Jake Webb

Consulting for crypto and fintech | Former finops @blockchain | Bridging the gap between Crypto and TradFi

[Jake Webb @jakewebbTX]

@KyleLDavies Banks have regulators and examiners that perform stress tests and evaluate their risk management practices.

Exchanges test and evaluate that with real world market events. No training wheels, full send.

[Jake Webb @jakewebbTX]

@JolieYang Now bullish on McCarthy winning speaker today

[Mark Cuban @mcuban]

Is there a better commercial for Rank Choice Voting than what is going on with the Speaker's vote in the House ? The current system, from primary to generals to speaker voting, empowers the extremes to the expense of constituants. Time to change

[Jake Webb @jakewebbTX]

@liamswagone @Graeme_Rios @sweatystartup Not reasonable for landscaping but fresh paint, repairs, staging, etc. Especially if one contractor did all of it.

[Jake Webb @jakewebbTX]

@chris_sinkey I'll second the systemic risk to banking access concern! The last few months have sent banks that were previously close to acceptance running for the hills.

Although -- not many banks could have taken that hit (proportionately)!

[Jake Webb @jakewebbTX]

@Graeme_Rios @sweatystartup A contractor lien. Makes sure their invoice gets paid thru the title company before the homeowner receives any proceeds. Contactor would have to charge a premium for that service.

[Jake Webb @jakewebbTX]

@Cheguevoblin I buy and live in a house for a couple years before turning them into #rentals. Let's me put 3.5% down instead of 20% (w/o violating the loan agreement), gets me a better interest rate, and I can slowly make updates whole I look for my next property.

[david phelps @divine_economy]

why hasn't crypto taken off?

a theory: programmable money doesn't make sense without programmable accounts.

web2 recurring revenue depended on *automating* everything—while crypto requires manually signing each transaction.

account abstraction changes that

it lets crypto win.

[Jake Webb @jakewebbTX]

@GuyDealership Most banks intentionally price themselves out of the consumer loan market, especially for autos. For consumer lending to be profitable, it requires very costly infrastructure and massive volume/scale. It's a big commitment.

On the other hand, that's a CUs bread and butter

[Jake Webb @jakewebbTX]

@valkenburgh This is the ol' "death by regulation" approach.

After watching both the House and Senate committee hearings this week, it's seems like a lot of our lawmakers lack a fundamental understanding of the assets/industry they're trying to regulate.

[Jake Webb @jakewebbTX]

@umbrella_uni "I'm busy trying to figure out how to make money for people" 😂

Sounds like he has a pretty open schedule.

[Jake Webb @jakewebbTX]

@twobitidiot Not sure this is the right regulatory climate for a regulated bank to buy a crypto exchange, BUT...if a bank wanted to get into the digital asset space... $SI could be acquired at a huge discount right now.

[Jake Webb @jakewebbTX]

@LUNCDAO You'd still need someone willing to buy at $1. If everyone refuses to sell for less than $1, but there aren't any buyers, it's effectively worthless.

Better solution is to add value to the product, not get sellers to fix the price above market value.

[Jake Webb @jakewebbTX]

@jameslavish Terrible example of inflation. A home is valuable because you retain most of your monthly living expense as equity, not because it's expected to perform better than other investments. You have to pay for a place to live--so pay yourself not your landlord!

[Jake Webb @jakewebbTX]

@LadyofCrypto1 🎶 I've got oceanfront property in Arizona 🎶

[Jake Webb @jakewebbTX]

@CANMNT2022 is getting HOSED by the refs. So many bad/missed calls.
#FIFAWorldCup2022

[Jake Webb @jakewebbTX]

@joshuabrowder Wishing you hadn't authorized a transaction is not the same as an unauthorized transaction.

Exploiting NACHA operating rules is fraud on its own. I feel for the consumers that were harmed, but it's shameful that you would promote this as a solution.

[Jake Webb @jakewebbTX]

@Bfaviero Redundancy is key to building a stable financial/operational infrastructure in a high risk industry.

[Jake Webb @jakewebbTX]

@Robwhitlow3 @HotepJesus There wasn't a problem with FTX when someone tried to pull their money out. There was a problem when EVERYONE tried to pull their money out. And if that happened at a bank today, it would fail too.

And the FDIC only insures SOME of your deposits.

[Jake Webb @jakewebbTX]

@KyleDecell @LadyofCrypto1 I get your point but...the irony...😂