A "low frequency" stock exchange where trading is handled similar to mutual funds, i.e. all orders submitted throughout the day will fill at the closing price at the end of the day.

Benefits:
- No bid/ask spread means lower transaction costs
- No adverse selection of limit orders only getting filled when the market moves against you
- No HFT firms front-running your orders
- Can own fractional shares

One problem I could see is people manipulating the closing price. Steps to prevent this could include limiting the exchange to only small retail investors (or simply ban users who repeatedly trade stocks that show signs of manipulation), or using a weighted average of a stock's price for that day to calculate the fill price. The other problem is liquidity - how do you ensure orders get filled reliably? Would the standard maker-taker fee model work, or would market makers not want to participate since the low frequency and lack of bid/ask spread would kill their profits?

Just seems like too many (powerful) people would stand to lose too much money with that idea. But I've long thought of a similar environment that helped put everyone on more even footing in the markets.

Hi, first time posting on this thread.

I'm planning to set up with a friend a peer-to-peer currency transfer service in Asia. You may have heard of companies like Transferwise, Weswap, Kantox etc. Transferring money to a foreign currency via a bank or a broker is expensive due to spreads you pay in the FX market. P2P currency transfer works by matching the opposite transaction so no currency ever leaves the country but merely is exchanged between users, thus fees can be saved.

The idea is not special as many start ups have already been doing it and transferring big volumes. However I think there is a niche and the need is even more apparent in local Asian markets as the FX market for conversion of one exotic currency to another exotic currency is less liquid and banks charge more spreads.

Potential users could be:
- SME businessmen with regional exposure moving small sums of money (banks will be more competitive when it comes to large sums)
- High net worth investors in less developed countries like Indonesia and Philippines investing property in Hong Kong or Singapore and pays mortgage in foreign currency
- Domestic workers sending money home
- Travelling and vacation around the region

Different users require different needs. As the platform is more developed, the plan is to add more currencies as well as adding alternative delivery mechanism i.e. foreign currency can be paid into bank account, mail cheque order, directly into debit card etc. We plan to initially start with one currency pair with two way volume and limiting the transaction size, and slowly expanding our way to more currencies and size.

Please leave your thoughts behind and criticise away!

you mean like a market on close order?

It is near impossible to move any meaningful amount of money on an asymmetric currency pair without going through standard channels.

I have an idea of a camp for rich people with nothing but cabins, wood to chop, hiking, etc. and stuff to read. Real books, no newspapers or trash magazines either. No devices period. No phones. The manager has a phone in case of emergency from the outside world. They sign up for a certain amount of time. They can leave early but if they do they have to pay triple or something.

If I could get the time off work I'd jump at that. I could try to enforce it on myself but I think I'd last about 2 hours.

decent idea but probably more profitable to just invent a time machine

Actually this already exists. https://www.youtube.com/watch?v=G9IswwrDj2s

Lol I don't want to "re-explore play" with a bunch of digitally-saturated professionals. Gross. I might as well get naked, beat my war drum and cry about my father with a bunch of men's movement morons.

I want to go hiking, stare at trees and read books, and maybe have a low-key conversation with a fellow camper or employee if I feel like it.

There should be an easy way to "tip" people and I'm not just referring to the typical jobs that usually receive tips.

There's been so many times where I'm at a fast food joint, clothing store, or grocery store and the cashier/clerk has done an amazing job at providing A+ service with a smile. Most of these jobs are ****ty minimum wage jobs. I'm sure most of you guys can relate what a big difference it is to deal with a rude/indifferent employee vs a good employee who take pride in their job and gives it 100% effort. A bad experience can ruin your day.

Maybe a phone app and everyone has a QR code or ID number or a yelp with employee ratings and option to tip. I'm not sure what the best solution is, but I don't really see the downside to having something like this if it's done well. Doesn't seem that hard to implement either.

Man, people have been trying to solve the "tip" problem with technology for at least a decade. Same thing applies to things like micro-payments for online content (Blendle) and even homeless donations (handup.org, although moving to more of a donorschoose-style model).

I think there's definitely something there since so many people have thought about it, but no way I'm going to be able to know what is or isn't the right solution for it.

good old fashion CASH sounds like what you're looking for.

procoin - a crypto endorsed by professional athletes from around the world.

Can anyone think of an untapped market in home services? 02E brands (1800gotjunk) has expanding into home painting, moving, and house detailing.

Should satisfy these requirements: fairly easy to understand (i.e, no 4 month contracting projects), good margins, easy onboarding and training, and can operate in every major metropolis in North America (i.e no snow removal).

House Cleaning Service that requires employees to wear a camera and upload videos of the house they clean after they clean each house directly to somewhere only the owner of the house can access it. Use an app like Handlr to facilitate the business and avoid cash changing hands. Charge a premium for service.

Are wealthy people that paranoid that they would be willing to pay a premium for such a service?

Or do you think most would be customers already have security cameras in their homes?
I would guess no, but what do you think?

I feel like this thread needs a bump.

Very few would pay a significant premium, and nobody wants to work in an environment where they feel like they're literally being watched constantly. Definitely a worthless idea.

Build an app like uber that directly connects mechanics and owners to cut out dealer markups?

I lol'd.

This is where that thread was supposed to go yeah. He should have read this entire thread first as well.

Not to continue to chide the uber-mechanic fellow, but in his first thread he mentioned he had "the next uber" on his hands.

In his next thread when he revealed the uber-mechanic app I almost spit out my choccy milk.

Its Christmas time, and I keep getting relatives asking me what to buy my children. My man-cave's already been taken over with American doll detritus and the lego's overflowed the table and now resides throughout the family room.

Here in Canada we have registered education savings plans (RESP) - for example, deposit $1000 into them, and the government will put in $200 (20% matching I believe), with a max. contribution of $2000/year.

I think there's a market for a service - offered for example by a bank that I have my kid's RESP in - that would allow me to give someone asking what to buy them a code/website/qr code/whatever that would let them directly deposit to their account.

You can't answer the 'what should I get little Julia?' question with "Money", but it may be more socially acceptable to say "Here's the code if you feel like contributing to her college fund." The bank could even let the depositor create a Holiday card and send it to the child.

Not sure if this is a good idea, or if I'm still seething after stepping on a lego man.

My idea is a worker rental service in europe for young people lets say ages 18-25.
Lets say you just finished high school and you are thinking of taking a year off, and go work abroad, there are work and travel programs in europe to go to australia, canada and the US, but i havent see anything in europe like im thinking of. Instead of 1 country you go to 3-6, you work lets say 2 months in one country then go to the next one and so on. The company partners with alot of easy job(that you can learn in a day) offering companies.
And we get a hourly fee, maybe 10%.

This is already done by billion-dollar-firms like Adecco and Randstad, how does the travelling student angle help?

I think parents might like this but not so sure about the kids and relatives. Imagine giving your 12 year old nephew a contribution to his college fund while he's getting cash and video games from other relatives- seems like it might be roughly on par with "a tree has been planted in your name"-type gifts from a kid's perspective.

I know people who give savings bonds to kids, but not as birthday or holiday presents, and it often seems more like a gift to the parents than to the kids.

reverse microwave - it makes things cold instead of hot. plz dont steal