krrishd

In fairness, GitHub is under a corporate umbrella with Office 365

These are audited and regulated by the federal government!

Re: why do we need _so many_, I tend to agree but it's the equivalent of "USD" in the banking system really being a wide range of deposits at different institutions, with different underlying balance sheets (banks fail regularly, and are regularly backstopped by eg. the FDIC!). There is clearing infra being built around this problem (increasing fragmentation of deposits between stablecoins/etc), just like it was a problem for the old world in which clearinghouses emerged

UST and the other ones were "algorithmic" stablecoins collateralized poorly -- USDC and OUSD (eg.) are collateralized under the regulation of the OCC / by USD-equivalent short-term bonds etc.

This is not to say that there can't be liquidity challenges or "black swan" events, but the current iteration of stablecoins are _comparable_ to being "made by banks" and are certainly regulated.

Sure, but there are longer shots than others, where money alone won't make the difference and when conviction in mission is directly related to conviction in founders/leaders.

"subjective and deeply irrational" aren't the exception for how humans organize

Certainly you can - but this study appears to use motivations around power and status as its heuristic for narcissism!

Even if one were to grant the conclusion — leaders resist remote work to preserve their "power and status" — to what extent is the magnitude and success of a company (or for that matter, any serious enterprise) a direct function of its leader's ability to:

- Exercise authority / power

- Maintain status within the hierarchy

As in - who wants to work for a leader who is neither powerful nor high-status within their own company? Who consciously chooses a leader who is neither effective in getting people to do the right things, nor effective in commanding a (somewhat faith-based) trust in their long-term vision?

The study feels extremely leading in its idea of what a "good" leader would look like (presumably "hands off," leaves everyone alone such that good outcomes simple "emerge", etc) -- while treating this bent as obvious truth.

I say this as someone who spent the last 6 years straight working remotely (also having been successful in contributing impact).