211–220 of 533 posts
> I've made the difficult decision to reduce our operating expense(1) by about 25% Q/Q, which includes letting go of about 950 people read that again you're not an individual to corporations, just an expendable can only imagine the joy shareholders get out of "cutting expenses", they get richer and you peasants lose jobs
Earlier quoted context omitted.
But Bitcoin has "exploded" in the past, crashing 70%+ several times, yet each time it had a higher and higher floor. How do you explain this?
Yea this is what decriers don't explain. I may not view at as a strong currency for which it was intended but it's undeniable it has become a store for speculative value that isn't going away anytime soon. There's a lot of trash in the crypto world but also some valid projects.
Coinbase is a weird company, because it's got such an obvious comparable: CME Group. CME Group has about 3500 employees, did 1.2bn in revenue last quarter with 680m net income. Then you have coinbase now trimmming to about the same number 3500, 590m revenue and a net income loss of 550m. That's right, as far as I can see, Coinbase loses $1 for every $1 of revenue. Firstly, I don't see how Coinbase needs as many peopl…
My best guess is that raising funding helps raise the valuation, especially as they approach IPO. So raise money for the sake of raising the valuation. You don’t really need the money, but you got it. What are you going to do with it to appease the investors? Well you gotta act like you are doing something with it, especially something that shows growth. Hire more. Hire more because we imagine more. Keep imagining un…
Volumes have atrophied completely. It's not a cooling of retail interest vis-a-vis the stock market, but complete apathy and/or hatred.
See the volume data for OpenSea as an example.
Earlier quoted context omitted.
> I think we're past believing that our top .1% is bringing value that's worth billions of times more than the rest of the population. Fortunately, we do not have to rely on our beliefs here, we have an objective measure, which we call "money". If someone starts a company in their garage, and a decade later that company is worth few billions of dollars then that's the value this person brought to society - because pe…
By that only measure Nobels are thousand of time less valuable than Sam Bankman Fried
Earlier quoted context omitted.
Yea this is what decriers don't explain. I may not view at as a strong currency for which it was intended but it's undeniable it has become a store for speculative value that isn't going away anytime soon. There's a lot of trash in the crypto world but also some valid projects.
I don't know how you equate "speculative value" with "valid projects". Bitcoin has value because people are long on crypto. "Long" has an end date - just because it's 50 years instead of 10 years doesn't mean it's not coming.
There is no end date to government currency debasement.
Anyone else notice that Coinbase changed its price trend in your assets from “beginning of time period to now” to “lowest point to now”? I haven’t been able to find a view that shows a downward trend since…
that is extremely toxic and misleading. how the fuck is that allowed?
Earlier quoted context omitted.
> They literally had people with 1-2 years of experience conducting interviews last I remember. What's the problem with that?
That little experience makes it hard to judge applicant quality well and means they probably aren’t answering questions accurately. It’s a dead tell of a company which has a shortage of experienced staff and is growing too quickly — very strongly reminiscent of the dotcom bubble where people had the same “number go up!” mentality & some would openly say they were just looking busy until the IPO.
Anyone else notice that Coinbase changed its price trend in your assets from “beginning of time period to now” to “lowest point to now”? I haven’t been able to find a view that shows a downward trend since…
I've noticed Fidelity removes default graphs from dashboards or changes the time period during major market corrections. Articles urging people not to panic sell also start appearing. Here's what they emailed customers on March 5, 2020:
Historically, the economy and the stock market have bounced back and market gains made during economic expansions have far outpaced losses that occurred during recessions.
Hopefully this pivot allows them to realize promoting altcoins like Doge will not take them very far, and go deeper on the Lightning Network integration to enable their customers to move funds and use apps made on L2/Nostr