of those accounts itself.
3. Anyone with no other account must either collect cash at a specific bank or cooperative's counter, or open a temporary account for the transfer.
It's being built on the fly. Ueno Bank alone has roughly 3 million accounts, so Central Bank staff are working emergency hours, seven days a week, to pull the data together and design the payout mechanism.
The big unknown: people whose only account was at Ueno, and those who are abroad. How they get their money is still unanswered.
And the part that worries me most
Local chats are pushing "pull your money out of Atlas and Familiar." That may be exactly what triggered the run that took the banks down. Who's spreading it and why — I don't know.
The panic has already reached school parent groups. Trust in the system is falling, and it looks a lot like someone is rocking the boat on purpose.
You can live in France, in Paris, or even in a small village.
And I don't see a problem with going into a pharmacy and buying what you need with cash.
I understand that we are different, it's just that I don't see any point in "running away from the state" to some tropical shithole in order to put up with far greater downsides than living outside the system in most European countries. That requires having a skill. 😉
> remote under developed slavic regions and some Mediterranean regions without the infra
Even so, any region of Europe can be found more pleasant for living than a tropical banana republic.
And I don't see a problem with going into a pharmacy and buying what you need with cash.
I understand that we are different, it's just that I don't see any point in "running away from the state" to some tropical shithole in order to put up with far greater downsides than living outside the system in most European countries. That requires having a skill. 😉
> remote under developed slavic regions and some Mediterranean regions without the infra
Even so, any region of Europe can be found more pleasant for living than a tropical banana republic.
WTF?
nostr:npub1yzvxlwp7wawed5vgefwfmugvumtp8c8t0etk3g8sky4n0ndvyxesnxrf8q I decided to test your web client again, and... why have all those accounts I was following disappeared?
What kind of drug addict came up with such a UX?
1
WTF?
@YakiHonne I decided to test your web client again, and... why have all those accounts I was following disappeared?
@YakiHonne I decided to test your web client again, and... why have all those accounts I was following disappeared?
2
not much choice out there to be honest. would still pick a third world country over any dystopian western country. much easier to implement surveillance/tyranny on 'modern' societies with the infra to...
Living in modern Europe (most countries) using cash, without registration and the state won't notice you.
Wow! Monero in Amethyst!
Zap the devs!
Zap the devs!
2❤️1❤1❤️1👍1🧡1
"The West has fallen! Move to #Paraguay!"
Oh, wait...
https://goyimx.com/TGLetter/status/2117865141228159150
Oh, wait...
https://goyimx.com/TGLetter/status/2117865141228159150
3
Do you remember Coinhive? 😉
I understand that some people are too afraid of the state and don't want to risk living in a hypothetical Italy outside the system, without registration, without a bank, without an official housing contract, and without official income.
But don't even try to sell me tropical shitholes and how wonderful it is there.
But don't even try to sell me tropical shitholes and how wonderful it is there.
I'm ready to buy one regular pen with this bank's branding from you. I need it for trolling people.
Pay in BTC-LN or XMR.
#ueno #uenobank
Pay in BTC-LN or XMR.
#ueno #uenobank