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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#411

Post by shanusmagnus »

darkteflon wrote: post #403
aahortwwy wrote: post #400

Earlier quoted context omitted.

This comment implies a great sense of knowledge, authority, and superiority on your part. But it doesn't demonstrate any of that. You couldn't even recommend specific reading. Just "a great textbook". A pretty frustrating comment, honestly.

I’m not gatekeeping. Parent’s misconception wouldn’t survive contact with any decent first-year undergraduate finance text book. There’s plenty of great curricula freely available on OCW, EdX, etc. Take your pick. Just read something. Edit: You know what, forget the textbook: spend 5 minutes on [wikipedia]( https://en.m.wikipedia.org/wiki/Theory_of_value_(economics) ). I usually just ignore this stuff. But people rep…

Anytime someone talks about how xx "isn't backed by anything, like gold" I know they haven't actually put in a modicum of intellectual work on the topic. Granted, figuring out that money of every stripe is nothing more than a belief coordination mechanism is kind of a mindfuck. Even so, you'd think smart people would at least begin down the road. But nope.

Re: Coinbase is rescinding already-accepted job offers

#413

Post by cuteboy19 »

puranjay wrote: post #350
codegeek wrote: post #196

Earlier quoted context omitted.

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.

As we all know our beloved Terra offered 20%, and this is definitely on the lower side! Pls buy into it now while it is on discount and don't ask where the money is actually supposed to come from.

Re: Coinbase is rescinding already-accepted job offers

#414

Post by cuteboy19 »

mlyle wrote: post #247
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…

> I used to sympathize and engage with the theoretical arguments; but at this point a more productive approach is: if the advantages are such and such, Distributed ledgers are being used for real business cases in banking. Realizing these full benefits will take a very slow process of societal adoption and legal/evidentiary recognition. I said "not going away". These use cases are going to slowly grow and become ubiq…

Dude I knew someone who work on that, it's not actually used for anything, just exist so that Jamie can check off "blockchain" in the next shareholders meeting. Private blockchain makes 0 sense.

Re: Coinbase is rescinding already-accepted job offers

#415

Post by xpe »

FireBeyond wrote: post #327
xpe wrote: post #324

Earlier quoted context omitted.

This is easy to say, but it is harder to convince others without showing us your data. Even a small table with anonymized company names and a few columns assessing their security foibles and work life balance would go a long way. I understand most people will say "this is too much work". The problem is that it is all too easy for someone to say "in my experience, X is correlated with Y" ... but that isn't very believ…

And yet the person he was replying to had just as little data, full of "in my experience, X, Y". But it was his comment you chose to "suggest he show the work".

Fair point. Everyone, show us your data! :)

Also, I didn't say it didn't apply. I'm not a perfectly consistent machine you know.

Re: Coinbase is rescinding already-accepted job offers

#416

Post by onion2k »

aaronchall wrote: post #371
onion2k wrote: post #364

Earlier quoted context omitted.

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"? I think there's a simple solution to the problem of algorithm testing and Leetcode problems in hiring: every company should run their hiring technical test on their current staff, at random, on a regular basis. If the current staff can pass then the test is a va…

So a company isn't allowed to raise the bar?

Using a test that you don't have the knowledge to assess is unlikely to raise the bar. It's much more likely to just mean you hire the wrong person.

If you really need to hire someone you can't assess internally then you should seek help with hiring them. This is one reason why networking and mentors are so helpful. Other people can help with this sort of problem.

Re: Coinbase is rescinding already-accepted job offers

#417

Post by asah »

kodah wrote: post #387
aaronchall wrote: post #371

Earlier quoted context omitted.

So a company isn't allowed to raise the bar?

There's a healthy way to raise the bar and there's lots of unhealthy ones. A healthy way would be bringing your current talent pool up to a higher level through training, even if that's maths (if that's what your current problem is). An unhealthy way is introducing a bunch of new talent that is tested on one niche domain of software engineering and pretending everyone needs to do that while also trying to improve fun…

In startups...

- you've got people working crazy hours and learned on the job. Are they supposed to spend extra time on this stuff when they're barely keeping up?

- the existing people have developed all sorts of niche skills of their own. I'm not trying the new folks on that stuff because... we don't need more of it right now.

Re: Coinbase is rescinding already-accepted job offers

#418

Post by hiq »

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…

> And yet that adoption process took around 300 years.

People used ledgers right after they were created, by definition, and long enough to go through all these years without that practice disappearing and without speculation to prop them up. So they brought value from the very beginning. Speculation prevents this logic from applying to blockchains (the value is making money by extracting it from gullible users).

> the trend

Which trend? If anything it's stagnant with just more scams, I still don't know anyone who uses cryptocurrencies for anything other than speculation.

Re: Coinbase is rescinding already-accepted job offers

#419

Post by hiq »

mlyle wrote: post #247
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…

> I used to sympathize and engage with the theoretical arguments; but at this point a more productive approach is: if the advantages are such and such, Distributed ledgers are being used for real business cases in banking. Realizing these full benefits will take a very slow process of societal adoption and legal/evidentiary recognition. I said "not going away". These use cases are going to slowly grow and become ubiq…

To quote Bruce Schneier:

> Private blockchains are completely uninteresting. (By this, I mean systems that use the blockchain data structure but don’t have the above three elements.) In general, they have some external limitation on who can interact with the blockchain and its features. These are not anything new; they’re distributed append-only data structures with a list of individuals authorized to add to it. Consensus protocols have been studied in distributed systems for more than 60 years. Append-only data structures have been similarly well covered. They’re blockchains in name only, and—as far as I can tell—the only reason to operate one is to ride on the blockchain hype.

https://www.schneier.com/blog/archives/2019/02/blockchain_an...

Re: Coinbase is rescinding already-accepted job offers

#420

Post by onion2k »

asah wrote: post #417
kodah wrote: post #387

Earlier quoted context omitted.

There's a healthy way to raise the bar and there's lots of unhealthy ones. A healthy way would be bringing your current talent pool up to a higher level through training, even if that's maths (if that's what your current problem is). An unhealthy way is introducing a bunch of new talent that is tested on one niche domain of software engineering and pretending everyone needs to do that while also trying to improve fun…

In startups... - you've got people working crazy hours and learned on the job. Are they supposed to spend extra time on this stuff when they're barely keeping up? - the existing people have developed all sorts of niche skills of their own. I'm not trying the new folks on that stuff because... we don't need more of it right now.

The point is that most of the time you're not actually hiring for specific niche skills that the rest of the team don't have. You just need more capacity to do what the team is already doing. In those cases if your tech test is some Leetcode algorithms question that the team can't pass themselves then asking that of a new hire is silly. You'll be ruling out candidates who could do the job well, just because they can't pass a test you don't need them to pass.

All I suggested is using the team's existing skillset as the measure to hire new people for the team, rather than some sort of arbitrary test that doesn't reflect the work they do.

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