Same with https://www.researchhub.com/
HN user
barmstrong
Co-founder and CEO at Coinbase (YC S12), previously software engineer at Airbnb and founder of UniversityTutor.com.
https://www.coinbase.com
Someone should make a documentary about the history of StarCraft and where it's going next
I also wish we saw more AI leagues and gameplay
One of the best games of all time.
Really liked this post - brings up some great points, and I consider Moxie a friend.
Here are a few notes that came to mind though...
1. For NFTs, some keep their data in IPFS (decentralized file storage) or in the smart contract itself for procedurally generated images. We (as a community) should probably move more to solutions like this over time, since it is indeed more decentralized to build them that way.
2. I agree with the overall point that clients don't behave like full nodes. However, there has been quite a bit of discussion about "light clients" in the crypto community even going back to the early days of Bitcoin/Ethereum, so i wouldn't say it hasn't been an area of focus.
3. I agree there is an overall move toward using platforms. But there is a big difference between using a platform that also owns all the data also (web2) and a platform that is merely a proxy to decentralized data (web3). In the latter, if a platform ever turns evil, people will switch. Not owning the data counts for a lot.
4. There are more options than Infura and Alchemy. Access to simple blockchain data will be relatively commoditized. Which is good for decentralization.
As Moxie points out, it's still difficult to build things in a decentralized way (nascent tools), so you are seeing various apps/companies revert to using more centralized web2 techniques when they run into a hairy technical problem. As a result, there are a lot of "hybrid" web2/web3 apps during this phase of web3 development. That doesn't mean the overall trend is bad though. I think it's great that more and more web3/decentralized technologies are being developed.
I do agree that all networks tend toward centralization over time. Great book on this https://www.amazon.com/Master-Switch-Rise-Information-Empire...
I don't think crypto is anywhere near this end stage though. We are still seeing a lot of new technology and players enter the space. It's not "already centralized" as much as it is "still using some web2 components".
These points aside, the post is great and I basically agree with the overall premise.
No he did not. We didn’t even discuss it.
I'm also a founder of an $xB fintech (Coinbase!) and I have to say, this does not ring true to me at all.
I've known Patrick since 2013 or so, and I have found him to be nothing but the highest integrity. Same for John. We are semi-competitors (not a ton of overlap) so you might find it strange for me to stick up for him like this, but I just think this description is wildly inaccurate. As one small example, Patrick has proactively told me when wanting to build competitive products, even when he didn't have to (very positive sum thinking).
He has direct control over reporters and YC? I'm sorry but this sounds like conspiracy theory.
People are living all over due to covid - so what. Remote is the future of work.
There are plenty of more reasonable Occam's razor explanations for some of what is being reported in this thread (and from the OP). You always have to assume ignorance over malice first. For example:
- companies often look at startups they may want to acquire, and decide to pass for various reasons (saying no more than yes is a good process), they then launch their own products (this is why they were looking at acquisitions in the first place), pretty normal
- any time you have thousand of interviews going on, you are bound to get some bad candidate experiences, I know for instance these happen in Coinbase periodically, and we try to minimize it for sure, but you will not get it to zero (especially when growing quickly)
- most rational explanation for OPs issue is that references were checked and came back luke warm/negative, so more were done which delayed it etc (they may not tell you this was the reason to protect sources btw), this is one of many potential reasons, i'm guessing, but benign explanations are more likely
- also, "discussing details of an offer" is not the same as receiving an offer
Anyway - if people had negative experiences, then feedback is great. I just hate to see HN jumping into tear downs and wild conjecture like this. Patrick and John are great founders we can all learn from, and yes human like all of us (not perfect). Let's all help each other improve here, and assume positive intent.
Came here to post this - storing it on a blockchain is probably the most elegant answer to create high redundancy.
Coinbase CEO here. Thx for mentioning it, we’ll get that fixed.
This is an early release from us and I would expect there to be a few quirks. Please keep sharing any feedback.
Kind of amazing - i didn't realize anyone was using this HTTP code just yet.
This is part of what we created https://www.researchhub.com to improve on. We should be getting weighted ratings (peer reviews) in real time on all research.
Here is the study https://www.thelancet.com/journals/lanpsy/article/PIIS2215-0...
The study has this line which caught my attention:
The incidence of any psychiatric diagnosis in the 14 to 90 days after COVID-19 diagnosis was 18·1% (95% CI 17·6–18·6), including 5·8% (5·2–6·4) that were a first diagnosis.
So only 5.8% of people got a first diagnosis, and the remainder of the 18% were people who had been previously diagnosed with one of these conditions.
This seems to contradict what is written in the linked article:
In the three months following testing positive for COVID-19, 1 in 5 survivors were recorded as having a first time diagnosis of anxiety, depression or insomnia.
So it seems like the linked article has a bit of hyperbole in it.
We tried to make it clear to employees that the package was only intended for folks who weren't aligned with this new direction. If folks were interviewing elsewhere, or just feeling burned out, and wanted to take it, but they were still aligned with the direction of mission focused, then we discouraged them from taking it. Of course, people can always lie about their intentions, but we're counting on the honor system preventing most of that.
Is there a list of others?
I love using sci fi as inspiration for new products.
This is a great summary of how to show causal effects. Thx for pointing it out.
I feel like we need a new way to do peer review, that is more real time - so that papers can be upvoted/downvoted, flaws can be pointed out - and we have some way to assess the truthiness of what the paper is claiming. Your comment is a step in this direction (but we're not capturing the wisdom of the crowds quantitatively around papers today - arxiv is great, but 1990's era web design).
I'm working with a team that is trying to build better tools for science at https://www.researchhub.com/about
Rethinking peer review is one item on the roadmap.
The Khan Academy mobile app is great. I've been doing about 15 minutes of study each morning while doing cardio at the gym (running makes it tough to use your phone, so walk on a steep incline for half hour, or stationary bike).
Basically - build in a little bit of time to do it into your daily routine somehow, and make it a habit. In a year you'll wake up and have made great progress.
Sorry to hear that this was the case!
I wrote about how scientific research is broken earlier this year, and what you're describing is one of the most pernicious. https://medium.com/@barmstrong/ideas-on-how-to-improve-scien...
https://www.researchhub.com/about is a project I'm helping get off the ground which hopefully can help this problem, by eventually replacing the traditional journals. Still early days (just beta launched).
Coinbase CEO here - apologies for the confusion on that.
I certainly wouldn't say we are treating it as a "shitcoin". I tweeted out a few thoughts here to share how I think about it:
https://twitter.com/brian_armstrong/status/89248668753155686...
Hope it helps. Thx!
We make it as easy as we can with the cost basis report https://support.coinbase.com/customer/portal/articles/149648...
Garry was one of the first investors in Coinbase and acted as my CEO coach for the first ~6 months of the business, during a very stressful time. He was incredibly helpful to us early on! Would recommend them as a firm.
Coinbase CEO here. This is (sadly) quite accurate.
The other reason you see so many complaints there is that there are many scammers trying to buy digital currency with stolen credentials, and a common scammer tactic is to appear angry (via support channels, or any public forum) in the hopes that we will approve their purchase.
https://medium.com/the-coinbase-blog/building-the-bridge-why...
We do deal with visa/mastercard networks. They have rules, as do other financial institutions we work with.
There are many banks with many rules out there. Paypal may be in a different negotiating position than we are. Believe me, I'd love to support all legal businesses (including yours). Sorry we couldn't get there yet - we may be able to eventually.
Coinbase CEO here. Keep in mind - this was the first employee we hired. And it was 4.5 years ago.
As you can imagine, things may have changed a bit 120 employees and thousands of interviews later.
I think you'd find the experience quite different today.
Coinbase CEO here. I think this boils down to a misunderstanding about what our product is.
There are some companies which operate purely in the digital currency world, and never store people's money. They are not regulated businesses. I'm glad these exist (and it sounds like this is what you are looking for) but this is not Coinbase.
Coinbase is an exchange that integrates with the traditional financial system to help people convert their local currency into and out of digital currency. I wrote a post about this here which may help: https://medium.com/the-coinbase-blog/coinbase-is-not-a-walle...
When you say Coinbase tarnishes what Bitcoin stands for, I have to disagree. We are enabling millions of people to get access to digital currency so that it can succeed. We do this successfully by playing by the rules in the existing ecosystem. You may not like these rules, but if you want millions of people to have easy access to digital currency (so that a new economy can develop etc) we are the greatest ally you have on that mission.
One company can't play both roles, of integrating with the existing financial ecosystem, and creating the brave new world that you want to see. That role probably needs to be filled by separate companies.
We are much closer to Stripe and other businesses which don't allow adult businesses either. https://stripe.com/blog/why-some-businesses-arent-allowed
Further reading: https://medium.com/the-coinbase-blog/building-the-bridge-why...
Would love to see a writeup on how these are built. Nice work!
I'm always a bit disheartened when I see misinformation and negativity spiral like this.
The work trial is no longer required, but it is an option since some candidates really enjoy working with us to get a better sense of what it is like before deciding.
I think it served us really well in the early days but you're right it doesn't work for all people (especially more senior folks). And of course we offer to pay people for the time.
In terms of overall comp, we pay more than 7 out of 10 comparable companies (sub 200 employees, tech, in the bay area) across both cash and equity according to http://conneryconsulting.com/ who we hired to help us with this.
Overall, our hiring process (especially in the early days) was weighted toward not making a bad hire, so this means we missed out on some good people occasionally, but ended up with a stellar team. Given the chance to do this over again, I'd make the same choice.
Finally, I'd suggest reading some of Paul Graham or Sam Altman's advice on this topic, for example: http://blog.samaltman.com/how-to-hire
"Have people audition for roles instead of interviewing for them" "A single bad hire left unfixed for long can kill a company." etc
We definitely didn't have it perfect early on, and still don't, so apologies if you had a negative experience. It is something we are always working on.
I think I did answer the question. He can't do business with us because our bank partners don't want to support certain types of businesses. If you are wondering why the banks don't want to support certain types of businesses, I could only speculate but I'd guess it is reputation risk and they may have seen that category as a front for other illegal activity in the past. But that is their decision to make, not ours.
For example, Stripe also prohibits adult content which is largely (I would guess) a result of input from Wells Fargo https://stripe.com/us/prohibited-businesses
Coinbase CEO here, I can sympathize that this was probably frustrating but I think it stems from a misunderstanding about the service that Coinbase provides. In a purely bitcoin to bitcoin world, this sort of transaction would not be an issue and you wouldn't have a risk of an account being closed. But you're not trying to do a purely bitcoin transaction here - you are trying to exchange bitcoin into your local currency and put the funds in your bank account (this is what we offer with our merchant tools).
To offer this service, we (Coinbase) work with those bank rules and that is why you are seeing our service act much like the traditional financial world. You might not like this, but we didn't make those rules, and it is the only way I know of that works if you want to exchange bitcoin in the traditional financial world. (John's answer from the support thread you linked also explains this).
Accepting purely bitcoin-to-bitcoin payments would be one solution that might work for this if that is what you want (there are plenty of other solutions other than Coinbase for this). I should mention that we are probably at fault for marketing it more as a bitcoin wallet vs an exchange which has different implications to people (I think this is part of the reason for the confusion).
Finally, I believe you may be mistaken that you can't access the $5k in funds. Are you sure? This page describes our policy on that topic: https://support.coinbase.com/customer/portal/articles/190568...
Coinbase lets you control your own private keys: https://www.coinbase.com/multisig