fwiwm2c
Joined 10 years ago
Joined 10 years ago
Bitcoin is NOT about payments. Just stop saying that. Bitcoin is store of value. When you think about Bitcoin the closest analogy is gold. Sure it is more volatile but it is a 10yr old asset. If you look at the long term trend (past 10 yrs), your value only increased.
Now it is all about how Bitcoin is a ponzi, key reason for climate change and solves no issues whatsoever. Maybe all those things are correct (I don't know) but it sure was a good way to make a lot of money -- and most of the people here just missed it.
And this hate is not new. Look at this well commented thread from 2015 when Bitcoin went down to $180 and HN is still filled with comments like that this is not surprising and they don't see it coming back from hereon: https://news.ycombinator.com/item?id=8884838
We haven't learned anything? Have we?
IC5 Eng (~5 yrs exp): $350k/yr all in (cash+stock+bonus) IC6 Eng (~9 yrs exp): $550k/yr all in IC7 Eng (~12 yrs exp and you are exceptional): $800k/yr
As you go from IC5 to IC7, your stock and bonus goes up (as expected). A typical IC7 will earn around $250k in cash, ~25% bonus (on the base cash salary) and the rest in stock.
Now those $2M houses don't sound too expensive right?