Mecha-Man
Buffed IQ from AI tutoring me on computer science
- Joined
- Sep 21, 2026
- Posts
- 798
- Reputation
- 643
I see so many fraudsters using identity theft to leverage other people's credit scores to buy expensive items (like cars or luxury furniture) on some sort of lease or loan, and then attempt to disappear after they acquire the item.
This is only possible because of the credit score system and banks. What I find absolutely absurd is none of this is possible if you stored your wealth in crypto cold wallets.
For the love of fucking all that is holy, STOP INVESTING YOUR TIME AND ENERGY into financial infrastructures involving banks. Use them for convenience. But if you're actually building your wealth around having a high credit score and large bank balances you're just setting yourself up to get scammed (either by some Indian, some local criminal, or even the bank itself).
If you want to get rich you invest in Gold, you invest in Bitcoin, and you occasionally make small bets on promising startups. Engaging with banks in trying to build wealth is just involving a useless middleman, take out the middleman.
This is only possible because of the credit score system and banks. What I find absolutely absurd is none of this is possible if you stored your wealth in crypto cold wallets.
For the love of fucking all that is holy, STOP INVESTING YOUR TIME AND ENERGY into financial infrastructures involving banks. Use them for convenience. But if you're actually building your wealth around having a high credit score and large bank balances you're just setting yourself up to get scammed (either by some Indian, some local criminal, or even the bank itself).
If you want to get rich you invest in Gold, you invest in Bitcoin, and you occasionally make small bets on promising startups. Engaging with banks in trying to build wealth is just involving a useless middleman, take out the middleman.
