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jcliff

27 karma · joined February 11, 2012

[ my public key: https://keybase.io/jcliff42; my proof: https://keybase.io/jcliff42/sigs/E4oBv4jkzsNz5a9sPRijX3YJnUqHww3Qh8cxRdM5r40 ]
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jcliff··on SEC has not approved Bitcoin ETFs [fixed]
On the contrary, it makes a significant difference. Futures have to roll over monthly and there's costs associated with that. Depending on the slope of the futures curve, the costs can be high (10+%). Holding spot bitcoin solves this problem and makes the fund more palatable to advisors and institutions.
jcliff··on The time it takes to change the time (2015)
This 2015 world time map update is an interesting framing of the ongoing Ukraine war.
jcliff··on Polygon Labs Cuts 20% Workforce, Almost 100 Jobs
sorry, you're still wrong. currency debasement and bitcoin aren't going anywhere.
jcliff··on FTX held less than $1B in liquid assets against $9B in liabilities
brokerages need to have cash on hand to loan. they can partner with a bank, or it can come from their own balance sheet or investors, but it's not printed out of thin air.
jcliff··on NFT use cases that could go mainstream
In this thread, cynicism from people salty that they didn't invent or collect cryptopunks or bored apes.

I haven't gotten into nfts myself but to say that they are stupid or a scam now comes across as wishful thinking to cover your butt for missing out.

nfts represent ownership over digital culture, like it or not. digital collectibles. the market will decide whether they are priced like banksys or beanie babies.

While many will be a fad, I'm certain some won't be. Other nfts will be as mundane as an event ticket. It's a wide open field, and I think the HN community should try to keep an open mind.

jcliff··on 1 Year of Coinbase as a mission focused company
well, a partial list of their investments is here: https://ventures.coinbase.com/

Some major ones aren't included such as CoinSwitch Kuber which Coinbase Ventures recently co-led a $260M round.

jcliff··on 1 Year of Coinbase as a mission focused company
Something that I don't think is widely appreciated enough is that Coinbase Ventures holds chunks of many of these startups.
jcliff··on Coinbase Cloud
it's not a blockchain without a consensus algorithm. it's a linked list of hashes.
jcliff··on Rent The Runway S-1 IPO
because nonvoting shares still represent economic ownership of the company. for example, they get pro rata dividends if dividends are ever declared.
jcliff··on Coinbase Cloud
without a way to resolve the canonical version without trusting a singular maintainer, git is not a blockchain. blockchains enforce consensus in a decentralized way, at least public blockchains do or should.
jcliff··on USV Dumps 100% of Coinbase Stock
all of those transactions for $0 are actually distributions to the partners. the shares aren't necessarily sold.
jcliff··on Coinbase announces proposed direct listing
I believe you need to email coinbase@secondmarket.com
jcliff··on Coinbase announces proposed direct listing
not only that, but they custody grayscale's btc. they definitely don't need grayscale.
jcliff··on Ericsson, Apple Settle Patent Dispute
a giant head start, brand, trade secrets (hardware and software), strategic supplier & manufacturer relationships, strategic partnerships (app developers & carriers)
jcliff··on Take me as an Intern – 19yo student seeking internship
code still speaks for itself. it just has to be framed and delivered to an audience. your side project that's sitting on your hard drive or even your unpublicized github account isn't doing you any good.
jcliff··on Winklevoss Bitcoin Trust
This is exactly my thought as well. Not just for institutional money either. This makes it dramatically easier and simpler for retail investors (in both taxable and tax advantaged accounts) to get some exposure to BTC.
jcliff··on Lecture 18: Legal and Accounting Basics for Startups
Does anyone have any recommendations for incorporating in Nevada? I plan to do business primarily in Nevada and understand that it is also a very business friendly state for incorporating. Unfortunately, clerky.com only handles Deleware corps. I'm currently considering doing it myself, rocketlawyer and legalzoom.
jcliff··on Museum of Endangered Sounds
loved the dial up modem one. what a throwback.
jcliff··on Now Accepting Bitcoin on Dell.com
flat based on what?
jcliff··on Carlypso (YC S14) could change everything about how we buy and sell used cars
Also in the same space is beepi. http://www.beepi.com

They solve your second concern by not offering test drives to potential buyers.

jcliff··on Beyond Pricing – Automatic Dynamic Pricing for Airbnb
This is just the market getting more efficient (better pricing) with an increased supply (hotel + airbnb). It seems like an overall positive thing to me.
jcliff··on Uber Sets Valuation Record of $17B in New Funding
so hostile. even if it's not a general solution, it's working. perhaps it's time for you to put down the books and build something.
jcliff··on Build a website like taskrabbit.com... But better ($100)
Either a troll, typo, or somebody incredibly naive. I'd be curious to hear from people with experience though what a realistic budget (both time and money) for something like this would be.
jcliff··on Dorian Satoshi Nakamoto Denies All Bitcoin Ties in Verified Letter Via Lawyer
You don't have to be mentally ill to act mentally ill. The charade has pretty much removed all credence to the idea that he is the creator of bitcoin. Perhaps that's what he wants.