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

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 😩💰🫡)

weird internet kid. word rotator. yapping on /okbanger. playing with @wannanaplabs. curating in /cameron | dev + vet + HBS. 
Cameronarmstrong.org 🫡

I guess the FDIC is underwriting the risk… poorly