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Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion

troubled soul

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Aug 23, 2020
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Block: How Inflated User Metrics and “Frictionless” Fraud Facilitation Enabled Insiders To Cash Out Over $1 Billion


Jack dorsey philanthropy is drama.....It reminds me ageless wisdom.....Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men
 
They are totally right about them facilitating an enormous amount of fraud... interestingly they didn't even mention the Bitcoin feature which is a big part of it. I think lack of ACH name matching is going to get a lot of people in trouble. But the interchange thing is bulls**t. Every fintech does that including as they mention Paypal - the Durbin Amendment was supposed to be a handout to small banks. So far no one has successfully challenged these interchange arrangements.
 

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