I feel like every time someone has ever written a phrase like this (from @matt_levine's newsletter) they get surprised at how creative people can get with e.g. for loops and Maliciously Compliant Capital MMCCXVII, LLC. 
@matt_levine "You couldn't found a company with a for loop, though."
I mean, I work for a company which founds a lot of companies and keeps its nose very clean, so I would absolutely never do that and never provide legal advice to someone to attempt doing that clearly possible thing.
I mean, I work for a company which founds a lot of companies and keeps its nose very clean, so I would absolutely never do that and never provide legal advice to someone to attempt doing that clearly possible thing.
@matt_levine The classic example of this, by the way, is "Verify this bank account with microdeposits."
I have read ~3 accounts over the years, on the public internet, of how companies did not model "We'll send you two deposits of between 1 and 99 cents; tell us the numbers" as abusable.
I have read ~3 accounts over the years, on the public internet, of how companies did not model "We'll send you two deposits of between 1 and 99 cents; tell us the numbers" as abusable.
@matt_levine Do not ship microdeposits without rate limiting and/or sweeping the microdeposit back. It can end very poorly for you.
@matt_levine (Incidentally, the impact there to the financial institution is ~0% "Oof, we just ate a $50k operational loss" and ~100% "There are now 50 people involved with discussions about our KYC policies with four external stakeholders who are Decisively Not Thrilled.")
