Viewing profile — tempaccount987

There is a precedent for doing it legally, Paypal, Facebook Credits, etc are all digital currencies. They do it by getting licensed as a money transmitter and complying with all AM…

Can you link to the paper? Happy to read it. My thoughts/plan in general though: basically do what facebook credits did. Get licensed as a money transmitter, collect info on all us…

I think Dwolla is a valid approach that is better in the short term (doesn't ask people to change as much) but is not as good in the long term. They are built on ACH which still ta…

Paypal, Stripe, Square etc all use credit cards which cost 2.x% plus 30 cents. Bitbank uses a digital currency with low or no fees. It's more competing with Visa/Mastercard than wi…

Thanks! Fixed some grammar items, you're right about that. For your dry cleaner I would say: How much do you pay now per transaction for credit cards? Would you like to pay x inste…

It's a good point - I added some details under dmix's comment. Thanks!

It's a good point - I was trying to stay semi-anonymous. For now I'll just say, I've built one startup previously to profitability and 20k users. Have also worked at 2 YC companies…

I'm throwing a hail mary here - because desperate times call for desperate measures. I have an awesome prototype built that brings an emerging tech to the masses and I think has a …