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A comment on Stripe can make automatic LLCs but a wire transfer from Citi nearly ended me. Parent comment

Re:Stripe can make automatic LLCs but a wire transfer from C... by toomuchtodo on Tuesday January 14, 2020 @04:37PM (#22049496)
Knowing helps calibrate your expectations so they’re realistic. Stripe can perform magic because they’re a very small piece of the entire puzzle, the banking sector can’t because of the very same decrepit financial infra foundations.

Disclaimer: I work in financial services. If you want the plumbing fixed, lean on the Fed and the banking industry as a whole through Congress. You’re delusional if you think you can fix this with a startup (see: BankSimple and Standard Treasury). The industry inertia is overwhelming.

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Re:Stripe can make automatic LLCs but a wire transfer from C... by barry-cotter on Tuesday January 14, 2020 @07:27PM (#22050665)
> If you want the plumbing fixed, lean on the Fed and the banking industry as a whole through Congress.

Easier and faster to just give up preemptively.

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Re:Stripe can make automatic LLCs but a wire transfer from C... by toomuchtodo on Tuesday January 14, 2020 @09:38PM (#22051327)
Yeah! But the work worth doing is never easy, nor fast to get done. Not the best attitude to have Barry!
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Re:Stripe can make automatic LLCs but a wire transfer from C... by rhizome on Tuesday January 14, 2020 @04:48PM (#22049581)
How do unrealistic expectations take root, could it be the gap between reality and advertising? That said, they weren't saying that the knowledge can't help.
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Re:Stripe can make automatic LLCs but a wire transfer from C... by avianlyric on Tuesday January 14, 2020 @05:01PM (#22049691)
Difference between only experiencing the 99% happy path, and experiencing the 1% extremely unhappy path.
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