bryfb

Excellent illustration. Thank you.

"The yield they wanted to see on this capital" I imagine is some combination of money needed to run operations of the bank, interest paid on the deposits and profit.

They could have just stored the money in the proverbial vault. But if they do that, then they have to charge the depositors a fee to be a customer. And competition has pushed in the other direction.

And probably more importantly that whole "profit" goal.

A $100 in 10 years is just not worth $100 today in the current interest rate environment.

FDIC is funded by premiums from participating banks. Beyond the insured limit, there isn't really a guarantee that the "lost money will come back."

I certainly wouldn't choose LastPass over 1Password, but given 1Password is deprecating local storage I wouldn't recommend 1Password anymore either.

Eventually, and given this funding that time may be now in fact, they'll just build an on-prem version that will probably be wildly expensive.

In that sense it has the same security considerations as other SaaS products.

I'm so tired of this FUD cloudflare throws around. So far, I don't see a single cloudflare product that solves the purported problem without introducing three others that they conveniently don't talk about.

And when the inevitable curation / editorial / policing challenge of running half the internet does knock on their doorstep, they go "well we're not the ones who are supposed to be policing it, but what are you gonna do?!"