mikeschmatz
mikeschmatz on Hacker News
Posted by
mikeschmatz on Monday May 09, 2022 @08:46PM
from the ask-hn dept.
Was approached by a small startup valued at $1B. <100 employees, pre-market, early beta product.Other than expensive stock options, any other reasons to be concerned about such unusually high valuation?Thanks!
It already exists -> The stock market.
It was my conclusion as well. I only found async useful in situations when a service has to deal with a large number of incoming requests, e.g. web server
I say you dodged a bullet. Imagine working under this person.
> Anyway, this is much longer than I meant, but my conclusion is that I'll continue to use async/await for web apps and REST APIs (because, why not), but for services, I'm going back to the threadpool, green threads and synchronization primitives, and only using async/await in a limited way where it provides clear value - not async all the way down from the entrypoint.
AFAIK, .Net doesn't support "green threads" and they repeatedly confirmed that there are no future plans to do so. Additionally, M:N threading model has serious interop issues as evident in Go, which is a no-go for system languages. Personally, I don't see a need for green threads since kernel threads are fast enough and don't use that much RAM as people tend to believe. And when they are not, sure, go async/await.
Rust is a complete pain for the types of problems Python is used for. Same for Go/Java.
Borland C++ and Turbo Vision were a killer combo back in the DOS times. Borland's decline over the years was painful to watch. I guess that what happens to the engineering driven companies that get overtaken by the MBA types.
You purposely set them very low, then "beat" them and watch stock price go to the moon.
> Because Amazon is comparatively low-margin vs. other tech companies, improved revenue has a much greater effect on earnings.
Are you saying that 10% revenue increase has led to 10x earnings beat? That doesn't make any sense.
Or, they are simply gaming H1B and/or employer-sponsored Green Card application process that requires submitting a proof that they couldn't find a US citizen.
C# with .Net Core seems to fit the bill.
The right term is "entreporn" which what this article really is.
> There’s no actual skill called business. Avoid business schools and magazines.
Proceeds giving a bunch of generic business and life lessons.
> What do you think society would look like in 20 years? My guess is what would happen is we would build robots, machines, software and hardware to do everything. We would all be living in massive abundance.
> We would essentially be retired, in the sense that none of us would have to work for any of the basics. We’d even have robotic nurses. We’d have machine driven hospitals. We’d have self-driving cars. We’d have farms that are 100% automated. We’d have clean energy.
Do we really need to run a thought experiment? Haven't some of it already happened to see the results? Doesn't look that rosy as this guy is describing.
> I tried reasoning with them, that I just wanted to view content and did not attend to write answers or interact etc, plus, they had a valid email address and facebook profile (also fake name on facebook). They fought back "we actually want proof of your real name like a scan of ID". I danced around and did not end up giving them a scan of my id, but I changed it to my real name.
I don't understand why you bothered arguing with them instead, I dunno, creating a new fake account?
Shall we legalize slavery then? Just imagine how many business models would become viable if labor was free
Poor design has nothing to do with generics. If anything they make API cleaner and safer to work with.
How old were you at that time? Did you have to leave any dependents behind?
I did the same thing in my 20's, now, with family and kids, a large change like that would be much harder to pull off.
They have achieved their early goals and found out that they were fakes implanted by the society. Now they are left in a vacuum surrounded by a bunch of responsibilities.
Just to add some color
BREAKING: Author and journalist Maria Konnikova becomes PokerStars Ambassador
https://www.pokerstars.com/en/blog/2018/author-journalist-ma...
> Maria Konnikova was just your ordinary psychologist and New Yorker writer when she began turning up at PokerStars events about 12 months ago.
Yep, anyone can do it, lol
> To conclude, this is just a disguised marketing article for a gambling site, featuring a PR officer of the site. (english translation for "sponsored poker pro")
I was curious about your conclusion since the article doesn't mention anything, but a quick search returned this piece
BREAKING: Author and journalist Maria Konnikova becomes PokerStars Ambassador https://www.pokerstars.com/en/blog/2018/author-journalist-ma...
> 6. The creators of RichCoin, who long ago converted their 1000 Bitcoins to $5,000,000 USD, move to a private island and never work again.
Is it that easy to turn BTC to cash? I heard most exchanges have no way to withdraw real dollars.
> I think the reason this one in particular is doing so well
What makes you think it is doing so well?
> It doesn't really make any sense.
Whether it makes sense to you or not market price manipulation absolutely does work as shown by hundreds of lawsuits filed by SEC every year.
>The order book has a lot of orders in it. This appears to me to be one of the stupidest things anyone could ever try to do. It would move the market, but it's not clear that there's any reason to believe that it would be anything but massively unprofitable.
Given enough cash/coins you can easily manipulate order book (see "wash sales"). Even easier if you are running an unregulated exchange, duh!
The goal of bidding price up is to attract buyers and establish an upward trend, which later you can sell into at a higher price. Works even better when it causes a "short squeeze".
Works in other direction too, obviously. All this is rather pretty basic and also highly illegal in _regulated_ markets.
> A pyramid scheme requires a central actor to run the scheme, Bitcoin has none.
No, once put in motion, a pyramid scheme doesn't require a central actor.
> We don't need to make this general comment on every specific Bitcoin thread.
OK, I'll check with you next time before commenting here.
Bitcoin is just a dressed up pyramid scheme to enrich ones at the top. The lack of oversight and regulation is pretty much a welcome sign for every scammer in the world.
Not sure if there are billions of dollars involved. For all we know, it could be just speculators trading crypto between each other.
I could not find any stats on the amount of fiat flowing in and out of these "exchanges", which, by the way, have zero oversight and tend to disappear every few months or so.
If nothing else blockchain creates tons of entertainment value. Something completely crazy seems to go down every day. It is like a reality show on a criminal channel
Yep, they screwed up big time.
Since BCC doesn't have enough hash power to mine blocks trading/withdrawal would not work anyway.
Yes, if you find a willing buyer to hand you over the cash :-) Until then, both of these dollar figures are pure fantasy.
Related question, is there a way to see inflow/outflow of dollars or any other real-world currency from/to these exchanges?