racont

3 ms·

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by racont 7y ago
Reddit discussion on this topic: https://www.reddit.com/r/privacy/comments/cje7vg/dont_use_pu...
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Ask HN: What are critical non-dev/sales roles at your startup?
3 points by racont 9y ago|1 comments
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by racont 9y ago
The founder made his start facilitating real money trading (sometimes against ToS) in online games via sites like lewt.com and d2legit.com: https://www.bitrated.com/jespow . I'd say his execution at Kraken is living up
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by racont 9y ago
Auditors sell trust. If an auditor says that the company has $XX in their bank, you're more likely to believe the company. If an auditor is found to lie, you get Arthur Anderson. In a full audit, the auditor bears the risk of fraud, an
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by racont 9y ago
Bitfinexed is interesting. They remind me of Marc Cohodes, who often uncovers fraud but lacks the diligence to back up his claims and lacks the prose to convey his findings precisely. Re Tether-Bitfinex-washtrading, the paper trail indicate
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by racont 9y ago
It's basically the opportunity cost of being able to trade quickly (xc->bank->xc would take 10+ business days) versus the risk of having co-mingled funds in an unregulated exchange. The reason banks are regulated in the US is bec
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by racont 9y ago
I don't equate Randian with "anti-reg". Rand speaks of an ethos of personal accountability versus one that hides their crimes behind a facade of claimed social norms. It's not an issue of private business vs public regul
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by racont 9y ago
NP@NYT summarized a long-standing Twitter discussion - he's put in little to no independent work on the story. Tether has claimed to have audited bank statements from the start. To date, they've never performed a real audit from a