Nice article. I like the Barbican and have spent a fair bit of time there over the last 25 years. I even worked out how to get from A to B without getting lost. Not been recently though.

The appearance of various Barbican adjacent locations in Slow Horses was a nice touch. And very on-point given the nature of Slough House.

Do they still have the rubber foot pedals to make the water come out of the taps in the public loos? Of course, being the Barbican the loos smell appalling and the taps frequently don't work, but it's all part of the charm.

And guess who is paying for her mistake? Everyone except the perpetrator. That bank refund comes from somewhere.

Exactly, which is why banks are loathe to approve such transfers in the first place. I'm wholly surprised that the banking ombudsman is able to force such transaction reversals.

> wholly surprised that the banking ombudsman is able to force such transaction reversal

They can't force transaction reversals or clawbanks. They actually force the bank to take the hit.

In my country this is only possible if enough funds are in the target account (banks coorporate), it's not a general customer refund...

In the UK if the funds cannot be recovered the bank takes the loss for push fraud.

https://www.which.co.uk/consumer-rights/advice/what-to-do-if...

It has made banks very nervous about transfers as even payments to a legitimate business can be part of a a fraud (e.g. buy gold and hand it over to the fraudster for "safe keeping") and people have complained they have had problems making legitimate transfers.

Oh, that really explains some stories I have heard about cars. That banks simply refuse some purchases from more independent sellers. Sometimes the fraud detection and avoidance can go too far.

I did not know about it as a problem with cars, but it makes sense that it is.

It is likely to come up a lot with private sales. Banks are unlikely to let the seller deposit cash (because of money laundering rules), so if they do not allow a payment by transfer its going to become impossible.

It seems unfair to other customers of the bank to require the bank to "return" 75% of the money.

This should be a matter for business insurance.

Small businesses will often not have business insurance, and private individuals will not.

I doubt insurance covers this sort of thing though.

ti is quite annoying getting "is this a fraud?" warnings on every transfer - even small amounts to my kids!

Or more likely lose it all and have to work again.

My take is the opposite of yours. The guy loves SV culture. Most of the article is a humble-brag about it.

His problem is that $60m is not enough to be an important player in that world. He was just a cog in the DOGE machine which wasn't enough after being number 1 at Loom.

He has now decided to study physics to try and be like the tech bro messiah Elon.

Thankyou. It's a relief to know that other people share my opinion after reading this appalling article.

The author is too dumb to even effectively disguise the extent to which he is just showing off throughout the article.

I suppose the fact that Musk is his idol sums it up.

With that money, I'm sure the author will find a trophy wife, despite his personality flaws. It feels like that might all be part of the plan for his "next chapter" after leaving his girlfriend. "Sorry, it's not you, it's me". Classic.

I guess their annual profit growth is not enough ;-)

What irritates me the most is the way they are still describing it as free to sellers when in reality sellers will have to eat this fee by reducing their asking price to remain competitive.

In reality I think the seller will eat this fee by having to reduce the selling price. But your point remains.

In the UK, ebay will add 75p plus 4% to private seller prices. Somehow they still describe their service as free to private sellers.

What makes you think he is flaunting his wealth? Maybe he is just showing this implementation to help people with ideas.

And saying you won't check responses to your comment is pure arrogance. Unlike the original poster who seems a nice guy.