Re:Simple Personal Finance Tracking with GnuCash
by vasergen on Wednesday May 20, 2020 @01:58AM
(#23243706)
There is software provided by TPP (third party provider) that acts as a middle man between user and bank. User just "connect" all banks, and then TPP can retrieve the data using differen sources
Re:Simple Personal Finance Tracking with GnuCash
by vimslayer on Tuesday May 19, 2020 @08:33PM
(#23242051)
> automatic fines if the api is not up to spec
Fines As A Service?
Re:Simple Personal Finance Tracking with GnuCash
by safog on Tuesday May 19, 2020 @10:00PM
(#23242537)
> Then do salaries and taxes by the second and split off tax payments right where the transaction happens.
ACH literally takes O(days) to move a few bytes of data from one bank account to another and the system simply stops working evenings and weekends, so this is a bit much :)
If / when BTC and LN become ubiquitous, you can probably achieve this without much effort.
Re:Simple Personal Finance Tracking with GnuCash
by 6510 on Tuesday May 19, 2020 @10:25PM
(#23242680)
Slow banks would still be a thing, they just cant (be allowed to) process these transactions.
Also, the bytes don't really have to flow from A to B. The payload is much to predicable. For 8 hours money flows into the account and flows out of the other account at a fixed rate. A daily or weekly validation would be enough. (with automatic fines for not updating the work schedule)
I would like to see a complete log of every purchase made like my bank keeps only with much more detail, each bill broken down to well described products with pictures, serial numbers and manuals. As that involves sensitive data we would have to think of some way to wrap it.
I also want tax office to have real time access to a relevant sub set. One administration with every purchase in the country and ever hour worked.
Then do salaries and taxes by the second and split off tax payments right where the transaction happens.
Might as well aggregate everything for sale into one giant government web store.
If everything is made insanely convenient it doesn't matter what it costs. No more sloppy fuzzy business but everything by spec.
I wonder how many people want to start a business but are simply to terrified by the paperwork.