minimax

37 ms·

361.
by minimax 13y ago
Right? Banks making loans? It's preposterous .
362.
by minimax 13y ago
Michael Arrington runs into a bunch of VCs having dinner together and that is somehow conclusive evidence of collusion? What?
363.
by minimax 13y ago
It is illegal to give false or misleading statements in order to defraud other investors, but it isn't illegal to "talk your book" if you aren't outright lying about what you are saying. You can flip on CNBC and expect t
364.
by minimax 13y ago
What sorts of services did you have in mind for your idealized bank? Is it just taking deposits and making loans? Maybe automated payments? Any corporate finance stuff?
365.
by minimax 13y ago
Collusion is a pretty big charge. If investors are upfront about the fact that they talk to each other (and, hey, it's right there in the blog post) then investor A calling up investor B to verify he has made an offer to a startup isn&
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by minimax 13y ago
Also, I wonder if anyone has used bots to perform HFT using bitcoin in the same manner that was used on traditional stock exchanges. There are certainly people out there with trading bots hooked up to the various exchanges. I know at leas
367.
by minimax 13y ago
I would like to have seen some mention of risk in the Mattermark or the Funder's Club post. It's great that so many of their portfolio companies have gone on to do follow on rounds, but what percentage of companies that do a follo
368.
by minimax 13y ago
Did you miss the part where Snowden claims Russia is the first to stand against human rights violations? Reread the quote. If you think Snowden is a principled champion of civil rights, how do you square that with the fact that he is on the
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by minimax 13y ago
Point is he took classified intelligence documents to China, then Russia. He never says anything bad about Russian political leaders and he occasionally says very good things about Russian political leaders. His disclosures also frequently
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by minimax 13y ago
These nations, including Russia, Venezuela, Bolivia, Nicaragua, and Ecuador have my gratitude and respect for being the first to stand against human rights violations carried out by the powerful rather than the powerless. By refusing to co
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by minimax 13y ago
Seems like it would chip away at Snowden's "whistleblower" claim if he was actively trying to subvert the NSA's compartmentation scheme to access documents he wasn't cleared for.
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by minimax 13y ago
std::hash_set<std::string, int> point; point[“x”] = x point[“y”] = y This is a very interesting implementation of a set...
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by minimax 13y ago
It's $250,000 now (since 2008). Also it's not technically free. Insured banks pay premiums to the FDIC to cover the costs of deposit insurance. But I agree 100% that the idea that a cash account at a random bitcoin exchange is som
374.
by minimax 13y ago
The exception seems to be Coinbase Coinbase isn't an exchange. They are a dealer. When you buy or sell on Coinbase your are interacting directly with Coinbase. You trade with them at their discretion. There is even some jargon about
375.
by minimax 13y ago
We actually have a system similar to what you describe in your last paragraph with the three "inverted" US equity exchanges where liquidity providers pay a fee and liquidity takers receive a rebate. It means that shares posted to
376.
by minimax 13y ago
"We had two AOL-ers that had distressed babies that were born that we paid a million dollars each to make sure those babies were OK in general," said Armstrong AOL does something like $2 billion in revenue per year. This cost wo
377.
by minimax 13y ago
Good points. The only other Windows based matching engine I know of is Direct Edge in the US, and I think even they are going to switch over using BATS' Linux-based matching engine once the BATS-DE merger completes.
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by minimax 13y ago
It wasn't Microsoft providing the software. It was software running on Windows. The actual software was an in-house developed matching engine called Tradelect. LSE eventually switched away to a 3rd party matching engine with their acqu
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by minimax 13y ago
Sorry I hurt your feelings. Did you lose money or something?
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by minimax 13y ago
Consider this a reminder that while Bitcoin may be an interesting technological achievement, as a tradable asset it is still basically a toy. Crappy exchange technology combined with low liquidity is a perfect recipe for this kind of volati
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by minimax 13y ago
Sounds like cool technology. Thanks for the explanation.
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by minimax 13y ago
PR software built with machine learning for startups I don't understand where the machine learning part comes in. Is it just figuring out which reporters report about different topics?
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by minimax 13y ago
A big chunk of the stock-based compensation they are expensing is related to pre IPO equity grants. E.g. if they granted some stock to an engineer in 2009, they now have to recognize that as an expense in 2013 because of the IPO. In my exam
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by minimax 13y ago
They actually mentioned the stock-based compensation and it's impact on GAAP profitability in their S-1. Following the completion of this offering, the stock-based compensation expense related to Pre-2013 RSUs and other outstanding eq
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by minimax 13y ago
Volatility is typically much higher in after hours sessions because there isn't nearly as much liquidity in the market. Tomorrow's opening price will probably be more informative. Also good to keep in mind that even if it is 20% d
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by minimax 13y ago
It's not a Ponzi scheme. A Ponzi scheme requires some element of fraud, yet here you have Twitter's earnings statement and balance sheet right out in the open. There are reasonable people who think investing in a company presently
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by minimax 13y ago
Yeah I'm not really sure why that's such a popular thing, but I don't think investor deception is the point of it. I think I could argue that high stock-based compensation charges in the first few quarters after an IPO are an
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by minimax 13y ago
FWIW Twitter lists GAAP numbers above non-GAAP. They're also pretty up front about the fact that the discrepancy between GAAP and non-GAAP is stock-based compensation. https://investor.twitterinc.com/releasedetail.cfm?R
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Son of Big Board Father Is No Friend to NYSE(bloomberg.com)
1 points by minimax 13y ago|0 comments
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by minimax 13y ago
I agree that the sponsorship requirement to sit for the test is backwards, but if you are talking about barriers to entry for creating a new broker/dealer, the series 7 is a small inconvenience compared to everything else†. You have al

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