@mikulaja Next you will be trying to tell us that blockchains are just databases that don't work very well.
But this "sweep account" idea is really new and novel.
@johnarnold@statg They stopped smoking too!
Apparently, it's just your own kids that won't listen to common sense.
Now maybe we can start talking to them about cell phone addiction.
@johnarnold Crypto, prediction markets etc. are a mugs game. I'm mystified that people continue to throw their money away. How much do they have to lose? I guess most of it is driven by addiction.
@mikulaja@duborges And they had a great marketing schtick. Originally they positioned themselves as only working with graduates of elite schools. Snob fintech.
@mikulaja Crypto/blockchain even worse. Real estate on the blockchain comes up about every 36 months, goes nowhere and everyone forgets about it again.
@mikulaja@duborges Start with SOFI. I'd say their execution from their "Facebook for Fintech" days has been pretty good but I don't know if the bank charter has made much of a difference. And now that student loan refi and the tech platform seemed to have peaked, not much to be excited about.
@mikulaja Amazing how long VCs have been able to postpone revealing what a disaster their fintech investments have been overall. Next comes the $billions down the drain in Metaverse and Web III.
@AlexH_Johnson Remember when everyone was going to trade crypto for free using the blockchain? Now Coinbase charges .5-3% from what I've read. Using CC gets me rewards, 30 day float and the ability to dispute a charge. Someone explain why would I switch to stablecoins?