jy1

5 ms·

1.
by jy1 3y ago
There's plenty of digital goods with low margins that apple forces a 30% cut. e.g. Spotify, Twitch, Patreon etc. Most of the funds go to the creator. Completely breaks the model when Apple forces a 30% cut of gross. That being said, i&
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by jy1 3y ago
Doesn't everyone at openai have "profit participation units"? https://www.levels.fyi/blog/openai-compensation.html
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by jy1 3y ago
Dollars and euros are in areas with the strongest economic regions in the world. What about the billions of people in emerging markets such as turkey, argentina, africa etc that dont have a stable currency to transact?
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by jy1 3y ago
Crypto is used everyday by millions in many countries including turkey, argentina, africa. You may be lucky to have a great financial system in the US but thats a very narrow POV.
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by jy1 3y ago
TL;DR You cant offboard USD with binance, but you can offboard crypto. It forces binance US users to Coinbase or kraken etc
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by jy1 3y ago
There's a lot of utility outside of the US, in countries without stable currencies. It's no web, but its a lot more impactful than say self driving cars (thus far), 3D-printing, or vegan meat. Edit: This is not to discount those t
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by jy1 3y ago
Likely the investors negotiated the terms in return for funding.
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by jy1 3y ago
It's all dependent on performance. $30/month is actually really low if it works well. If an employee costs $300k/yr fully loaded, then they only need to save ~15 minutes per month to break even (At $150k/yr per employee,
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by jy1 3y ago
According to the S-1: They are paying out about $400m/yr to preferred shared holders, which will be wiped clean on IPO (preferred shares convert to common), allowing the company to retain these earnings. Under "Undistributed earni
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by jy1 3y ago
It's possible the downtown will get worse, not better. S&P500 near all-time highs. Unclear if things actually get better in a year or two. Perhaps the owners think the valuation is reasonable, and want liquidity. Selling at $10b+ i
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by jy1 3y ago
People often conflate AI progress with hardware progress. If we had hardware as flexible, robust, and "cheap" as the human body, we'd solve a lot of these problems such as retail, trades etc. The problem isn't software.
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by jy1 3y ago
Yes there is of course a subset. There is no 100% painting of Yoda, with exception of perfectly copying an existing work. You can a take a photo of Yoda at Disneyland. Disney still cant take your photo and slap it on t-shirts to sell withou
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by jy1 3y ago
An analogy for software engineers: Scenario: The XYZ Algorithm Let's say you are a software developer working on an extensive library that deals with data processing. You come across a small, but particularly efficient algorithm develo
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by jy1 3y ago
Just because Disney can stop you from commercializing something does not mean they own the copyright of the entire work. Suppose you make a Yoda painting. You do not own the rights of _Yoda_, but Disney does not own rights of your painting,
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by jy1 3y ago
Imagine you're an human artist, and you painted Mickey Mouse (let say playing pickeball). Disney doesn't own the copyright to your artwork, but of course they own the copyright to _Mickey Mouse_ (the character), but that doesn&#x2
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by jy1 3y ago
Incredibly bearish stance from HN here. Uber creates major consumer surplus for both riders and drivers.
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by jy1 3y ago
They don't pay corporate income taxes without a profit but they still pay plenty of tax: 1. Sales Taxes 2. Payroll Taxes 3. Property Taxes etc
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by jy1 3y ago
A common narrative lately is that a lot of stock prices are highly correlated with money supply. E.g. The only reason 2021 bubble happened is because the FED printed trillions of dollars. I wouldn't say its completely arbitrary given t
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by jy1 3y ago
It's up substantially when calculating total return (including dividends) https://twitter.com/Tsartoshi/status/1680139560074764288?s=2...
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by jy1 3y ago
Network effect. The mods don't really offer anything. People won't leave for another platform because there's no content/community. It's even hard for an individual subreddit to leave because a single subreddit isn&
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by jy1 3y ago
What makes you say self driving is 10 years away?
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by jy1 3y ago
Youtube offers transcripts / cc
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by jy1 3y ago
That doesn't make any sense. Retail is heavily exposed to retail. Did you watch the recent congress interview of the SEC? It was all crypto focused. Crypto is probably the #1 topic for the SEC. They just haven't enforced because t
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by jy1 3y ago
If it's clear, why hasn't SEC actually enforced? It's been over a decade.
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by jy1 3y ago
FWIW He was a Lyft board member for a long time before he was CEO.
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by jy1 3y ago
Structure as bulk "Buy 10 classes at a discount"
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by jy1 4y ago
Nothing per se, but the GUI version has broader appeal so it would sell better.
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by jy1 4y ago
This is a new version of the game with a GUI on steam. previously it was text only, and not very accessible.
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by jy1 4y ago
It's not about need. It's about ROI. Does Twitter (or any tech company) _need_ 7500 employees to stay operational? The answer is no. But let me ask you a different question. Can one engineer increase the companies revenues by 0.1%
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by jy1 4y ago
You need to prompt it to be exciting etc.

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