Stripe announced Treasury, an API service that lets Stripe customers offer banking services to their customers.
Titans of industry in the past, banks are being reduced to capital API calls.
How it started How it's going
1/19: The most disturbing trend I’m seeing in the early stage fintech ecosystem is the raising of 2-3 back-to-back rounds with minimal progress in-between. Unpacked:
Bundle Cycle
1. Upstart identifies a customer dissatisfied with some portion of the bundle and actively seeking a solution.
2. Creates a 10x solution specifically targeted at them.
3. Develops their own bundle over time to expand the market.
4. GOTO 1
From Hammurabi to Satoshi: Blockchains are a new type of database that make money fundamentally digital for the first time. Our view on what changes: mailchi.mp/393a844a922e/data…
(1/11) How we record and manipulate information is the fundamental speed limit on our ability to build institutions, tools, and culture - and blockchains give us a meaningful speed boost: medium.com/mutable-matter/da… (thread) 👇
10/ We can now build more sophisticated tools and more with this new type of database.
Not all of it will be positive.
We’re just now coming to terms with a world in which information is moved and manipulated freely; are we ready for one in which money can as well?
[new post]
Thoughts on the "observer effect" --> parallels with dislocation in public and private markets. Thanks to @MutableMatter for comments / feedback.
aashay.substack.com/p/observ…
Our reach for social connectivity through technology exceeds our grasp.
Social Speed Limits - What We're Reading 3.22.20 - mailchi.mp/cfd0d92a8e54/soci…
Cryptonetworks are facilitating experimentation of new market structures. Marginal Markets - What We're Reading 3.15.20 - mailchi.mp/fed5cdb50bbc/marg…
In the same way that we as humans contain multitudes, so too, should our software. h/t to @robinsloan for the inspiration behind this post.
Situated Software - What We're Reading 3.9.20 - mailchi.mp/e17d70daaa2e/situ…