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Thank you for the interest, would love to share the idea. I am considering its about 6 months from launching. I'll start with the story- Back when I was 18 an
by robertAngst 8y ago
Thank you for the interest, would love to share the idea. I am considering its about 6 months from launching.
I'll start with the story-
Back when I was 18 and working at a clothing store, I asked my boss if I could be paid in NASDAQs instead of USD. The answer- No. I don't particularly like government currency, because the government prints more every year. However, the market grows at ~7%/yr. I still dreamed of getting paid in Investment.
The App-
This app tokenizes an S&P500 index fund. This way you can trade something 'better' than USD with friends. I also have an end goal of being able to spend it on a debit card, similar to my Bitcoin debit card Shift.
The programming was intense as it was my first time writing a database that did anything interesting. Wrote in double entry book keeping, friends, users etc..
Previous experience in database was merely submitting insert queries.
I have a few serious business considerations before I show it to my audience on my website(Efficiency Is Everything). But either way, I have a fully functional database with a front end for Web, Android, and iOS. Worst case, I can use this app for my next project.
If you have any thoughts about this idea, I'd love to hear from you.
- dominotw 8y agoI have certain % of my USD salary get automatically invested in s&p index. Would getting paid in NSDQ be setting it to 100% ? also, Wouldn't the exchange rate of NSDQ constantly be fluctuating.