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
14 replies
0 recast
0 reaction
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«‘)
3 replies
0 recast
0 reaction
Dan Romero
@dwr.eth
Itβs just a database entry.
1 reply
0 recast
0 reaction
Cameron Armstrong
@cameron
Mechanically π―% Compliance wise? Spicy paperwork for days.
1 reply
0 recast
0 reaction
Dan Romero
@dwr.eth
Having seen how compliance sausage is made, definitely ripe for automation.
5 replies
0 recast
0 reaction
Cameron Armstrong
@cameron
@saymore Dan would love to see a screenshot essay on how the compliance sausage is made in reality at a scaling startup π«‘
1 reply
0 recast
0 reaction
Cameron Armstrong
@cameron
@remindme 3 days
0 reply
0 recast
0 reaction
Cameron Armstrong
@cameron
Super interesting - appreciate the take π«‘
0 reply
0 recast
0 reaction
π _π£π _π
@m-j-r
π―
0 reply
0 recast
0 reaction
SayMoreBot
@saymore
π€ Your wisdom has been requested! @cameron would love to see this cast in a longer form. Visit SayMore.tv to accept the request, see if other people are interested in reading this too, and share the link to your completed work. Check out "Author View" to view all of your requests π«‘
0 reply
0 recast
0 reaction
