A fundamental insight about finance: Suppose the bank has $250k and you want to buy a house costing that. The bank, by convincing you to take out a mortgage, ends the day *materially* better off than it started, because your promise to repay is worth *a lot* more than $250k.
That instrument does not presently exist but it’s plausibly one YC company away from existing, and if it existed it would very clearly have a market clearing price more than $1k and less than $1M that various parties would have reason to value differently.
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Sounds like something Stripe would want to do.
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but stripe is retail. Patrick is suggesting market opportunity for a higher layer of abstraction
End of conversation
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