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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    1. Austen Allred‏Verified account @AustenAllred Apr 4

      LMAO Robinhood replaced “buy call” and “buy put” with “going up” and “going down,” because they know people have no idea how to trade optionspic.twitter.com/Ncxo2JcO7F

      106 replies 553 retweets 2,554 likes
      Show this thread
    2. Viktor Bunin‏ @ViktorBunin Apr 4
      Replying to @AustenAllred

      Seriously? This is called a good user experience. Crypto has no place for gatekeeping.

      3 replies 0 retweets 32 likes
      Austen Allred‏Verified account @AustenAllred Apr 4
      Replying to @ViktorBunin

      ...this isn’t crypto

      3:44 PM - 4 Apr 2018
      • 88 Likes
      • StubbornLights 📊 👨‍💻 🕵️🗯️🤖🧐 parker Avery 🤩 MacCBOE 🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇳🇱 sudo make me a turkey sandwich Joshua Engelman CryptoMedication
      2 replies 0 retweets 88 likes
        1. New conversation
        2. Viktor Bunin‏ @ViktorBunin Apr 4
          Replying to @AustenAllred

          You're right, that's my mistake. Too caught up in Robinhood rolling out crypto trading. Regardless, demistifying complexity or unintuitive nomenclature is good UX. A person doesn't have to know the technical title to have an opinion of the underlying reality.

          6 replies 0 retweets 102 likes
        3. Josh Thanksgiving Dance 🍁 🌽  🦃 🧣 🍽️‏ @JoshDance Apr 4
          Replying to @ViktorBunin @AustenAllred

          true but a lot of people might lose their shirts on this. Making something complicated easier is great if the risk is understood. Previously the risk was behind a high learning curve. Now it is in plain sight.

          2 replies 1 retweet 64 likes
        4. Viktor Bunin‏ @ViktorBunin Apr 4
          Replying to @JoshDance @AustenAllred

          That's a really great point and I agree. However, I think the same could be said about how prior financial investment opportunities were unavailable to the public (like equities) but are now commonplace. Additionally, these are puts and calls, not naked shorts, so less $ at risk.

          2 replies 0 retweets 15 likes
        5. Austen Allred‏Verified account @AustenAllred Apr 4
          Replying to @ViktorBunin @JoshDance

          These are out of the money calls recommended as “medium risk,” where there’s probably a 50%+ chance you lose 100%. Quite a bit different IMO

          6 replies 0 retweets 71 likes
        6. Viktor Bunin‏ @ViktorBunin Apr 4
          Replying to @AustenAllred @JoshDance

          Yeah I see your point. It actually makes me really nervous that they guage investment risks like that because the consumer will incorrectly rely on them to inform their investment decisions. That's a pretty big red flag that, while increasing their fees, can cost people big.

          1 reply 0 retweets 13 likes
        7. kevin lochner‏ @klochner Apr 5
          Replying to @ViktorBunin @AustenAllred @JoshDance

          This was a shockingly reasonable discussion for Twitter. Well done guys 👍

          3 replies 0 retweets 70 likes
        8. 3 more replies
        1. Arlo‏ @overb7 Apr 5
          Replying to @AustenAllred @ViktorBunin

          its almost like he justified your original premise.

          0 replies 0 retweets 0 likes
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