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Stories like this make me wonder why I keep getting job advertisements from crypto companies for absolute insane amounts of money.

LilBytes 4y ago
I wondered the same, still getting them now and I'm increasingly happy I've said no. I wasn't on the market to begin with but even if I was, Crypto has been too grey for me to gamble on. Now? It's straight up red.
- yieldcrv 4y ago
  and why do you think that is an accurate conclusion for you? are you saying that you are incapable of evaluating any specific company? You cant tell the difference between working for Do Kwon or working for Blockchain.com or working for Coinbase? are you saying that you can’t tell the difference between using your own money to buy crypto versus using none of your money and getting showered with 7-figures of crypto over 3 months that might be worth 6 figures by the time you have it to sell? Are you saying that Blockchain.com’s layoffs back to headcount levels 6 months ago moves crypto from “grey” area to “red” area for you despite similar headcount reductions being seen across the tech sector? Were you saying grey/red from a regulatory aspect? Circling back to your inability of evaluating an employment opportunity on your own? what were you saying and how did you get it from this headline…?
yieldcrv 4y ago
Their headcounts usually aren't large and they make insane amounts of money Whats the mystery there? They pay in cash, and tokens with short vesting periods of a few months which are sellable for cash, saving you 4-8 years of your life working at FANGs or being paid in illiquid lottery tickets at non-crypto startups Some also pay in traditional equity (the illiquid lottery tickets), but wont pretend like thats the good deal like all web 2.0 startups try to gaslight their employees into thinking Its pretty competitive. Remove the “crypto” peculiarity and you just have revenue generating tech startups with a product they can give you that’s sellable for cash on ebay, who might also offer you some ownership in the company also sellable at a higher price since there are a bunch of people looking to buy shares of revenue generating tech startups.
SideburnsOfDoom 4y ago
> for absolute insane amounts of money. What kind of currency do they typically pay in?
- yieldcrv 4y ago
  Dollars

LilBytes 4y ago

I wondered the same, still getting them now and I'm increasingly happy I've said no. I wasn't on the market to begin with but even if I was, Crypto has been too grey for me to gamble on. Now? It's straight up red.

yieldcrv 4y ago
and why do you think that is an accurate conclusion for you? are you saying that you are incapable of evaluating any specific company? You cant tell the difference between working for Do Kwon or working for Blockchain.com or working for Coinbase? are you saying that you can’t tell the difference between using your own money to buy crypto versus using none of your money and getting showered with 7-figures of crypto over 3 months that might be worth 6 figures by the time you have it to sell? Are you saying that Blockchain.com’s layoffs back to headcount levels 6 months ago moves crypto from “grey” area to “red” area for you despite similar headcount reductions being seen across the tech sector? Were you saying grey/red from a regulatory aspect? Circling back to your inability of evaluating an employment opportunity on your own? what were you saying and how did you get it from this headline…?

yieldcrv 4y ago

Their headcounts usually aren't large and they make insane amounts of money Whats the mystery there? They pay in cash, and tokens with short vesting periods of a few months which are sellable for cash, saving you 4-8 years of your life working at FANGs or being paid in illiquid lottery tickets at non-crypto startups Some also pay in traditional equity (the illiquid lottery tickets), but wont pretend like thats the good deal like all web 2.0 startups try to gaslight their employees into thinking Its pretty competitive. Remove the “crypto” peculiarity and you just have revenue generating tech startups with a product they can give you that’s sellable for cash on ebay, who might also offer you some ownership in the company also sellable at a higher price since there are a bunch of people looking to buy shares of revenue generating tech startups.

SideburnsOfDoom 4y ago

> for absolute insane amounts of money. What kind of currency do they typically pay in?

yieldcrv 4y ago
Dollars