CyrusL

4 ms·

1.
by CyrusL 5y ago
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).
2.
by CyrusL 5y ago
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.
3.
by CyrusL 5y ago
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.
4.
by CyrusL 5y ago
That's correct
5.
by CyrusL 5y ago
The implementation is usually cryptographically signing a message from the account that owns the NFT.
6.
by CyrusL 5y ago
Hi, I’m an NFT collector. A bunch of my friends are too.
7.
by CyrusL 5y ago
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.
8.
by CyrusL 5y ago
Nope, only a couple hundred bucks: https://shortnames.com/llll . Two-letter .coms are often sold in the high 6 and low 7 figures.
9.
OpenSea (YC W18) – NFT Marketplace – Announcing our $100M raise, led by A16Z(opensea.io)
5 points by CyrusL 5y ago|1 comments
10.
by CyrusL 6y ago
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 t
11.
Escaping the Dark Forest(samczsun.com)
319 points by CyrusL 6y ago|139 comments
12.
by CyrusL 7y ago
The idea is that the tokens won't be securities in the future. A security can eventually become a non-security.
13.
by CyrusL 7y ago
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 thin
14.
by CyrusL 7y ago
We pronounce 0x as “zero-ex,” but you are free to pronounce it however you please. https://0x.org/faq
15.
How to Succeed with a Startup [video](blog.ycombinator.com)
184 points by CyrusL 8y ago|77 comments
16.
by CyrusL 8y ago
"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.&qu
17.
by CyrusL 8y ago
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 growin
18.
Universal Decentralized App Store(app.co)
2 points by CyrusL 8y ago|0 comments
19.
by CyrusL 8y ago
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 w
20.
by CyrusL 9y ago
"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?" https://twitter.com&#x2F
21.
Why Is It Taking 20 Minutes to Mine This Bitcoin Block?(r6.ca)
258 points by CyrusL 9y ago|113 comments
22.
by CyrusL 9y ago
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.
23.
by CyrusL 9y ago
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
24.
by CyrusL 9y ago
My understanding is that there is no consensus expert opinion on this.
25.
by CyrusL 9y ago
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 m
26.
by CyrusL 9y ago
Filecoin did their ICO by the book. The biggest constraint is that the purchasers need to be accredited investors.
27.
by CyrusL 9y ago
Nope, a note has interest and a SAFE doesn't.
28.
CRISPR Knockout Guide Designer(design.synthego.com)
5 points by CyrusL 9y ago|0 comments
29.
by CyrusL 9y ago
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.
30.
by CyrusL 10y ago
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.

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