philrapo

13 ms·

31.
by philrapo 12y ago
Here's an infographic showing ownership in Box as they IPO'ed. https://equityzen.com/blog/box-path-to-ipo/
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Ray Dalio – Daily Observations – Tightening at the End of the Supercycle? [pdf](im.ft-static.com)
1 points by philrapo 12y ago|0 comments
33.
by philrapo 12y ago
what war did napster win?
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by philrapo 12y ago
That's an interesting way of framing it. A 1x liquidation preference is like buying a loan at 0.50 on the dollar. A 0x liquidation preference (insurance that you'll get your original investment back) would be more "bond-lik
35.
by philrapo 12y ago
Thanks. It would seem like a 0x liquidation preference would provide protection in this scenario. i.e. VC is guaranteed to get his original investment back, but not a multiple of it. "Say the VC puts in 5M, gets 20% equity. The found
36.
Ask HN: Why is liquidation preference acceptable and prevalent?
8 points by philrapo 12y ago|14 comments
37.
by philrapo 12y ago
Love the visualizations. It would be great if we could look more closely / zoom in, rather than only seeing the overview.
38.
by philrapo 12y ago
>"Regulation" is a polite word, so it's easy to lose track of what it really means. But what it really means is policing. The FCC polices the tv/radio/satellite/cable industry, but it also writes regulations
39.
by philrapo 12y ago
The IRS tax code is quite possibly the worst example to use, if you are trying to point to well written regulation. Almost 74,000 pages of tax code. [1] Though I agree that investment banking advice would be irrelevant here. [1] http:&#
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by philrapo 12y ago
>Do you really think any company is going to hire an honest, competent ex-regulator who has made a career of fining and frustrating their top executives - and possibly referring them to prosecutors? Yes, absolutely. I think it's ri
41.
by philrapo 12y ago
So are you then suggesting that it's preferable to have regulators who never had hands-on industry experience in their relevant sector?
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by philrapo 12y ago
>Everyone knew that Goldman Sachs owned most of the politicians and regulatory groups before. I didnt know this. Source please?
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by philrapo 12y ago
While the "revolving door" between banks and regulators clearly presents some problems, consider the alternative. I personally hate the idea of career politicians who have no practical experience in the private sector trying to wr
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by philrapo 12y ago
Good commentary from Matt Levine @ Bloomberg: http://www.bloombergview.com/articles/2014-10-29/high-speed-... "Is this bad? I mean, look, one: It doesn't matter at all. We'll get to that. But, two:
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by philrapo 12y ago
A free, real-time settlement system to send payments frictionlessly.
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by philrapo 12y ago
>The entire purpose of the Federal Reserve is to enable a system of monetary expansion or contraction This is just one of several mandates that the Fed has. The Fed also exists to supervise and regulate banking institutions, in addition
47.
by philrapo 12y ago
Here is an explanation of Ripple consensus which was forked by Stellar: http://dev.ripple.com/consensus-whitepaper.html
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by philrapo 12y ago
>And what about altcoins that issue an unlimited number of coins at a fixed annual inflation rate? good point. A company also can always issue more shares to dilute existing holders. But no company (to my knowledge) has ever promised t
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by philrapo 12y ago
I actually think this calculation methodology for "market cap" is flawed. The whole notion of market capitalization comes from the equity markets. It's calculated based on the total number of shares issued by the corporat
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by philrapo 12y ago
what about all the copies of windows in use in non-US countries? Those arent considered global?
51.
by philrapo 12y ago
Here are some use cases: https://github.com/codius/codius/wiki/A-(Hopefully)-Simple-O... [disclaimer: i'm an employee of ripple labs]
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by philrapo 12y ago
Actually, a study on this just came out: http://www.bus.umich.edu/ConferenceFiles/2014-Mitsui-Finance... From a 3rd party summary: "...Kenneth Ahern at the University of Southern California and Denis Sosyura a
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by philrapo 12y ago
>Centralized authority in the form of the corporation that employs you. So... it's wrong to work for a company? I dont understand your argument, sorry. >It's generally considered proper (at least here on hacker news) to dis
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by philrapo 12y ago
You are mistaken. The consensus process does not allow for someone to "arbitrarily change the rules on a whim or influence the outcome of a transaction on a one-off basis". Here is a youtube explanation of consensus: https:&#x
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by philrapo 12y ago
>Gold can be used to fill teeth, to conduct electricity and so forth. Bitcoins can do nothing. If that's why gold has value, then $1290 an ounce seems quite pricey for fillings!
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by philrapo 12y ago
Holding USD is the standard way people in emerging markets prevent savings from losing value.
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by philrapo 12y ago
>A blockchain is only useful if it is heavily secured by hashing power. Ripple consensus keeps a distributed database in sync without requiring mining. And the network's security has no correlation to the amount of hashing power i
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by philrapo 12y ago
Hi have noticed this repeatedly as well. Under the "People you may know" section, I see names of people with whom I've emailed only 1 time, often many years ago. These are people with whom I have no relationship, and the o
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by philrapo 13y ago
Ripple allows you to move USD, BTC, or any currency using distributed ledger system. You dont need to use "the coins" created by Ripple. As a separate point -- by your logic, bitcoin is a complete scam created by Satoshi Nakamot
60.
by philrapo 13y ago
>"Have they solved the 'you need the whole blockchain' bit?" Yes. Ripple servers only need the current state of the ledger (as opposed to requiring the entire history of transactions, as Bitcoin does). This eliminate

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