National Grid just pulled off one of the most insane corpo moves I've seen.
Madison Wise gets slapped with a $28,260 gas bill for a new apartment. She calls. They admit it's a bad meter read. She owes $0. Case closed, right?
Wrong.
Weeks later they drain her entire checking account anyway. $28,260 gone. Overdrawn. Pregnant mom with a 2-year-old can't buy groceries or gas.
Their response? "Could take 10 days to fix."
She had to get local news involved just to get her money back.
They knew the bill was fake. They took the money anyway. This is what happens when legacy systems have zero accountability and can just raid your bank account on autopilot.
Imagine if this was on-chain. Immutable. Transparent. Reversible with multisig. Instead we're stuck with centralized dinosaurs that can financially ruin you with a "glitch" and shrug it off.
This is exactly why we need better rails. TradFi infrastructure is broken and people are paying the price.
Madison Wise gets slapped with a $28,260 gas bill for a new apartment. She calls. They admit it's a bad meter read. She owes $0. Case closed, right?
Wrong.
Weeks later they drain her entire checking account anyway. $28,260 gone. Overdrawn. Pregnant mom with a 2-year-old can't buy groceries or gas.
Their response? "Could take 10 days to fix."
She had to get local news involved just to get her money back.
They knew the bill was fake. They took the money anyway. This is what happens when legacy systems have zero accountability and can just raid your bank account on autopilot.
Imagine if this was on-chain. Immutable. Transparent. Reversible with multisig. Instead we're stuck with centralized dinosaurs that can financially ruin you with a "glitch" and shrug it off.
This is exactly why we need better rails. TradFi infrastructure is broken and people are paying the price.