Coinbase is rescinding already-accepted job offers

Post by solveit » Sat, Jun 04, 2022, 6:37 PM UTC

codegeek wrote: post #196

carlivar wrote: post #7

Coinbase tried to recruit me last summer. I politely told the recruiter that I felt it was all bubble speculation mania. Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects. I guess I was right? Not trying to brag or anything. Just a tip to everyone job hunting I guess. Watch what executives do (not what they say). Well, and human history of speculati…

I honestly don't get the point of Coinbase. Isn't it a centralized system to manage what is supposed to be decentralized and that kinda defeats the purpose? I may be dumb.

Post by turdnagel » Sat, Jun 04, 2022, 6:40 PM UTC

kodah wrote: post #139

toddmorey wrote: post #17

"While we did not make this decision lightly..." Yes but you aren't doing it humanely, either. I've been through the dot com crash and several hard economic downturns. It really puts your company's humanity on full display. It's the real test. Preserving cash flow is important. But you also have to do things carefully, openly, and with genuine care for the people who've believed in your vision. People will respect th…

The worst part is that Coinbase's interviews are difficult. If I'd spent months studying, rejecting other (good faith) offers, and then had this happen I'd not only be in a bad spot (without a job entering a recession) but I'd be furious at the inequality of input and output. I've been interviewing for the past month and I made a rule that I won't be doing any algorithm interviews. I didn't have time to study; some f…

Post by tonguez » Sat, Jun 04, 2022, 6:43 PM UTC

jes wrote: post #240

bathtub365 wrote: post #217

Earlier quoted context omitted.

It’s ok to be mad at a company if they fuck you over by rescinding a signed offer.

Of course. If someone wants to be angry, that's their choice. Yet a lot of people get angry easily, and being an easily-triggered person works against a person's life. No one wants to constantly have to walk on eggshells around another person in order to be their friend, partner, child, etc. Personally, I don't enjoy the emotion of being angry. If you do, more power to you.

Post by mlyle » Sat, Jun 04, 2022, 6:49 PM UTC

hiq wrote: post #204

mlyle wrote: post #151

Earlier quoted context omitted.

Non-repudiation is an important problem. Some things we can rely upon trusted third parties, but all kinds of things we rely on imperfect systems with notaries and trusted third parties can be more effectively solved with ledgers. A whole lot of the interesting applications are non-monetary-- proving that a record was produced and made available before a certain time and has not been tampered with since. As a world e…

> big fraction of this could be done cheaper and with a higher agree of assurance by distributed ledgers than notaries These theoretical benefits have been around for 10+ years with little to show for it. Ledger-based solutions tend to focus on a tiny technical step of a big process without considering whether that's a bottleneck or even a non-negligible part and whether improving it actually results in a better solu…

Post by epgui » Sat, Jun 04, 2022, 6:49 PM UTC

eigenvalue wrote: post #192

epgui wrote: post #123

Earlier quoted context omitted.

Growing tulips isn’t any more of an “investment” than buying tulips… Regardless of whether or not it’s profitable, it’s a speculative endeavour.

Tell that to the Dutch companies currently making tens of millions of years growing and selling tulips of all colors! See https://scitechdaily.com/dutch-tulip-fields-come-into-bloom-...