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← All postings · November 2022 thread
Job posting (auto-parsed — see raw text)
| Location | — |
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| Salary | — |
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| Apply via | See posting |
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| Hiring notes | — |
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| Posted by | tootie |
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| Posted | Nov 1, 2022 |
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| Source | View on Hacker News ↗ |
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Original posting
I know this thread isn't for people to poke your business plan but this one really makes no sense. The crypto aspect doesn't seem to be relevant. You're using USD to buy US treasuries and keeping the dividends to distribute via GiveDirectly. What is the crypto even doing? This is just a mutual fund with more steps. You're trying to raise $9.2T to give to GiveDirectly. An utterly implausible goal. You make it sound like Glo is doing some kind of work but it's just obscuring that you're asking people to donate interest they could be accruing for themselves. This is still 100% dependent on US fiscal and monetary policy.