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 VCβs face when I say Iβm gonna charge a $100M deposit account $9.99 a month πππ (If I can get a $20M on $100M terms from a FC investor Iβll pivot to this TODAY π©π°π«‘)
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Dan Romero
@dwr.eth
Itβs just a database entry.
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Cameron Armstrong
@cameron
Mechanically π―% 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
@remindme 3 days
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