AlwaysBCoding

7 ms·

1.
by AlwaysBCoding 2y ago
you are issued equity in the form of stock options. Stock options give you the opportunity to buy stock in the company at a specific "strike price" enshrined as the fair market value of the company when you sign your offer letter.
2.
by AlwaysBCoding 2y ago
This isn't true. Company executives don't owe a fiduciary duty to employees or holders of stock options in a company, they only owe a fiduciary duty to concrete shareholders. There are a lot of founders of less than high moral cha
3.
by AlwaysBCoding 2y ago
what happens if the founders subsequently run the company into the ground, having personally enriched themselves off their employees work, who they then destroyed the upside for? should the employees have a legal claim against the money tha
4.
by AlwaysBCoding 2y ago
It's also wrong because it's not the founders work in isolation that is providing the liquidity opportunity in the first place. The entire purpose of a joint-stock company is to align incentives for all shareholders to benefit fro
5.
by AlwaysBCoding 2y ago
you don't need the same voting rights, for example
6.
by AlwaysBCoding 2y ago
I'm not sure if you even need the same class of stock as it is needing some assurance of the same liquidity rights as founders. If the company charter ensured that any secondary liquidity event would have equal participation between sh
7.
by AlwaysBCoding 2y ago
The company is Phantom, and the VCs are Paradigm.
8.
by AlwaysBCoding 2y ago
The situation I recently went through reads like a horror story: > was the founding engineer at a startup, essentially do co-founder work for 18 months getting the company off the ground. > company is a breakout success, raises a larg
9.
by AlwaysBCoding 3y ago
Another fun fact re: Dustin Moskovitz Dustin was an early investor in Alameda Research and was also one of the biggest donors to Mind the Gap -- Sam's mom's Super PAC. When SBF was about to go under Dustin was his first call to tr
10.
by AlwaysBCoding 4y ago
I second everyone saying the paywall is the actual problem. I used to write on Medium a lot because it was a simple way to blog and share essays with a minimalist UI. Now it just feels like a clown product because you have a paywall between
11.
by AlwaysBCoding 4y ago
because the hiring process is on autopilot and the leadership of the company has already exited / checked out so they're not incentivized to care or be in the weeds enough to preemptively put a stop to it.
12.
by AlwaysBCoding 4y ago
pretty sure i pumped and dumped some coins on bitrex back in the day.
13.
by AlwaysBCoding 5y ago
You can export the chaindata at any time and run geth on another OS, AWS is just a convenience because it's easy to spin up and easy to devops. It costs $300/month to run, I'm using it in production and it works great so far.
14.
by AlwaysBCoding 5y ago
AWS offers a hosted Ethereum node service now. It's pretty simple to set up. I would be glad to walk you through it for $1,000.
15.
by AlwaysBCoding 6y ago
A good article by Vitalik Buterin, the creator of Ethereum, on "credible neutrality" as a guiding principle for the protocol: https://nakamoto.com/credible-neutrality/ Twitter has long lost credible neutralit
16.
by AlwaysBCoding 6y ago
1. Money Laundering: If you made money from a pump and dump or something otherwise nefarious that you want to convert back to USD and explain away, a good way is to mint digital art and sell it to yourself. Then when you report it to the IR
17.
by AlwaysBCoding 6y ago
It's only an anecdote but I used to buy Adderall on Libertas, which was a Monero-only drug market, seemed to work pretty well and solved a real world problem for me.
18.
by AlwaysBCoding 6y ago
this sounds cool, do you have a video of it somewhere?
19.
by AlwaysBCoding 6y ago
I always got the sense that Mao's genocides are more visceral in the West because of the large Chinese immigrant population that lives in the US.
20.
by AlwaysBCoding 6y ago
Something I find interesting is that they're adding built-in entropy to this update. You will now be able to set the probability that a MIDI note will fire in a melody. Or set a range of probabilities for the velocity value of a MIDI n
21.
by AlwaysBCoding 6y ago
I think there's a fairly common story that goes like: two people, founders, spend a few months hacking on an idea together, without getting paid, build a functional MVP, run a beta, get positive feedback from beta users, maybe start ma
22.
by AlwaysBCoding 6y ago
that's a great reading list, thank you for doing this.
23.
by AlwaysBCoding 6y ago
I used to make MIDI maps of songs in Ableton and then record myself singing along to it. The I would use the "convert audio melody to MIDI" command and get a MIDI map of my audio recording and overlay it with what the song should
24.
by AlwaysBCoding 6y ago
Possibly unrelated but I would pay $ for a one-click earnings call app. Type in a stock ticker, get the most recent earnings call in an audio player in one second.
25.
by AlwaysBCoding 6y ago
I've hung out a bunch at Twitter's offices (in both SF and NYC). It's pretty eye-opening and a good lens into why Twitter the company is so fucked up. The vibe that comes off is more of a social hangout club than a serious te
26.
by AlwaysBCoding 6y ago
would you hire a sculptor by asking them a random trivia question about the birthday of an Italian architect? FANG would.
27.
by AlwaysBCoding 6y ago
ask them what they've built in the past and start digging in from there.
28.
by AlwaysBCoding 6y ago
^ Trump Derangement Syndrome.
29.
by AlwaysBCoding 7y ago
The model of precision and correctness being opposing forces that increase in strength the more you hone in on one is useful for me and something that I had never put into words before.
30.
by AlwaysBCoding 7y ago
what even is cheating on an algorithm problem? looking up an answer online? asking someone in your social network to help you work through the problem? because that's what you actually do in the real world. as long as you can explain &

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