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/biz/ - Business & Finance

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18699908 No.18699908 [Reply] [Original]

Ask a former ConsenSys employee anything.

>> No.18699926

when link 1k eoy?

>> No.18699947

>>18699926
Weeks, not months™

>> No.18699950

Should I capitulate from Link that I invested at 52600 sats? this board lied to me.

>> No.18699960

>>18699950
Doesn't matter, you're gonna be poor regardless

>> No.18699968

>>18699960
Why do you say that?

>> No.18699981

>>18699968
If you take the advice of /biz/ you obviously lack critical thinking skills relevant to creating and maintaining personal wealth...

>> No.18700000

>>18699908
How many link to make it?

>> No.18700014

>>18699981
Good point.

>> No.18700019

>>18699947
ballshit

>> No.18700025
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18700025

>>18699981
hello, larp department

>> No.18700033

>>18700000
Nice quints. Depends what you want to make, though.

>> No.18700037

>>18699908
how big is your link stack?
what's your username in the discord?
tells us everything you know about link

>> No.18700054

>>18700037
My LINK stack <25% of total portfolio. I have money in better moonshots.

>> No.18700073

>>18700025
not sure what this refers to

>> No.18700075

>>18699908
Do you know Daniel Fraga :D

>> No.18700086

>>18700075
Nope

>> No.18700102

>>18700054
that's because you didn't bought link at 20 cents, like every rich retard in crypto because they were smug. and you know every well this is true

>> No.18700109

so where do you see link by end of may?

>> No.18700136

>>18700102
You're not wrong -- I didn't get into LINK super early, and my cost basis is above $1, so there really isn't much more room for it to grow, esp. with its insane market cap right now. I think capital can be better deployed elsewhere for coins with higher growth potential.

>>18700109
Only charlatans make predictions on short term movements of assets

>> No.18700163

>>18700136
how much ALGO do you have? which staking coin has the most potential if i’m looking for passive income in the future?

>> No.18700184

>>18700163
I have a few thousand ALGO but honestly the chance it succeeds seems really slim. If you want a solid bet on passive income then ETH and LINK are really the way to go in my opinion.

>> No.18700192

>>18700136

What other coins are you holding and what’s your crypto portfolio breakdown on each coin/token

What was your job @ consensys?

>> No.18700229

>>18700192
>What other coins are you holding and what’s your crypto portfolio breakdown on each coin/token

I have a lot of SNX, HNS, RPL, and OCEAN but predominately my portfolio is LINK and ETH

>What was your job @ consensys?
Won't say specifics, but I worked in the fintech area

>> No.18700268

>>18700229

Is John Whelan as big as an asshole as his twitter makes him out to be? Seems self entitled af

>> No.18700288

>>18700184
ETH staking rewards are pathetic tho. can get better return buying a dividend stock.

>> No.18700293

>>18700229
Is there anything juicy in terms of usage coming up for link in the next month?

>> No.18700309

>>18700268
>John Whelan
I never interacted with him one-on-one but he seemed like a pretty nice and competent guy. There are a lot of big egos in the crypto space unfortunately.

>>18700288
ok, how has the dividend on $O done for you recently? Lol.

>>18700293
Not sure, I no longer have access to slack/email/gdrive/etc. Maybe look at infura usage statistics for an idea?

>> No.18700348

>>18700054
what will 100X in your opinion

>> No.18700365

>>18700348
100x is hard to say. I think HNS, OCEAN, SNX, and LinkPool have a reasonable chance of making huge gains though

>> No.18700405

How was the interview process? I am going through the Consensys Blockchain Developer course and will eventually apply to one of the smart contract dev positions. Also how is the work culture?

>> No.18700428

>>18700136
Imagine larping as a Consensys employee just to try and convince people to sell their Link.

>> No.18700468

>Imagine falling for this larp in 2020, while he shills his Pajeet shitcoins

Why is biz so fucking stupid?

>> No.18700469

>>18700405
Interview process all depends on what team you're joining. Mine was quite technical, not too different from a normal tech interview.

Work culture in my opinion isn't great. There isn't much accountability so many people scoot by under the radar while adding nothing of value, and PMs don't do a great job managing things. Things are decentralized to a fault, and the leadership isn't transparent. Glassdoor has accurate reviews.

That being said, I've never had a job with as much personal, self-driven freedom. Everyone is remote so it's not like you have to go into an office - I bummed around coffee shops literally around the world and loved it.

>> No.18700501
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18700501

>>18700309
with 30% of the circulating supply staked the yearly staking returns for ETH 2.0 will be 2.6% - https://ethereumprice.org/eth-2-calculator/

>> No.18700569

A while back a cuck from consensys said some ridiculous shit (I think on Medium) about how one of the main goals of ethereum is social justice. I sold all my ether after that because that kind of cultism is usually accompanied by technical incompetence. Is he still around? Is that pozzed attitude common at Consensys?

>> No.18700588

>>18699908
Is LINK a blue chip play for the next 2 yrs?

What made you quit Consensys?

>> No.18700636

>>18700501
Damn that's fucking miserable... wtf.

>> No.18700639

>>18700569
Blockchain for social justice is very much a real thing, and plays heavily into decentralization (i.e. bringing the power from centralized sources back to the people). If you don't see the connection you should reconsider your thinking skills.

>>18700588
>Is LINK a blue chip play for the next 2 yrs?
Probably

>What made you quit Consensys?
I took a better job elsewhere

>> No.18700674

>>18700501
It will work like any DeFi lending rate, when it gets too low people will withdraw and it will stabilize to the perfect amount.

>> No.18701658

>>18699908
What's the deal with Rocketpool? Why are you mentioned in their website?

>> No.18701833

>>18700639
Decentralization leads to competence hierarchies which is the complete opposite of social justice.

>> No.18701948

>>18699908
thoughts on KNC, ENJ, THETA?

>> No.18702848

>>18700639
Do you still actively buy crypto?

>> No.18703153

>>18701658
I guess ConsenSys gave them VC money? Not entirely sure.

>>18701948
I have no opinion

>>18702848
Yes, part of my paycheck goes into ETH.

>> No.18703203

>>18700636

look at interest rates anon. thats fucking huge. traditional companies would shit the bed for that kind of interest and so liquid and easy to go in and out of

>> No.18703271

>>18703153
It says a lot that you’re not ultra bullish on LINK, since you must have some in depth knowledge of Truffle, DeFi and EEA. Bearish on LINK

>> No.18703301

>>18703153
WHy did they fire you? They realized you bought link at over 1$ and it only consisted less than 25% of your folio? Or because you like larping

>> No.18703326

>>18703271
I am bullish on LINK, it's like 25% of my total stack. I'm not ultra-bullish though.

>>18703301
I wasn't fired, I quit. But they did fire lots of people, a lot of fat to trim in an inefficient organization like ConsenSys.

>> No.18703348

>>18703326
proof or larp.

Heh it could be a protocol. POL. Proof Or Larp.

>> No.18703433

>>18703348
No, sorry. You can chose to believe me or not. I really don't care.

>> No.18703454
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18703454

>>18700569
>I sold all my ether after that because that kind of cultism is usually accompanied by technical incompetence. Is he still around? Is that pozzed attitude common at Consensys?

Are you a fucking idiot? Or just really fucking stupid? Smart contracts remove the human component and blockchain tech allows for decentralized governance. What do you think will happen when someone creates a smart contract that recreates Uber, but without any platform fees other than the minimal costs to keep it going? What do you think is going to happen to all that money that would have gone to Uber otherwise that is now on the platform? Now apply that to all other thriving smart contract projects.

>> No.18703701
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18703701

thoughts on 0xbtc?

>> No.18703724

>>18703701
Complete garbage. Has zero value proposition. PoW is a consensus mechanism, not a token distribution method, so there's no reason to do PoW on a PoW chain.

>> No.18704042
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18704042

>>18703724
>>18703724
>PoW is not a token distribution method
Why not? Can you justify it or is it just a dogma?
I understand Satoshi used PoW to fulfill both purposes. But why not abstract away network security with distribution if it's possible?
Do BTC miners do their work for network security or consensus? For 0xbtc these factors are non-issue. 51% attack means nothing and centralization won't be an issue as long as SHA3Solidity algorithm isn't broken

Not to mention a lot of interesting use cases can be developed due to it's ERC-20 nature.
I know I'm the one who asked this question but I think you haven't think through yet.

>> No.18704182

>>18704042
Sure, PoW can be used as a token distribution method. However I don't think its optimal to use it in this case, because of the electricity and fees it consumes. Ethereum is already secure, so why spend all those resources mining away?

>> No.18704193

Why bullish in linkpool ?

How does a noob go about and get a job in the crypto space? Is it all about “who you know”

>> No.18704229

>>18704193
>Why bullish in linkpool ?
I think its undervalued; people will want to stake their LINK somewhere, and linkpool is the leader right now (and I think it will remain the leader in the decentralized staking space). Also the markets are illiquid and that currently limits entry into the space, so money hasn't been flowing in like it has to other projects.

>How does a noob go about and get a job in the crypto space?
Have relevant skills and apply online?