331–340 of 461 posts
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This is true of any value storage vehicle. You only make money - or get your money back out - by passing it on to the next person. Art, baseball cards, stamps, stocks, gold etc. all work this way.
You will lose all your money thinking like this.
Coinbase is a dumpster fire. I moved states and they suddenly disabled my account. Which is fine, but they have now been holding my staked Ethereum hostage with no ability to withdraw.The support team has no capacity, ability nor the company has installed much incentive to help (besides hitting their resolution time metrics) even if they were willing. I only air this out publicly since, it seems by design that they w…
Coinbase is a dumpster fire. I moved states and they suddenly disabled my account. Which is fine, but they have now been holding my staked Ethereum hostage with no ability to withdraw.The support team has no capacity, ability nor the company has installed much incentive to help (besides hitting their resolution time metrics) even if they were willing. I only air this out publicly since, it seems by design that they w…
The cruelest part of this: https://twitter.com/TeamBlind/status/1532769735393169410 2 weeks ago they sent out emails saying "we will not be rescinding the offers of any employees who have already signed or have received an offer from us". They then proceeded to rescind offers from people who received this assurance. 2 weeks is long enough that people signed leases, resigned from jobs, moved cities. And yet it's also…
I mean in all honesty it these prospective employees can hold out and get good counsel they may end up with 5+ years of salary in settlement negotiations.
Coinbase is a dumpster fire. I moved states and they suddenly disabled my account. Which is fine, but they have now been holding my staked Ethereum hostage with no ability to withdraw.The support team has no capacity, ability nor the company has installed much incentive to help (besides hitting their resolution time metrics) even if they were willing. I only air this out publicly since, it seems by design that they w…
I mean, it's been pretty explicitly warned that you can't withdraw until the Eth2 merge. This is not a Coinbase issue, this is a staking issue.
Already been discussed yesterday https://news.ycombinator.com/item?id=31600505 It is no different than been fired I don't understand the noise it is making
> It is no different than been fired I don't understand the noise it is making Exactly. Not sure what the fuss is all about other than these companies not caring about you. I've seen worse and Fast straight up shut down [0] after assuming that the VCs will just bankroll them despite Fast making little to no money for years with an extremely inflated valuation in the multi-billions. I think lots of people have also fo…
No, it was 'you get a paycut if you move out of where you were working, into a lower-wage region.' Most (but not all) remote jobs in remote-only, or remote-first firms will cut your pay if you do that.
When the pandemic started, and the office closed, a few people certainly did just that (with, or without notifying their employer), but the firm never made any promises that this sort of thing will work out.
> then it was 'back to the office by spring 2022'
In some orgs/teams, yes. In others, no. In Meta/Google, this is not a corporate-wide mandate, this is up to your director to make a decision on. Mine has no problem with remote, and we've hired two 100% remote people in the past 6 months.
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> Also the amount of equity sold by the CFO at the public listing indicated little confidence in the long term prospects. As you note, since it was a direct listing and not an IPO, there isn't really an analog to many other companies. My opinion about why they did a direct listing is because institutional investors didn't want to touch it, and that memetail traders (a portmanteau of meme and retail) are undiscerning…
Slack and Spotify did direct listings as well.
No offense to the companies intended, I like both of their products.
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It is very difficult to believe Brian Armstrong was cynically cashing in on what he perceived as a Ponzi ten years ago when he founded Coinbase (he posted an ad for a co-founder here on HN).
Unless you personally know him well and have spoken with him at length about this, I don't think that opinion is based on anything substantial. A post on HN looking for a cofounder tells you only what the person wants you to believe they're thinking and feeling about what they're doing.
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We are probably already in one. Q1 GDP already shrank.
Recessions are definitionally 2 quarters of consecutive shrinking GDP growth so 1 quarter of shrink can not qualify as a recession