I remember getting an interview opportunity a couple of months ago. And the hiring manager said they are going fine.
Didn't age well
Binance lays off over 1k Employees
111–120 of 234 posts
Re: Binance lays off over 1k Employees
#112Off topic, but Binance UI and onboarding is a complete tipster fire.
A binance user asked me to pay USD40 using binance: I went through the process of signing up - it was incredibly difficult with significant roadblocks at every step - horrific UI choices.
A company that fails to onboard a paying user is not going to do well.
The only reason I made it through the onboarding was that I was very stubborn and I have sufficient knowledge to eventually work past the worst UI blocks. It was an extremely frustrating and confusing process.
Even once I had passed the KYC compliance and got money deposited (more nightmare), the UI is still a shitfest of unclear usability. So many obvious failures at every step.
Also they had an incentive system to refer someone, but it appears to be completely broken so even their signup incentives are a failure.
I have never had such a poor experience trying to give a company some money.
Re: Binance lays off over 1k Employees
#113Earlier quoted context omitted.
I mean you could say that about any stock or bank. If everyone tries to cash out it goes to 0.
Banks shouldn't ... in principle.
Fractional reserve banks (which is all modern banks) should in principle.
The whole point of fractional reserve banking is to leverage people's trust in banks to try to generate faster growth and profits.
Re: Binance lays off over 1k Employees
#114Earlier quoted context omitted.
This seems pretty out of touch. They're the first challenger to fiat currencies ever. Outlawing them will stifle any innovation that arises from their development.
The only notable innovation to come from cryptocurrencies is the rise of ransomware, a drain on the global economy that funds terrorists and dictatorships.
There was ransomware in the 90s. For small amounts, they often requested prepaid gift cards or for you to call premium phone numbers. For larger amounts, wire transfers to countries with weak law enforcement.
Cyberextortion rings still operate out of countries with weak law enforcement or tacit approval of their governments, so I don't know if disappearance of cryptocurrency would hurt them much.
Re: Binance lays off over 1k Employees
#115Earlier quoted context omitted.
> and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet. This is actually a worry i have about in regards to crypto, the BTC network uses a staggering amount of power. Ai is next of my power hungry worry list.
> the BTC network uses a staggering amount of power Actually, bitcoin uses a ridiculously small amount of power for what it provides. See for example here https://www.lynalden.com/bitcoin-energy/ for an introduction to clear up this misconception.
This article is basically like arguing: “Sure, using the Infant-Chipper 9000 results in the deaths of infants. But it’s a rounding error if you consider how many infants die in the world every year!”
Bitcoin purposefully wastes lots of energy to provide something of extremely dubious value.
Re: Binance lays off over 1k Employees
#116Earlier quoted context omitted.
> and is definitely not an enormous grift that's pouring lighter fluid on our already smoldering planet. This is actually a worry i have about in regards to crypto, the BTC network uses a staggering amount of power. Ai is next of my power hungry worry list.
> the BTC network uses a staggering amount of power Actually, bitcoin uses a ridiculously small amount of power for what it provides. See for example here https://www.lynalden.com/bitcoin-energy/ for an introduction to clear up this misconception.
What exactly does it provide?
So far it seems that Bitcoin mainstream use is to create speculative markets. Any other intended objective is a drop in the bucket.
Re: Binance lays off over 1k Employees
#117Earlier quoted context omitted.
No offence, but that's usually how capitalism works, the least talented are the first to go - unless we're talking about Twitter and then it's about showing off at the office.
Never in any layoff I've been a part of, have the least talented workers been let go first. It's usually by category: contractors, age (early-retirement), department, or job description.
Don't forget "most talented people who accept the severance pay and get another job" from the pre-layoff voluntary departure.
Re: Binance lays off over 1k Employees
#118Earlier quoted context omitted.
> the BTC network uses a staggering amount of power Actually, bitcoin uses a ridiculously small amount of power for what it provides. See for example here https://www.lynalden.com/bitcoin-energy/ for an introduction to clear up this misconception.
This article is basically like arguing: “Sure, using the Infant-Chipper 9000 results in the deaths of infants. But it’s a rounding error if you consider how many infants die in the world every year!” Bitcoin purposefully wastes lots of energy to provide something of extremely dubious value.
It's literally an infant chipper insofar as it enables the sale of (and thus the production of) CSAM.
Re: Binance lays off over 1k Employees
#119I haven’t paid any serious attention to crypto-type markets in a while but historically BTC/USDT was a pretty good number to look at if you could only look at one and it’s (glances)…whoa back above 30k? That’s not like peak tulip or even close but historically like, high-ish I think. I don’t particularly feel like reading the entrails of the crypto chicken at the moment so I’m going to assume that the crypto market (…
Just speculating, but I imagine BTC does well because there's way less competition sloshing around in the crypto world these days. The NFT craze is over, 20 ultra-hyped crypto coins aren't being launched every second, there's fewer (illegal) securities floating around. So if you want to be in crypto, but things are scary, and you're looking for something safe? It's Bitcoin.
Re: Binance lays off over 1k Employees
#120I haven’t paid any serious attention to crypto-type markets in a while but historically BTC/USDT was a pretty good number to look at if you could only look at one and it’s (glances)…whoa back above 30k? That’s not like peak tulip or even close but historically like, high-ish I think. I don’t particularly feel like reading the entrails of the crypto chicken at the moment so I’m going to assume that the crypto market (…
Everything you need to know about crypto today can be found at https://web3isgoinggreat.com/
That site focuses on the bad stuff but crypto goes on. Maybe check https://99bitcoins.com/bitcoin-obituaries/ for balance.