Funny how the makers of cloud hardware didn’t want to get into the cloud from the start. Intel Cloud would have seemed more normal then a bookseller getting into it.
Credit Karma’s free file could be the end of paid tax filing. We may see an ad supported model, or synergies, like if Microsoft gives free tax software for office users. History has shown many software that was once paid become free, as entrepreneurs figure out a way to give it away and still monetize it.
It’s possible with blockchain.
Imagine if each stock had its own blockchain, made up of transactions of shares transferred from one to another, in exchange for a selected stablecoin. Every trade ever done is recorded and available to the public.
So, every broker is on margin with DDTC, they don’t have to have 100pct cash for the dollar amount of the buy orders they send to DDTC, as long as they will have the cash in 2 day. Some brokers like fidelity have hoards of 401k money and more likely to have 100pct cash for their orders. Trading brokers like IBKR RH keeps the minimum possible amount of cash with DDTC, and their automated systems adjusted up the minimum.
This is more or less like the futures market, except futures trades settle at end of day (when CME closes for an hour at 5pm, and next day starts at 6pm lol) and DDTC is the equivalent of CME
Who’s irresponsible here? DDTC for their lax cash requirements? Individual brokers that only keeps the minimum required cash? Futures cash requires 10pct or less, but no futures trader would only keep that much in their account, unless they don’t mind being wiped out and liquidated at end of day settlement (and then deposit more money the next day to trade again). Brokers cannot risk being wiped out at all.
Users in Hong Kong use WhatsApp to stay out of trouble with govt. Like accidentally talking about politics. If Facebook can read msg then govt can make them turn over the msg.