381–390 of 391 posts
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Examples please.
Jesus people on HN must all the be on the spectrum. Everyone's joke detectors are broken
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It's not that misleading. This isn't an early employee who held onto his shares. He joined less than two years ago. He got an insanely high compensation package.
It turned out to be an insanely high compensation package because of the volatility of crypto
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Would say in all seriousness while nodding at your comment that America was founded on exploitation, not just of natives and Africans but of future waves of immigrants as well, etc, and of the idea of the supremacy of the owner class (within which there was some relative, legally enshrined equality). The history of America is literally one of enabling experimentation and innovation in exploitation, of the framing tha…
As a first-generation immigrant I completely disagree with your framing here and it makes me sad that you view the United States in such an incredibly dismal way. There are many problems here, to be sure, but the US is undoubtedly one of the best places in the world to live, and, like very few other countries, tries to improve on its past, generation after generation.
I personally find the mental model that includes the dynamics of dominance and subjugation along with the responses of solidarity and resistance extremely helpful in understanding the world as a whole. Why are things a certain way etc? Because of X.
It is a physics, and is more completely predictive and reliable than a mental model that sees only oppression and anxiety (as many people are limited to) or one that sees only ambition and advantage (as many peoples' blinders dictate).
Going further, I would argue that the existence of exploitation in a system is in fact essential, as is providing tools to resist and join and brace against it. But eliminating it is impossible and a non-goal.
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1. He tried to sell a product 2. This product turns out to be a scam 3. His fault for trying to sell a scam That this crook extracts $100 million for this is a symptom of a broken society.
Coinbase is not a scam - the service they provide is the buying and selling of cryptocurrency which they do just fine. I don't like crypto either but calling everything related to it a scam is just intellectually lazy.
From the article > According to the SEC, chief operating officer Emilie Choi booked $106 million in stock sales that same year.
So it's less that they overpaid him and more that all of the exec team other than Armstrong didn't believe in crypto and sold their a chunk options pretty much as they vested
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I agree that crypto is 100% negative-sum in my experience. (Especially the ones that are proof of work which literally destroys our one biosphere through wasting electricity.) Most recently, I got a "legitimate" (doxxed, "real") job offer via HN, got hired and scammed, wasted hours of my time. Crypto is scamsville.
I'd like to hear more about this.
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It's not contrarian to take a rational view of the situation. Well, actually, never mind.
You are having the word rational do a lot of work there. also, just because something is rational doesn't mean it's reasonable, which runs entirely contrary to your point. But you didn't realize this because you are not reasonable. You just care what passes the rationality bar. It's much lower.
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I'd like to hear more about this.
Someone reached out via my Hacker News "who wants to be hired" comment offering a job. We did interviews, I got hired, onboarded and introduced to the team. They missed meetings and then disappeared before the first discussed paydate, ghosting me. They were set up in every way to do this. It seemed to be their standard M.O.
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Someone reached out via my Hacker News "who wants to be hired" comment offering a job. We did interviews, I got hired, onboarded and introduced to the team. They missed meetings and then disappeared before the first discussed paydate, ghosting me. They were set up in every way to do this. It seemed to be their standard M.O.
How do they profit from this?
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Mostly agree, but this part isn't really true: >But as the majority shareholder it's effectively their company, and they can do what they want with what they own (basic freedoms I think we all agree on?). For example, Elon, as majority shareholder, could simply liquidate Tesla and pocket his share of the sale. It's his company. Minority shareholder oppression is a thing.
> Minority shareholder oppression is a thing. Yeah, but minority investors know that going in . If I buy 10 shares of Google, it's unrealistic for me to think that I hold any power as a shareholder. I'm simply along for the ride. A large investor buying say, a 25% stake in a company, while being aware of an existing 51% voting block, knows that their 25% position is a minority and does not come with significant influ…