fro0116

Yeah, Mercury's going to have to up their game if they want to stay relevant. I remember my disappointment when I found out I had to park 250k in a 0-yield checking account to qualify for the 1.5% yield on a savings account that can only do something like 5 transfers a month, making it a complete non-starter for running a real business. It felt like they're playing all the same old tricks on us as the incumbent banks, just with a prettier UI.

This new Brex account with 0 fees and 1.6% yield on the entire deposit with no transaction limits feels like a breath of fresh air in comparison.

I wouldn't be so sure, there was the rather plausible speculation that the 3% from Robinhood was a loss leader that wasn't meant to last long, in order to drum up hype for the launch. They could very well have been planning to earn the fed rate and fronting the difference for a period of time and then bait & switching (and/or introducing some premium plan to make up the difference).

Also, money market funds, which are generally considered cash-equivalents, don't usually yield north 3% either afaik, and I can imagine putting customers deposits in riskier higher yielding investments could have also have ran foul of banking regulations.

Brex is using neither of these strategies here as far as I can tell, and they're providing a decent amount of transparency into how the funds are going to be handled, so it should be fairly easy for regulators to review. If regulators do take issue with their strategy, I suspect we'll probably hear about it in the news soon enough. In the mean time, it's still an early access product, so it's not like we can use it immediately anyways (I'll definitely be signing up though).

From the first sentence under the "What are securities" section:

> SIPC protects stocks, bonds, Treasury securities, certificates of deposit, mutual funds, money market mutual funds and certain other investments as "securities."

Surely I can't be the only one irked by the fact that they're bringing the concept of "copies" and "borrowing" to what are just bytes sitting on hard drives that can be copied and transmitted at 0 marginal cost?

I agree that it's a better user experience than the non-digital alternative, but I'd like to see digital books at libraries be available for free to anyone who wants it at any time, without any arbitrary restrictions whatsoever.

From the deafening silence I'm going to take the less charitable interpretation that it's meant to enable Cloudflare to essentially sell Warp users' IPs to Cloudflare customers as an added perk.

I wished on more than 1 occasion that I could just use one of my ZeroTier nodes in other locations as an exit node and tunnel traffic through it though.

I think that might already be possible but it'd be nice if the configuration was abstracted away behind some simple interface.

That'd allow it to replace Wireguard and Mullvad for me as I mostly use it as a means to bypass georestrictions.

Wow... this is actually quite tempting for $595!

Are there any limits to how much you can make use of this offer or the kinds of spaces available?

_Surely_ they won't let you just camp an entire private office in SF all year round when it's supposed to cost upwards of $1000 per month?

Most successful companies do both. Listening to your users is of course important, but it can't be a wholesale replacement for data driven aggregate behavior analysis because people have their own biases can forget things (and sometimes lie) and individual feedback can't be easily generalized to your entire population of users past a certain scale.

That explains why everybody puts up with it. It doesn't explain why a startup like Mercury can't come along and shake up the status quo by not nickle and diming their customers like the greedy fucks that are the incumbents.

Missed opportunity IMO.

Interested in learning more. Could you provide some sources on why Qualcomm Atheros is "Tier 1"?