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XMR · 5w

Anti-cryptocurrency twitter user has his bank freeze $300k six months later

Do you remember that Mr. Money Mustache guy who wrote the “Bitcoin is stupid” article which was taken up by the Guardian? Well, his lifetime savings just got wrecked by his bank.

If you don’t feel like reading his article (published only six months ago), here are some highlights:

“No, you should not invest in Bitcoin. The reason is that it’s not an investment… Investing means buying an asset that actually creates products and services and cashflow for an extended period of time. ”

“The usefulness of Blockchain is the primary justification people use for the big dumb Bitcoin lottery.”

The numbers on Coin Market Cap “are preposterous numbers. The imaginary value of these valueless bits of computer data represents enough money to change the course of the entire human race.”

And the best one: “Government-issued currencies have value because they represent human trust and cooperation.”

Apparently, the same guy tweeted just 20 hours ago that Capital One froze the money he put aside to buy a house, a total of more than $300,000. And they didn’t even take him seriously!

WOW! @CapitalOne Just froze my bank account (and all $309,000 of cash I had collected for an upcoming house purchase), and said I have to call to release it. But then they put me on hold and never answer. 25:08 and counting on my SECOND attempt. Feels like I have been robbed. — Mr. Money Mustache (@mrmoneymustache) August 13, 2018

 He followed up with a few more tweets expressing his disappointment towards the bank:

This is insane to do this to a customer unilaterally - their entire financial life is frozen, entire house deal could be derailed.Other people could lose their primary house, cars, incur tax penalties, etc. And you can't even give me access to a person to unlock it. — Mr. Money Mustache (@mrmoneymustache) August 13, 2018

 He will finally see his money again “in jus...

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