things this reveals
1. banks internal network is not secure.
2. ATM's actually have code to 'spit' out cash without a card. and also spit out more than a few hundred at a time
3. bank accounts can 'add balance' without the account checking where the funds originated
i think banks have admitted too much about how in-secure they are.
banks should take a lesson from blockchain tech about point 3. blockchain cant just add balance without showing source of funds
That's a really accurate analysis. What makes it hilarious is that the banks argument against Bitcoin is that it is money created out of 'thin air', while this article suggest that it's even more true for banks and thus fiat.