CyrusL
Re:OpenSea valued at $13.3B in new round of venture funding
on Tuesday January 04, 2022 @10:46PM (#29804867)
Yeah, one employee swindled about $50k. He was immediately let go. OpenSea does $200m/day in volume. So about 20 seconds of their tx volume (not 100% sure I'm doing the math right).
Re:OpenSea valued at $13.3B in new round of venture funding
on Tuesday January 04, 2022 @10:31PM (#29804753)
lol, the conspiracy theories keep getting wilder. So it's OpenSea wash trading or their users? Pretty hard to do with a 2.5% loss on every transaction.
Re:OpenSea valued at $13.3B in new round of venture funding
on Tuesday January 04, 2022 @10:27PM (#29804711)
https://dune.xyz/rchen8/opensea
Yeah, this valuation is easily justifiable. First chart is OpenSea's monthly transaction volume. Multiply by 0.025 to calculate OpenSea's take.
Re:Sources: OpenSea Eyes $13B Valuation
on Tuesday January 04, 2022 @03:17PM (#29799777)
That's correct
Re:Lets talk about how NFTs are a giant scam
on Wednesday October 13, 2021 @07:28AM (#28850874)
The implementation is usually cryptographically signing a message from the account that owns the NFT.
Re:Lets talk about how NFTs are a giant scam
on Wednesday October 13, 2021 @07:25AM (#28850858)
Hi, I’m an NFT collector. A bunch of my friends are too.
Re:'Concerned Citizen'at Theranos CEO Elizabeth Holmes Trial Turns Out...
on Tuesday September 14, 2021 @08:44PM (#28533605)
Theranos was not a Silicon Valley darling. I don't think there were any big SV venture funds involved. It was people like Ruport Murdoch, Henry Kissinger, George Shultz, and James Mattis investing and sitting on the board.
Nope, only a couple hundred bucks: https://shortnames.com/llll . Two-letter .coms are often sold in the high 6 and low 7 figures.
Re:“35-50% of clicks on Reddit Ads are fraudulent”
on Friday October 09, 2020 @08:26PM (#24735744)
For the clickbait content ads on Taboola and Outbrain, the strategy is ad arbitrage. The landing page is probably broken up into a slide show with many pages. The goal is to get the user to go through 30 pages (misclicking a few ads along the way) and monetize as more revenue than the cost of their visit. There are other monetization strategies for other types of ads on Taboola and Outbrain.
Escaping the Dark Forest
Re:Launch HN: Stacks (YC S14) – The first SEC-qualified crypto token o...
on Thursday July 11, 2019 @03:51PM (#20415117)
The idea is that the tokens won't be securities in the future. A security can eventually become a non-security.
Re:Cameo raises $50M to deliver personalized messages from celebrities...
on Tuesday June 25, 2019 @01:58PM (#20276953)
In my experience as a Cameo customer, the videos are received very well as a gag gift. "OMG, I can't believe you got them to make me a video!"
To me, the open question is if the novelty factor will wear off. I don't think I would ever get the same person a second Cameo. I'm not even sure if I would keep buying Cameos if the service was well-known. A big part of the gag is "How did you pull that off?!" Maybe there are enough birthdays that it just doesn't matter.
Re:0x Launch Kit – Launch your own cryptocurrency exchange or marketplace
on Wednesday May 29, 2019 @01:37PM (#20043051)
We pronounce 0x as “zero-ex,” but you are free to pronounce it however you please. https://0x.org/faq
How to Succeed with a Startup [video]
Re:Coinbase Is Exploring Cardano, BAT, Stellar Lumens, Zcash, and 0x
on Friday July 13, 2018 @06:25PM (#17527391)
"In evaluating these assets for exploration, we relied as much as possible on the criteria in our published Digital Asset Framework, but found that many of the criteria required communication with external parties to fully evaluate."
https://pro.coinbase.com/static/digital-asset-framework-2017...
Re:Boosted Boards founders launch heavy-duty scooter renter Skip
on Friday May 18, 2018 @03:59PM (#17104527)
I remember Boosted's mission from the beginning being something like "improving last-mile personal transportation." My hunch is that the electric skateboard market is bigger than they expected so the company just keeps growing with one product category.
Universal Decentralized App Store
Re:Congrats Dropbox
on Friday March 23, 2018 @12:03PM (#16659446)
The original idea was to make a summer camp alternative for students so that they didn't have to be interns at big tech companies. I think YC was first called "Summer Founders Program."
Funding a company that IPOs is pretty wild when you think about it in that context.
Re:Why Is It Taking 20 Minutes to Mine This Bitcoin Block?
on Monday February 26, 2018 @05:03PM (#16469386)
"Assume a hashrate and difficulty corresponding to 1 block per 10 minutes. If I uniformly randomly pick a point in time, what is the expected time between the previous block and the next block?"
Why Is It Taking 20 Minutes to Mine This Bitcoin Block?
Re:YC Series A Program
on Thursday January 25, 2018 @02:49PM (#16233964)
For people who don't read the article and jump straight to the comments: YC is not leading Series A rounds.
YC is creating a program to help improve outcomes for portfolio companies that go on to raise a Series A from other VCs.
Re:Buy, sell, send and receive Bitcoin Cash on Coinbase
on Tuesday December 19, 2017 @09:44PM (#15966586)
I don't agree with the stock split comparisons.
Bitcoin Cash is not something that existed inside Bitcoin and was then spun out. It's more like a new company was formed and it's cap table was initialized as a copy of another pre-existing company.
I think there just isn't any precedent for the concept of "forking" and how the internal revenue code applies to it.
Re:Buy, sell, send and receive Bitcoin Cash on Coinbase
on Tuesday December 19, 2017 @09:35PM (#15966552)
My understanding is that there is no consensus expert opinion on this.
Re:Buy, sell, send and receive Bitcoin Cash on Coinbase
on Tuesday December 19, 2017 @08:05PM (#15966059)
The commenter you're replying to is saying that he "was wondering." My reading of his comment is that earlier today he was wondering why Bitcoin Cash was up so much (prior to the Coinbase announcement).
Now the price action makes sense. There were insiders who knew today was the day that Bitcoin Cash was coming to Coinbase and the price was up on that info. It's really a comment on the nature of unregulated crypto markets and insider trading.
Re:The SEC has charged two initial coin offerings with defrauding inve...
on Saturday September 30, 2017 @12:29PM (#15373614)
Filecoin did their ICO by the book. The biggest constraint is that the purchasers need to be accredited investors.
Re:SAFEs are not bad for entrepreneurs
on Tuesday July 11, 2017 @02:33PM (#14746729)
Nope, a note has interest and a SAFE doesn't.
CRISPR Knockout Guide Designer
Re:Tanium is facing employee unrest and an executive exodus
on Thursday April 13, 2017 @11:01PM (#14112450)
There is no stock transfer or fees associated with the typical startup vesting schedule in the US. It's just written as an algorithm in legal documents like "...one fourth of which will vest after twelve months and blah blah blah..." The exercising is more paperwork on top of the vesting.
Re:Navigating Mid-Success
on Monday January 30, 2017 @12:33PM (#13523176)
I don't think the article is about founders needing reassurance or emotional support. It's advice for founders to navigate the dynamic with investors that are pushing them to go for a bigger outcome.