repomies69
repomies69 on Hacker News
> Accepting a below market salary and then doing a great job is a huge risk.
By doing bad quality work on purpose will not make you learn anything. Better idea is to leave your underpaid position, start your own startup or join another that has better salary and compensation.
It is about aligning risk preferences. Being "all-in" is not likely a good thing for a founder. The founder prefers to take less risk which results to mediocre exit for the investor. The investor would rather have bigger exit or nothing, and giving the founder some money is helping to aling the risk preferences a bit towards the same direction.
As for employees? They are typically not calling the shots about company direction. I don't see a reason why investors would care about employees.
He should just have asked for all-cash transaction. I think it is fair. If they don't want to sell the company stock and buy the company with cash, or at least make an offer, then there is likelihood that there is some kind of fraud going on.
Bitcoin has worked for me all right for 10+ years. What is exactly wrong with it? At times fees have been a bit higher, but overall I would see the protocol as "good enough". For smaller transactions I have been using Lightning Network and it seems to work all right. The fact that Bitcoin hasn't hard forked for whatever reasons is a positive feature, that outweighs the negatives.
You can consider for example Ethereum, which has hard forked numerous times and changed the monetary policy as well multiple times. It just feels quite centralized and controlled by Vitalik. Harder to trust that crap.
US is likely the only jurisdiction that can actually enforce it. Other countries can't just call US government to send them back if they suspect they owe some tax.
Ah that's why they're complaining about the student loans.
In The European countries I have been living in, the concept of personal bankcrupty doesn't exist in the same way, at least. People who get too much loans kind of just hang with them, after 15-20 years they are forgiven AFAIK.
Yeah, as an employer I made much more money. It was also very stressful, as managing people can be quite a hassle. I much prefer being self-employed without employees.
Maybe start corporate-friendly fork
I used it in the beginning, but now I am back to google... I don't think the results were better with ChatGPT.
Thank god they have bitcoin
> My company can fire me tomorrow, they will forget my name in 5 days. To "fire" my company, I need to find another job, maybe in another city, working with colleagues I don't know who may eat food at lunch break I don't like the smell of.
I don't think is very good comparison, generally. Some other company could offer you a job and you can leave any time. Depending on your tasks, the company might have very difficult time finding replacement personnel. This could be very significant (relative) cost for the company.
Personally I have always lived in countries where employee protection laws are very employee-friendly. Companies can't just fire people at will, they need good reasons. There might be significant fines for misfiring for wrong reasons.
They can freeze it, but on the blockchain. As far as I understand, people can observe how much freezing happens overall, from the blockchain. This is superior feature IMO. There are tons of "paypal froze my money" all over the internet, but it is next to impossible to verify how much that is actually happening. With blockchain-based stablecoins we should know precisely the percentages of money being freezed.
They are only ceasing to operate in US, they will continue to serve rest of the world (95.75% of world population).
Also, the tendency to do so depends on your financial status. Poor people will happily sell thei ethics, those who are more well off don't have to.
It is the software compability. Things working out of the box, without hassle. Almost nothing beats that. Almost everything is secondary.
Because Hetzner is so cheap, if I end up with a faulty server I just order a new one. However that rarely happens, and mostly with the newer products. For me 98% of the servers have been very stable.
I guess it would be good habit to report the server to hetzner though.
> Hetzner feels like a hard discount cloud provider. I still prefer them over AWS or Azure for non critical workloads that have a little budget.
They are a discount provider. In my experience however, this kind of problems are very rare. They pop up now and them. I would just order a new server. In one company I was involved with, hetzner was used from the start and architecture was built around it, and at some point we calculated the costs compared to using AWS or similar. The cost savings were insane.
Hetzner is more hassle, but the question is how much do you are willing to pay to get the hassle removed, and in which way.
If Silvergate had kept their reserves in Tether instead of those 10-year goverment bonds, they would still be chugging along nicely.
Weird that in other countries it tends to work as described. My experience is from European countries is that most information is automatically filled in, then you fill the corrections. Most years you don't have to correct or add any information as they have already all of it.
AML/KYC laws apply to cryptocurrencies as well, in fact more so because they are by default more suspicious. Try depositing big amount of BTC to an exchange, you will get questions.
But do you give the loans out only in monero
> The difference between Bitcoin and TradFi shrinks every day.
Bitcoin is a protocol, I assume TradFi means traditional finance companies. The companies that deal with Bitcoin shouldn't be different from TradFi to begin with (and that's a good thing). They are typically holding and handling assets (Bitcoin) on behalf of others and philosopically I see only little difference whether you are doing that with Bitcoin, with physical assets like gold, or digital database rows like equities or bonds.
Using Bitcoin in a self-custodial manner is something else altogether.
I guess that people in US and other big countries with strong currencies don't really understand that there are smaller fiat currencies and these are actually used. I wonder how often you have to convert your USD even when traveling, last time I was visiting Africa I remember most just accepted USD or euros directly even though the countries had their own local currencies.
can you share more details pls
I'm not from US, but in my experience the tax office is a different agency compared to many others. They are happy if you are "honest taxpayer" so to say. Other agencies have different incentives.
There is endless supply of people who want money and don't care if they provide value or not, it is not that special attitude. Usually however the primary motivation is to want money without working, or at least with minimal amount of work. However naturally also the value of the work doesn't matter, the primary objective is just money, and then there are varying levels of aversion towards work.
Most of the transactions with Bitcoin happen offchain, depending of course how you define "transaction". Definition for transaction can be stricter or more lax but for sure it is not only onchain transactions.
For example Bitcoin onchain transactions are routinely compared to Visa network - fairer comparison would also include transactions from lightning network and offchain transactions within services.
Bitcoin is never going to change from PoW... That's the point of the system, Bitcoin is unchangable, unlike Ethereum.
But you are free to create your own PoS cryptocurrency. If some PoS system offers the same security features as Bitcoin, people will just switch from Bitcoin to that.
I'm not coinbase nor FTX but if I would have already made billions I would consider myself a winner. I would say that all crypto companies that have survived with some kind of profitability for more than 3 years are clear winners.
It is good hedge only after the excess leverage is squeezed out of it. Saylor and his buddies have been promoting leverage a lot, and now we see the results.