rundmc

8 ms·

31.
by rundmc 4y ago
Fully agree. That's why tontine are so attractive, the income is expected to rise which may keep up and possibly surpass inflation.
32.
by rundmc 4y ago
Firstly, ~125 years ago, there was a crash in the insurance industry. The insurers which offered tontines survived, all of the others disappeared. Secondly, the trust is managed by a board of trustees that have a fiduciary duty to look afte
33.
by rundmc 4y ago
Haskell
34.
by rundmc 4y ago
Unlike insurance companies, we don't benefit from customers passing away. If customers are living longer, our algo's slows down the capital payouts which means that we earn fees on more assets for longer. Therefore it makes commer
35.
by rundmc 4y ago
Insurers make a double profit by charging management fees and by mispricing the longevity risk which essentially means that those dying earlier generate excess profits for the insurer. In a tontine, those dying earlier generate excess incom
36.
by rundmc 4y ago
Context: https://youtu.be/4AqKjjhET2k
37.
by rundmc 4y ago
If you want your kids even more incentivised to take care of you and help you live healthier & longer, you need to turn yourself from a potential financial liability (the kids will have to support you if you run out of money) into an in
38.
by rundmc 4y ago
The OECD Pensions team has recently confirmed that in this current environment, tontines offer better value for consumers than annuities.
39.
by rundmc 4y ago
Because life insurance companies make profits by: a) overcharging you for covering the risk of you dying too early (death insurance is marketed as 'life' insurance) b) overcharging you for covering the risk of you living so long t
40.
by rundmc 4y ago
So basically they have raised the prices of droplets and at the same time make it almost impossible for non-sysadmin type users being able to reduce droplet sizes.
41.
by rundmc 4y ago
Don't forget https://tontine.com We are the global pioneers of an OECD endorsed disruptive fintech platform that enhances your parents pension wealth by 87% with Zero added risk according to ETHZurich (Einstein's alma
42.
by rundmc 4y ago
We have been looking for a US banking provider that could handle this. Woo hoo. In RoW they are called virtual IBANs. Numerous use cases.
43.
by rundmc 5y ago
Spectrum? Pah! Some of us had to teach ourselves to code on a ZX81 with 1kb of RAM.
44.
by rundmc 5y ago
Tontine Trust is making the global pensions industry Functional with a new OECD endorsed design described by a Nobel Prize Winning Economist as "a pension system for the world that can never go bankrupt". See: https://t
45.
by rundmc 5y ago
This seems like a brilliant opportunity for you folks to collect a major number of freemium businesses including 5 of mine but I agree with the other commenter that the low level of disclosure isn't comforting at all.
46.
by rundmc 5y ago
Sounds exactly like a tontine to me and I should know. (Founder of https://tontine.com )
47.
by rundmc 5y ago
Fully agree with the analogy but you disparage tontines! 49/50 US state workers pension will run out of money by 2033 because they are purely run as 'guaranteed' ponzi schemes. The exception is the state of Wisconsin which op
48.
by rundmc 5y ago
You mean that isn't the plan?
49.
by rundmc 5y ago
Glad you enjoyed it Artur. This video is also good: https://tontine.com/explainer
50.
by rundmc 5y ago
Can you do Haskell next please?
51.
by rundmc 5y ago
Tontine Trust | Dublin, Ireland | Full-time | FULLY REMOTE | Head of Marketing | Haskell Engineer 2 | Quantitative Finance Analyst | React Developer 2 | Actuarial INTERN Tontine Trust is a rare Fintech in the sense that we have a blue ocean
52.
by rundmc 5y ago
That was promoting Tontines rather than a Viagers. Seems like the sales effort was successful because the OECD recommends Tontines as the default pension systems now and Tontine Trust is launching Tontines in 27 countries in the next year.
53.
by rundmc 5y ago
The condensed Simpsons Tontine episode https://www.youtube.com/watch?v=4AqKjjhET2k
54.
by rundmc 5y ago
Perhaps a more realistic aim is "How to be able to live comfortably & not have to worry about having enough money in old age (without being lucky)". Disclosure: I'm building a startup https://Tontine.com which
55.
by rundmc 6y ago
I'm testing and absolutely loving Plasmic right now. Sent you a dm
56.
by rundmc 6y ago
What advantage does your solution offer compared to Facetec's Zoom Login liveness detection product? Context: We are imminent super-users of facial recognition to perform proof of life verification for our new tontine pensions platform
57.
by rundmc 6y ago
40 yards? Pfff My money is firmly on Europe for the first lunar Ryder Cup.
58.
by rundmc 6y ago
TontineTrust ( https://tontine.com ) uses Haskell for a practical engineering solution which ensures the survival of retirees that live a long life. Your parents (and the older version of you) that are facing the 33%+ probability
59.
by rundmc 6y ago
Shameless plug / comment thread hijack: https://tontine.com is an award winning Fintech making the global pension system functional and is looking to add more senior Haskellers as well as some junior Haskellers ahead of our
60.
by rundmc 6y ago
So there is 3,600 piles of precious metals floating around up there. How long before someone builds a space drone to snare that bounty?

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