> if the recipient of money is the government, it makes no sense for that to be filtered through legacy financial institutions OP seems to be proposing a redes

> if the recipient of money is the government, it makes no sense for that to be filtered through legacy financial institutions OP seems to be proposing a redesign of the US Treasuries market that amounts to eliminating the primary dealer system and replacing it with ... an "app"? It's not necessarily a bad idea, it's just completely devoid of any alternative proposal, let alone actual details. And as they say, the devil is in the details. I guess that's the norm in the VC world, float a rough sketch of a very vague idea that sounds lucrative and hope that someone comes to them with an idea that fills in an actual proposal and enough details for them to be willing to take a real bet on a real idea. It's a mix of PR and blue sky thinking, I suppose.