al3x

9 ms·

1.
by al3x 11y ago
"Letting a person speak" isn't the only impact of inviting that person to your event, particularly an event that facilitates social gatherings and an ongoing dialogue between its attendees. If we just wanted to exchange infor
2.
by al3x 11y ago
As a friend texted me this morning: "the talk on Urbit could have been dismissed on technical grounds". Perhaps it's interesting to you, but it brings very little that's new to the table in terms of research. Urbit'
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by al3x 11y ago
The political left in America were made enemies of the state during the era of McCarthyism. People's careers and personal lives were ruined during that Red Scare. That is "silencing". That is "limiting speech". Who
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by al3x 11y ago
There were a number of people who voiced their objections on Twitter. It's easy to ask the rhetorical question here, but if you really want an answer, go check out what they said. In particular, people who represent groups that Moldbug
5.
by al3x 14y ago
Sorry, I know it's been a long wait. We hope it'll be worth it.
6.
by al3x 14y ago
So, a couple reasons: 1. Unless you're doing an absolute ton of spending on your rewards credit card, any fees you pay on your credit card probably wipe out any cash you're getting back. If you're not paying fees yourself, merchants or othe
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by al3x 14y ago
"Apple" sounds pretty generic for the name of a computer company :)
8.
by al3x 15y ago
Hi, cofounder of Simple here. Some people are driven to change banks because of interest rates, but those people are not the majority. Most people change banks around major life events: moving, getting married, getting your first job, etc.
9.
by al3x 15y ago
We're not going to aggregate your existing accounts, so no, we may not be right for you. We're also not super interested in getting into white labeling, but it's something we've thought about.
10.
by al3x 15y ago
We've considered it. Not something we're likely to do in the next year, but it's on our radar.
11.
by al3x 15y ago
No, nothing has changed about our mission but our name. Like basically every US bank, we issue a debit card. That card needs to be on one of the card networks. We chose Visa for our cards. What we're issuing is a debit card, not a credit ca
12.
by al3x 15y ago
We've disclosed all of our bank, technology, and processing partners. I don't think we're likely to allow customers to choose which partner bank holds their funds, but we do make that information transparent.
13.
by al3x 15y ago
Hi, cofounder of Simple here. There's a ton about when and how and if we exit that's out of our control, and I wouldn't presume to predict exactly what's going to happen. But, please know that our goal is not to sell out to a big bank. We'r
14.
by al3x 15y ago
Daily ATM withdrawal limits are something we have some freedom to adjust, but ATM owners get to set their own limits as well. We're generally trying to make it easy to make substantial withdrawals purchases and such while still keeping a lo
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by al3x 15y ago
If you're happy with your current bank, you're probably not our target customer. I think we're doing some stuff that's pretty different in terms of making your financial data easy to explore and helping you meet savings goals and automatica
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by al3x 15y ago
We've explained in our FAQ why we don't do this currently: https://www.simple.com/faq/ Basically, reimbursing ATM fees is an illusion. They charge you over here and reimburse you over there. No net win for most consumers, unfortunately.
17.
by al3x 15y ago
There's a couple of outcomes I can see: 1. We just aren't the right banking service for you. 2. We find out that a lot of people are interested in rewards programs, and we come up with a really compelling one. We've addressed that briefly i
18.
by al3x 15y ago
The actual process of opening an account with us at least as straightforward as opening an account with a traditional bank, if not a bit simpler.
19.
by al3x 15y ago
The financial system is inherently complicated. Having an account with a traditional bank is no guarantee that your financial life will be free of intermediaries. Banks outsource everything from IT to customer support to marketing and fraud
20.
by al3x 15y ago
Hi, cofounder of Simple here. Do you have data on banks increasing fees to combat the expense of "cyber-theft"? That's a new one to me. Banks have mostly been raising fees because new legislation in the US has cut into their interchange rev
21.
by al3x 15y ago
Hi, cofounder of Simple here. This is a good point. We think there's a difference between "simple" and "stark" or "minimalist". Our goal is to create an experience that's inviting, explorable, and clear. That doesn't necessarily mean doing
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by al3x 15y ago
You will receive interest. In fact, we automatically move your money around behind the scenes so you earn as much interest as possible. I don't know when we'll start publishing our interest rates, but we have some additional info about inte
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by al3x 15y ago
Hi, cofounder of Simple here. We're in the same position that your current bank is in when it comes to fraud and theft: we're insured for it, and we follow industry-standard practices when something bad happens. Most likely, what would happ
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by al3x 15y ago
If you bank with us, you're money resides in an FDIC-insured bank account. You have the account and routing numbers and can transfer funds in or out at any time. We try to make banking anything but "scary" :)
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by al3x 15y ago
Noted.
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by al3x 15y ago
Hi, cofounder of Simple here. Most banks do use "glorified IT systems". Very few of them develop their technology in-house. Think about it this way: you can have a bank that buys their technology from another company, or you can have a tech
27.
by al3x 15y ago
There's a whole bunch of problems we're solving. More, really, than fits in an HN comment. You're right that user experience is a primary concern for us. The interface that most people have their financial data is extremely poor. This makes
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by al3x 15y ago
Hi, cofounder of Simple here. We require a smartphone for more than just mobile check deposit. We want people to have our app installed so we can use it for multifactor authentication, for example. We also want to do rich push notifications
29.
by al3x 15y ago
Nope, sorry ;)
30.
by al3x 15y ago
None taken. "Simple" is a generic term, and it's up to us to build it into a strong brand over time.

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