5 years from now:
> Google tries to sunset Blockchain Unit, but can’t
Google Creates Blockchain Unit, Hires New ‘Founding Leader’
31–40 of 120 posts
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#32Finally 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…
Perhaps, they were waiting for you to write your employment contract as a smart contract? Maybe they found it humorous that you wanted to be paid with state-backed currency?
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#33It'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...
Is GAMMA the new FAANG? * Google * Amazon * Microsoft * ??? * Apple
Meta?
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#34Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#35Finally 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…
Perhaps, they were waiting for you to write your employment contract as a smart contract? Maybe they found it humorous that you wanted to be paid with state-backed currency?
What exactly do you think is happening here, that I went to these places with demands? I know what job roles are open and I know the compensation. I dont apply until they get more interesting, they are getting more interesting.
There are better jokes.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#36Earlier quoted context omitted.
You’re still talking a networked system which needs to be internet-accessible. Servers, bandwidth, storage, and operators are not free and that means someone has to see some value to running them.
The point is that the rewards are elastic. If less people run them, rewards increase, so more people run them again. Obviously the currency rewards are denominated in could hit $0, but that doesn't seem likely to most people at this point.
That's a distraction from the real problem: what value does someone get for keeping a blockchain running? If the founders of the project have walked away from it, how many volunteers are going to care to support an orphaned system at all rather than putting their resources into something they can get paid more for?
The usual answer would be to keep a pet project alive but that runs into the realities of blockchains: the technology is inefficient by design and that means that most of the real work and data happens off chain. Having a copy of the chain itself is likely of minimal value if the company hosting referenced data stops paying those bills, an oracle is no longer available, the client application stops being developed or is not released by its owner, etc.
This means that you can't say anything about the long-term survivability of the chain itself without saying what it's used for because that'll tell you both how many people care about it at all and how committed they'll be to continuing to maintain the chain and its clients.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#37It'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...
Is GAMMA the new FAANG? * Google * Amazon * Microsoft * ??? * Apple
Google is Alphabet tho, so its MAAMA or MAMAA.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#38It's gonna be hard to deprecate a public blockchain, but if someone can do it it's Google!
And just before, they will try to inject ads in the blockchain.
Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#39Re: Google Creates Blockchain Unit, Hires New ‘Founding Leader’
#40I 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).
There's a bit more to it than Merkle trees though