I forgot how much I hated the traditional financial system!

00:01 everyone. I forgot how much I hated the
00:04 traditional financial system and banking
00:06 system. So, here’s the quick story of
00:08 the last uh 24 hours. So, I got this
00:11 refund on this
00:12 $14,000. And of course, I wanted to and
00:14 put it in Bitcoin as soon as possible.
00:16 So, the person who called me and told me
00:17 the refund had come in, I told them to
00:19 invest it to go deposit it in my account
00:22 at Trustark. And I said Trustmark uh
00:24 without thinking because there’s just
00:26 more Trustmark branches than there are
00:28 Wells Fargo branches. So I thought I
00:30 just they can put it in Trustmark. I’ll
00:31 pull it out of Trustmark. What I forgot
00:34 is that Trustmark for whatever reason
00:36 has disabled my ability to use Plaid. PL
00:40 L Aid D Plaid, which is the integration
00:42 that pretty much all uh financial apps
00:45 and websites use to integrate with a
00:47 bank account. So when I went in, I saw
00:50 the money finally show up this morning.
00:52 It was deposited yesterday, so it showed
00:54 up this morning. Took a takes us a long
00:56 time because it’s the traditional
00:57 financial system. So, the money showed
00:59 up in Trustmark. Boom. I log into
01:01 Coinbase. I switch it over to Coinbase
01:03 Advanced. I click add funds to add
01:06 $14,000. And I see that Trust Mark is
01:10 not one of the options. I’m like, “Dang
01:12 it, I forgot that it had gotten unlin
01:14 from Vlad.” So, I tried to add it. It
01:16 wouldn’t add. So, I tried to add it
01:18 manually with a routing number and an
01:20 account number. And as soon as I do
01:21 that, it says, “Oh, uh, we have a custom
01:24 integration with Plaid, so you can’t do
01:27 that.” So I’m like, “Oh, dang it.” Okay.
01:30 So, uh, because it wants you to use the
01:32 real the like the auto automated
01:34 integration. It won’t let you add it by
01:35 you by an account number and routing
01:37 number unless they don’t have a custom
01:39 integration. But the custom integration
01:41 with Trustmark uh, is currently disabled
01:44 for me by Trustmark for reasons I don’t
01:46 know. So anyway, so I switched over and
01:49 I was like, I’ll just see if I can use
01:50 Strike S I ke because I don’t have
01:53 virtually any balance over there and I I
01:56 want to mess around with their bill pay
01:58 feature and see if I can get it working
01:59 since u Strike and or sorry since River
02:02 and Coinbase have not yet rolled out
02:04 bill pay features even though I believe
02:06 both of them are rolling them out later
02:07 this year. So, I rolled over to Strike
02:09 and uh Strike has the same problem with
02:12 uh well, it’s not a Strike problem, but
02:14 uh because I couldn’t I also couldn’t
02:16 pull the money out that way because uh
02:19 Strike behaves the same way that
02:21 Coinbase does. It wants to use the
02:23 standard uh Trust Mark integration. That
02:26 does not work. You try to add it
02:28 manually by username, sorry, by account
02:30 number and routing number. And it says
02:32 you have to use the automated
02:34 integration by Plaid, which of course is
02:36 disabled by Trust. Okay. So, then I go
02:38 into Wells then I tr go into uh
02:40 Trustmark and see if I can move the
02:42 money to Wells Fargo. Uh which I can’t
02:45 because Trust Mark does not give you any
02:47 way to move the money to Wells Fargo
02:48 unless you like go into the branch and
02:50 do a wire transfer or at least I
02:52 couldn’t figure it out. So then I went
02:53 into Wells Fargo, back linked it with
02:56 Trustmark and initiated a transfer where
02:60 it sucked the money from Trustark to
03:01 Wells Fargo because I know I can buy
03:03 Bitcoin with my Wells Fargo account.
03:04 that’s worked even when coin uh even
03:07 with trust mark stopped working. So I
03:09 initiated a $14,000, you know,
03:12 withdrawal of funds and it tells you,
03:13 hey, when you initiate this, it’s, you
03:15 know, irreversible. So as soon as I
03:17 click yes, like go ahead and do it, it
03:19 tells me, okay, your irreversible
03:21 withdrawal has
03:22 started. The funds will not be there
03:24 till the next business day, which is the
03:26 27th of
03:28 May, 23rd of May. But because we have a
03:31 long weekend, the funds don’t get there
03:33 till the 27th of May. And I’m like, are
03:35 you kidding me? I am absolutely
03:37 positively not waiting for Tuesday of
03:39 next week. So, um, but I it’s like I
03:42 can’t reverse it. I can’t stop it. So,
03:44 anyway, so then I go into River, which
03:47 River generally does a better job of
03:49 just, you know, everything these days.
03:53 River actually does allow you to
03:55 integrate directly with um uh with a
03:59 bank account. So I tried to integrate it
04:00 with uh trustmark using plaid and it
04:03 says uh the same problem as coinbase and
04:06 strike but when you try to integrate it
04:08 man manually it says sure we’ll we’ll
04:10 try to you know do the manual
04:12 integration. So the way they do that is
04:14 they deposit one penny in your account
04:16 and they deposit it along with a
04:19 source you know sort of a source account
04:22 and then you just have to go into river.
04:23 It takes a couple hours for that deposit
04:25 to hit. You have to go into Tresmark,
04:28 look at the deposit of one penny, and
04:30 then enter the code from that deposit
04:32 that comes with the deposit over into
04:35 River and link the accounts. So, it took
04:37 a couple hours for that one penny
04:38 deposit to show up in Trustmark. As soon
04:40 as it did, I manually linked it to
04:42 River. I initiated a $14,000 purchase.
04:46 So, now one of those two things is not
04:48 going to go through. either um River is
04:53 going to try to pull the funds out of
04:54 Trustmark and Trust Mark’s not going to
04:55 let it because the initiation has
04:59 already been triggered by Wells Fargo to
05:02 move the funds over to Wells Fargo. And
05:04 so when um when River tries to pull the
05:06 funds, it’s going to tell it it can’t or
05:08 the reverse is going to be true. even
05:10 though I’ve already initiated the
05:11 purchase on
05:13 River, it could be that that the it goes
05:16 through on River and then uh when Wells
05:20 Fargo tries to pull the funds from
05:21 Trustmark, they’re going to say, “Nope,
05:23 you know, River got there first.” So,
05:25 one of the two is going to try to get
05:26 there first and the funds are either
05:27 going to be pulled out of Trustmark to
05:29 River for the $14,000 purchase I already
05:32 did, which I posted to Facebook, or that
05:35 uh or Wells Fargo is going to get there
05:37 first and pull the funds into Wells
05:39 Fargo, in which case then I will go buy
05:41 the Bitcoin from Wells Fargo. So, this
05:46 sort of manic idiocy does not exist in
05:50 the world of Bitcoin. In the world of
05:51 Bitcoin, you send Bitcoin to people and
05:53 it shows up immediately and you there’s
05:56 not these multi-our multi-days. It’s
05:58 closed on Memorial Day, you know, you
06:01 know, there’s funds have to settle. I
06:03 mean, this just insane idiocy, stupidity
06:07 of the traditional financial system
06:08 completely does not exist in the world
06:10 of Bitcoin. When I want to send Bitcoin
06:12 to people, which I do all the time. I
06:13 pay bills with Bitcoin. I, you know, I
06:15 send Bitcoin to people to settle
06:17 invoices. You know, most of the payment
06:19 I do of people, vendors, I do with
06:22 Bitcoin and it’s great. They send me a
06:24 Bitcoin invoice, which looks like a
06:25 Bitcoin address. I paste it in River if
06:28 it’s per business or I paste it in
06:30 Coinbase if it’s personal and I just
06:33 send the Bitcoin and boom, I get it.
06:35 Like, it shows up a few seconds later as
06:37 pending, 10 minutes later it’s
06:39 finalized. And it’s just this whole
06:42 insanity is just ridiculous. Anyway, so
06:45 I had to jump through all those hoops.
06:47 It took me an hour or two this morning
06:49 to finally get all of that linked.
06:50 Hopefully, when all the dust settles,
06:52 I’ll have an extra $14,000 of Bitcoin.
06:54 If not, I’ll jump through even more
06:56 hoops to get those US dollars converted
06:58 into Bitcoin as soon as possible. It
07:00 just reminded me how absolutely insane I
07:03 want to move money between two bank
07:04 accounts that I own and control. And the
07:07 fastest I can do that, unless I drive to
07:09 a branch and sit there like an idiot and
07:12 fill out paperwork with a pen and
07:14 pencil, if I don’t do that, the funds
07:16 can’t get there before Tuesday of next
07:18 week between two bank accounts that I
07:21 control at two banks that both have
07:23 branches within eyesight of each other.
07:26 But I can’t I can’t move money between
07:27 them unless I go to the branch and wire
07:30 transfer it, which cost me 25 bucks. and
07:32 I got to walk in there and use a piece
07:34 of paper and a pencil and a, you know,
07:36 and a pen like an idiot. So, uh, since I
07:39 didn’t want to do that, it says I got to
07:41 wait till Tuesday. And so, I jump
07:43 through all these hoops to try to bypass
07:44 that. But that’s just crazy. It’s
07:46 absolutely crazy. And it’s crazy that a
07:48 deposit I get yesterday doesn’t show up
07:50 till today. Why today? Like, why do I
07:53 have to wait overnight for my money to
07:55 become available to me? And why when I
07:58 want to move my money between two bank
08:00 accounts that are both in my name, both
08:02 of which that I control that are
08:04 identical, they’re just at two different
08:06 banks, why do I have to wait for Tuesday
08:08 of next week to move the money? That’s
08:10 absolutely crazy. Bitcoin will make all
08:12 has already made all of that obsolete.
08:14 It’s just a matter of everybody catching
08:16 up so that I get refunds in Bitcoin
08:19 instead of having to jump through these
08:20 hoops to convert US dollars into
08:22 Bitcoin. So, the whole legacy financial
08:25 system is slowly going away and it can’t
08:28 come fast enough. Every time I have to
08:29 interact with the legacy traditional old
08:32 school financial system, it reminds me
08:34 how ridiculously antiquated it is. It
08:37 feels like I’m climbing into a horse and
08:40 buggy to try to move around instead of
08:43 the 2026 Tesla Model Y that moves me
08:46 around. When I’m using Bitcoin, it feels
08:48 like I’m in my Tesla 2026 Model Y with
08:51 full self-driving engaged, watching it
08:54 drive me around. That’s what Bitcoin
08:55 feels like to use. Whenever I have to
08:57 use the traditional banking system, it
08:59 feels like I’m climbing in a horse and
09:01 buggy. It’s absolutely insane. So
09:04 hopefully I’ll get this US dollars into
09:06 Bitcoin one way or the other. Either
09:08 River’s going to go through or Wells
09:10 Fargo is going to go through and I’m
09:12 going to pull it out and buy it. buy the
09:14 Bitcoin in from Wells Fargo. One of
09:16 those two is going to go through and
09:18 it’s either already in Bitcoin or it’s
09:20 going to be in Bitcoin, you know, as
09:21 fast as conceivably possible. So anyway,
09:24 have a great day everyone and I hope the
09:26 transition to the new financial system
09:28 of Bitcoin happens, you know, just as
09:30 fast as conceivably possible because the
09:32 old school system’s absolutely insane.
09:34 It’s just absolutely insane. Have a
09:36 great day, everyone.