241–250 of 533 posts
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Would that really be desirable for the 80% who remain? More than likely, any career CEO who would be brought in to replace him would likely continue staffing cuts, not reverse them.
He could forgoe 75% of his compensation though, and I doubt he will, because not actually accountable.
I lost a little bit of money investing in crypto on Coinbase (I put about £500 in which shrank to £200 - over the course of past 2 years and for past year I mostly have just had money in sterling - the market looked terrible) I finally decided yesterday to cash out of coinbase yesterday - they charged me £3 to withdraw my money!! In the scheme of things I didn't lose that much money - not really. But personally I can…
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Inexperienced engineers simply don’t have the experience to make good hiring decisions. Having them being involved in the process is fine, but they should be shadowing someone more senior.
Well, most FAANGs would like to disagree. But they must all be wrong.
I am bullish on bootstrapped startup for next years.
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I think everyone was completely caught off-guard by the ferocity and pace of the crypto drawdown. 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.
Absolutely nobody paying even a drop of honest attention was surprised by any part of the crypto drawdown
What I do know is that they have a lot of things working against them: - Money is not cheap anymoore - Their market is collapsing.
I don't see how a company makes it through. Even if they navigate the present environment and manage to finance the company through the new few years, they may do so in to an ultimately collapsing market.
There is no reason to assume that crypto trading will exist in any meaningful way in the next few years. (It may, sure. You may believe, yes. Are there any clear indicators that it will stabilize and grow? No there are not.)
“ All Coinbase personnel will be given proper notice and terminated. But make no mistake. Though they're the ones leaving, it is I who must remain and bear the heavy burden of their failure.”
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Precisely, it will just get weirder and more extreme until it explodes. These are all spasms of a dying organism. The addiction is so massive though that there will be some kind of backlash or a shift to something else. It's like when the authorities cracked down on money laundering through banks, for every one they killed four new ones sprang up.
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?