Hacker News new | ask | show | jobs
by JeremyNT 43 days ago
Let's be honest, this is a crypto exchange. "Line go up" is the only philosophy these people adhere to.

> Also, I find it really bizarre that those neo feudal lords see their companies as just a life stock to count. They don't even count people, just see them as numbers to reduce/scale up. Modern tsardom, but instead of being tied via official decree you're now tied by your lifestyle and family.

People don't work somewhere like Coinbase if they're concerned about morality or mitigating the harms done to society.
3 comments
hocuspocus 43 days ago
Even better, as an exchange, they don't even necessarily care whether the line goes up, down, sideways, or in fucking circles to quote the Wolf of Wall Street. As long as it goes somewhere, and customers are charged fees.
link
Auracle 43 days ago
Eh. Presumably there’s a ton more trading when the market is hot (and a somewhat lesser extent, when in a bi bear market).
link
delis-thumbs-7e 43 days ago
Bi bears are not hot? I beg to disagree!
link
mvkel 43 days ago
Ironically, if they adopted a Wall St boiler room culture instead of masquerading as an innovative tech company they'd probably be doing a lot better.
link
l0gicpath 43 days ago
I fail to see how this is specific to a crypto company. You’re drawing a correlation that’s not backed up by any empirical evidence.

The GP post describes a common problem in _most_ workplaces in the market today. It’s not specific to crypto, AI, or anything in between.

link
cheema33 43 days ago
> I fail to see how this is specific to a crypto company.

It is not specific to a crypto company. But the element of it being a crypto company cannot be ignored. Crypto companies are not like ordinary businesses. They have very unique qualities to them. Same with crypto industry as a whole. Ever been to a crypto conference for example? I have read about and have seen the videos. These things have the highest concentration of the scammers and the gullible any one place.

link
senordevnyc 43 days ago
Ever been to a crypto conference for example? I have read about and have seen the videos.

Actually, it sounds like you’re the one who hasn’t been to a crypto conference :)

link