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Comment by itg | Hacker News Reader

I bet the 950 people let go a few weeks ago and the 1,100 let go back in June must love hearing this news.

A needed dip in the bubble and all of the sudden HN goes from market capitalist to left leaning. This person sold their stock, the time for employees to complain was when he was given this equity a couple of years ago.

Nope. They can also complain now. And forevermore if they want. None of us, you included, is obligated to protect grifters from the criticism of people who suffer while they walk away laughing.

They can complain now but it reeks of jealously instead of actual anger at the “grift.” When conditions were different nobody cares this dude got a ton of equity because they got equity as well.

It might be jealousy. But it also could be that they're just now realizing how they got taken, and to what extent.

Which would be unsurprising, as plenty of startups puff up expectations and take advantage of the young and naive. I have relatively little sympathy for Coinbase employees, as I think the whole thing was a scam built on scams, so it was always a question of who gets screwed. But I have some sympathy for the ones who were early enough in their careers that they didn't really have the chance to learn how rotten the world can get in spots.

As opposed to reeking of being an edgy contrarian?

It's not contrarian to take a rational view of the situation. Well, actually, never mind.

You are having the word rational do a lot of work there. also, just because something is rational doesn't mean it's reasonable, which runs entirely contrary to your point. But you didn't realize this because you are not reasonable. You just care what passes the rationality bar. It's much lower.

For sure. There are a lot of people for whom "rational" means "tendentiously argued in a superficially logical way". When in my view the problem is not with their narrowly presented reasoning, but on what they've put outside the frame, which often includes values, assumptions, and data that's available but mysteriously excluded.

And they look like jealous fools. Who got conned, exactly?

Yes, people generally flip views once material conditions change. Also, when the tide goes out, everyone who was swimming naked is revealed. As it turns out, ZIRP was allowing many companies to swim naked.

1 I was always left

2 America is something to be avoided at all cost- even the right wing parties think it is a nightmare situation

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