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Coinbase is rescinding already-accepted job offers

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Re: Coinbase is rescinding already-accepted job offers

#441

Post by HFguy »

DonHopkins wrote: post #116
baby wrote: post #55

Earlier quoted context omitted.

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

How about an email from the executives who made the mistake of driving the company into the ground, who are humanely (or even humanly) resigning, so that you could be paid your salary that they'd promised you? All the stock that the executives dumped could easily pay the salaries of all the people they screwed. And by resigning, they would open up some nice corner offices for all the people who they hired while fully…

I'm always surprised by how high SBC is for executives these days at some of these firms. When I was starting out after college, was at successful start-up. Two differences (1) The CEO and Founders made money but nothing like today, maybe $50-75M and they just held the stock for years and (2) The secretaries from the early days actually made $2-3M when the firm went public. Not sure that happens today.

Re: Coinbase is rescinding already-accepted job offers

#442

Post by FireBeyond »

xpe wrote: post #415
FireBeyond wrote: post #327

Earlier quoted context omitted.

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.

Agreed! :)

Re: Coinbase is rescinding already-accepted job offers

#443

Post by baby »

mvc wrote: post #127
jcranmer wrote: post #74

Earlier quoted context omitted.

The Japanese stock market peaked December 29, 1989. It has yet to reach those heights again, 32 years later.

At least (unlike bitcoin), holders of this stock have received the odd dividend now and again.

Heard of DeFi?

Re: Coinbase is rescinding already-accepted job offers

#444

Post by r3trohack3r »

chowchowchow wrote: post #432
gitfan86 wrote: post #431

Earlier quoted context omitted.

This is the point that crypto people are trying to avoid. "Don't talk about underlying value. It is very complex". It reminds me of the mortgage backed securities fraud. "You cannot criticize these complex financial derivatives, they were created by MIT PhDs."

Yeah I see what darkteflon is saying but he is clearly wrong. And condescending about it to boot. There is a meaningful and discussion worthy difference between “value” (price, really), driven by speculation and hope versus price driven by demand for scarce goods which have utility.

> (price, really)

Wealth isn’t denominated in currency - price is an exchange rate to another system of faith.

Value is the length people will go to acquire an asset. Utility is only one dimension. And true utility is arguably far less important than perceived utility. Being convinced something like gold has intrinsic utility that justifies its current exchange rate is sufficient to carry the current price regardless of whether that belief is based in reality.

Re: Coinbase is rescinding already-accepted job offers

#445

Post by r3trohack3r »

chowchowchow wrote: post #375
r3trohack3r wrote: post #331

Earlier quoted context omitted.

You will lose all of your wealth not thinking like this.

Oh I’m sure all great fortunes were built by people who believe stocks and baseball cards are equivalent investment vehicles.

> equivalent investment vehicles

This is borderline arguing in bad faith. You’ll need to demonstrate a good faith argument to continue this conversation.

All value is psychological. Money is a behavioral coordination system. Believing gold has an intrinsic value that justifies trading at $1.8k an oz is sufficient for gold to trade at that value - regardless of gold’s real utility to any holder of gold. It’s the belief that drives the value.

Every single thing you hold that you believe has value either: 1) has direct value to you or 2) can be traded for something that has direct value to you

History is full of people who mistakenly believed their wealth was far more “real” than it was.

Re: Coinbase is rescinding already-accepted job offers

#446

Post by gitfan86 »

r3trohack3r wrote: post #444
chowchowchow wrote: post #432

Earlier quoted context omitted.

Yeah I see what darkteflon is saying but he is clearly wrong. And condescending about it to boot. There is a meaningful and discussion worthy difference between “value” (price, really), driven by speculation and hope versus price driven by demand for scarce goods which have utility.

> (price, really) Wealth isn’t denominated in currency - price is an exchange rate to another system of faith. Value is the length people will go to acquire an asset. Utility is only one dimension. And true utility is arguably far less important than perceived utility. Being convinced something like gold has intrinsic utility that justifies its current exchange rate is sufficient to carry the current price regardless…

A huge percentage of economic activity has a strong correlation with real world utility. Food, clothing, housing, transportation, entertainment, childcare, medical care, banking services are all dependent on real utility being delivered in a short timeframe. If a top rated restaurant hired a new chef that was terrible and then failed it's health inspection and gave all of its customers food poisoning they would quickly lose perceived value.

I would agree that perceived value is more important than real value, but it is risky to place bets on there being a big difference between the two for a long time.

Re: Coinbase is rescinding already-accepted job offers

#447

Post by weird-eye-issue »

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.

An exit interview for a rescinded job offer?

Re: Coinbase is rescinding already-accepted job offers

#448

Post by chowchowchow »

r3trohack3r wrote: post #444
chowchowchow wrote: post #432

Earlier quoted context omitted.

Yeah I see what darkteflon is saying but he is clearly wrong. And condescending about it to boot. There is a meaningful and discussion worthy difference between “value” (price, really), driven by speculation and hope versus price driven by demand for scarce goods which have utility.

> (price, really) Wealth isn’t denominated in currency - price is an exchange rate to another system of faith. Value is the length people will go to acquire an asset. Utility is only one dimension. And true utility is arguably far less important than perceived utility. Being convinced something like gold has intrinsic utility that justifies its current exchange rate is sufficient to carry the current price regardless…

I’m just saying with crypto all we have is its price to go on, plus fuzzy allusions from people like you about how value is beyond the understanding of the unwashed masses.

For an otherwise useless digital token which can only be held or exchanged, its price would seem to be pretty relevant when discussing its value as it literally only has exchange value and no utility.

Re: Coinbase is rescinding already-accepted job offers

#449

Post by top_kekeroni_m8 »

kodah wrote: post #390
granshaw wrote: post #211

Earlier quoted context omitted.

Yeah avoiding LC interviews typically means missing out on most of the high paying companies, for some it’s worth it

For context, I will actually be making substantially more - at least one order of magnitude - wherever I land.

Probably just means you are currently underpaid

Re: Coinbase is rescinding already-accepted job offers

#450

Post by knorker »

omginternets wrote: post #329
knorker wrote: post #92

Earlier quoted context omitted.

> the fact that you no longer need a third party to mediate interactions between individual users on the internet. Could you explain this more? Like how you no longer need your ISP, or the blockchain systems run by third parties? It seems to me like just playing semantic games if the third party is supposedly no longer a third party if it's distributed. Maybe I missed something concrete about "web3"'s promises?

You’re thinking of blockchains, but I’m thinking more broadly of p2p systems. But even blockchains have the potential to satisfy the ideal that I have in mind. For example, I’ve often thought web2 SSO (sign in with Google/Facebook/etc) to be ripe for disruption by some open standard for wallet based authentication. I think I’ve even seen a few projects that come close to this. At any rate, this is the part I find int…

More broadly that sounds more like web1, not web3.

For sign in there are distributed ways. SQRL by Steve Gibson is one, that is just first and second party. No third party needed, distributed or not.

But really, any public key system, like gpg web of trust would do it.

You could even do mTLS, with self-signed certs. Or build an identity tree with signed certs.

Like all things Blockchain there's always the open question to any solution of "but why not just do it without the Blockchain, and it'll be better faster stronger?".

Indeed i see many stories of solutions where they ended up just removing the Blockchain in the end, with no loss of functionality.

If you write up your thoughts then please look at non-blockchain alternatives.

Like why is a gpg key not identity, or not good enough, but a Blockchain solution would be?

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