11–20 of 120 posts
Finally Too bad I dont know what theyre doing but Ive been really annoyed that I couldnt get FAANG compensation to write smart contracts, and thats the only kind of thing worth coding right now, from a purely market based perspective the market is saying write smart contracts and ideally get paid while learning/improving how to do so. Other Web2 organizations are not competitive in compensation. Bi-modal compensation…
It's gonna be hard to deprecate a public blockchain, but if someone can do it it's Google!
Blockchains are inefficient always-on distributed systems. If people stop paying to run all of that infrastructure, it's effectively dead even if someone else did make a copy unless they can afford to run a scaled down version — and with little demand, the ceiling for that is quite low.
[1] https://www.nytimes.com/2021/12/20/technology/silicon-valley...
Given this is "according to an email viewed by Bloomberg News", I can't help but be reminded of the "An Anatomy of a Bitcoin Price Manipulation" article that was posted here recently. [1] https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin... https://news.ycombinator.com/item?id=29966533
Given this is "according to an email viewed by Bloomberg News", I can't help but be reminded of the "An Anatomy of a Bitcoin Price Manipulation" article that was posted here recently. [1] https://www.singlelunch.com/2022/01/09/an-anatomy-of-bitcoin... https://news.ycombinator.com/item?id=29966533
Finally Too bad I dont know what theyre doing but Ive been really annoyed that I couldnt get FAANG compensation to write smart contracts, and thats the only kind of thing worth coding right now, from a purely market based perspective the market is saying write smart contracts and ideally get paid while learning/improving how to do so. Other Web2 organizations are not competitive in compensation. Bi-modal compensation…
Bit disingenuous to demand fiat currency to write smart contracts…
I guess this means the hype has finally peaked? This seems like a late, reluctant adoption and a nail in the coffin for the tech (honestly, good riddance -- Merkle trees have their uses but sheesh).
It's gonna be hard to deprecate a public blockchain, but if someone can do it it's Google!
Blockchains are inefficient always-on distributed systems. If people stop paying to run all of that infrastructure, it's effectively dead even if someone else did make a copy unless they can afford to run a scaled down version — and with little demand, the ceiling for that is quite low.
It's possible that this project was created as a sort of L8+ engineer/manager retention program. There's been some reporting that high level execs have been leaving GAMMA companies for blockchain/crypto projects with high payout potential[1]. I wonder if Google is heading in this direction to toss these people a bone with the hopes they'll stay. [1] https://www.nytimes.com/2021/12/20/technology/silicon-valley...