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Shame Boy posted:coinbase is firing 18% of their employees, as I just found out through my feed of the post above yours yes but did that tell you reorg research is blasting out email alerts on coin base to bankruptcy professionals 
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Jun 14, 2022 13:41
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Now I understand. https://twitter.com/richard_normal/status/1536362280287444993
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Jun 14, 2022 13:42
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evilweasel posted:yes but did that tell you reorg research is blasting out email alerts on coin base to bankruptcy professionals why're they notifying coiners about that?
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Jun 14, 2022 14:01
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...! posted:I SHALL SIPHON ALL VALUE FROM EVERY CURRENCY OF THIS WORLD look at you, hodler a pathetic creature of meat and bone, panting and sweating as you try to get up off the couch
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Jun 14, 2022 14:06
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frog blast the vent coin
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Jun 14, 2022 14:07
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evilweasel posted:coin base is firing 18% of their employees, as I just found out through my feed of news for companies that might go bankrupt soon
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Jun 14, 2022 14:14
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coelomate posted:18% layoffs at Coinbase quote:Affected employees received a notification from HR. If so, the memo was sent to a personal email as Coinbase cut off access to the company systems. Armstrong called it the “only practical choice” given the number of employees with access to customer information, and a way to “ensure not even a single person made a rash decision that harmed the business or themselves.” 1) Lol at not even telling people to their face, just switching off their account and leaving a note in their Gmail. 2) Why do such a huge number of your employees have access to customer information? 2a) Further lol at management being like "oh yeah the people we hired would totally torch this place on the way out"
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Jun 14, 2022 14:17
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mrmcd posted:2a) Further lol at management being like "oh yeah the people we hired would totally torch this place on the way out and we wanted to get there first" ftfy
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Jun 14, 2022 14:23
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doingitwrong posted:Now I understand. "I am not corn! Corn is not my net worth! I am not shrinking into a corncob!"
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Jun 14, 2022 14:27
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mrmcd posted:2a) Further lol at management being like "oh yeah the people we hired would totally torch this place on the way out" hell i'd torch the place on the way in if they hired me
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Jun 14, 2022 14:35
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doingitwrong posted:Now I understand. i love how when bitcoin is going up it's all "we're going to the moon and nocoiners will have to beg us for scraps" and when bitcoin is going down it's all "the real bitcoin price was the friends we made along the way"
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Jun 14, 2022 14:52
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looks like "to the moon" is the new "rock star" in recruiting 
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Jun 14, 2022 14:56
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Qwertycoatl posted:i love how when bitcoin is going up it's all "we're going to the moon and nocoiners will have to beg us for scraps" and when bitcoin is going down it's all "the real bitcoin price was the friends we made along the way" number go up: no coins for you? enjoy being poor, fucker number go down: why all this focus on number? very unseemly imo
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Jun 14, 2022 15:06
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Powerful Two-Hander posted:my name is ozymandao, coin of coins, look upon my balance sheet ye holders and despair!
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Jun 14, 2022 15:44
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So far we have - Crypto.com firing 5% of their workforce - Coinbase firing 18% - Binance halting withdrawals for two hours - Celcius imploding On the last point it's looking like Celcius took everyone's ether then locked it away in ways that mean they potentially won't get access to them for a year https://twitter.com/yieldchad/status/1533529209137684485?t=gltFE8JMKJ3K3Hqhnfvphw&s=19
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Jun 14, 2022 15:56
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Jun 14, 2022 15:56
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 but cropped like this you miss out on Proceeded to poo poo the bed with the lights on I'm 100% sure someone has made an edit of this three-panel but changed 'stock market' to 'Bitcoin' in the past.
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Jun 14, 2022 16:07
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NoneMoreNegative posted:
i didn't want to make the edit so i cropped it out
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Jun 14, 2022 16:28
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Coinbase is having a good time: https://twitter.com/JuddLegum/status/1536728563877138433?s=20&t=xZipomm1Ffgbvv7ar4Sqsg https://twitter.com/JuddLegum/status/1536730051256934400?s=20&t=ofzIs3FpR9UYJwtQd8LcUQ https://twitter.com/JuddLegum/status/1536731447960141825?s=20&t=xZipomm1Ffgbvv7ar4Sqsg
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Jun 14, 2022 16:28
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https://twitter.com/jonwu_/status/1536476104986267648
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Jun 14, 2022 16:31
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Loving Africa Chaps posted:On the last point it's looking like Celcius took everyone's ether then locked it away in ways that mean they potentially won't get access to them for a year if i'm understanding this right, they've locked it up so that it can't be recovered until ether goes proof of stake, ie the event that's been totally going to happen in a few months for years now
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Jun 14, 2022 16:38
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Qwertycoatl posted:if i'm understanding this right, they've locked it up so that it can't be recovered until ether goes proof of stake, ie the event that's been totally going to happen in a few months for years now until ether goes proof of stake +12 months, so even if that happened tomorrow they're still hosed
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Jun 14, 2022 16:38
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haveblue posted:until ether goes proof of stake +12 months, so even if that happened tomorrow they're still hosed yup. they also appear to have around 90% of steth so they can't even offload it.
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Jun 14, 2022 16:44
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that all sounds like a very complicated tapestry of fraud and flimflam so i'm going to go with this description instead
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Jun 14, 2022 16:52
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Sapozhnik posted:that all sounds like a very complicated tapestry of fraud and flimflam so i'm going to go with this description instead it's a whole heap of flimflam and fraud. gobs of it. cryptobros get startup money, get lots of investor money, vastly overleverage themselves, house of cards has collapsed. everyone is hosed, and the cryptobros are hoping to get away with it.
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Jun 14, 2022 16:53
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well when the flimflam men say it's the 99% against the 1% they aren't lying
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Jun 14, 2022 16:57
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The worst thing you can do with the money in your crypto company is use it to buy crypto, you’re doubling down on the scam!
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Jun 14, 2022 17:01
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haveblue posted:frog blast the vent coin
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Jun 14, 2022 17:04
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mrmcd posted:2) Why do such a huge number of your employees have access to customer information? a real bank or financial institution would have support and service reps connected to customer account data and those pools could be rather large. they'd also have allotments aside from nuking the entire employee account and have them tiered to limit editing and viewing i do wonder what the plan is for the existing employees. if they didn't trust the ones they fired to not burn it all down now, why should they trust the current ones? Agile Vector fucked around with this message at 17:06 on Jun 14, 2022 |
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Jun 14, 2022 17:04
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customer: hi, i can't withdraw funds, what's up? coinbase rep: hmm, it looks like i'm having trouble accessing your account. please hodl
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Jun 14, 2022 17:08
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Golden Bee posted:The worst thing you can do with the money in your crypto company is use it to buy crypto, you’re doubling down on the scam! and these geniuses, they didn't even buy crypto. they bought something that will turn into crypto if and only if etherium changes the core method that they operate which has the same likelihood of occurrence as grrm finishing the asoiaf series. they bought so much of this putative-cryptocoin that they can't even sell it if they wanted to because there simply is no one interested in buying it. they could liquidate maybe 10% of their holdings which would also further drive the gulf between the not-yet-a-coin and the coin it might become. as of the tweetstorm, it's currently at a ratio of 0.96. if eth forked tomorrow, in a year they'd get all of their different-eth in eth, but this would also just be a fork and the original proof of work eth would continue going while stake eth becomes the new bitcoin cash that they yell at you about for abbreviating bcc.
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Jun 14, 2022 17:09
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https://twitter.com/briankrebs/status/1536715362422628353
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Jun 14, 2022 17:11
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my employer has dozens of different systems that have access control lists which can be configured any number of ways with a single employee sign-on, so the notion that a large tech company can't figure out how to give access to email while disabling more sensitive systems is laughable. the only explanation is sociopathic laziness.
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Jun 14, 2022 17:11
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Agile Vector posted:customer: hi, i can't withdraw funds, what's up? customer: hi, i can't withdraw funds, what's up? coinbase rep: hmm, it looks like i'm having trouble accessing my account. please hodl
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Jun 14, 2022 17:11
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Agile Vector posted:customer: hi, i can't withdraw funds, what's up?
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Jun 14, 2022 17:11
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Agile Vector posted:a real bank or financial institution would have support and service reps connected to customer account data and those pools could be rather large. they'd also have allotments aside from nuking the entire employee account and have them tiered to limit editing and viewing They also have, and this is wild, mechanisms to undo bad transactions.
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Jun 14, 2022 17:13
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tima posted:customer: hi, i can't withdraw funds, what's up? "Your accounts are being hodl'd. Do not resist"
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Jun 14, 2022 17:13
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tima posted:customer: hi, i can't withdraw funds, what's up?
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Jun 14, 2022 17:14
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kw0134 posted:my employer has dozens of different systems that have access control lists which can be configured any number of ways with a single employee sign-on, so the notion that a large tech company can't figure out how to give access to email while disabling more sensitive systems is laughable. the only explanation is sociopathic laziness. i think they're not really a large tech company. they're a small tech company which has been hiring over 1000 new people every year without actually going through the normal company growth process. so you have all the immature systems and lack of structure of a new startup, with a few thousand people milling around not knowing what they're supposed to be working on
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Jun 14, 2022 17:15
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kw0134 posted:my employer has dozens of different systems that have access control lists which can be configured any number of ways with a single employee sign-on, so the notion that a large tech company can't figure out how to give access to email while disabling more sensitive systems is laughable. the only explanation is sociopathic laziness. probably the most extreme case though
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