No stablecoins except those approved by the relevant regulator. (Currently empty set I believe, off top of my head.) If for some reason one wants to involve a slow database in one’s startup investing, one needs to take currency risk and (at least) two legs of fees.
@patio11
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Japanese crypto regulations limit USDC cash-out for startup investing
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You may be surprised to learn that under the current regulations no Japanese crypto exchange will allow you to cash out USDC, which feels relevant to the claim of whether it is actually useful for investing in a Japanese startup.
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Banks struggle with fraud detection and velocity limits
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You would hope that banks would be able to heuristically detect this but a combination of organizational, IT, cultural, and regulatory issues makes that difficult, and so they adopt individualized velocity limits to minimize damage and attempt to educate users about this.
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Regulatory Policy Limits Startup Access Despite KYC Compliance
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This is the motivation behind the policy but the policy does not allow them to e.g. read a share purchase agreement or make use of the fact that the startup is a real company and KYCed by the receiving bank so there is no risk to this sophisticated customer.
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Observing Real-Time Tech Experiments Ahead of Industry Trends
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Consider this an update as to how far ahead you are of most of the world given a) you see those experiments in real time and b) I’m generally well informed on tech and perceive state-of-art shifts typically after a 6-18 month lag.
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Language Pedagogy as AI-Driven Human Capital Investment
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Partly that is a commentary on U.S. language pedagogy but be that as it may this is a $100k human capital upgrade *per user.*
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AI Demo Outperforms Non-Heritage Japanese Language Learners
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This demo is not perfect but outperforms probably four nines of all non-heritage Japanese majors in the U.S.
— Patrick McKenzie (@patio11) 24 octobre 2023
Yiiiiiiiiikes that was not on my bingo card for this year. https://t.co/JliMwyWFRYThis demo is not perfect but outperforms probably four nines of all non-heritage Japanese majors in the U.S. Yiiiiiiiiikes that was not on my bingo card for this year.
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Healthcare Policy Implementation and Payer System Design
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"Do you express a strong preference on healthcare policy?" After we pass laws, we should administer them competently. Could go in many directions regarding how many payers, how much social subsidy to try to smuggle in while calling it insurance, etc.
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US Bureaucracy Costs Time Insurance Benefits Impact
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"You seem quite vexed here." 1% because the U.S. just burned two hours of my time and low-degree use of two weeks of attention accomplishing precisely nothing. 99% because I'm not the only person who was asked to do this flow and some of the others lost insurance b/c of it.
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Identity Verification Systems and Legal Compliance in Digital Platforms
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"You seem sophisticated in how systems like this work. Why was this done?" Because forcing me into the Report a Life Change flow requires me to e-sign an under-penalty-of-perjury statement at the end which at least one stakeholder believed was Totes More Real than the ID upload.