As soon as Bitcoin market cap starts shooting up, the SEC starts banning coins and increasing regulation. It’s a correlation as clear as day. The US government is actively trying to suppress Bitcoin/crypto growth. This is no coincidence
On the contrary, one could argue that the drop in XRP prices (and corresponding outflow of capital) has been one key drivers of the successive ATHs BTC has hit this week.
Longer term, there are many other tokens/protocols that can fulfill XRP’s functions without its obvious weaknesses.
Well, rather than attacking alt-coins wouldn't lobbying for laws to allow them to block bitcoin exchanges (or tightly regulate them) as other countries have done be stronger evidence they were trying to undermine crypto?
The GP has drawn a strange correlation in my opinion that doesn't follow logic. But I admit I could be missing the logic.
>The US government is actively trying to suppress Bitcoin/crypto growth
It's complicated. US regulators would absolutely ban all crypto if it started threatening the dollar and they had no other choice. However right now that isn't happening, and they are actually only going after pretty clear cases of fraud, which it seems like XRP was doing.
How long did you work at Amazon? I’m a current employee and absolutely hate it. But the money is good and I’m learning a lot about building large scale systems
A little over a year. I also got to work on some really cool leading edge tech, but god did the culture and environment suck. I'd give back $20k to take that time back.
Yup I agree with this. Sam Altman is no Paul graham, it he’s trying to fill the void that Paul graham left. His platitudes are generic, not insightful or original. But he has to put out “content”
The best paying tech jobs I’ve had did not ask leetcode style hazing questions. I earn more and feel more valued at a mid size e-commerce company than I ever did previously working for FAANG or quant finance forms.
I think the high wage allure of those companies only applies to very junior engineers. Once you have 4 years of experience, if you’re good, lots of places will pay FAANG levels of total comp, and most won’t put you through leetcode hazing or stick you at the back of a thousand-engineer wait line for interesting projects.
Are you in the US? There’s not many companies outside of FAANG (and the FAANG-alike like Uber and Snapchat) that pay software devs with 5-10 years of experience over $300k/year. Perhaps financial companies in NYC?
I am in the US. Most midrange ecommerce companies will meet that total comp. I’ve had total comp north of that working for not-name-brand stock photography companies, education tech companies, payment processors and online shop / storefront companies.
