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hebetude commented on Employees who stay in companies longer than two years get paid 50% less (2014)   forbes.com/sites/cameronk... · Posted by u/AlgoRitmo
JeremyNT · a year ago
> Employers don't reward long-term employees because they don't need to. Even though everyone knows you make more by job-hopping, companies are following a rational strategy because too few people "walk the walk" despite wanting more salary. Arguably unethical, but rational.

Ambitious employees "know" that switching jobs will give them the pay they're looking for, because they see those numbers right on the job postings. What's less obvious is that a current employer might really value an employee's skills, and would be willing to match or exceed the competition - if they just open up the conversation.

IME it's not even (always) any kind of rational decision on behalf of management to "stiff" people. If you have a happy employee making a wage they're satisfied with (+ annual COL), then these conversations about TC may not even come up at all. It's easy to just turn on autopilot here.

If you like your job, but you're not happy with your TC, make sure you're letting management know. It could be that everybody could end up happy. Even a good manager might not be doing this for you until/unless you advocate on your own behalf.

hebetude · a year ago
You're describing the fake breakup. Where you tell your girlfriend/boyfriend you want a break, then let them talk you back into the relationship. This is just a bad relationship move. Now they don't trust you and you have a needy or untrusting partner now.

I've had 50% pay raises that were nearly matched by the current employer. My last manager literally said the words, "What if we offered you a big bag of money to stay?". I left.

Now I work at a place where people stay literally until the die, 10, 15, 25 year tenures. My coworkers are mediocre. I'd say it's a mixture of laziness and sometimes maybe just incompetence.

It's a two fold problem. Employees that stay this long do not progress in their careers or learn new skills. I've learned next to nothing in my 5 years here. Employers that don't create churn in their workers create numerous problems. If we didn't hold a monopoly in our field, I'm sure we would have been bought out and had mass layoffs by now.

hebetude commented on Apple Shuts Down “My Photo Stream”   support.apple.com/en-us/H... · Posted by u/Brajeshwar
hebetude · 2 years ago
Free way to share photos across all your devices. Super great feature when I tuned off iCloud Photos due to costs. I’ll miss it, this won’t push me to shell out for iCloud storage though.
hebetude commented on Ask HN: Trying to explain NFTs to family on Thanksgiving – am I wrong?    · Posted by u/okareaman
chiph · 4 years ago
The problem with NFTs is that they often don't have good provenance, and so are ripe for fraud.

Suppose we have a well-known photo of the Brooklyn Bridge. It was scanned twice and separate NFTs were created and sold. The data & hash is different because the scanner had different dust patterns on the glass each time. But visually - it's the same photo. And they were sold with the promise that they were unique in the world. Which is technically true (the math proves it), but a reasonable person would not think so.

A legit source like the NYC Museum of Modern Art would be trusted to sell NFTs that are unique and collectible. However "Bob's online NFT Shop" has a really nice website & sales brochure and so far has relied on his Terms of Use to quash any rumors of selling dupes.

hebetude · 4 years ago
The problem with art is good provenance. NFTs specifically solves this issue. Provenance was a common word used by art collectors describing the issues with Art auctions during NFT.NYC. Noah Davis really opened my eyes to this topic, here's his speech at NFT.NYC https://www.youtube.com/watch?v=HeVZeXsRKhs

It would take a while to explain provenance in crypto space. It's largely based on credibility and ownership of addresses. Once credibility and address is established, it is a simple operation to prove the Bridge picture came from a specific artist. Things like ENS (Ethereum Name Service) are examples of deep support for provenance in Crypto.

hebetude commented on PayPal shuts down long-time Tor supporter   eff.org/deeplinks/2021/06... · Posted by u/_fges
hebetude · 4 years ago
Man discovers banking system is centralized and prone to corruption? Shocker! Why do you think crypto tokens are skyrocketing in value?
hebetude commented on Tether (USDT) is launching on Coinbase Pro   blog.coinbase.com/tether-... · Posted by u/WA9ACE
celticninja · 4 years ago
Well it has been called into question since tether began. Not helped my them paying an SEC fine recently for not backing it fully. It is still questionable if it is fully backed or not, with evidence or support not being supplied by the company behind it.
hebetude · 4 years ago
US government fining alternative currencies!? Of course they do any loss by US dollar is a loss for the fed.
hebetude commented on Tether (USDT) is launching on Coinbase Pro   blog.coinbase.com/tether-... · Posted by u/WA9ACE
aritmo · 4 years ago
> For stablecoins like USDT, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind Tether, Tether Limited, claims to hold reserves that fully back each USDT. As of 2021, USDT is the most widely-used stablecoin in the world, with a market cap over $30 billion.
hebetude · 4 years ago
how old is this quote? It’s 50 billion https://coinmarketcap.com/currencies/tether/.

It’s an incredibly shady coin. No doubt it was a lot of work by Coinbase to onboard it.

u/hebetude

KarmaCake day10May 4, 2019View Original