While your concerns may have some merit, your take here is a bit lazy. There are certainly some things about tether that could be done better, but it is far from the picture you are trying to paint here. They've been in the business since 8+ years, and have weathered many storms and done billions in redemptions. I don't know what kind of audit you are expecting, but they have certainly done a fair few[1]. They are also not related to Binance in any way.
But more importantly, talk is cheap. If you really believe in what you are saying, there are plenty of USDT futures available in crypto markets. Go ahead and short - if you are right, you'll win big, and the downside is fairly limited.
Luna was quite bad, but it was pretty straight-forward path to death that everyone saw from a mile away. Not many people predicted that FTX and SBF will fall from grace within a timespan of 48hrs. The whole thing is also so full of scandals, theft and corruption we will be reading about this in the news for weeks to come.
mtGox was so early in crypto, there wasn't any institutional capital or major players, mostly retail/regular folks experimenting with shiny new tech. FTX is an intermingled web of retail, institutions and big name investors as well as having their own investments, huge donations to politicians, lobbying arm, etc. The fallout from this will set us back for years.
This last week has been a rollercoaster. I've been in crypto since a long time ago and have seen quite a bit, but this FTX implosion takes the crown. And to be honest, I don't think its over.
Everyone's confidence is shook, so I expect a lot projects will be delayed due to lack of funding/interest, and volume will dry up significantly in the coming weeks/months. NFT market was never particularly liquid to begin with, so it might grind to a halt for a bit.
But there's light at the end of the tunnel, I'm sure. With regulators focusing their eyes on tokens and exchanges, NFTs might get a bit of a revival some time down the road. Especially if money starts flowing into it again looking to escape the regulatory hammer.
Its hard to tell, but looks like the fall out is far from over. There are a lot of rumours running around so unsure what is true and what is not, but we've gotten confirmations from a lot of crypto companies to be affected one way or another. Genesis (a big OTC trading company) lost about 160M but their parent company wrote them a check. BlockFi seems to be in the hole and has closed withdrawals. Blockfolio (an FTX owned company) paused withdrawals. Anything SOL/SRM related is likely affected. Any market maker worth its salt had money on it as well... think we will see a lot of blood in the coming days/weeks.
Title is slightly misleading, as the linked website also includes data from European countries which are not in the EU (ie, Serbia, North Macedonia, Bosnia, etc).
Let's not mistake Coinbase's ability to execute for a lack of user interest. If anything, Coinbase has plenty of failed projects under their belt (and while they are certainly popular in the US, they are not the 'biggest player' by any measure).
A big fan and a regular user of rsync.net here. I've used their borg offering on a number of occasions for myself and companies I worked with. I highly recommend them for their pricing and excellent support.
How about a C) You work for a company that is trying to solve climate change, and at the same time in your personal life focus on decreasing your carbon footprint?
There is no reason why one cannot do both, if they want to. You'd think people that are conscious enough to seek out a climate-relevant job such as OP would also be conscious enough to care about their individual impact to climate change).
Anything negative crypto-related ends up on front page of HN. It used to bother me a bit but its become quite amusing to observe. Honestly its a meme at this point.
I'd be happy to pay for it out of pocket, but it seems like aepsy is German only? I'm afraid that wont work for me, but perhaps someone else here finds it valuable. thank you
Slightly off-topic, but since a lot of people here mention therapy: I'm curious if there any recommendations / advices regarding online therapy? Would you recommend any website or anyone in particular? I have been thinking about going to therapy for a while, but haven't found any good recommendations for a local therapist so I want to try something online.
Love the idea, hate the website. Something about these 'clever' console animations in a web browser seriously puts me off. We spent last 40 years moving away from consoles only to be sucked into fakes ones via this retro design approach. Ugh.
Exactly. This is quite common and is done all the time for remote workers, myself included.
The hiring company cannot treat you as a regular employee though (you are essentially a contractor), so you may have less 'rights' than a regular employee - i.e. your contract can likely be terminated a lot easier than a regular employment one. You may also not be able to get some benefits that a regular employee gets - ie contributions to pension funds, etc. These are often compensated by simply increasing your daily rate. I personally prefer it that way as I often find the benefits offered by the companies unnecessary.
There are also companies like deel.com that offer employers to hire people through their local branch office in pretty much every country in the world. FWIW I haven't used any myself but I have heard good things.
Hence I honestly consider remote working to be a solved problem already, but to each his own.
You are nitpicking. Not every article about addictions and drugs needs to read like a disclaimer. Mentioning phone and social media addiction here is certainly not going to change anyone's mind - people tend to ignore facts that don't fit their worldviews.
Seems like lots of IT folks have fond memories of the T420/T430 (and X220) era. I personally think it was the golden age of the Thinkpad line, going back perhaps to T40/T42, it was some of the best laptops I ever worked on. No other laptop has come close to getting it right since. It was really the perfect combination of build quality, modularity and performance that won me over.
I'm now on the new M1 Pro Mac and while the battery life is amazing, I felt a lot more confident working on my T420 back in the day. And yes I tried the X1 Carbon/Extreme lines, and I wasn't sold on them either.
LOL. OVH has turned into the laughing stock of the industry. Its a shame really, I always used to gravitate towards their offerings vs competition because I liked the fact that they have servers literally everywhere...but what good are servers everywhere when u get a major outage every few months?
Perhaps I'd tolerate the constant outages if they were actually any good at communicating. Their status page sucks. They rarely update it properly, and when they do, its hard to find the information you need and that you know relates to your servers.
There's a huge difference between deploying cameras in public places so that u can go back and look at the records if something happens, and deploying cameras across the whole city that do real-time biometric identification on a mass scale. Its scary and heart-breaking, and no amount of protocol will make the tech safe from corruption. Frankly anyone that actually believes that these systems wont be abused is delusional at best.
I agree. There are already some insurance protocols in place - see Cover Protocol or Unslashed Finance. Its still very early in this space, but things are definitely developing!
Not sure what you mean by source, but its fairly easy to find out if any official audits were done as this is always announced and documented by the involved parties (for example, I couldn't find any detailed audit info for Poly).
It's not like the audit is mandated by law, its initiated by the SC owners to put the investors at ease. A lot of companies like Certik, Consensys, ZK Labs, etc. provide auditing services for this purpose explicitly.
Yeah I can understand that. Once you dive into crypto however, you quickly realize that $600m is just not that much money (especially not if we are talking about digital assets valued at current ticker price). And that lots of money isn't necessarily the right measure of quality of the project.
A lot of these contracts, and especially those owned by first-tier cryptocurrency companies, are reviewed by 3rd party auditors. Of course that doesn't completely remove the risk, but certainly at least ensures that no obvious bugs are missed.
Heh I may have exaggerated a bit to make a point ;) realistically its more like every 2 years or so, and partially because I started from a junior role in an enterprise environment and worked my way up to independent consulting.