Re:Payday loans are coming for everyone
by kozhevnikov on Wednesday September 19, 2018 @01:21PM
(#18025861)
"If it hurts, do it more often"
[ Parent
| on HN ]
Re:Payday loans are coming for everyone
by jerf on Wednesday September 19, 2018 @01:44PM
(#18026079)
That works when the pain is something you can fix, and the cost of experimenting isn't too high. I'm not sure government bureaucracy meets that description, and experimenting can become very expensive if you screw up and the Eye of Sauron turns upon you and starts auditing.
Re:Payday loans are coming for everyone
by coldtea on Wednesday September 19, 2018 @01:53PM
(#18026170)
In code you write, not in real deployments where it can cost you millions.
Re:Payday loans are coming for everyone
by r00fus on Wednesday September 19, 2018 @02:19PM
(#18026412)
The cost/benefit doesn't pan out. We're not talking about exercise here, we're talking about regulatory liabilities for any mistakes being very potentially costly.
Re:Payday loans are coming for everyone
by poulsbohemian on Wednesday September 19, 2018 @01:45PM
(#18026095)
I love the spirit of this, but there are so many industries where it would be nearly impossible to pay daily or even weekly. The administrative overhead would be huge and costs to customers would go up to accommodate. I'm thinking about my own past experiences, where trying to automate away (the only solution here to more frequent billing + payroll) would be tremendously challenging and industry / company specific.