tommynicholas

6 ms·

1.
by tommynicholas 9y ago
2x liquidation is not standard anymore - 1x is far more likely. This was an "up" acquisition too so it's possible they exceeded 2x for most if not all investors.
2.
by tommynicholas 9y ago
It's not a down acquisition
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by tommynicholas 9y ago
Zelle and Wepay have nothing in common - you may be remembering Wepay's old business.
4.
by tommynicholas 9y ago
Sources say it's north of a $220m acquisition - I mean I know that's not a home run but I'm also pretty certain it's not a nothing outcome at all.
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by tommynicholas 9y ago
These kinds of transfers point out two things to me: - (obvious) the ridiculousness of wealth accumulation. This is over-discussed so I won't further that discussion. - The critical need for better philanthropy. Philanthropy is by and
6.
by tommynicholas 9y ago
http://truffleframework.com/tutorials/ Not sure the Ethereum network can even deploy in 120 minutes these days, but you'll certainly have it built in that time :)
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by tommynicholas 9y ago
Compiled these resources while building my first smart contract. I can't promise they're the best, but I can promise I built something that works following these resources + learned a ton: https://blankslate.io/?no
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by tommynicholas 9y ago
If you think you could actually sell for $12m-$14m do it and don't look back, even if you get to the $400m sale you may not even make that much personally. But be wary - companies are bought not sold. If you're below $1m in ARR, t
9.
by tommynicholas 9y ago
Every headline from Techcrunch disrupt that I have seen has been directly contradicted in some way in the video. For example, Vitalik Buterin spends about 10% of his talk explaining why not everything will be or should be decentralized. The
10.
by tommynicholas 9y ago
Equifax makes their partners have a fully implemented and tested patch management program and audits annually (or via a third party) that you stick to it, making this situation even more hilarious.
11.
by tommynicholas 9y ago
I could be extremely wrong about this, but I doubt they've spent the majority of that money. I think they're likely to be giving it back to avoid shareholder unpleasantness and seeking a buyer to try to neutralize the overall ou
12.
by tommynicholas 9y ago
I think there are just certain scenarios it may not support, like at one point writing queries in the editor for JSONB fields in Postgres was either hard or impossible, things like that. But generally it's pretty great and ready to be
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by tommynicholas 9y ago
It's great and IMO pretty damn mature. They use it widely in prod at Airbnb so the only ways in which it's not "mature" are in customizability.
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by tommynicholas 9y ago
Exactly right. Especially the last two points are important: no mirrors by default and depends which nodes copy and cache your files. The big challenge ahead for them is how to get various implementations (Filecoin ideally) to make it simpl
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by tommynicholas 9y ago
Sorry just to be clear - you can literally not use IPFS for storage, it doesn't "have" memory or compute or anything. It's a protocol.
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by tommynicholas 9y ago
Think about running your own Superset instance. Could be the solution and IMO it's much better than Tableau.
17.
by tommynicholas 9y ago
Great questions, and not to be unnecessarily pedantic, but IPFS is not a method of storage. IPFS is a replacement for HTTP and has a lot of attractive qualities and works in production today. Filecoin is a method of incentivizing decentrali
18.
by tommynicholas 9y ago
FWIW I did a similar test with IPFS recently and had no problems and it worked phenomenally. I know people have issues with Filecoin (IPFS's native token) and I myself am confused about some of the outstanding unsolved issues with it,
19.
by tommynicholas 9y ago
The entire point of my comment was to say that while I would generally be considered a "pro-government liberal", I do NOT trust "big government" and prefer to see power be more diffuse. What did you think my point was, I
20.
by tommynicholas 9y ago
I mentioned that I'm uncomfortable with how few companies have so much control. It's far better now than it was in the pre-Trust-busting days, for sure. However, it's trending the wrong direction.
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by tommynicholas 9y ago
I agree, in that it sucks that it's a literal handful, but on the flip side it's nice to know the government is set up in such a way that it isn't by default the most powerful entity in every imaginable way. The people themse
22.
by tommynicholas 9y ago
Paypal's white label product was unusable (literally for some companies). Their banking relationships did not need to be better than Paypal's to have a better white labeled, developer centric payments gateway than Paypal.
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by tommynicholas 9y ago
International or some other payment type Amazon doesn't support well or at all in their own payment system seems like the lowest hanging fruit. Amazon payments seemed like a huge opportunity to me at one point but I think they're
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by tommynicholas 9y ago
I'd be surprised if they implement a change as jarring as it sounds like they're considering. We'll see though.
25.
by tommynicholas 9y ago
I'm a fan of the hyperloop concept and I hope it gets implemented. However, the Concorde example is useful to think about to me. Perhaps the reason we don't have better city-to-city transportation when there are options available
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by tommynicholas 9y ago
Of course. It's a ludicrous amount of money, you could just keep it in cash and not worry about it. That wasn't in any way the topic of conversation - it was why is it difficult to beat the market (or even match the market) managi
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by tommynicholas 9y ago
matching the S&P 500 with billions of personal assets is reallllly hard. Almost nobody in that position would just put $30B in NEA with Vanguard and wait - not diversified enough.
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by tommynicholas 9y ago
Once weed is legalized, as it should (obviously), these kinds of studies will be less political. Until then, you can't blame people.
29.
by tommynicholas 9y ago
My biggest problem with Uber/Lyft is how the costs are incredibly obscure to the driver. I think that sucks. With Postmates, for example, a friend of mine was making $15 - $20 an hour riding his bike. That's ok money! Especially g
30.
by tommynicholas 9y ago
The somewhat optimistic view of these "gigs" is that they have two important qualities: - They can be picked up/put down at any time - They require no specific time commitment and can be managed in parallel with other money m

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