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Coinbase cuts staff by a further 20%

coinbase.com

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Re: Coinbase cuts staff by a further 20%

#12

>accountability rests with me as the CEO There it is. Rings incredibly hollow when the same line was trotted out just a few months ago with zero impact or meaning behind the statement, given it clearly didn't change anything.

Unless he resigns along with the people he lets go, there is no accountability.

Re: Coinbase cuts staff by a further 20%

#16
post #4

First I was thinking, "hey maybe the recent downturn in crypto will weed out the most obvious nonsense" But now I see #1 story on Coindesk "Shiba Inu-Themed BONK Tokens Are Yielding Nearly 1,000%" So I guess we are not there yet

It's a pump and dump with most of the tokens centralized in top 20 wallets. Crypto needs to die.

I agree, but 1% of society holds more wealth than the bottom 50%. To a passing observer of crypto, they see that a few have extreme amounts of wealth, just like every other currency, and think everything seems normal.

Re: Coinbase cuts staff by a further 20%

#19

Earlier quoted context omitted.

It's a pump and dump with most of the tokens centralized in top 20 wallets. Crypto needs to die.

I agree, but 1% of society holds more wealth than the bottom 50%. To a passing observer of crypto, they see that a few have extreme amounts of wealth, just like every other currency, and think everything seems normal.

They don't see the difference in mechanisms. Getting rich through pump and dump vs getting rich through making or doing something people find valuable.

Re: Coinbase cuts staff by a further 20%

#20

[flagged]

I hate crypto as much as the next guy, but that's nonsense, sorry. You are filtering out possibly good people. There are still, even now in 2023, so much jobs that are crypto-related, and people still need something to eat.

If you are a Rust developer, you pretty much need to do blockchain stuff, as most of the Rust jobs are related to that. And so on.

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