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#2 is really hard when you have 50 billion dollars. Most Fortune 500 companies don't actually know how much money they have. When I worked for a big one they g

by mike_d 4y ago

#2 is really hard when you have 50 billion dollars. Most Fortune 500 companies don't actually know how much money they have. When I worked for a big one they generally knew within a $100 million margin of error.

baq 4y ago
Stablecoins or other central banks running their currencies should know better than the average Fortune 500, given that it’s pretty much their only job…?
puranjay 4y ago
But if you're in the business of issuing stablecoins, that's precisely what your job is - to know where your (or rather, a client's) money is. It's a core competency. Not a treasury management issue as with Fortune 500 cos.
nickfromseattle 4y ago
What are the variables that contribute to a $100m margin of error?