Recent submissions

Comment · 6 years ago
What does life cycle orchestration mean?
Comment · 7 years ago
Scientist: "assuming a frictionless sphere in a vacuum... ...we can build a limited but useful model"

Media: "Scientist was wrong because the world is not a vacuum"

Comment · 8 years ago
Comment · 8 years ago
Out of curiosity, why does “not most popular” imply higher chance of “not acquihire”?
Comment · 8 years ago
Is there a downside or trade off? I’m a little skeptical that NEO is strictly better in all aspects.
Comment · 9 years ago
People act under the assumption that the power law is some fundamental property of the universe. But it seems the 10x effect exist partly due to network-effects, and partly due to a minimum barrier requirement for liquidity. It's economically infeasible to support mini-size IPOs because the fixed overhead cost of regulation, auditing, legal work, and underwriting is too high.

With all the stigma associated with ICOs, lower barrier to liquidity may be a good thing overall. The power law phenomenon incentivize entrepreneurs to take excessive risks and force VCs to adopt extreme portfolio management strategies.

Comment · 9 years ago
It sounds like the key difference from the typical ICO page is the promise of a 13 fold return.

I'm curious to see how they managed to phrase the promise, but it seem to have been removed from the page.

Comment · 9 years ago
There's the greater fools theory. People are happy to spend $100k on something that they believe they can turn around and resell for $150k in a month.

There's also an anchor effect from loss aversion. If I bought a crypto-cat for 1 Ether, and then Ether price increase by 300%, I might refuse to sell the crypto-cat for less than 1 Ether, even though there's no intrinsic reason for my cat to appreciate at the same rate as the base currency.

Comment · 9 years ago
The chart and the depth graph looks great, how did you build those?
Comment · 9 years ago
> (Bluegogo) holds tens or even hundreds of millions of dollars in deposits from its approximate 15 million users, which many now fear cannot be refunded.

These guys took millions from users in the form of deposits.

Comment · 9 years ago
So this takes 15% fee vs 30% for Coinhive. With almost non-existant barrier to entry, it seems like commission would be driven down to what traditional mining pool cuts (1% or less)
Comment · 9 years ago
"In the real world, “market cap” is based on a claim on a company’s assets and future cash flows."

Is that true? I thought even in the real world, market cap simply meant price_per_share * num_shares_in_circulation.

Comment · 9 years ago
A few reasons I can think of:

Financially, having the option to do X has a certain value, even if on average X isn't valuable. (If X has volatility)

Startups has a certain risk characteristic that is different that what you can find on the public equity market. Theoretically, an efficient market should dish out higher reward to compensate for higher risk and poor liquidity of investing in startups. It may be beneficial to individuals to use startups to diversify their overall portfolio.

Startups in general might not be a great investment. The subset of all YC startups might be.

Researching and investing in startups is fun and educational.

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