Dan Romero
@dwr.eth
Type of financial entity that should exist: - Consumers and businesses can easily sign up - Federally regulated - Only function is to custody USD - No fractional reserve - Ability to opt-in to yield via US Treasuries - Revenue model: cut of Treasury yield or $9.99/m subscription
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Cameron Armstrong
@cameron
I can already imagine the look on the VC’s face when I say I’m gonna charge a $100M deposit account $9.99 a month 😂😂😂 (If I can get a $20M on $100M terms from a FC investor I’ll pivot to this TODAY 😩💰🫡)
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Dan Romero
@dwr.eth
It’s just a database entry.
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Cameron Armstrong
@cameron
Mechanically 💯% Compliance wise? Spicy paperwork for days.
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Dan Romero
@dwr.eth
Having seen how compliance sausage is made, definitely ripe for automation.
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Cameron Armstrong
@cameron
Super interesting - appreciate the take 🫡
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