61–70 of 533 posts
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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…
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
If anything the downturn will create even more nonsense, as people try to keep the money flowing in. If you think of crypto writ large as a sort of accidental self-organising distributed Ponzi scheme (which isn't unreasonable), then this is exactly what you'd expect; traditionally towards the end they get weirder and weirder, as people need money coming in by whatever means.
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...
There are too many tokens with Elon Musk and Shiba Inu, and they are all interchangeable.
Earlier quoted context omitted.
> 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"
For others reading: the $60 million number is his comp from 2020, $57 million in the form of stock options. I doubt he’s getting anything close to that in 2023.
They literally had people with 1-2 years of experience conducting interviews last I remember. They were on an unhinged hiring spree before they ipo’d, so this was coming no matter what.
What's the problem with that?
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...
Earlier quoted context omitted.
What if they just wanted to earn good money or do not care in what area they work in? I hate crypto, because my motto is "all crypto is a scam, always", but given the chance to earn a lot of money with it, I wouldn't mind. Are you one of those CEOs that needs sycophant applicants that pretend working at your company on your product is their biggest dream?
I'm sure there's good money in boiler room scams, but that would be a pretty big red flag on a CV.
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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…
It reminds me of how I see a lot of applicants to LinkedIn job posts with people who list their work history all the way back, past their time in the industry. Eg McDonald’s cashier. You may think that has a positive effect (has experience talking to customers, can be trusted to handle petty cash, held a job even at minimum wage..) but in reality the first thought I have is “did bro really put McDonald’s on a backend dev resume lmfao”