51–60 of 533 posts
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
Bonk happened within a week so you might say that rug pulls have at least gotten more efficient...
I lost a little bit of money investing in crypto on Coinbase (I put about £500 in which shrank to £200 - over the course of past 2 years and for past year I mostly have just had money in sterling - the market looked terrible) I finally decided yesterday to cash out of coinbase yesterday - they charged me £3 to withdraw my money!! In the scheme of things I didn't lose that much money - not really. But personally I can…
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is this a serious comment? Of the tech companies I or acquaintances have worked at, I've personally 'believed in the viability' of maybe 25%. If the tech / pay is good enough I could see myself work at them for sure since its a job. not all jobs require personal investment. I now see that the username is IRL_CHAD. I feel stupid for falling for a obvious troll
Oh well
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There’s a lot of us that work in industries we have no affinity to. Lots of good devs in crypto, porn, society ruining media, society ruining social media, defense, war, and just out right saas scams.
Earlier quoted context omitted.
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.
They're all hoarding wealth and offloading risk on others, it's just that in comparison, the crypto-rich are not (yet?) a social class with an army of lobbyists on its payroll.
>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.
> accountability rests with me as the CEO "As the accountability rests with me, I will be taking a 25% cut on my $60 million bonus this year"
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I'm deeply crypto-skeptic but that seems grossly unfair. I've worked for a number of startups that, in retrospect, had terrible business models. Does that make me a "true believer" in their viability? Maybe, but then I learned better. Or maybe I joined because I needed a paycheck and they had a good offer. Either way, my performance as a developer had nothing to do with the viability of their business model. Even if…
A very significant fraction of crypto companies are basically just running a scam. FTX was the third largest exchange and even they turned out to be fraudulent! At this point if you are involved in crypto, my assumption is that you are knowingly involving yourself in an attempt to scam people.
I have no problem with not being a "true believer" of the company you work for. I do have a problem with willingly working for criminal enterprises. It's not 2014 anymore, you can't close your eyes to the issues inherent to crypto.
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That seems needlessly ideological. If the engineer can do what you want of them what does it matter what their employment history is?