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It's not moving the goal posts. I cannot do this right now. > There isn’t any barrier to programmatic banking. There absolutely is, there's no open API for th
by solosoyokaze 6y ago
It's not moving the goal posts. I cannot do this right now.
> There isn’t any barrier to programmatic banking.
There absolutely is, there's no open API for this.
- JumpCrisscross 6y ago> I cannot do this right now There is a difference between not being able to and not knowing how to. You can. There are no-minimum balance API banking interfaces. There just isn’t a common enough use case for them to be heavily advertised. We can move the goalpost again to an open API, but that’s another thing once more.
- solosoyokaze 6y agoGo back and reread my original comment. I stand by my statement. Can you open 10k accounts right now? I'm sure you can't.
- godlikeNoob 6y agoCan you go to the middle of Cambodia (Tonle Sap) where there's no electricity and buy fish with bitcoin? You can't.... and my use case is a lot more realistic than yours. If you say you might be able to in a few years, then I can argue you might be able to open up as many accounts as you want at that time.
- JumpCrisscross 6y ago> Can you open 10k accounts right now? I'm sure you can't. Yes, easily. It would take a phone call, since I haven’t set up the rails to do this. But “I need ten thousand sequentially numbered checking accounts with wire privileges” is a perfectly fine (if odd for an individual customer) request. (Almost any process requiring that many accounts is being done wrong.) Granted, I have a private banker. But there are services who provide this to e.g. fintech companies setting up and destroying single-use accounts on the fly.