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Ask HN: Feel bad about working in crypto, what to do?

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Re: Ask HN: Feel bad about working in crypto, what to do?

#71

Post by MauroIksem »

heckerhut wrote: post #65
Thlom wrote: post #60

Earlier quoted context omitted.

ETH has been a legitimate technology with real use cases for a decade now and all we’ve got is jpeg’s of apes. With the amount of real money, talent and hard work being pumped into this space we should have seen the use cases materialize by now. But there’s nothing. I’m sure someone uses it for something real, but I haven’t seen crypto actually solve a real problem any better than a plain old database. Please correct…

Quoted post unavailable.

People like you are exactly the problem..provide a real use case where crypto and Blockchain have revolutionized something and then talk. You can't seem to do that.

Re: Ask HN: Feel bad about working in crypto, what to do?

#72

Post by olalonde »

latchkey wrote: post #63

I've been in crypto since 2014. I just had the California Franchise Tax Board literally steal money out of a bank account of mine without any warning or notice. They left $0.01 in there and charged a $125 fee. I found out today they are claiming I owe taxes from when I wasn't even living in the country (and I was paying taxes then too!). In 2021/2022, I paid more taxes than I ever have in my life. I even over paid ju…

There are a lot of stories like this. There are also a lot of unbanked people (1.7 billion worldwide). People who fail to see the value in Bitcoin/crypto often are not aware of those very real problems people are facing. Traditional banking is great so long as you are on the happy path.

Re: Ask HN: Feel bad about working in crypto, what to do?

#73

Post by MauroIksem »

granddemolisher wrote: post #64

I work for a crypto company although I truly believe we are solving something here instead of bullshit which is 98% of the industry. Sadly, investors aren't pouring money they are in tokens of goddesses. If you think all your company is doing is scam, then by all means leave. Otherwise, stay if you want to. I have not found many people who think what we are building is a scam once I explained and demoed.

What are you building?

Re: Ask HN: Feel bad about working in crypto, what to do?

#74

Post by disruptalot »

overkalix wrote: post #36

Let me interject with a related issue I've seen in HN and its "Who's hiring" posts. I'm tired of having to waddle through the crypto/blockchain/web3 offers that are seemingly and permanently 6 months away from solving most of humanities issues. Most of them are grifters and they should not be rewarded with visibility in this forum.

It's an open hiring board. Who is going to fairly judge the openings without falling into some sort of bias?

Actually I can barely find any crypto posts on the hiring threads. Maybe 5%.

Re: Ask HN: Feel bad about working in crypto, what to do?

#75

Post by camillomiller »

I think you’re in the best possibile position, actually. You’re still learning valuable generic skills about the technology, you’re not just doing crypto, so I wouldn’t worry about your employability. Regarding the backlash, do you derive this feeling you have from Twitter? Because in that case I would just suggest to ignore everyone who’s either super invested in crypto and the absolutist critics: both sides are just good at polluting the discussion with either toxic positivity or superficial criticism. A good idea could also be to avoid Twitter altogether: it’s the most toxic social network I can think of, and it’s very good at convincing everyone that opinions there actually matter something in society.

Re: Ask HN: Feel bad about working in crypto, what to do?

#76

Post by yieldcrv »

Just keep building, bear market are the best time to bake in experience points that make you the most highly compensatable in bull markets

There are people around you that kept building in the last 3 year crypto bear market

There are no insights that appeared since then that werent the same then

Re: Ask HN: Feel bad about working in crypto, what to do?

#77

Post by aldebran »

heckerhut wrote: post #65
Thlom wrote: post #60

Earlier quoted context omitted.

ETH has been a legitimate technology with real use cases for a decade now and all we’ve got is jpeg’s of apes. With the amount of real money, talent and hard work being pumped into this space we should have seen the use cases materialize by now. But there’s nothing. I’m sure someone uses it for something real, but I haven’t seen crypto actually solve a real problem any better than a plain old database. Please correct…

Quoted post unavailable.

Relax, sir/Ma’am. The person above you isn’t playing a victim or anything of the sort.

How about you provide data to prove him wrong instead of just saying he’s perpetuating a false narrative ?

What big use cases do we have that are life changing for people?

Re: Ask HN: Feel bad about working in crypto, what to do?

#78

Post by knorker »

On the black stain on the CV: the best time to quit cryptocurrency companies is before you start. The second best time is today.

It's just a year or so. Two years will look worse. Three years and you'll start looking like a fraudster.

Never too late to minimize the damage.

Re: Ask HN: Feel bad about working in crypto, what to do?

#79

Post by mmarq »

I wouldn’t worry about becoming unemployable, while I deem crypto a predatory business, you haven’t worked for the Gestapo and I wouldn’t hold it against you. But, given the whole thing may collapse anytime, I’d sharpen my interview skills so that I can jump ship if anything bad happens.

Re: Ask HN: Feel bad about working in crypto, what to do?

#80

Post by herbst »

latchkey wrote: post #63

I've been in crypto since 2014. I just had the California Franchise Tax Board literally steal money out of a bank account of mine without any warning or notice. They left $0.01 in there and charged a $125 fee. I found out today they are claiming I owe taxes from when I wasn't even living in the country (and I was paying taxes then too!). In 2021/2022, I paid more taxes than I ever have in my life. I even over paid ju…

I too had something like this happen. After a burnout and extensive travel I somehow got my whole account frozen and emptied just after I got back home.

I spend weeks begging friends to pay my bills (i.e. server bills, domains, ...) Because otherwise my business would have died because I couldn't pay for anything. It took several weeks until I had a cash flow established again.

In no world am I going to trust a bank with my active money anymore. I rather loose 50% within a week than everything within a day.

Edit:// or the one time I couldn't buy any food before Monday because I forgot (or rather didn't care) Thursday and Friday is a holiday and transferred money on Wednesday afternoon only to arrive on Monday at noon. And this is within the same bank!

Also: Imagine doing international business like a SaaS in a Industrie Visa/MasterCard doesn't allow. Without crypto I would be having 50 PayPal (Payeer, PM, ...) like accounts from several countries and fees multiplying all over.

Edit2:// Or when I was living abroad but couldn't open a bank account because I also live in Switzerland and EU banks are afraid of money laundering so much that they simply refuse to open an account for someone that could 'launder so easy'. Even thought I do have an EU passport, and a legit business.

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