211–220 of 238 posts
Strange, LinkedIn shows staff of 500+ https://www.linkedin.com/company/krakenfx/ and the press-release mentioned "1,100 people, or 30 percent". Number do not add up.
Kraken regularly used shell/cover companies to hire employees. They have a pretty complex web of fronts not-called-Kraken. Entire offices are 'employed' by one of these companies.
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If you've held that opinion for so long, why did you even apply to Kraken at all? What would have swayed you to accept their offer?
Maybe they didn't apply, but was approached with an offer?
An offer, in the context of a job interview, always refers to a (paper) contract describing the job title, salary, equity, benefits and other clauses, and implies that the company is ready to hire the candidate.
However, if your assumption is correct, that the company approached eloff with an offer without an interview, that actually means an invitation to have an interview with the company, with no guarantees of getting the job, so when eloff says “I'm so glad I turned down the job offer at Kraken”, I read that as “I declined an invitation to interview with Kraken”.
I have heard many people use the word “offer” to describe an invitation to interview for a job, and it irks me every time.
> Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This is an incredible couching of the last 9 months of cryptocurrency market behavior. Does anybody actually operate on their belief that "geopolitical factors," rather than astonishing amounts of fraud , are responsible for the current downturn?
The fraud seems to get political very quickly with FTX. Sam Bankman donated enormous amounts of money to democrats. He was the second biggest donor behind George Soros. He said he also donated an equivalent amount to establishment republicans via dark money channels. Sam Bankman was clearly a smooth political operator.You don't have meeting with Gary Gensler the head of the SEC otherwise.
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> Sam Bankman was clearly a smooth political operator No, he wasn’t. This is a myth he crafted for his retail audience. He threw money around. But D.C. is filled with schmucks buying photo ops for millions of dollars. > don't have meeting with Gary Gensler the head of the SEC otherwise You’re saying SBF’s donations, and not his role as CEO of FTX, got him a meeting with FTX’s regulator?
Yeah, if I were one of FTX's regulators, I would be fascinated to meet with him. Or any other big-name crypto person. Assuming they're brave enough to set foot on US territory at all, that is.
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If it were up to HN, I swear, every company would just have 30 employees or it's a "waste".
I mean HN runs with like three dudes. People have no trouble understanding why Walmart has 2.3 million employees - because they roughly understand “each store has X”.
> Since the start of this year, macroeconomic and geopolitical factors have weighed on financial markets. This is an incredible couching of the last 9 months of cryptocurrency market behavior. Does anybody actually operate on their belief that "geopolitical factors," rather than astonishing amounts of fraud , are responsible for the current downturn?
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Lol. Tons of crap coins, fake stable coins, grifters launching ICOs, SBF, bridges getting hacked, being able to print a coin and then get randoms to buy it. Coins named after dogs that mean or reference nothing. Some 20 years? in and what value has the blockchain provided? What is it being used in that has changed the world? Crypto bulls are all the same: Hayek acolytes hell bent on currency that isn’t fiat. It is a…
I regret to inform you that none of those things are ponzi schemes. Many of em are certainly fraud, but a ponzi scheme they are not. Your incorrect definition of ponzi scheme is essentially 'basic market dynamics in an inflationary economy' and would include the vast majority of financial products in the world, including the ones your probably trust. Stocks only work if you can find another putz to buy it. People who…
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> Crypto is performing far worse than even the riskiest decile of the stock market. Which should surprise nobody. > This is not true. The riskiest stocks are down thousands of %. I mean, sure looks like you were trying to argue that crypto isn't performing worse than the riskiest decile of the stock market, which just isn't true at all.
It is though. There are plenty of growth stocks down 80%. Many of which were being pushed heavily by the Youtube finance crowd. The same ones peddling FTX (cough)...
The iShares Small Cap Growth ETF (which is a probably a decent proxy for the most volatile companies in the market) is only down 13% on the year.
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In fairness, Kraken is regulated and I suspect can't be involved in any of the crypto scams. I'd imagine they really hold deposits as they should etc. So for them it's the fact that markets are down and people aren't punting crypto, rather than "we took the USD deposits, turned them into shit coins and we're insolvent" kind of thing. I think.
Right: to be absolutely clear, I'm not accusing Kraken of anything untoward (at least, nothing more untoward than being involved in this whole industry). The statement just came across as very roundabout: we all understand that the current downturn in cryptocurrency is driven in part by a decline in "easy money" from retail customers, which in turn is partially driven by a lot of that "easy money" outright evaporatin…