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Coinbase stock lost over 75% value

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Re: Coinbase stock lost over 75% value

#431

Post by jxramos »

thematrixturtle wrote: post #152
bfz wrote: post #139

Earlier quoted context omitted.

It warms my heart to think I could still be graded on language use so late in life. How would you describe it?

It's a bit awkward since "poisonous" usually refers to things you eat, and sandboxes or their contents are generally not eaten. If you want to continue the sandbox metaphor, which I do like, "playing in the Fed's sandbox until the bottom fell out" might work. Or even "toxic sandbox".

I think it works, toxins can transmit into the body not just through the ingestion route but also skin absorption among many other routes. So if there's toxins in the sand of the kind the skin is vulnerable to then that sandbox would be poisonous to the occupants. https://www.cdc.gov/niosh/topics/skin/default.html#:~:text=D....

Re: Coinbase stock lost over 75% value

#432

Post by kolbe »

scarface74 wrote: post #177
redisman wrote: post #28

Earlier quoted context omitted.

I mean it is called an “exit” right?

Also a Ponzi Scheme.

That term gets used way too often and way too loosely. At some level, everything is a Ponzi Scheme. I think "pump and dump" is more accurately descriptive. And you never know: YC suppressing bad press on HN and promoting good press could be considered market manipulation.

Re: Coinbase stock lost over 75% value

#433

Post by jollybean »

NavinF wrote: post #279
jollybean wrote: post #193

Earlier quoted context omitted.

Blockchain and Crypto are fairly useless in areas with reliable currency. The Ruble is a garbage currency and so, it's entirely feasible that the stated advantages/benefits of something like BTC really do add up in a place like Russia. But I'm not sure BTC is the solution, or that there are really any solutions as of yet. As for 'meaning something bad' and not being sure about it, why would you even respond? It's jus…

> I have no clue on earth why I am downvoted Because everyone thought you were trolling with a dog whistle: “We need something (a bomb?) for you (Russia)”.

Who on planet earth would think that?

I mean, I'm cynical but I couldn't even fathom that even in retrospect.

Re: Coinbase stock lost over 75% value

#434

Post by gqewogpdqa »

masterteague3 wrote: post #415
XorNot wrote: post #267

Earlier quoted context omitted.

MongoDB are basically their Atlas product right now, and AWS has a number of offerings aimed right at it. I'm surprised Google hasn't been more aggressive in this space, but Google cloud strategy has never made terrific sense to me.

Google's fairly recently acquired Snowflake is their answer to MongoDB in the cloud.

Google didn't acquire Snowflake - unless you know something the rest of the world doesn't ;-) But if they did, how would it be "an answer to MongoDB"? i.e. MongoDB Atlas. AFAIK, MongoDB is focused mostly on the operational database market, not the offline analytics market. Would love to understand that part - thanks!

Re: Coinbase stock lost over 75% value

#435

Post by scarface74 »

kolbe wrote: post #432
scarface74 wrote: post #177

Earlier quoted context omitted.

Also a Ponzi Scheme.

That term gets used way too often and way too loosely. At some level, everything is a Ponzi Scheme. I think "pump and dump" is more accurately descriptive. And you never know: YC suppressing bad press on HN and promoting good press could be considered market manipulation.

Everything isn’t a Ponzi scheme though. The current well known profitable tech companies were all profitable before they IPOd except for Amazon and Netflix(?). Apple, Microsoft, Google, Facebook, Intel, Nvidia, etc.

Have there been any successful sustainably profitable tech companies to go public since Facebook?

Re: Coinbase stock lost over 75% value

#436

Post by sulam »

bogomipz wrote: post #357
sulam wrote: post #136

Earlier quoted context omitted.

I did that in 2008 by going to Salesforce. It worked out really well. Highly recommend.

So you stayed for the entire 4 year vest then?

Three and a half years, vested most of it, and then a bigger opportunity came knocking.

Re: Coinbase stock lost over 75% value

#437

Post by sulam »

scarface74 wrote: post #403
jshen wrote: post #386

Earlier quoted context omitted.

That’s using a different index than I used. Neither is right or wrong, hard to define “dot com” bubble stocks precisely

Actually I am wrong. The NASDAQ was the index I should have referred to. https://www.theguardian.com/business/2015/apr/23/nasdaq-new-... It took 15 years.

Ya'll are talking past each other. Since I made the comment, I will define my terms more precisely. In 2-3 years someone who consistently invests a fixed portion of their earnings/assets into a weighted vehicle/basket will be enjoying an appreciating net worth. I'm not claiming to be able to call the bottom, but I'm also not measuring "recovering" as peak-to-peak. Peak to peak would be past-tense "recovered".

Re: Coinbase stock lost over 75% value

#438

Post by anonu »

sushid wrote: post #162
kolbe wrote: post #146

Earlier quoted context omitted.

However, the spread they make on their transactions gets wider as price action is more volatile.

Can you explain? A wider spread means less efficient markets which means fewer transactions which means lower revenue, no?

Spread is just what the market demands to get paid for taking the risk. Higher volatility can also mean way higher volume.

Re: Coinbase stock lost over 75% value

#439

Post by nradov »

gorgoiler wrote: post #365
nradov wrote: post #363

Earlier quoted context omitted.

There are only about 1700 NFL players total at any given time. Most of those guys have amazing natural talent, honed by 10+ years of intense training that would crush most of us. Network engineers are comparatively far more expendable and easily replaceable. It's not nearly as hard to learn as NFL level football.

Maybe. The best engineers are also naturally talented. It is a fact that to be a good engineer you need to be very smart. You can get by with just a CS degree and a Cisco certificate, but you won’t be a game changer. How many Principle Engineers are there at the FAANGs? How important are they to the business, and how long did it take them to get to that level, in their careers?

I am not convinced that there is any natural talent involved in being a good network engineer.

http://www.newyorker.com/magazine/2002/07/22/the-talent-myth

Re: Coinbase stock lost over 75% value

#440

Post by nradov »

gorgoiler wrote: post #361
pushrax wrote: post #283

Earlier quoted context omitted.

> football player style contracts for engineers, where you are tied in to a team for N years, and with a requirement that another team has to pay big money for your contract if they want you to transfer? i.e. golden handcuff equity grants with vesting schedules? Top performers in highly demanded areas can have some or all of their remaining equity bought out. It definitely ties the value of the contract to the stock…

That’s different. You are talking about doing a deal with the player. I’m talking about Company X having to pay off Cloudflare-the-business if they want Team Cloudflare’s top network engineer to transfer to Team Company X, mid contract.

That only really works in professional sports because each team is part of a league which enforces operating rules, including rules about player contracts and trades. No such "league" exists in the tech industry, and any attempt to form one would likely be a criminal violation of antitrust laws.
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