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eaenki

237 karma · joined March 13, 2018

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eaenki··on Peter Thiel claims Zuck agreed to support State-sanctioned Conservatism
Being very involved with the defense dept, spy tools and drones, I’d be scared too hahah. Not gonna lie I’m all for karma tbh.
eaenki··on BlackRock and HSBC funds boosted Evergrande holdings as crisis loomed
I’m short the Chinese construction market
eaenki··on Peter Thiel claims Zuck agreed to support State-sanctioned Conservatism
In high school, the San Francisco native was targeted for his “inscrutable and haughty” personality, the book says. “It’s obvious in retrospect that what we were doing was bullying,” one classmate said.“I’ve always thought he might have a list of people he’s going to kill somewhere and that I’m on it.”

I think so

eaenki··on The Minimum Viable Testing Process for Evaluating Startup Ideas
You can copy products that are growing fast or solve your own problem or better, start backward from the distribution channel. Like there’s a reason that YouTube personalities sell mostly merch, that’s what’s good to sell on YouTube as a creator.

The product is the easy part.

The hard part is the distribution channel. How to reach lots of people that would pay for something for cheap. That’s the secret you have to uncover as it’s semi unique for everyone. Airbnb spammed Craigslist and Hotmail spammed emails w their hotmail signature.

eaenki··on Father-son hacker duo is helping people crack into their lost Bitcoin
They’re not making much. In 5 months (and likely ever) the highest wallet they recovered was had $250k
eaenki··on The Minimum Viable Testing Process for Evaluating Startup Ideas
I find all this mvp stuff just over complicating everything and just complex fluff.

What you need to know is if you can reach at decent scale people that will pay enough to give you a fat margin of profit for your product.

So you need a product that does the job, you need a scalable distribution channel and you need customers to pay enough to give you 60%+ margins.

That’s it. There’s no way around it. With both physical and digital products you can let people pre order them.

You need distribution-product-price fit. When you achieve that you can pour gas on the fire.

TL;DR Just create a damn landing page connected to stripe and take pre orders and make sure the price gives you lots of margin. Then spam The distribution channel. That’s it.

eaenki··on Genius Sells to Media Lab for $80M
Media lab Looks like a company buying dead startups. Weird. Maybe it’s just a company that is controlled by some VC or groups of VCs and that’s how they make their returns and number of exits look better. They also look less dumb.
eaenki··on Genius Sells to Media Lab for $80M
Looks like a company buying dead startups. Weird. Maybe it’s just a company that is controlled by some VC or groups of VCs and that’s how they make their returns and number of exits look better. They also look less dumb.
eaenki··on Founder of $90M cryptocurrency hedge fund sentenced to seven years in prison
What happens if Hypothetically he has those $54mm He was ordered to pay back in a properly hid zcash wallet and he says he just gambled them away / lost the keys?
eaenki··on Ask HN: Where can you apply for a programming job when you are a Class A asshole
Ur own
eaenki··on Ask HN: How many of you changed your mind about Bitcoin?
Never really changed my idea. When it was the only thing around I hyped it to my friends tho. I think it’s a clever solution to freely transact illegal goods - any scarce resource that people want it’s good against inflation or gov’s mishaps. Obviously wood or lithium is not as easily stored or sold as bitcoin, but at least you know the price won’t plummet in 12months.

As for speculation I came to think that if you wanna buy crypto, you might as well buy exchange tokens since they have Some intrinsic value and are still somewhat correlated to bitcoin’s ups and downs.

Obviously if you’re looking to x100 just buy Small projects that might become very well regarded within the community

eaenki··on Micro Investment Plan – $20k
Same. Wanna chit chat sometimes? My email is francescopisanoatlas at gmail dot com if you wanna say hi. Or lmk ur discord here
eaenki··on What better to incorporate a Deleware C-Corp. Clerky or Stripe Atlas and why?
Stripe Atlas simply for the peace of mind that Stripe will work. There’s no other great processor that accepts startups business if they block ur account U’re done.
eaenki··on Ask HN: Should I sell my house to fund my startup? Anyone with the same story?
No. Basically zero chances any of your ideas will work. Even with funds and employees. I did a lot of side projects, maybe 30~ and 2 turned into companies which made me a great, great living and then failed for the most unexpected sh1t.

I’m sorry but you either roll the dice a ton of times with extremely small amounts and hope for a big win Which is very unlikely or you have to play with other people’s money. In case you haven’t attended Stanford, too bad I guess. You’d have to meet rich people some other way.

At this point I regret investing the net worth I accumulated through my companies and investments in more pointless companies of my own trying to shoot for the 9-10 figure net worth. It’s pure nonsense unless you use OPM. I regret not buying a home in bad conditions and fixing it up to luxury and living happily in it with my girlfriend and dog. It would’ve been fun and awesome and wholesome. Then I could’ve done that many times over, slowly building a fancy net worth in decades instead of years but living Vicariously through every minute of it. So since I just turned 24, my plan is to do exactly this.

So no don’t sell your home please

eaenki··on Life Advice: Become a Billionaire
Or better by studying anatomy and dumping money for small fixes w the best surgeons
eaenki··on Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
So how would you go about making an educated reverse engineering claim on the stake at risk without knowing his other legs nor expiry dates? Is it even possible? How about a wide range?
eaenki··on Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
So how would you go about making an educated reverse engineering claim on the stake at risk without knowing his other legs nor expiry dates? Is it even possible? How about a wide range?
eaenki··on Michael Burry of ‘The Big Short’ reveals a $530M bet against Tesla
So how would you go about making an educated reverse engineering claim on the stake at risk without knowing his other legs nor expiry dates? Is it even possible? How about a wide range?
eaenki··on SEMrush S-1
How are they at 144ARR and 76% gross margins losing money on an SEO SaaS?
eaenki··on Bitcoin’s Overnight Collapse Probability Is About 50%
It is still illegal in some countries. E.g Italy I know it goes back and forth between making it legal/illegal. I’d also argue that it is already heavily regulated- you need to give any fiat exchange ur docs. Loopholes with exchanges based in weird island territories will always exist.
eaenki··on Bitcoin’s Overnight Collapse Probability Is About 50%
If you don’t trust your own gov, wether because they’re a bunch of crooks or you’re doing smth fishy, it’s useful.
eaenki··on Bitcoin’s Overnight Collapse Probability Is About 50%
Bitcoin in itself is quite useful, it’s something people will exchange for usd or things of value which the gov can’t censor or directly police.

Bitcoin’s price is determined by zero fundamentals, so it will swing wildly if you zoom Out enough, forever. That’s why if you ask me it makes logical sense to have 1-10% Of the portfolio betting long or short, because it has a much better than 1 in 10 chances of going x10 or -90% in relatively short timeframe. I didn’t backtest it but looking at a chart it looks like there are those many-sigma shifts every 2 years.

To that extent, if you’re interested in betting on it, you might want to use option contracts and make sure your max loss is fixed at the premium and the upside is unlimited.

eaenki··on How to Lose Money with 25 Years of Failed Businesses
Sad
eaenki··on How to Lose Money
I don’t see the correlation
eaenki··on How to Lose Money
Really bad post. Read anything from nassim taleb or take a course on probability.
eaenki··on The Essex Boys: how nine traders hit a gusher with negative oil
Please tell me if I’m correct: 1. Sell futures contract At $15 (bearish position) 2. Buy futures at TSA when it’s negative - an equal amount to the ones u sold- to cover the futures you initially sold

So basically they sold the contract earlier in the day for a higher price and then and covered their position at a much lower price.

Assuming I’m correct: My question is, doesn’t this require margin? If so, how much? What was their initial cash position?

eaenki··on The Essex Boys: how nine traders hit a gusher with negative oil
Please tell me if I’m correct:

1. Sell futures contract At $15 (bearish position)

2. Buy futures at TSA when it’s negative - an equal amount to the ones u sold- to cover the futures you initially sold

eaenki··on Ask HN: Which HN account do you think is Paul Graham's burner account?
Text analysis
eaenki··on Treat artificial light like other forms of pollution, say scientists
Tell them that you’re medically hypersensitive to light and you’ll need to move out and looking to get a refund if he won’t remove the damn light
eaenki··on How to Build a Great Series A Pitch and Deck
Idk why you’re being downvoted. This should be titled “minor details you want to get right when raising a series A round”

First get into Harvard undergrad, then read YC’s resources

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