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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#421

Post by maccard »

mlyle wrote: post #380
maccard wrote: post #276

Earlier quoted context omitted.

> JP Morgan and Liink are quietly connecting hundreds of banks and using it to more robustly and quickly move payment-related information between banks. At this point you're trusting JP Morgan and link to run the ledger. What if I disagree with a transaction and fork the ledger? How is this any different to JP Morgan running a SQL database and speaking a common protocol?

> At this point you're trusting JP Morgan and link to run the ledger. Liink is ETH derived, so it's hybrid proof-of-stake and proof-of-work. (Of course, JP Morgan likely dominates both at this point, but they don't have to).

> (Of course, JP Morgan likely dominates both at this point, but they don't have to).

So what happens if someone comes along and stakes $X Billion and becomes the majority stakeholder? Do you _really_ think that JP Morgan will just sit and let that happen? That they won't fork? That Deutsche Bank will continue to stand by the ledger if a group of anonymous traders from China become the majority stake?

It's a technical solution to a political problem.

Re: Coinbase is rescinding already-accepted job offers

#422

Post by CryptoPunk »

lupire wrote: post #311
baby wrote: post #55

Earlier quoted context omitted.

How do you do it humanly? If it were me I’d rather get an email

Nobody joins a blockchain company for the humanity. The whole point of the blockchain economy is to the remove the human element.

No post body was provided.

Re: Coinbase is rescinding already-accepted job offers

#423

Post by lrvick »

jbyers wrote: post #266
lrvick wrote: post #244

Earlier quoted context omitted.

I have advised, consulted for, or worked full time at 20+ companies, interviewed at too many to think about counting, and conducted technical interviews at 10+. Without exception the companies that weighted academic algorithm skills over practical architecture skill and implementation experience had some of the most confident and brazen mistakes in security or scalability and some of the poorest work-life balance.

Without exception?

Not that I can recall, though I admit I am very biased against academic CS theory dominant interviews in general for a number of reasons and it is possible this somewhat tints my memory.

Re: Coinbase is rescinding already-accepted job offers

#424

Post by CryptoPunk »

hiq wrote: post #418
Alex3917 wrote: post #268

Earlier quoted context omitted.

> 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). > t…

>>Which trend?

1. Uniswap now has deeper liquidity on several major trading pairs than the leading centralized crypto exchanges, including Coinbase and Binance:

https://uniswap.org/blog/uniswap-v3-dominance

2. The volume of stablecoins on the blockchain is growing rapidly, notwithstanding the recent collapse of LUNA/UST:

https://www.statista.com/statistics/1255835/stablecoin-marke...

Re: Coinbase is rescinding already-accepted job offers

#425

Post by gitfan86 »

shanusmagnus wrote: post #411
darkteflon wrote: post #403

Earlier quoted context omitted.

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.

Everyone is well aware that the USD is just a worthless piece of paper. No one is suggesting that owning gold is the path to riches. We are just pointing out that investing is crypto is no different than investing in Enron or Bernie Madoffs funds.

Re: Coinbase is rescinding already-accepted job offers

#426

Post by elzbardico »

devoutsalsa wrote: post #412
elzbardico wrote: post #167

In a civilized country with decent labor laws, this would be unthinkable

Meh. Personally I’m willing to take a higher salary in exchange for fewer protections.

Higher salary but with less public services and more insecurity, in the end, it doesn't matter much. Shit happens, trust me.

Re: Coinbase is rescinding already-accepted job offers

#427

Post by scarface74 »

asah wrote: post #352
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…

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!!!

I’ve been working professionally as a developer for 25 years. What is now called leetcode was part of my day job on and off from 1996-2012 as I wrote low level cross platform C code, a little assembly, maintained a proprietary Windows CE compiler tool chain (long ugly story).

But DS&A style interviews don’t come anywhere near testing the type of work that most developers will be doing day to day in 2022.

Re: Coinbase is rescinding already-accepted job offers

#428

Post by scarface74 »

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.

Yes, and the typical startup

“we need someone who can help us write our yet another SaaS CRUD app using an MVC framework. But to get the job you have to reverse a binary tree while riding a unicycle on a tightrope juggling bowling balls. We also offer below average pay and make up the difference in statistically worthless ‘equity’ and only want 10x developers who are willing to work for 60 hours a week”

Re: Coinbase is rescinding already-accepted job offers

#429

Post by scarface74 »

throwawaymaths wrote: post #370
a_chris wrote: post #363

Earlier quoted context omitted.

Yeah, because we spend the whole day reversing a linked list in your real-life SWE job, right? It's ridiculous that we have to study all those algorithms that we will never use it in your life, it's just too much.

I had an interview once that wanted me to do A-star "find fastest routing of internet packets between sites" and when I presented a brute force path finder and he complained about the big O, I told him that his problem as framed only featured tens of graphs and his business domain as framed (as a function of the company's domain) would never have more than 20 sites, and anyways a sneakernet (ship ssds) would be faste…

Them: “Write a method to parse an address”

Me: “This is a domain I’m familiar with because I spent 9 years working in the bill payment industry. Here all of the corner cases you have to deal with. You’re much better off using these USPS certified CASS solutions instead of writing it internally for these reasons and went on to explain all of the drawbacks of writing software that didn’t give you a competitive advantage.”

The middle level developer interviewing me wasn’t impressed. The director was and I got the job and soon became the lead.

Re: Coinbase is rescinding already-accepted job offers

#430

Post by scarface74 »

kodah wrote: post #404
scarface74 wrote: post #395

Earlier quoted context omitted.

He said at least $200K. Which companies pay software developers over $200K and don’t require DS&A interviews? I doubt there are “thousands”

I live in the Bay Area, I'm looking above $200 base. There's at least ten, because that's what I started my search with. I'm down to three.

$200K and living in the Bay Area would not come near peaking my interest. I would have been better off staying at my enterprise CRUD job in a medium cost of living area with my big house in the burbs making in the mid $100s.

I’m making in the $200s now. But I found a job at $BigTech that was permanently remote.

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