Applied Resistance Strategies for the Contemporary Girlie/Gigachad | SheFi Summit Bangkok
SheFi Summit Bangkok 2024 · 11 Nov 2024 · 13:05
Maria Paula Fernandez argues that people should audit their points of failure across banking and social platforms, beginning with her own German bank account that was frozen for three months over an accountant's VAT filing mistake. Her self-audit counted 21 points of failure and nine resilient ones, meaning tools that are open source or onchain. She shows how banks, lenders and social networks have locked others out, then points to self-custody wallets, stablecoin loans, a credit card tied to a non-custodial wallet and a social profile usable across clients, while stressing this is not an invitation to leave society.
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From SheFi Summit Bangkok 2024, hosted by SheFi.
Transcript
[Music] hi everyone how are you I'm very glad to be here this is my third chii Summit that I'm sticking in a ra so if you hear something that I'm repeating then pretend it's all new obv So today we're going to talk about ourselves our digital personas and how to become more Reed I sourced a lot of information here of things that really happen to real people that are just like you and me it doesn't matter where their background is from it doesn't matter how much money they have
we all face problems with regards to the platforming so I hope that you find this talk helpful to our t two system that both Define us and can erase us uh really a quick example in 2019 I was minding my own business buying a burrito and then I realized that my card wasn't working so I went back home and I was like what the what the hell you know I'm just going to Lo back into my bank account it didn't it wasn't logging me in I see a message I live in Germany so I see a message in German I'm like okay this is really complicated but then I noticed that my bank account had been frozen and it was a Friday so I didn't
have any tools at all to figure out the to troubleshoot the situation I could only assume things I hadn't done anything wrong you know like of course I was working in crypto but that was you know the German government actually like doesn't mind that what did I do the first thing I did was you know I needed cash to survive so I had my wallet um I had my crypto wallets I gave some usdc to some friends they gave me cash uh they got me out but then I realized uh after mon on Monday when I started troubleshooting that my account would be frozen for the next three months so my account was connected to my health insurance without health insurance in Germany health insurance is legally so
you're head so it's you actually need to have a health insurance to exist in Germany so I couldn't pay for it because my account was frozen I obviously couldn't pay for my rent because my rent was their direct debit from my account so I had to do all sorts of things I had to get a dodgy OTC to give me money in a mall you know I was so nervous throughout those three months um in the at the end of the day it wasn't because I was holding crypto it wasn't also because I was doing anything wrong it was because my accountant who had no responsibility for what he did legally by German law had made some mistakes on my on the Declaration of my vat so they
decided to freeze my account I spoke really little German and I was basically out of the system for three months for a for a mistake of someone else that's also not liable for that mistake so it can really happen to everyone so in order to do to start this talk I did an audit of what I'm tester to so yeah I have a bank account I have three because I'm paranoid now I have credit cards PayPal Kraken family uh for my ethereum I use Al I work at AB and family as well disclaimer I use unisoft Li Phantom Cash and Instagram health insurance I have a mortgage uh I have an iPhone a Macbook
lger um and all of these other things um so counting them it looks like I have 21 points of failure and nine points of resilium there the resilium points are the ones that are either open source or on the blockchain the rest is my bank account I my pay papb my centralized and my centralized social media and so on and so forth so I'm not doing so great I was better when I got unbanked and then I went back to you know being really compromised so we could all use some resiliency on our daily lives and this
is you know these are basic very basic things H you know as I got my bank account shut down then I did a little a survey um I did a survey with my telegram group where you know people from Russia don't have access they did nothing wrong but they don't have access to their accounts I did a survey on Twitter and you can see there like you can see super rare John Emily my friend she got her account Frozen when her dog died um so that's a little bit of that's a little bit too much Diana got her wife John from East Denver and as well is there this is this is I had 60
testimonies for this talk so you it can really happen to everyone but yeah good news uh when it happened to me like crypto wasn't widespread I had to go super dodgy you know get money from like a guy in a that was waiting for me in a corner of a mall um now ER we are critical us we get to ask our friends um you're making friends here uh your friends can help you you know you have ways to exchange there's some biten ATM somewhere um so you are covered I use family um but the cool thing is that because my wallet is a quite old wallet um I had to migr to family I was looking
for a better de user experience um in general because H my metam mask was a little bit junky and that always makes me freak out so I chose also one of our products because you know I I need to to test our products as well I was able to migrate to family really easily my metamask Balan is loaded just fine because all metamask is also open source it's also non-custodial family is also non-custodial so I was able to migrate everything and you know if in the future my bank account gets shuts down which might happen I'm still protected I I can sustain myself and protect myself with
crypto social media can also shut you down um these are some of the people Stanny got like one short a tweet that he where he said that he was Twitter CEO and he got shut down my I have some friends that are sex workers um they get shut down all the time you can get shut down because you post a photo of a nude that you saw in the Lou uh and then the algorithm of Instagram labels is as a nude and then you're screwed so it can really happen to every one it happened to Costa that got Infinity infinitely banned from Facebook for no reason Frankie over there had had seven Twitter accounts
that means that you know when this gets shut down then you lose all your connections you have to start all over again how many of us have been building our online presence and have made bonds and you know maybe even got a career thanks to social media but yeah in 2024 again we have the power we can dish web to and choose resilient social networks this is my lens in lens and my profile is actually an nft um if I don't like the platforms that I'm using say that I'm using or um then I can switch to any of these clients actually they all work with my same identity and when I log into any of them I have all my connections as well there because all of
the connections are on chain whenever I need to do something ER really important on lens I am tether to my wallet as well so everything is in my control and having having control of your Social presence of your digital presence means having control over your Social Capital while we none of us have Financial Capital we do all have social capital and we better understand it's importantance so yeah I was drawing some numbers with regards to um being underbanked I don't know if all of you understand what's what's unbanked and what's underbanked and banked is obviously everyone that doesn't have a
bank account but underbanked are a lot more people underbanked is when you can't access when you have a bank account but you can't access a lot of the financial products some of them are mortgages for example a lot of us get decline of mortgages all the time obviously investing on stocks on derivatives there are a there other ways to be underbanked this happens to 14.1 of us households um I think in other countries it's even it's even higher and of course there's 1.4 billion people globally that remain unbanked or underbanked and it's not about reach or poor it can happen to everyone here I I actually added in my first Shi Summit in Brussels I talked about my the times
that I got rejected from a mortgage and what I did it's true these are my rejection this is from my friend Dean I'm sorry but there is nothing I can do for you German banks will not loan you any money because you have a startup that's you know a lot of us have a startup Germany welcomes entrepreneurs actually but then they don't give them then they deem them high risk and then you can't get a mortgage to get a house uh which is you know something basic Ellie Ellie from our telegram group she has been banned from many Financial Services in America because she has been in a few lists and list can be because you acrew medical debt and honestly in America who who is exempt from medical
debth these things are very real and you know I don't know if you have ever been in the position of needing to access a loan uh but this can happen too but yeah with a I can actually take loans in stable coins and and tokens I can supply and F fill the market now I'm on both of the of both sides um I I I'm actually paying for the remodeling of my house with an another loan because you know I can do it with unisoft I try to invest save and Supply liquidity um I'm part of the financial system I'm fully like I'm fully banked but I'm fully banked on chain and for example with great products as nois pay I test my credit card to my non-custodial crypto wallet
and I'm able for examp like this is wild but with nosis I can actually get a loan on a deposit H stuff on my h on my crypto wallet and then I can use my credit card with that balance and that's a little bit risky but if you know what you're doing or you know or you just don't invest what you can't afford to lose then you know you can play with these things so yeah censorship platforming everything either they everyday OCC currencies you can oh I got a word deleted there you lose everything in a Flash so there are many Technologies and products that can help
us I showed you a couple now but then I was like I'm not doing good enough and I found the wat3 Privacy guys online they're M they're creating all of these they're creating all of these images with the stacks that people use and a lot of them are not blockchain actually so you know balic uses a lot of blockchain stuff but for example Audrey tan she was the minister the digital minister of Taiwan and look at her stack none of those logos are things that you would recognize except maybe signal over there uh but there are all alternative free open-source platforms that you can use to become more resilient as well
they're not except from ex fully exempt from censorship but they get you to a place where you can become a little bit more resilience so you know this is an invitation uh basically to build your own stack to think to do a self audit like the one that I did for myself and to see what you can improve of course you like it's not an invitation to ditch everything to you know like become out to go outside of society it's just tools that make us feel a little bit more secure about what we are and and make us become a little bit less fragile and a little bit less determinant thank you good