Re:Most of Rust job offers are in crypto
by qualudeheart on Thursday May 26, 2022 @05:06PM
(#31523363)
Each crypto market crash has only been a temporary set back. Market cap could drop 75% and still bounce back within the year.
The hyper-competitive and trustless nature of crypto rewards the most elite projects staffed by +4 SD minds. It’s like how Quant funds are a darwinian bloodbath.
The only way crypto is going away for good is replacement by vastly better technology or assets.
Crypto is just what you get in a zero interest rate world. That's how it started (fear of money inflation).
With interest rates in steady state rates, people would choose wisely if it's better to stash money into a regular savings account or into void of cryptoschemes with occassional jackpot.
I agree - the replacement is better assets, such as cash. When it is priced reasonably again.
Re:Most of Rust job offers are in crypto
by qualudeheart on Thursday May 26, 2022 @07:39PM
(#31524575)
Those are good points. I haven’t seen much discussion of interest rates in crypto circles even with all the shady 10% APY staking programs designed to compete with savings accounts.
After it all crashes, hopefully these rust coders will find their way into traditional finance and tech and displace C++.