Earlier quoted context omitted.
The author doesn't grasp what putting all your eggs into one basket means: > Before anyone says “you put all your eggs in one basket,” let me be clear: I didn’t. I put them in one provider, with what should have been bulletproof redundancy: That's one basket. A single point of failure. "But it should have been impossible to fail!" Backups are to handle the "impossible" failure (in reality nothing is 100% reliable).
This one time, traveling through Asia, a simple merchant transaction triggered a fraud alarm on my card. The default for my bank at the time was to cancel my card automatically. This was before the days where cards could become unblocked. I had to travel to another city to pick up a new card in 10 working ways. This was a Mastercard credit card. I thought I was smart traveling with both a mastercard and a Visa card.…
They gaslit me for 20 days while violating their own stated policies.