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Ask HN: Feel bad about working in crypto, what to do?

news.ycombinator.com

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Re: Ask HN: Feel bad about working in crypto, what to do?

#41

Post by hikingsimulator »

seibelj wrote: post #2

I have dedicated the majority of my professional career to crypto. I am deeply passionate about the industry and its potential to disrupt the global financial system, and IMO it has already in significant and profound ways. Whether you agree or not, it has certainly brought the discussion of fiat currencies, central banks, and the philosophy of monetary systems from the backwater of forgotten academics to a real deba…

Take it from someone who has worked in economics and finance. Cryptocurrencies and tokens are mostly considered speculative assets or derivatives with a nifty digital signature. It will not "disrupt" the industry, it will make it a bit more diversified -- possibly.

Talks of ideology aside, the conversation on fiat, central banking, etc. in the public consciousness predates the rise of crypto by a lot. If we can call it "public consciousness."

The idea of crypto as a game changer has long sinked in the harbor. What has sailed is that it is a new notch in the portfolio belt of institutional investors and banks. A cursory glance at who invests or has invested in cryto companies is telling.

Re: Ask HN: Feel bad about working in crypto, what to do?

#42

Post by EdwardDiego »

throwawaylala1 wrote: post #10

This is a tough one. I wouldn't worry that much about employability. If you're honest, hardworking, and love writing software then I don't see any issues there. I'm sure you've solved enough hard interesting problems that'll carry over to other industries. It's all about moving bits anyway. You'll even have a leg up if you have a better than average understanding of security. You may be holding yourself back because…

Employability can take a hit if the company you work for gets hacked or rug pulls, which sucks, as employees are victims in that context also, but I know a dev who finds himself a tad radioactive due to this.

That said, we're in a far smaller market. I've suggested he look for full time remote work for overseas companies instead.

Re: Ask HN: Feel bad about working in crypto, what to do?

#43

Post by can16358p »

I work for crypto industry too.

Welcome people's ideas, but pass them through your filter and do what you feel is right, not what people think.

If you believe crypto is good and love working for it, keep on.

If you don't believe so, and have a good alternative to switch, do it.

Just don't make a decision because the people around you tell you so.

Not only about crypto but pretty much applies everything in life.

Re: Ask HN: Feel bad about working in crypto, what to do?

#44

Post by capkutay »

Zoom and Netflix both lost 60-80% of their value in the last year and I don't see anyone declaring them dead. I don't work in crypto but I think there's a bit of a knee jerk reaction to seeing all the vaporware projects being wiped out (rightfully so). Consolidation and pruning of wasteful projects is good. If you feel like the work you're personally doing is positive, then don't worry about people dancing on the graves of LUNA and Celsius. ETH is still a legitimate technology with real use cases.

Re: Ask HN: Feel bad about working in crypto, what to do?

#46

Post by can16358p »

titanomachy wrote: post #30
edmundsauto wrote: post #21

Don’t worry about what the public thinks. Does your work align with your values? Do you feel it’s ethical and doesn’t take advantage of people? The public morality once thought it was unethical to help humans escape slavery. It is not a good barometer, especially when the tide against crypto has turned strictly because it stopped making speculators and scammers cash.

In my social circles, there has been intense negative sentiment against crypto consistently since 2016. Is there really a “turning tide”?

It depends on the society. In my social circles, literally every single person around me praised crypto almost religiously, for years.

Re: Ask HN: Feel bad about working in crypto, what to do?

#47

Post by yoaviram »

Maybe this will help change your mind or at least give you a better alternative within the field: http://nonstructured.com/in-defense-of-web3/

But if it doesn't change your mind and you don't believe in this industry you should find another job, somewhere which aligns with your values. I don't believe nutral is good enough.

Re: Ask HN: Feel bad about working in crypto, what to do?

#49

Post by olalonde »

If you genuinely see potential in the technology and ideology, I say stick to your convictions and remember that many opinions that appear to be widespread are just loud minorities. A lot of HN's anti-crypto stance is just an emotional reaction to the "crypto bros" phenomenon[0]. I also don't think employability will be an issue in the future, especially if you were not part of a scammy project.

[0] https://news.ycombinator.com/item?id=31356857

Re: Ask HN: Feel bad about working in crypto, what to do?

#50

Post by aptenodyte »

Check out NKN coin and new kind of network inspired by Wolfram cellular automata. The protocol is truly P2P and could change things to a workable state. Kudos for your skepticism. The world really needs a crypto to work to achieve freedom but current incarnations are nothing but scams.
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