pay adjustments have already been known for over a year, its not some secret. its to -15% to places like hawaii, -10% to miami, -5% to seattle/LA, or 0% to nyc
its based on cost of acquisition of labor in the region, not cost of living as you can see from hawaii
Oh, that explains it. They should also offer subsidized housing then, because their employees will quickly figure that the non-negotiation policy doesn't work on the housing market.
Where are you getting this? If you joined Coinbase in January, your equity was granted at an $8bn valuation. Today it’s at $56bn for a quick 7x in 5 months.
In any case, that's moot. Because if you join now (after they are making this change), your equity is being valued at ~$60bnm so the upside is significantly lower.
[1] If that's from the valuation at last funding round, then that's being disingenuous since no one thought that they are worth 8b then, and I would be surprised if they were offering equity at the valuation.
Facebook's guidelines were 25% confidence they could pass an onsite and they would be given one.
I'd personally rather give the candidate AND the company a chance at hiring a potential candidate than missing out on one. The longterm impact on your company is huge.
This fails to consider the fact that with 25% confidence, 3 out of 4 candidates have no chance, and you're just wasting time, theirs and yours.
There are two kinds of hiring managers- those who think the system works and they're skillfully picking the best talent, though at the last minute, without formal education on the subject, without metrics, without reproducibility, without accountability, and with minimal prep time; and those who recognize the system is deeply flawed and go along to get along.
That is only wasted time if there was next best opportunity. People are looking for work so going for on-site interview is not waste of time.
What would you do, go to the beach, hang out in a bar? So your time would be spent better. Maybe you would go to other interview where you would be hired but you cannot know this in advance.
The same with company they don't know if other candidates would be better until they actually do on-site.
If you can predict future then yes. But most don't.
> That is only wasted time if there was next best opportunity. People are looking for work so going for on-site interview is not waste of time.
What's the unemployment rate for top-end talent in Silicon Valley? 2%? 1%? This foolish strategy of candidates-time-is-free is designed to turn off people who already have jobs and want an upgrade. Not only are you _not_ hiring the best, you're limiting your applicant pool to the worst.
<sarcasm>Why, sure, I'll blow 7 hours including 2 hours' roundtrip commute to audition for a 20% chance of a $10k raise.</sarcasm>
Tron VM has a beta release out, but it's not a priority currently.
They're working on building and stabilizing the blockchain first. Dapp partnerships are coming but you cant have people commit to building on a nonexistant blockchain ;)
All the most used dapps are games and distributed exchanges for coins. Distributed exchanges do not justify the existence of these coins (which are meant to power distributed apps not just be tokens for speculation). The games don't need to be dapps they are just novelties.
Find me a dapp that isn't one of those two things with appreciable usage and I'll be impressed.
I'm well informed already about these things. Note that neither of them have significant adoption.
Security tokens are a Bad idea.
Dai is basically only useful for speculating on cryptocurrencies and so I dismiss it like I dismiss exchange dapps. This whole industry can't be built on speculating on the value of nonces.
Why could not you have both ? No one said that you need Securities transactions to be irreversible. STO can bring more liquidity to property assets and simplify dramatically otherwise complex financial operation (title emission, splitting of subsidiaries and so on).
I do hate the point that talks about adoption when we are talking of a technology that has less than 5 years of age (Ethereum for that matter). I hear it a lot and I cannot stop myself to think that this is the same kind of reasoning could have been use again Amazon in 1996 (Bookstore are a small business and Internet has no adoption)
Stable coins are a terrible idea that one day people will realize as such. The economics of a stable coin make no sense. All it takes for it to be totally useless is just enough people to refuse to accept it or the market crashing to the point where trade volume is so low you can never cash out. Just because there is 1 for 1 fiat backing, doesn’t mean you can actually claim your money.
I’ve been at BEF the last couple of days and http://www.dapp.com is exhibiting. They are launching a service to help promote these kinds of decentralized apps.
Might be a bit too early. Don’t know if the market is even close to ready.
Ensuring the integrity of your distributed application by running the same code on every node in the network is a fundamentally bad idea. It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
> It only makes sense in zero trust, monetary applications like Bitcoin and Ethereum itself - or speculative tokens built on top of them.
Which only make sense in a very narrow "technically correct" kind of way. From a larger perspective they still don't make sense. Pissing away small countries worth of electricity to validate an incredibly small number of transactions is a horrible idea.
...And that is just one of the deep, fundamental flaws in blockchain-based currency.
The duplicated code can be as simple as a few cryptographic operations for each broadcasted transaction. This can easily scale to tens of thousands of nodes and transactions per hour without requiring significant computing resources over the baseline of running a high bandwidth internet node.
When the consistency algorithm is proof of work chains, or when the proof of work is used to control the scarcity and disbursement of the valuable token, only then you have the whole "world turning into fucking Mordor" problem.
No connection to the actual world outside of the blockchain.
So mostly they are gambling apps (with source of randomness the blockchain itself), exchanges, or artificially scarce "collectibles" (like cryptokitties).
its based on cost of acquisition of labor in the region, not cost of living as you can see from hawaii