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Show HN: Lit.money – Ethically designed to be a private, simple way to see money

lit.money

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Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#11

Post by trollbridge »

It's interesting to see cloud service after cloud service launch that promises "never to sell your data".

I'm working on a similar thing, except making sure we can actually live up to that promise: that means making the software entirely feasible to run on-prem (i.e. on your own computer), on your own cloud infrastructure, or provided by a third-party provider of your choice. (We chose AGPL3 to avoid the obvious problems with third party hosting trying to add features or change things and then locking you into their platform.)

Of course, this takes a bit more effort, and some things like Plaid are nearly impossible to use when self-hosted, but we've found some pretty good workarounds for that.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#13

Post by torlok »

Scrolled through first half of the page, learned that this is a web app that allows me to "see my money", that it's private, "makes things simple", and that it "revolutionizes financial management".

Is it really so hard to explain what your product is on the landing page? It's not just this app, it's most of the products promoted on HN. Also every other cloud app promises privacy until private equity shows up.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#15

Post by mhrnik »

torlok wrote: post #13

Scrolled through first half of the page, learned that this is a web app that allows me to "see my money", that it's private, "makes things simple", and that it "revolutionizes financial management". Is it really so hard to explain what your product is on the landing page? It's not just this app, it's most of the products promoted on HN. Also every other cloud app promises privacy until private equity shows up.

Can you please share your feedback? If not like this, according to you, if you were designing this landing page, how would you explain?

Currently my goal is to get feedback. Yours will be really helpful.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#16

Post by mhrnik »

trollbridge wrote: post #11

It's interesting to see cloud service after cloud service launch that promises "never to sell your data". I'm working on a similar thing, except making sure we can actually live up to that promise: that means making the software entirely feasible to run on-prem (i.e. on your own computer), on your own cloud infrastructure, or provided by a third-party provider of your choice. (We chose AGPL3 to avoid the obvious prob…

That’s really good for you. I am a solo guy working on this on nights and weekends. And definitely I ll never sell anyone’s data.

Also will work on self hosting and offline support once product get mature.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#17

Post by mhrnik »

garrettjoecox wrote: post #12

I was looking for a budgeting app about a month ago to replace my old usage of Mint and came across Lunch Money, been happy with it so far. https://lunchmoney.app/

thanks for the like will check it.

Meanwhile can you check lit.money and share some feedback?

It has demo account option so you can easily check it.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#18

Post by trollbridge »

mhrnik wrote: post #16
trollbridge wrote: post #11

It's interesting to see cloud service after cloud service launch that promises "never to sell your data". I'm working on a similar thing, except making sure we can actually live up to that promise: that means making the software entirely feasible to run on-prem (i.e. on your own computer), on your own cloud infrastructure, or provided by a third-party provider of your choice. (We chose AGPL3 to avoid the obvious prob…

That’s really good for you. I am a solo guy working on this on nights and weekends. And definitely I ll never sell anyone’s data. Also will work on self hosting and offline support once product get mature.

I 100% believe you.

The challenge is after it grows/becomes more successful, something happens that you lose control of the company, or perhaps you take some investment money (which is completely reasonable to do) and then they want you to start changing how you do things. You might not even "sell" the data - you might be forced to give it away.

Re: Show HN: Lit.money – Ethically designed to be a private, simple way to see money

#20

Post by mhrnik »

loloquwowndueo wrote: post #10
djfobbz wrote: post #8

A very similar site was launched right here approx. 18 years ago. Reference: https://news.ycombinator.com/item?id=54658

Yikes I hope lit.money doesn’t go the way of Mint: bought out by giant corporation, enshittified, neglected and finally subsumed/killed. Personal finance apps need to be trustworthy and be around for the long haul - I need them to just hum along and not take me on a venture-backed roller coaster.

Haha

Right now my focus is just to talk to people and improve it.

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