Conversation

I don't return the company's cash to investors because CASH IS AN ENTERPRISE VALUE MULTIPLIER Consider valuation in these scenarios * $200m cash, 24mos of runway w/ 0 revenue. * $50m, 6mos, 0 * $10m, 1mo, 0 It's insurance and optionality. It's the ability to play the long game

365

Mr. Anderson

@gold2point0

Mar 20, 2020

Yes, it makes sense, but please use a greater percentage of it to improve your trading engine's reliability and ultimately your enterprise's value.

Jesse Powell

@jespow

Mar 20, 2020

Things have been running smoothly lately, despite the high volatility and trading volume. We made huge improvements in early 2018, and many more throughout 2018 and 2019. We'll keep at it though -- always more to do!

Mr. Anderson

@gold2point0

Mar 20, 2020

Thank you Jesse for the reply, I appreciate it. Funny thing is I'm a long-term investor and bought all bitcoins that I have from Kraken, but the one time I wanted to sell and almost simultaneously buy back at a lower price the engine just froze and lost a percentage of my #btc...

Jesse Powell

@jespow

Replying to

@gold2point0

Ouch :( I'm sorry for the terrible experience. Hopefully, we've improved substantially since then but you can never predict all the issues going on with the Internet around the world, DDoS attacks, etc. We try our best and we're getting better all the time.

12:23 AM · Mar 20, 2020Twitter Web App

Replying to

I appreciate that Jesse thank you. Yes, mistakes and other unpredictable events can and will happen, but what bugs me is that this seemingly negligible percentage of #btc that I lost not because I did something wrong on my part may be worth a fortune in a few years... ☹️