Massive change for Bedrock users - Anthropic now requires sharing the data with them for 30 days.

Comments URL: https://news.ycombinator.com/item?id=42368318

Points: 1

# Comments: 0

We googled around to see if there was any information on the web about the tool & there’s nothing on Google which makes sense since it’s a boring internal tool for a financial services company.

Ofcourse it could be a lucky guess or it could be an intern had uploaded the manual to GPT :D

Twitter is a dying social network - sounds like a pretty good deal.

At the end of the day - our companies also have people that rely on our software working in order to do a lot of societal good.

My assumption of what you & Neeraj are doing based on your backgrounds: You've decided to build a smart order router for retail FX hence the slow transfers because you need to wait for the spot order to settle T+2.

Story at Wise Funnily enough Wise started in the early days with a fixed fee of £1!

Since all Wise did was match orders between customers so no money was actually moving borders hence no need for conversion or transfer fees etc.

But that fixed fee model was quickly scrapped when Wise started making the market between customers and improving the product experience by introducing rate locks (hedging costs), instant transfers (buffer costs) and actually started considering all the other cogs that go into making an international FX payment.

But there's one significant cost of high value transfers that's been a struggle for both Wise & Revolut to bring down even at scale:

The transaction monitoring, AML & support costs of high value transfers - a single high value transfer can easily cost £3 - £150 for all the due diligence needed to get it done.

If you're going to keep the product fixed fee - this is where you'll need to focus in terms of innovation.

The Story at Revolut Revolut has an Unlimited Zero Mark up FX with a single free SWIFT transfer (every additional international transfer is capped at £5) on the £6.99 premium plan.

But international payments is relatively a recent addition. The vast majority of the time when people are sending money to each other on Revolut, it's a Revolut-to-Revolut or Revolut to local own bank account payment.

Revolut's core strategy is to be the everywhere wallet so that when you're sending money to your family member in Romania from the UK - you just do it as a Revolut to Revolut payment which is bit different to the gap you're trying to fill.

And, there's very little interest at Rev to deal with high value transfers because the AML, transaction monitoring and support costs are too prohibitive when transfers between users are free or capped at £5 for SWIFT payments.

Is there a market for this product? A resounding YES.

This is something we realised at Wise - we weren't as competitive as we liked to be on high value transfers and even though they committed resources to improving this - in typical Wise fashion the progress is very slow.

Now I'm not convinced you'll stick at the £3 mark for long but there's definitely a large untapped market here.

I'm confident that you & Neeraj have what it takes to win in this market & will be rooting for you from the outside!

P.S. The app doesn't seem to be available in the UK app store?

The assets aren’t necessarily stored on OpenSea. You can see how OpenSea gets the metadata like asset url via the docs:

https://docs.opensea.io/docs/metadata-standards

If you scroll down you’ll see that the assets can be hosted on decentralised networks too like IPFS.

Also, not all NFT projects are built the same. I suggest you check out Pak’s Poets project - it’s a very exciting piece of performance art built around game theory.

Disclaimer: I don’t own any NFTs but that doesn’t mean I’m not excited by what they’re doing.

-- Taavet Hinrikus

Comments URL: https://news.ycombinator.com/item?id=27380934

Points: 2

# Comments: 1

You might have already been ordering from them & not realised - they used to be marked as “Editions” on Deliveroo:

https://foodscene.deliveroo.co.uk/promotions/deliveroo-editi...

Selling those Class A shares is still exiting a position in Class A.

But you're definitely right about the context!

He merely converted some Class B shares (non-publicly traded with 10X voting rights) to Class A (publicly traded) in order to sell them.

Looks like Eric exited his Class A shares but he still holds over $4B+ USD in Class B.

source: https://docoh.com/company/1773298/yuan-eric-s/insider-owners...

Looks like the request to:

https://www.cliplingo.com/lesson/start?id=18

Returns an empty video id: https://pastebin.com/8JemA2T3

Hopefully you can fix it soon - super excited to use it!

At the core of our implementation is this library to schedule the jobs to different workers: https://github.com/kagkarlsson/db-scheduler

Would highly recommend that library!

Conversely, for EUR based fund managers you’ll likely be better of sticking to negative yielding EUR denominated bonds vs treasuries.

Source:

https://www.forbes.com/sites/vineerbhansali/2019/06/17/tradi...

https://www.ft.com/content/85c56472-bdcb-11e9-b350-db00d5096...

But you're probably right in this case - Stripe likely include their fee in the monthly payments - updated the sheet.

Appreciate the feedback!

Ahh you caught the mistake with the interest periods! Thanks!

As the borrower this loan is significantly de-risked since there aren't any dreaded monthly payments you must make.

Here's my attempt at a quick interest calculator for Stripe Capitals loans: https://docs.google.com/spreadsheets/d/1RH9PpJ9kdB7X4xcZvqb7...

So, it's not just about flipping voters.

It's also about encouraging people who agree your politics to head to the polls & discouraging the dissenters.

I didn't find their use of the data for marketing particularly novel but using that to create a campaign to discourage black youth in Trinidad from voting seems extremely unethical to me.