52 karma · joined October 8, 2018
The whole scheme was that the companies stopped their recruiters from cold-calling each others' employees. That kept wages down by reducing the opportunities for people to get a better salary by moving between companies (or threatening to). If wages were collectively negotiated, those opportunities would not exist in the first place.
That doesn't match my experience at all, but maybe you can chalk it up to targeting?
I later found out that a company I worked for had come within 2 months of running out of cash before their next round of funding came through. I'm glad they didn't shut down at that point to pay a "proper" severance.
The whole point of proof of stake is to avoid the energy waste that proof of work requires to secure a blockchain. It's not just a technical challenge -- it's one potential solution to very problem you're describing.
Is proof of stake actually going to work at scale? I don't know for sure, and I don't think anybody else really does -- but the point is that not only are people talking about the environment, they're actively working on solutions.
If that $1 per hour provides you with a better income than your peers with less physical labor, then this doesn't sound exploitive at all.
At least prior to the recent corporate tax rate cut, the tax you'd pay on the salary would typically be less than the sum of corporate income tax and tax on the dividend, so people would pay themselves unreasonably large salaries to save on taxes, and the IRS would object to this.
Here's an article that goes into more detail:
https://www.forbes.com/sites/anthonynitti/2016/05/13/reasona...
I agree with you, but couldn't you say the same thing about using end-to-end encryption in a chat program as a substitute for messaging that's just encrypted in transit?
This seems like a pointless distinction.
If I did the math right, you can generate 1,000,000 ULIDs per second (1000 per millisecond) for around 50 million years before you can expect to hit your first collision.
I don't know about you, but I'm pretty sure any system I build won't be running 50 million years from now. Not to mention that the timestamp portion of the ULID will overflow in a mere 9000 years.
Because they trust the founders to protect the long-term interests of the company more than activist investors trying to maximize short-term profit?