[monero-xmr]

HN has a major blindspot for blockchain tech. The biggest pay packets for engineers I'm seeing are for AI and blockchain companies, and the liquidity events for blockchain engineers are far faster. There are many deep tech problems in the blockchain space that are interesting to solve, from cryptography to distributed computing to verifiable computation to economic incentives. The valuation of crypto has risen significantly lately, despite endless speculation from the cognoscenti about its demise, and very little chatter on HN about it.

[hobs]

I don't think we do, its just that just like I don't want to work for big oil, defense, or tobacco companies, I have no interest in working on cryptocurrencies when their biggest contribution I see is rug pulls and proof-of-waste algorithms.

[monero-xmr]

I don't think companies like Coinbase, Circle, or Kraken are rug pulls. USDC is a very interesting concept. Ethereum uses Proof of Work (which is an interesting game theory problem to solve itself), which does not energy consumption to secure their network.

[treyd]

It's still undeniable that most crypto projects exist primarily to get retail investors to buy in to allow VCs and other insiders to cash out on them. Not directly as a simple rugpull but a longer term slow bleed, using the leverage they hold in an ecosystem in the near term to manipulate it in a direction that's useful to them in the long term. a16z is massively guilty of this.

[Nouser76]

Just a note, Ethereum uses Proof of Stake now instead of Proof of Work, which is what drives the reduction in energy consumption.

[monero-xmr]

@dang why the heck is this thread flagged? Makes no sense