1,417 karma · joined November 22, 2020
Just like American subway, or airfare, or greyhound buses, or even healthcare: at a high, advertised price, it gives you a standard, but miserable, bare minimum, and unsustainable way of living, and pushing you to pay for a high premium to upgrade to make it bearable, at a price a lot of people can’t afford. It’s why Apple is an American company at heart.
Europe doesn’t do that.
However, I spent significant amounts of time using Arch Linux. Compared to stable released Ubuntu etc., I like opportunity to jump on bugs in open source packages and fix them, they have taught me a lot. Using open source software but not its bleeding edge version is a missing opportunity I would say.
Usually, transfer is also more difficult with a brokerage than a bank; correct me if I was wrong: a) brokerage follows a previous T+3 settlement, now T+1, some banks offer a faster settlement, especially if Zelle is directly available; and b) while doing international wire, the bank is considered a viable target, but brokerage don't, a broker has to use their account opened at a bank, it could be cheaper, but there is more hassle (e.g., some government would allow this for non-business purpose).
But if you are just parking money, these brokerages offer a much better deal; many even offer to reimburse your ATM cost.
On another note, I feel it would be good if it could be used in combination with S3-based storage so one can use it to manage his/her online photo/image collection. Previously, this kind of app was typically a web app.