![[OC] What People Think Privacy/Security Is](https://lemmy.ml/pictrs/image/30cec389-1586-4849-84ac-d8a9f4f0df5b.png){kind=link}
I know there are plenty of software missing from here. This is just a fun infographic I made, no need to take it seriously :)
I know there are plenty of software missing from here. This is just a fun infographic I made, no need to take it seriously :)
Pretty sure banks have a pretty good track record of “keeping your money safe”. Why the fork would anybody trust banks to keep their money safe if they can’t keep your money safe?
I don’t really understand why that statement is even on there?
Unless you mean to argue some anonimity point, which I could agree with considering e.g. Monero would be more anonymous than a bank.
But safe? I’d say the bank is quite safe to store money.
Money in the bank can be seized and frozen for all sorts of reasons. If you’re in the USA, then police can charge your money with a crime even if you haven’t broken any laws. It’s safe until it’s not.
Doesn’t have to be in the bank either; if you’re traveling with your life savings in cash, then if you get pulled over cops are likely to seize that money. Just because fuck you, that’s why.
Can confirm. about 15 years ago, my bank account was frozen for 3 weeks for child-support enforcement. Only they weren’t talking about my kid or even me. Some dude in Florida with my same first and last name, was a deadbeat dad. So they froze my account because apparently he didn’t have a bank account or something.
What’s super annoying about it is that we had different middle names, not even close to the same social security number, and not one person even contacted me before my bank account was frozen. I only found out because I check I wrote or something bounced. And I was like, WTF?
I was finally able to talk to enough bank people to clear it up. But it took 3 weeks. I never got an apology for it either. Adn the fuckers did not refund my insufficient funds fee. I mean, it was only $15 bucks, and it would have cost me more than that in my time to get a refund, but still…
So yeah, even here in the US, banks can suck.
Banks literally seize and freeze assets from people, e.g. Julian Assange.
Banks have also a track record of seizing countries international reserves like Russia, Venezuela, Iran, etc…
Banks keeping your money safe depends on what country you live in and how much its government has regulated them and/or provided some sort of backup in the case of a run or the bank going out of business.
The intention was more “Banks keep my data safe,” but I wanted to provide a clearer explanation that if your data isn’t safe, neither is your money. I didn’t have enough room to put my full thoughts.