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Earlier quoted context omitted.
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.
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...
But why keep them if they are going to be doing useless work? In the hopes they get bored and move internally to different project?
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...
Is GAMMA the new FAANG? * Google * Amazon * Microsoft * ??? * Apple
AAAMM
MAMAA
AMAMA
etc
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…
FWIW, I'm in Palo Alto working for an Eastern European startup and not starving which I imagine is unheard of in any other space.
Earlier quoted context omitted.
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:…
Again, we don't have to speculate. We don't even know who the founder of Bitcoin is and it's still under active development.
In case you're interested, the mailing list is a great way to see what's happening in Bitcoin development: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/
For Ethereum: https://ethereum-magicians.org/
HN (2024): Google cancels Blockchain services What value can they possibly add? I can't think of any blockchain (apart from government blockchains) that I'd avoid as much as Google's.
>What value can they possibly add? Maybe something to squash, say, DocuSign? Not that you need a blockchain to do that, but I can see a Google or Apple DocuSign product growing fast because they own the mobile OSes.
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...
Is GAMMA the new FAANG? * Google * Amazon * Microsoft * ??? * Apple