3,948 karma · joined January 11, 2012
@joeblau everywhere
Coinbase crashing is how I know if the bull market is really here.
So Dialpad.
Pretty sneaky Dialpad lol
[1] https://www.marketingtodaypodcast.com/194-historic-ad-fraud-...
Base MacBook Pro
Base Macbook Air
MacBook Air +16GB +1TB
If you're not looking at those 3 in terms of laptops, you're going in a queue. Op - 40%
Co-Founder - 40%
Option Pool - 10%
Angel Investor - 10%
- The option pool for new hires means that if you're one of the first employees, your equity will come from that option pool. You may get 1% as an early engineer or 3% as an early executive for example.- The investor owning 10% of the company means that they think the company is worth $1,000,000 right now. ($100,000 x 10)
- The 4yr vesting with 1 year cliff means the Op gets 1/48th ownership of the company every month over the course of 4 years. BUT BUT BUT they only get the first 1/4 (12/48th) until they have been at the company for at least 1 year. If the Op leave before 1 year, they get nothing.
Wasting 3 years is not worth the time. The Op should eject and focus on building something else or the same thing with a new co-founder.
I love the concept but this is going to need to be a lot more accurate on basic searches for me to trust it with anything more robust.
Maybe because it's not a need most people have?
Most may the the right word. This is really about a lot of small wins over the current system, not really one right answer that solves everything. This still means nothing to me. I can't relate to this.
This is fair, I don't know you personally so I don't know what lifestyle you're living. So it's about not wanting to pay transaction fees for buying stock. Hmm, doesn't really sell it to me, quite frankly
It's not really about that, it's more about zero counter party risk. This exists in lots of areas, but without knowing you, it's hard for me to come up with a concrete example of why this matters to you.Compared to Bitcoin, there are consensus mechanisms that are a lot faster (3 orders of magnitude), cheaper (almost free transaction cost), near instant finality (seconds, not 1 hour) and leave almost zero carbon footprint. They just haven't been proven out at scale yet.
How can I be sure what you're selling me is in fact what you say it is? And if it's not, what recourse do I have?
A fundamental design in cryptocurrencies is that it's mathematically impossible to create "fake" tokens without some sort of quantum computer. What this means is that the DEcentralized Exchange (DEX) that you're performing the trade on will have liquidity for the pair of assets and as you click the right button to select TSLA for USD, you're getting TSLA. There is no mathematical way to get scammed.For your example of FB marketplace/Craigslist, you want an Escrow service with a way to have you or a 3rd party validate you're not getting ripped off. That type of service exists via cryptographic primitives in both Bitcoin and Ethereum allowing a transaction to be blocked if there is something fraudulent.
I can do all these things already.
You're absolutely right, but just like you can send a letter in the mail, email does the same thing but is digitally native to the internet.Up until the invention of Bitcoin, there was ZERO scalable way for me @joeblau to send you @louwrentius money the way I send an email. By that, I mean the only thing I need to rely on is a protocol (like SMTP) and you'll receive it.
What problem / which problems are being solved here?
The problem is that money (paper money/currency) is not the only thing that has value which human beings transfer among each other. We share music, art, poetry, equity in companies, ideas, code, etc. What Ethereum does is take the idea of "Digital trustless money transfer" and expands it to "Digital trustless value transfer" I don't understand what this means. What does this do for real-life applications?
Let's say I own TSLA stock and I want to sell it to you. I can't, without going through a middle-person. I need to send my shares to a brokerage (they take cuts and fees and do insider trading crap that they disguise as legal) then you buy the shares from then.If it's mine, why can't I just transfer the shares straight to you for the listed price (Currently $567.60)? Because there is no platform digital trustless value transfer that will ensure that we both get what we want: Me getting the money, and you getting the shares.