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ultimatejman

ultimatejman on Hacker News

Re:How many people will you kill? on Monday March 23, 2020 @01:36PM (#22666451)
How is the math done?
Re:$1M+ in Crypto 'hacked' from Ian Banila's Wallets on Monday April 16, 2018 @07:23AM (#16848163)
There is a discussion around if he was hacked, or is doing this to avoid taxes.

Does anyone have any thoughts?

Re:$1M+ in Crypto 'hacked' from Ian Banila's Wallets on Monday April 16, 2018 @07:19AM (#16848142)
Original tweet from him: https://mobile.twitter.com/DiaryofaMadeMan/status/9857909658...
Re:TxHash Bridges the Gap Between Web 2.0 and Blockchain Events on Tuesday February 27, 2018 @12:52PM (#16475959)
I think so too. It will become more and more useful as various blockchains run in parallel, and you want one api.
Re:TxHash Bridges the Gap Between Web 2.0 and Blockchain Events on Tuesday February 27, 2018 @09:23AM (#16473546)
I actually used this to integrate ETH payments into slack notifications
Re:Ask HN: What do you use to test website performance? on Tuesday November 14, 2017 @09:34AM (#15695288)
Always https://developers.google.com/speed/pagespeed/
Re:New Tech Incubators Put Finances First on Tuesday November 14, 2017 @09:33AM (#15695278)
Agree. Focussing on financials pushes a sales first attitude over a raise money attitude which I feel more early-stage startups need.

Doing sales before you have a product is uncomfortable and frustrating at times, but it is the best way to know what to build and for whom you are building.

Re:Budweiser's ex-marketing chief: Weed is the new craft beer on Tuesday November 14, 2017 @07:42AM (#15694514)
He is only thinking about the market here. And if he is looking to make cash then that is always the right way to go. If the wave is getting bigger, the earlier you catch it the better.
Re:Investing in ICOs May Be Even Riskier Than You Realize on Monday November 06, 2017 @02:31PM (#15638266)
I agree with both of you. Yes, it covers what most people in the space already know, but these things must be reiterated to the public. For every ICO hype article, a piece like this should exist.
Re:Ask HN: What are some of the best job boards you have seen (any ind... on Monday July 03, 2017 @09:18AM (#14687992)
It is , but it is also excellent
Re:40% of Android apps expose sensitive back end information on Monday March 13, 2017 @09:48AM (#13857763)
Finance apps?
Re:That'll do, pig, that'll do on Saturday May 14, 2016 @10:31AM (#11696264)
No MVP. No talking to users. No strategy. No surprise they failed.

MVP - build an app with parent login, child login and a points system for chores.

Talk to users (parents) by having chat in the app.

Find how to acquire users cheap, retain them, and make them pay. Go for a bank partnership when it is a compelling business proposition. Banks like money, not startups with no profits and no users.

Re:That'll do, pig, that'll do on Saturday May 14, 2016 @10:24AM (#11696246)
No, this is probably the only thing they did right. Getting early traction is important for many reasons.

- It gives you an opportunity to get early feedback from people interested in your product. If you can get an email you can talk to your users. - It gives you some early KPIs and a limited, but important understanding of acquisition channels. If you can't find any one who is interested in your product as a concept, how will you get users? - It motivates companies to get products out earlier. - It helps when talking to investors to mention that you have 1,000 people on a waiting list.

I agree though, you always need to get the product to market.

Re:That'll do, pig, that'll do on Saturday May 14, 2016 @10:13AM (#11696202)
Company in the uk www.roostermoney.com is this
Re:Make it illegal for a company to require women to wear high heels a... on Friday May 13, 2016 @07:34AM (#11689782)
Exactly
Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds on Friday March 04, 2016 @12:30PM (#11225309)
> I hardly think the UK banks aren't innovators.

I did not say they were not innovative at all. I said they were slow to innovate. This is being proven by the speed at which fintech startups are unbundling banking services into individual products.

Zopa, Nutmeg, Transferwise could have been built by banks. But they were not.

> Instant, Free transfers, including from one bank to another. Even on weekends & holidays.

- Paypal in 1999?

> APIs currently available (under the UK open banking government guidelines)

Yodlee supplies APIs already.

> they already have roughly £15k in the bank from Acq Bank revenue from Mastercard.

Really? Mondo are currently paying for the prepaid cards, and more to load them through the app. This is probably around 2% ? So 20k cost for this? Maybe I am wrong, but I can't see how else the card gets loaded by a free payment.

You are right, the barclays accelerator is great. And similar incubators and schemes are opening up.

I still think it's pretty clear that innovation is coming from the outside.

Re:Startup bank Mondo raised £1m crowdfunding in 96 seconds on Friday March 04, 2016 @09:57AM (#11224094)
This news is important for banking in the UK for the following reasons:

- UK banks are slow to innovate and people (especially younger generation) are getting annoyed. People want a bank that is digitally strong, Mondo's 30k waiting list proves this.

- Banks will become more like platforms. Number26's partnership with TransferWise is an example of this beginning. See Clayton Christensen illustrate this https://youtu.be/oCKZwrfysbM?t=1h19m28s

- The UK is trying to make banking more competitive (last 5 years has had applications for more than 5 new banks, before this there was 1 new bank in 150 years). This policy is working.

What remains to be seen is whether Mondo will make money in the way a traditional bank does.

IMO the biggest challenge for a new banks is customer acquistion, and it looks like Mondo has a pretty good handle on this.

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