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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#351

Post by darkteflon »

smeeding wrote: post #306
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.

> all work this way Do they though? Unlike cryptos, gold and stocks have real material value behind them, not just community buy-in. You can make the art/baseball cards/stamps argument, but then you’d be conceding that the value of cryptos — something pitched as a revolutionary technology with limitless profit potential — is, in reality, determined by the same irrational valuation process as niche collectible markets…

I’d love to hear more about the distinction between “real material value” and “community buy-in” value. It’s not a distinction I’m familiar with from my more than 20-year career in finance.

Re: Coinbase is rescinding already-accepted job offers

#352

Post by asah »

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…

Seriously ?

So let me get this straight: now, we're not allowed to ask people if they can perform an __essential function of the job__, without being labeled "inhumane" ?

You interview for sanitation work, I want to know that you can sling a heavy bag of hot garbage.

You interview for SWE, I want to know that you can throw a sling a heavy bag of hot garbage!!!

Re: Coinbase is rescinding already-accepted job offers

#353

Post by baq »

fleetwoodsnack wrote: post #147
weird-eye-issue wrote: post #57

Earlier quoted context omitted.

Yeah this is 2022. Just email me. Saves us both awkward conversations that isn't going to change anything.

Exit interviews are an opportunity for the formerly employed to air and address their grievances too. I think it precludes a (generally) necessary transfer of information when an email is sent en lieu of a substantive discussion. As someone who’s been on both sides of the proverbial desk, I’ve come away frustrated but enlightened in some way almost every time.

there's literally zero upside for the employee to say the truth - or anything at all - in an exit interview and basically unlimited downside. maybe you got lucky?

Re: Coinbase is rescinding already-accepted job offers

#354

Post by throwaway6734 »

bingohbangoh wrote: post #221
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…

This sentiment seems common on Hacker News but I'm not sure its wise. Companies that have high standards are far more interesting places to work at and with more interesting colleagues. They all require whiteboards and leet code. It's definitely true that not all companies that use these algorithm interviews are worth working for. But, at least in my experience, companies that don't require them at all are pretty awf…

High standards != Leetcode

Re: Coinbase is rescinding already-accepted job offers

#355

Post by dwwoelfel »

lupire wrote: post #316
dwwoelfel wrote: post #98

Earlier quoted context omitted.

According to the article, they likely are getting severance. Those affected will gain access to the company’s “generous severance philosophy” and “a talent hub to allow them to opt-in to receive additional support services.” (The details surrounding the severance package are unclear, but some affected workers on Blind alleged they would receive two months worth of base pay; a representative from Coinbase did not prov…

I don't want a severance philosophy, I want a package.

They are getting a severance package.

Re: Coinbase is rescinding already-accepted job offers

#356

Post by bspear »

hackernewds wrote: post #309

Coinbase is a dumpster fire. I moved states and they suddenly disabled my account. Which is fine, but they have now been holding my staked Ethereum hostage with no ability to withdraw.The support team has no capacity, ability nor the company has installed much incentive to help (besides hitting their resolution time metrics) even if they were willing. I only air this out publicly since, it seems by design that they w…

dumpster fire sounds right. their support team is also basically non-existent, so if you ever have questions about your account, expect multiple days of waiting

Re: Coinbase is rescinding already-accepted job offers

#357

Post by darkteflon »

Alex3917 wrote: post #268
hiq wrote: post #204

Earlier quoted context omitted.

> 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…

> These theoretical benefits have been around for 10+ years with little to show for it. The closest analog to crypto distributed ledgers is, well, ledgers. If you look around you, there probably isn't a single product that could have been produced without the adoption of double entry accounting. And yet that adoption process took around 300 years. Crypto is on the exact same trajectory. When people look around them i…

> math

I do not think that word means what you think it means.

Re: Coinbase is rescinding already-accepted job offers

#358

Post by jwilk »

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”.

https://twitter.com/patdennis/status/1518637225789042688

Re: Coinbase is rescinding already-accepted job offers

#360

Post by cableshaft »

davidgerard wrote: post #260
humaniania wrote: post #159

Earlier quoted context omitted.

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

It's the other way round. When NASDAQ sneezes, crypto catches a cold. I think because there's some tech investors who put a few percent into crypto, and when the market heads south you sell your frivolous rubbish (the crypto) first. And it takes very little actual-dollar volume to tank crypto Same thing happened in March 2020, when investors panicked over COVID-19 and flew to US treasuries. Stocks went down, crypto w…

> Same thing happened in March 2020

I wish it were the same as March 2020. You had a big drop and then almost an immediate reversal that lead to an explosive bull run to many new all-time-highs until April 2021.

Instead this time it's had the big drop and been very anemic for months since, with no clear end in sight. Could easily drop more. Starting to look more and more like the two year crypto winter back in 2014. Course if I was buying a coin a month that entire time it was $200 a coin I would have been retired by now. Or at least semi-retired.

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