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I had breakfast with Bill a few years ago in Palo Alto. It was clear pretty quickly that WePay wasn’t a good fit for us, but he still managed to navigate me thr

by cmer 9y ago

I had breakfast with Bill a few years ago in Palo Alto. It was clear pretty quickly that WePay wasn’t a good fit for us, but he still managed to navigate me through the competitive landscape and helped me figure out which product was right, pitfalls to avoid, regulations, etc. He even offered his help for the future, even though we were giving him zero business. I’m writing all this because I left with the feeling that he was a genuinely great guy and that he deserved success. I’m glad it has finally come his way! Best of luck! PS: stay away from bitcoin.

joering2 9y ago
Probably like many others, in the first part of 2012 I invested about $10k in some bitcoins that I still continue to keep untouched today. Tell me once again what should I stay away from??
- pls2halp 9y ago
  Have fun with the hard fork.
- cookiecaper 9y ago
  Please cash in at least some of that; it's too sad to think of a conventional amateur investor approach of "always hold out for more" wiping out that potential fortune. Take your 5000x gain and be happy with that phenomenal performance instead of being concerned about the infinite "I could've gotten more if I just sold on Magic Date X". A materialized gain that you can actually use is more valuable than a paper gain that may not be there when you need it, especially in an instrument as volatile and immature as Bitcoin.
  - joering2 9y ago
    I appreciate your concern. I am keeping them not for more gains, but to pass it on to my child eventually, although I believe single bitcoin will end up costing north of $25,000 since #1 there is only limited number being eventually in "circulation", #2 you can safely use 0.0001 bitcoin to process transaction worth $5.
Kiro 9y ago
What's with the PS? Did he tell you that or are you saying he shouldn't waste his newfound riches on bitcoin? Seems really out of context otherwise.
- toastking 9y ago
  Maybe they just assume that all discussions on HN lead to bitcoin given a sufficient time scale.
- Nemisis7654 9y ago
  I believe he's referring to the statements made by Chase CEO Jamie Dimon on bitcoin: https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-rai... > It's just not a real thing, eventually it will be closed, > Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."
  - Kiro 9y ago
    Ah, good catch!
alexcnwy 9y ago
BTFD!
csomar 9y ago
I'm not sure what the PS has anything to do with the comment? I don't like these kind of "hints". If you have something interesting to share, please do. Some on Hacker News are definitively into bitcoin/blockchain stuff. So your info will be valuable.

by cmer 9y ago

joering2 9y ago

Probably like many others, in the first part of 2012 I invested about $10k in some bitcoins that I still continue to keep untouched today. Tell me once again what should I stay away from??

pls2halp 9y ago
Have fun with the hard fork.
cookiecaper 9y ago
Please cash in at least some of that; it's too sad to think of a conventional amateur investor approach of "always hold out for more" wiping out that potential fortune. Take your 5000x gain and be happy with that phenomenal performance instead of being concerned about the infinite "I could've gotten more if I just sold on Magic Date X". A materialized gain that you can actually use is more valuable than a paper gain that may not be there when you need it, especially in an instrument as volatile and immature as Bitcoin.
- joering2 9y ago
  I appreciate your concern. I am keeping them not for more gains, but to pass it on to my child eventually, although I believe single bitcoin will end up costing north of $25,000 since #1 there is only limited number being eventually in "circulation", #2 you can safely use 0.0001 bitcoin to process transaction worth $5.

Kiro 9y ago

What's with the PS? Did he tell you that or are you saying he shouldn't waste his newfound riches on bitcoin? Seems really out of context otherwise.

toastking 9y ago
Maybe they just assume that all discussions on HN lead to bitcoin given a sufficient time scale.
Nemisis7654 9y ago
I believe he's referring to the statements made by Chase CEO Jamie Dimon on bitcoin: https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html https://www.cnbc.com/2017/09/12/jpmorgan-ceo-jamie-dimon-rai... > It's just not a real thing, eventually it will be closed, > Dimon also said he'd "fire in a second" any JPMorgan trader who was trading bitcoin, noting two reasons: "It's against our rules and they are stupid."
- Kiro 9y ago
  Ah, good catch!

alexcnwy 9y ago

BTFD!

csomar 9y ago

I'm not sure what the PS has anything to do with the comment? I don't like these kind of "hints". If you have something interesting to share, please do. Some on Hacker News are definitively into bitcoin/blockchain stuff. So your info will be valuable.