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Re:Coinbase is a mission focused company by vmception on Sunday September 27, 2020 @11:21PM (#24612655)
Completely agree. Where I was working in 2016 in SF, many employees were reading FiveThirtyEight all day in the summer leading into the election and I occasionally mentioned "its clear how this data is not accounting for certain things" - you know like the entire rest of the country that isn't along the coasts. People didn't want to hear it and acted surprised, like really shocked and disheveled, relying on their filter bubble and FiveThirtyEight's one time stellar performance in 2012.

I watched how people acted like the "worst case scenario" would have been an opposition party getting a tie in the electoral college and not the landslide that occurred. For that party's re-election campaign I am seeing the same conjecture, modeling worst case scenarios about a "slim electoral college victory".

So instead I just placed undervalued bets on prediction markets for a nice payday. Peter Thiel essentially did the same thing, on a bigger scale and reaped disproportionate benefits.

People should just focus on the company's mission statement. I am glad more companies are taking a page out of Netflix's old culture document, dissolving the "we are family" bullshit in favor of a championship team aspiration.

Re:Coinbase is a mission focused company by boring_twenties on Sunday September 27, 2020 @11:51PM (#24612794)
Weren't 538's pretty much the only predictions that gave Trump a decent chance at winning 2016? IIRC, they were somewhere around 30%.
Re:Coinbase is a mission focused company by vmception on Monday September 28, 2020 @12:21AM (#24612926)
yeah, I bought Trump on prediction markets between .10 and .30 to ride those up to 1, so sounds about right