puranjay

40 ms·

151.
by puranjay 4y ago
Also fair criticism. Further, even if they were to one day be widely adopted as membership tokens, coupons, or licenses, the underlying networks are still wildly overvalued. I also don’t like the idea of living in a world the crypto enthusi
152.
by puranjay 4y ago
But if you're in the business of issuing stablecoins, that's precisely what your job is - to know where your (or rather, a client's) money is. It's a core competency. Not a treasury management issue as with Fortune 500 c
153.
by puranjay 4y ago
To be fair, its a very new tech - the ERC-721 NFT standard was introduced in 2018. Whatever could be built or not on it was lost in the madness of the bullrun. I remain on the fence, but can't dismiss it entirely.
154.
by puranjay 4y ago
that very well might be some aspects of crypto though are pretty interesting. NFTs do offer a ton of use cases for ownership, licensing, memberships, etc. - if you can look beyond the current dumb trend of monkey pictures.
155.
by puranjay 4y ago
How to audit a USD stablecoin: 1. Calculate all current circulating supply of said stablecoin across all chains 2. Calculate value of deposits across issuer’s bank accounts in USD. If both number are equal, congrats, your stablecoin passed
156.
by puranjay 4y ago
What would you recommend as the best first step to introduce someone to VR? I have an Oculus Quest but always felt that the hardware was insufficient. Would you recommend upgrading to a newer Oculus? And what would be your "safest&quot
157.
by puranjay 4y ago
Would Ark still have that huge run up if a completely unpredictable event (pandemic) and an even more unpredictable response to that event (lockdowns and massive money printing) had happened? If the answer is no, then it’s largely pure stup
158.
by puranjay 4y ago
Man, if it really was that amazing, you'd see it in the numbers. Facebook acquired Oculus in 2014. Its still a rounding error in terms of revenue in their annual reports. Personally, I just felt it was gimmicky - try it once or twice f
159.
by puranjay 4y ago
But…why? Why would you persist with something that makes you sick even when the enthusiasts admit they use it once or twice a month?
160.
by puranjay 4y ago
> At best it might be useful at work Unless everyone can use it, its not going to work in an office setting. A single person in a team of six who gets motion sickness with VR (very common) makes it nonviable for the entire team.
161.
by puranjay 4y ago
VR seems to have an insurmountable motion sickness problem. I tried the Quest with a dozen friends and half of them felt sick enough within minutes to never try it again.
162.
by puranjay 4y ago
Look at initial funding rounds of a hot new startup these days. Especially in areas like web3. There will often be participation from dozens of VCs and angels, mostly random names and funds that came up a couple of years ago. There is reall
163.
by puranjay 4y ago
Smart. I’ve adopted the same stance - I aggressively use whatever app/service offers me steep discounts and cashbacks with no intention of ever being a long term customer once the discounts dry up.
164.
by puranjay 4y ago
What happens when VC money stops flowing in? Do all these unprofitable companies collapse?
165.
by puranjay 4y ago
> that is a profitable business with a solid business case I reaaaaly wouldn’t assume its a profitable business unless you get some data from a few “normal” (i.e., not pandemic impacted) quarters. Delivery is the first thing people will
166.
by puranjay 4y ago
Here in India, its increasingly starting to feel that both Ola and Uber are slowly abandoning the market. Service quality has gone down drastically and Ola seems more interested in making (unsafe) electric scooters In their heyday, you’d dr
167.
by puranjay 4y ago
Far too many people who simply didn't understand the mechanism and were told this was a "safe" investment since it was one of the top 20 coins. The number of big name investment gurus who shilled this on Twitter was insane. M
168.
by puranjay 4y ago
Most exchanges have some way to short most popular coins Decentralized platforms like DyDx offer leveraged longs/shorts on a lot of popular pairs as well Another way to theoretically short a coin is to borrow a lot of it against a stab
169.
by puranjay 4y ago
I know a friend who made $14M shorting LUNA from $50 to all the way down to nothing
170.
by puranjay 4y ago
It’s an app that delivers food through contract labor earning minimum wage. Its not a cathedral or a forest.
171.
by puranjay 4y ago
You’re not wrong but the last few years definitely feel worse than the years before it.
172.
by puranjay 4y ago
I find it a little absurd that companies now take longer than human beings to start making money. In that you graduate high school/college at 18-22 and start making money - “being profitable”, so to speak. There are starups right now t
173.
by puranjay 4y ago
Isn’t this the guy who made that scam “millions” crypto coin?
174.
by puranjay 4y ago
Coinbase: 5000 employees, $18B market cap What are 5,000 employees even doing at Coinbase?
175.
by puranjay 4y ago
feels like a lot of non tech companies also FOMOed into hiring tech people because they got scared of the "everything will be online" narrative during the pandemic. Now they're maybe beginning to realize that they don't
176.
by puranjay 4y ago
I'm surprised more billionaires are interested in going to space but not exploring earth itself
177.
by puranjay 4y ago
I wonder what happens to these companies that never reached profitability in a recession. We might see dozens of unicorns die
178.
by puranjay 4y ago
Eh man I’ll take obscene salaries if it means some wealthy VC and his wealthy LPs are footing the bill Everyone should get obscene salaries
179.
by puranjay 4y ago
Damn, I’ve been out of the startup loop. I remember when startup used to be extra work. Are four day work weeks becoming common now?
180.
by puranjay 4y ago
Doesn’t Stripe have a similar product already? And iirc Shopify also has single sign on now across all its stores? Surprising that I’ve never heard of either Fast or Bolt

More ›