I made a risky bet in 2019 on GBTC that luckily paid off, but I was 100% willing to lose everything... I keep wanting to try it, but I'd need to be nuts post FTX...
I'd use shell scripts... Bash is the only way to ensure stability and backwards compatibly so that aliens can see the "public (yet commercially private) town square".
Funny I built this same thing (ours was SMS only) with someone I met on HN a decade ago and we even used the same landing page technique you have here... Swapping out the key word. I hope you have better luck marketing it that we did - you're off to a good start getting promoted on HN!
That would be an interesting way to solve this type of problem: make the payment processor pay interest on money withheld. Even at a low interest rate, it would hopefully incentivize them to figure out better ways of handling the risk. Are there any US legislators on HN?
I doubt that 1.01%[1] of the balance frozen by stripe plays a major factor in their calculus. If the situation has gotten to the point where stripe is freezing a customer's account for 120 days, they've probably already written them off as a customer. After all, who in their right mind would still stick with stripe after that? The biggest cost would be lost future revenues from the customer.
Some napkin math:
Assuming that a customer gets paid monthly by stripe, that would mean the amount frozen by stripe would be 1/12 of a customer's ARR. Applying the federal funds rate to that over 120 days works out to a cost 0.0843% of customer's ARR. Meanwhile, stripe charges 2.9% in fees. Not all of that goes to stripe, some goes to banks in the form of interchange. If we assume stripe gets 0.5% after interchange, that would mean the losses from losing the customer for one year alone would be 0.5%, an order of magnitude higher than whatever interest they'd be forced to pay.
[1] current federal funds rate is 3.08%. if it's applied over 120 days, it works out to around 1.01%
honestly there are plenty of uses cases that are a little beyond the scope of keenforms, this simply expands what is possible with a form builder. If there is something you want or need we'd love to hear about it.
Right now it does not have a date picker because the difficult of writing a rules engine that handles date conditions. I hope to change that down the road, this is more than an MVP but I have so much more I hope to do.
I just looked through quickly, but it appeared that the segment with the most companies in the list is insurance... I guess Warren Buffet is still right...
When you account for total revenues by sector it's the commodities trading business which comes out ahead though.
Just adding up Vitol, Transfigura, Cargill and Koch Industries you get to 665B in revenues.
Commodities trading is a behemoth, everything that surrounds us had to be mined and refined at some point, and most of it comes from very far, way beyond a 10-mile radius, thus prompting the need to move commodities around.
