doppel
Joined 16 years ago
Joined 16 years ago
The account owner can at any time go in and cancel that mandate, but they do not have to pre-approve it have it set up.
My last 3 jobs (over 10 years) have all been with companies in the size of 30-50 people, with 20-50% being product/engineering, working on a SaaS product. My jobs have been nothing remotely like the Silicon Valley TV-series, so I'm quite surprised and appalled when people say how spot on (even if it's a mocking caricature) the show is. And your description of Dilbertesque politics fall very much in that same category.
Will smaller companies have the Big Engineering Problems that FAANG companies have? Of course not. But there's a huge middle ground in lots of different sectors. I'm working for a company that makes a platform for childcare centers, and we have a ton of challenges and opportunities - not what I'd expected 10 years ago. But the work is rewarding, even if I don't get to have a lot of challenges revolving super hard algorithms, huge data sets or whatever else might be all the rage. Most of our challenges is scaling on a budget, nurturing expertise in different areas in a 10-person team, translating feature requests between customer lingo to something we can implement, and many more similar not-wild-and-crazy tasks.
I do feel lucky, but I also do not feel like I was lucky and somehow found three magical unicorn companies to work for. And there's plenty of things that could be better, and I could make more money working at bigger companies but in my mind it's not worth the trade-off.
Only in a "Every database has 2 TB of memory and 64 cores"-world is SQL (and database design) a negligible skill.
This, in addition to how easy our PBS (DK version of ACH) is to use means switching banks is something that can be done easily. I know of people who will regularly contact 5-10 banks with their current mortgage details and ask for a better deal, and then go back to their current bank and tell them "match this offer or I'm switching".
We also have a simple interest on overdraft (usually 8-15% annually on any amount over draft), though excessive overdraft will get your account locked. But beyond that, no fees for hitting negative $0.05. Is there any US bank that offer a similar fee structure? I imagine people would migrate in droves if that was already the case.
I think a principal engineer is the right mix of (still) developing, planning, mentoring and potentially leading small teams, while staying out of a full-on managerial role.
Based on my experience with the other providers they were also, by a large margin, the most modern - it felt like moving from a 2008 integration to a modern, fully RESTful API with great documentation and decent UI.
This is all anecdotal, but they did combine a great technical platform with great support. If transit prices are the same or similar for all providers in that size category, they have to fight on features and support instead.
Imagine buying a car sold by a gas station chain saying "We made the BEST gas stations you can imagine, but you can ONLY buy gas here. It's a fair marketplace, everyone who wants to sell gas at our stations can do so equally, and we'll take the same cut from everyone!".
The mixer then transfers 37, 185, 205, 1002, and other random amounts to other accounts, which in turn transfers it to other accounts, and at some point they get funneled to one or more accounts owned by the person who originally transferred the money into the mixer.
Couple this with a lot of other people doing the same at the same time for the same mixer service, and you cannot say who owns the coins being transferred between the accounts. It is public what money was transferred back and forth, but without some serious analysis it's practically impossible to track who is likely to own the accounts where the money end up.
It's acceptable to want to stay in a specific role, but I am not certain I feel it's acceptable to eschew an increasing responsibility or mentoring role as you gain experience. That way lies the "genius programmer that works alone and writes code no one else wunderstands".