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What we need is highly online modern banking with universal APIs. I should be able to run 50 lines of (insert preferred scripting language) that queried accoun
by hakfoo 4y ago
What we need is highly online modern banking with universal APIs.
I should be able to run 50 lines of (insert preferred scripting language) that queried accounts at N banks, and then queued up transfers between them to redistribute the balances how I want (maybe prioritizing based on interest rates/incentive schemes or convenience to withdraw from). Put it as a cron job and let it run every night.
- latchkey 4y agothis is a lot of what is being done right now in the defi ecosystem. i know hn likes to shit on crypto, but defi itself is pretty innovative in this regard. the concept of 'programmable money' isn't that far off.
- hakfoo 4y agoThe problem is that the things that might be interesting there are always coupled to a big load of iffy speculation and regulatory evasion. We don't need to give up on stuff like regulations and insurance to demand a half-decent API.
- latchkey 4y agoPeople shout about regulations and then we have another traditional banking meltdown. Obviously it is more than just regulations. DeFi (primarily lending/borrowing markets) itself has performed quite well during these ups and downs and actually has very little to do with speculation or evasion.