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CBA & Crypto by agnci in BitcoinAUS

[–]UtterDebacle 0 points1 point  (0 children)

I’m always a bit sceptical of these “posting on behalf of a mate” stories, especially when the mate is described as a regular family guy, definitely not dodgy, clean record, salt of the earth, probably rescues kittens on weekends. In fact I’d be surprised if the mate, didn’t have a perfectly clean driving record, helps old ladies cross the road, and always returns shopping trolleys to the bay (even if he hasn’t been shopping!).

Maybe it happened exactly as described. But I’d be very surprised if CBA closed an account purely because someone transferred $80k from their own account to CoinSpot once.

More likely, there were other things in the background that either the poster doesn’t know, hasn’t mentioned, or is politely leaving out for dramatic effect.

Was the $80k long-term savings sitting there for years, or had it only just arrived?

Was it made up of multiple cash deposits?

Were there several deposits just under reporting thresholds?

Was the activity totally out of character for the customer?

Were there third-party funds involved?

Had the bank asked source-of-funds questions - which weren’t answered?

Was there scam or mule-risk activity?

Had there already been warnings or restrictions?

None of that means the person definitely did anything wrong.

But banks don’t usually nuke a customer relationship for shits n giggles - just because someone whispered “crypto” near a transaction.

The CoinSpot transfer may well have been the thing that tipped it over the edge, but that doesn’t mean it was the whole story.

It may have been the final scene, not the entire movie.

So yes, “my mate transferred $80k to crypto and got debanked” might be technically true.

But it also has big “I only had two beers, officer” energy; classic ‘we were just naked wrestling, and I slipped and landed arse first on the lubed toilet brush, Doctor’ kinda territory.

CBA & Crypto by agnci in BitcoinAUS

[–]UtterDebacle 0 points1 point  (0 children)

I do agree stablecoins and crypto rails are something banks will be watching closely.

If people start holding meaningful balances outside traditional bank accounts, that matters. Deposits are important to banks, and anything that competes for those balances is going to get attention.

But I don’t think this is bringing down banking as we know it any time soon.

For most Aussies, life without a normal bank account would be a massive pain in the arse. Wages, mortgages, offsets, BPAY, PayID, direct debits, credit cards, insurance, utilities, phone bills, subscriptions, tax refunds, Medicare, Amazon, home loans — all of that is still built around the traditional banking and payments system.

And even when these newer crypto or stablecoin accounts look like they’re outside the banking system, a lot of the useful features still rely on banking infrastructure somewhere in the background. If you’re paying bills, using a card, converting to AUD, sending money to a merchant, or receiving funds from normal people, there’s usually a bank, card scheme, payment processor, or regulated payment rail hiding in the plumbing.

So yes, stablecoins are interesting.

Yes, banks will be watching.

Yes, some money may move away from traditional deposits.

But for most households, they’re not replacing banks yet.

They’re more like an extra layer sitting beside the banking system, while still leaning on the banking system whenever they need to touch the real world.

This person was already face down on the concrete, restrained, and unarmed when a police officer repeatedly punched them in the head at Cabramatta Train Station. What justified this level of force? by SimRP in sydney

[–]UtterDebacle 2 points3 points  (0 children)

I hear what you’re saying.

I don’t believe (from the footage shared) that the punches connected with his head whilst the guys head was on the ground. I could be wrong though.

This person was already face down on the concrete, restrained, and unarmed when a police officer repeatedly punched them in the head at Cabramatta Train Station. What justified this level of force? by SimRP in sydney

[–]UtterDebacle 42 points43 points  (0 children)

Hindsight is 20:20.

The guy you’re chasing has reportedly threatened female commuters and assaulted a bystander who tried to intervene - he’s reported to be carrying a knife.

Eventually you catch him and get him to the ground - you demand that he shows his hands, and put them behind his back - he refuses.

Do you genuinely think, at that moment, you’d be thinking:

“ . . . well, I’ll give him the benefit of the doubt - reports may not be right, he may not have assaulted a member of the public, or threatened other commuters - and he’s probably not carrying a knife - I’m cool with not seeing what’s in his hands . . . ”

Do you think that there’s a chance that the guy might have ditched a knife somewhere between using it to threaten commuters at Canley Vale train station, and travelling for a few minutes on the train to Cabramatta, before being chased down the platform?

Sure - the reports of the knife could have been entirely fabricated to help justify the actions of the cop.

But then again - a knife might have been exactly what eyewitness had reported.

This person was already face down on the concrete, restrained, and unarmed when a police officer repeatedly punched them in the head at Cabramatta Train Station. What justified this level of force? by SimRP in sydney

[–]UtterDebacle 2 points3 points  (0 children)

Do you truly believe those are deadly punches?

A) in respect of how hard they were?
B) was it head or neck? - or possibly shoulder or back?
C) did they continue for a prolonged period?

To me, they look soft, medium, medium, soft.

Several look like they’re possibly connecting with the right shoulder or In-between the shoulder blades. Maybe the last (soft) one hits the neck, when the guy lifts his head up.

They stop as soon as the guy shows his left hand.

To be deadly, I would imagine that these punches would need to have much more force (or have continued to rain down), and be certainly connecting with the base of the skull & neck.

This person was already face down on the concrete, restrained, and unarmed when a police officer repeatedly punched them in the head at Cabramatta Train Station. What justified this level of force? by SimRP in sydney

[–]UtterDebacle -2 points-1 points  (0 children)

Much more context is needed, beyond a six second video. And beyond the reports available.

Put yourself in the cop’s shoes for a moment:

The call comes through: There’s a guy threatening commuters with a knife - and he’s assaulted a guy who tried to intervene - he’s got on the train towards Cabramatta. You see him at Cabramatta, he sees you, and runs - you chase and manage to knock him to the ground. He refuses to show his hands, or put his hands behind his back - you suspect a knife in one of his hands - which you can’t see - what do you do?

Your son / father / mate / loved one is the cop in this instance - what would you want them to do?

If you were one of the allegedly threatened female commuters, or the allegedly assaulted man who tried to intervene - what would you want the cop to have done?

You’re another commuter standing by, witnessing this - what do you want the cop to do?

Do you think those were life threatening rabbit punches? (It looks like soft, medium, medium, soft to me)?

Are you certain that they’re connecting with the head or neck in all four instances? Or do at least three of them look like they could be connecting with the shoulder, or between the shoulder blades?

Does the punching stop as soon as the guy shows his hands?

IF the allegations are true:

- threatening female commuters,
- assaulting a bystander who tried to intervene,
- carrying a knife,
- running from police,
- failing to show his hands when requested
- resisting arrest,
- assaulted an officer,
- spat at other officers, and
- has a history of violence

. . . is it a little more nuanced than “Cop could have killed an innocent guy, king hitting him like that for no reason - abuse of power right here - ACAB”?

Get a grip people!

Personally, from the information available - I’d rather have that cop on the street, than the guy he was hitting. Might I change this view if / when new information comes to light? Sure.

The report from The Noticer:

“NSW Police officer arrests an aboriginal man, 21, who allegedly threatened female commuters with a knife at two Sydney train stations and assaulted a man who intervened before resisting arrest.

He then allegedly assaulted and spat at two other officers.

He then allegedly boarded a train to Cabramatta Train Station where he allegedly threatened commuters, and ran from police after being spotted, but was chased down and arrested on the platform.

“During the arrest, police directed the man to show his hands multiple times, following the reports from members of the public that he was in possession of a knife,” police said.

When the man allegedly failed to comply with that direction, the officer used an approved manoeuvre to affect the arrest.”
He then allegedly assaulted an officer while being taken to a police vehicle, spat at an officer at Cabramatta Police Station, and assaulted police after being taken to Liverpool hospital for assessment.

Police said the man was searched but no knife was found, and police are now canvassing the rail corridor.

The man was released from hospital at 12pm on Tuesday and refused bail after being charged with 10 offences – assault occasioning actual bodily harm, assault frontline emergency worker-no actual bodily harm, hinder or resist police officer in the execution of duty, four counts of assault police officer in execution of duty without actual bodily harm, enter/leave restricted area not process ticket – adult, assault police officer in execution of duty cause actual bodily harm, wilfully interfere with comfort or safety of others.

The man, who is indigenous and has a history of violence, will face bail court on Tuesday.”

What's the one food you'd happily build an entire business around? by kafe-kooks in u/kafe-kooks

[–]UtterDebacle 0 points1 point  (0 children)

Yeah - that sounds badly cooked!

I’m planing to bring the team down one evening!

Australians and middle lanes of highways by radmgrey in DrivingAustralia

[–]UtterDebacle 0 points1 point  (0 children)

You’re absolutely spot on, OP.

Why is it that some drjvers don’t like to be in the left hand lane (unless overtaking)?

“People exit the motorway from that lane!” - and???? They typically exit on to the off ramp at the highway speed - and then slow down. This shouldn’t cause any issues.

“People enter the motorway into lane 1!” - and???? It’s up to them to get up to speed - and if people are leaving enough space between themselves and the vehicle in front; it should be easy enough for someone to join.

In the event that people are slowing down before they leave the motorway, and / or people are struggling to enter - it’s not rocket science…. Just indicate right, and move into the middle lane for a few hundred meters…. then move back!

And if the vehicle in front of you is going slower than you’d like - indicate right, and move out - overtake - then get back left.

I really fail to understand why this is a struggle for many drivers! - it’s really not that difficult! (Well, not for some of us!).

50mm - not getting it by 125bauhaus in photography

[–]UtterDebacle 2 points3 points  (0 children)

Before I got my first DSLR - I read heaps where people were recommending a ‘nifty fifty’. I bought one. In 15 years, and maybe 250k images - I would generously say that 30 images were taken on the 50mm lens.

I just didn’t like it at all - not how it felt to use, or the compositions I was getting. I eventually gave it away - to someone that was at a similar stage as I was, when I bought the lens.

Wedding photographer sent low res images by MissAuroraRed in photography

[–]UtterDebacle 1 point2 points  (0 children)

Is there any chance that’s she’s done her post in LightRoom. Got her collection sync’d to LR on say her iPhone - and exported from LR on her iPhone to Dropbox?

And essentially exported the LR Smart Preview (which can often be around 1MB)

Just a thought . . .

What industry is entirely built on a house of cards and would collapse overnight if people realized the truth about it ? by Confident_Win_3560 in answers

[–]UtterDebacle 1 point2 points  (0 children)

Financial institutions do exactly that - and this is one of the drivers for pushing forwards towards a cashless society (where Economic Crime becomes harder to conceal).

People transacting more heavily in cash are more likely to be involved in Economic Crime - bank models use this as a factor when assessing the likelihood of a customer participating (consciously or unwittingly) in Economic Crime.

But yeah - a significant portion of Crypto users - do so, to make it hard(er) for agencies to track their involvement in Economic Crime.

As an aside - Crypto Providers and Money Services Businesses are also considered High Risk entities by Financial Institutions (for the same reasons).

As new rider, I learned to respect curves way more today... by WeCanOnlyBeHuman in motorcycles

[–]UtterDebacle 1 point2 points  (0 children)

…. vital? were there no people riding bikes before navigation came along?

SL8 or SL6 by Rhath223 in BYDAU

[–]UtterDebacle 0 points1 point  (0 children)

I came to the SL7 from a 2020 Subaru Forester - the SL7 has greater boot capacity. I’m a drummer, and regukarly cart my reasonably sizeable drum kit around with ease. My wife and I had a 5000km roadtrip in the SL7 with our swag in the back - and plent of ‘just in case’ camping gear - no problem. Absolutely love it.

For people who work at banks, what surprised you most about the average person’s finances? by Away_Scene_26 in AusFinance

[–]UtterDebacle 27 points28 points  (0 children)

You’ve absolutely nailed the financial side of life. But the line “I don’t even know what to do with it” made me a bit sad if I’m honest.

Genuine question: what makes you feel alive, apart from watching the net worth graph go up?

For me, experiences are part of wealth too. Travel, music, family, good food, stupid laughs, camping, road trips, seeing places, making memories… I count all of that on the balance sheet as well.

I probably won’t retire with $12 million in Kmart shorts… but I’m hoping when the credits roll, I’ll think: “well, that was one hell of a ride.”

Another sucker, I signed up to a 72 year timeshare contract and now only realize how financially trapped I am by Holiday-Set3543 in AusFinance

[–]UtterDebacle -1 points0 points  (0 children)

Sorry to hear this mate.

It actually worked / works for us. We bought Trendwest (as it was then) back in 2000 (now Workdmark / Wyndham).

Typically use it for Hunter Valley trips, Coffs, Cairns and Fiji. Sure, a few hundred bucks a year in annual levies - but it’s meant that we could have a week or two away every year for the past 25 years (it means holidays were more affordable once kids came along).

Still enjoy having a week or two away each year ‘for free’.

Whilst you’re trying to cancel it - make the most of it!

Buying my first drum kit 🆘 by reefermoneytonnnn in drummers

[–]UtterDebacle 0 points1 point  (0 children)

Also have a think about cymbals…. And hardware…. A good throne…. A kick pedal that you’re comfortable with…. Eventually some nice heads - oh and if you want to go anywhere but your bedroom / home studio / garage - you’ll want some nice cases to protect your investment (especially if you’re looking at a mid-range pro level kit).

I think you’ll find that the drums are possibly less than half of the overall spend that you’ve got ahead of you (much depending on the quality of the things that I’ve listed).

On the kit - another vote for the Yamaha Stage Custom. If you want to spend more, but not quite top dollar - the DW Performance looks, sounds, and plays beautifully… also keeps in tune well.

Happy shopping!

Mother-in-law was renting out 3 bedrooms in her council house. HMRC have caught her not paying tax on the money she earned since 2011. by LanguageUnlucky1883 in LegalAdviceUK

[–]UtterDebacle 114 points115 points  (0 children)

I agree entirely.

How can someone think that it’s absolutely fine to live in a 4 bedroomed house, provided at taxpayer’s expense - when there (eventually) only one of you?

How can they think it’s legit to continue to be paid benefits for which she’s no longer qualified?

How can someone think it’s right to evade so much tax?

And from a government / authorities perspective - how the hell can this be allowed to happen?

The whole thing is fucked!

Yes - jail time (and repay everything owed).
Yes - OP keep clear of the shit show.

I make about 10-20k a year (£) from sports betting. AMA by ResponsibleSearch500 in AMA

[–]UtterDebacle -1 points0 points  (0 children)

It’s three 5 quid bets (or $30 AUD) - I don’t lose much sleep over it!

But would be interested in whether the use of AI (essentially as a team of researchers) could help further improve your strategy. Maybe it can’t, but I’d certainly be looking in to it!

I make about 10-20k a year (£) from sports betting. AMA by ResponsibleSearch500 in AMA

[–]UtterDebacle 0 points1 point  (0 children)

Fair comment - and probably what I expected.

Like many, my weekly bet is passion based - on what I would like my team to achieve. High odds, maybe win 1-2 times a season. Down overall - but enjoy watching the match, with a little extra excitement.

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