| What about the following scenario: They buy this chartered bank. They make a mechanism for certain types of users to create accounts -- lets say only those with a valid HN account with a karma and age of over X + Y I create the account and get the account and routing number I then use this to direct deposit some portion of my pay into this account. I have no access to the account aside through their meta app. I give full autonomy to their bank and app to the funds in that account -- and I only get reports on usage and spend through the app - and I gate keep all transactions with a yay/nay -- but I never have access to the account itself in the chartered bank. Instead, I just must commit to depositing say $1K per month in the account. In the app - I can then only sign up for transaction types or vendors that fit within that particular deposit level. They don't raise money for the bank at all. They raise money for the app only. (needs tweaking -- but the seed of what I mean is there) |