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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#341

Post by SAI_Peregrinus »

fragmede wrote: post #321
svachalek wrote: post #300

Earlier quoted context omitted.

It's even weirder than that, it's like if Google received your messages for you and bundled them up with everyone else's, then allowed you to read your share of the bundle but never actually delivered them to you as far as the protocol is concerned. The email protocol isn't complicated though. Back before spam was a thing, lots of people could just open a port and manually talk SMTP (you could send messages as Santa,…

With the accessibility of ML these days, I'm less convinced that spam protection is that hard, if you have a little bit of patience. The spam I get is repetitive and bad, and I get enough of it that I think I could get a workable model simply by using Gmail's spam tagging to train it.

Back in the day ('noughties through 2015 or so) there was POPFile, which did Bayesian classification of emails for spam filtering. John Graham-Cumming wrote it, and it worked reasonably well. I still think of him as the POPFile guy first, then remember he's the Cloudflare CTO.

A more advanced classifier certainly do better these days.

Re: Coinbase is rescinding already-accepted job offers

#342

Post by baq »

humaniania wrote: post #159
kodah wrote: post #139

Earlier quoted context omitted.

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…

The cryptocurrency pyramid scam bubble popping is not indicative of a recession.

ponzi schemes only blow up when money dries up - and money drying up is a hallmark of economic slowdown. recession may be pushing it... for now.

Re: Coinbase is rescinding already-accepted job offers

#343

Post by scarface74 »

Hydraulix989 wrote: post #323
scarface74 wrote: post #289

Earlier quoted context omitted.

The median household income in SF is $92K. https://sf.curbed.com/2019/2/25/18239828/report-middle-class... The average software developer in SF makes more then twice that. https://www.builtinsf.com/salaries/dev-engineer/software-eng...

That just doesn't make any sense. You can't even rent an apartment for less than $3,000 in SF, let along think about buying the average $2M house. What is the discrepancy? Maybe these folks all ended up buying their houses 30 years ago?

Yet somehow half the people seem to be surviving in SF making that and less.

Re: Coinbase is rescinding already-accepted job offers

#344

Post by puranjay »

mathattack wrote: post #184

Let’s ask “Why are they doing this?” I will start by saying most indications are that the management is very rational. Sometimes companies use downturns to get rid of people that they haven’t managed properly. It’s lazy, but cutting the bottom 10% in a layoff can be less short term work than performance reviews. They avoid the PR issues by saying “everyone is doing it.” This isn’t what Coinbase did. If companies are…

Word on the grapevine is that there’s a new bill coming up that would classify any crypto that had a presale or ICO as a security. This would include practically 99% of all popular coins, but would still classify BTC as a commodity (since it didn’t have an ICO/presale)

If this is true, Coinbase - and crypto - are in for a rough time

Re: Coinbase is rescinding already-accepted job offers

#345

Post by blintz »

The detail that they also reassured the people with offers that their offers would not be rescinded two weeks ago is wild. Did they expect this not to leak? Why weren’t they transparent about this total about face in the initial announcement?

https://twitter.com/teamblind/status/1532769735393169410?s=2...

The only thing I can think to do is gently blacklist this company (personally and amongst friends). This kinda behavior needs to have some kind of consequences, I think.

Re: Coinbase is rescinding already-accepted job offers

#346

Post by darkteflon »

gitfan86 wrote: post #310
r3trohack3r wrote: post #261

Earlier quoted context omitted.

This is true of any value storage vehicle. You only make money - or get your money back out - by passing it on to the next person. Art, baseball cards, stamps, stocks, gold etc. all work this way.

People can and do speculate on collectables. The difference is that there is underlying value in the collectable. There are people who would like to own a Babe Ruth signed baseball just because it is a unique piece of sports history and have no plan to sell the baseball when the price goes up. Speculation on that asset can make the price go up far above the underlying value. But that comes at a high risk of the price…

If only I had a dime for every time someone on HN unironically threw around the term “underlying value” like it meant something they could build an argument off.

Re: Coinbase is rescinding already-accepted job offers

#347

Post by neilv »

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…

> I'd be furious at the inequality

They needn't get furious. They need to get a lawyer.

Re: Coinbase is rescinding already-accepted job offers

#348

Post by puranjay »

fosk wrote: post #235
gitfan86 wrote: post #226

Earlier quoted context omitted.

The only reason you cannot say Coinbase is isn't a scam is because it is impossible to prove that the people involved were lying in regards to the viability of crypto not being effectively a Ponzi scheme.

There is value in a global blockchain with the level of participation of crypto. And sure there are scams, there are scams in the real economy too. Ponzi is not an acronym for “I don’t understand its value therefore it’s a Ponzi scheme”.

HN has decided crypto is a scam and any attempt to change its mind is met with wild resistance

Don’t even try man

Re: Coinbase is rescinding already-accepted job offers

#349

Post by joebob42 »

CydeWeys wrote: post #19
throwk8s wrote: post #12

Earlier quoted context omitted.

If looking at percentage of the whole, there are a lot of companies tied for the "win" at ~100%.

Oh there's plenty of companies that have lost more than 100% of their value. If you go from a positive value to a negative value (e.g. you have outstanding liabilities that cannot be discharged), that's a >100% reduction in value. One good example would be old mining companies that went bankrupt. Their value cratered to zero, AND now the corporate overlords that ended up acquiring them are spending neverending millio…

Why did anyone acquire them then?

Re: Coinbase is rescinding already-accepted job offers

#350

Post by puranjay »

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.

More and more serious investors and traders are moving to decentralized platforms

That’s where the biggest money and the highest yield is achievable anyway. And the quality of decenttalized offerings is rapidly improving.

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