Soli | Director of Engineering | Boston, MA | $100K-120K www.solipoints.com

We are a startup developing a loyalty/rewards platform that, in addition to cash back on purchases, will automatically offset a user’s CO2 emissions.

We are seeking a Director of Technology to work with our CPO to oversee product development and maintenance.

This individual will be responsible for leading development of new features and managing the iOS and backend (eventually android and web as well) application for a shopping-rewards platform targeted at millennial consumer adoption. Working directly with the CPO, and development team, this individual will have a significant level of responsibility as an early senior engineering hire.

REQUIREMENTS - Great programming fundamentals - Experience in leading teams/project management - Experience with mobile development (Swift & Android) - Back end development experience (Node.js & Express)

Email resume to james@solipoints.com with subject "HN: DoE Soli"

Soli | iOS Engineer | Boston | REMOTE, INTERNS http://www.solipoints.com/

Soli is a startup that has developed a loyalty/rewards platform that, in addition to providing cash back on purchases, will automatically offset CO2 emissions.

We are seeking an iOS engineer to develop and maintain our iOS mobile platform. (Interns too!)

This individual will be responsible for developing new features and maintaining an iOS application for a shopping-rewards platform targeted at millennial consumer adoption. Working directly with the CPO, BE Engineer, and design team, this individual will have a significant level of responsibility as an early engineering hire.

email: james@solipoints.com with the subject "HN: SOLI"

Does anyone know any preventative measures?

A properly informed and angry citizenry.

There is no preventing such a well-funded and pervasive adversary. There is only acceptance of the situation and after that we decide to what extent we're willing to react.

So far the answer to the latter seems to be "to no extent".

Good thing Coinbase is down...

I sold my remaining BTC when it was 140.. I thought that was high...

This points to a problem with the idea of early adopters getting an unfair advantage. Say you are an early adopter and you bought at $0.10. Should you cash out at $10? How about $100? At any point along the path an early adopter could cash out and a late adopter could get in.

This does not point out a problem with early adopter advantage.

BTC still appears to be a deflationary currency, which fundamentally favors the early adopter (though they may still screw up and lose that advantage). In a deflationary currency, over time, the cost of goods and services will trend towards smaller increments of the currency. Assume that the BTC economy stabilized, that it has a nearly consistent deflation rate similar to our nearly consistent inflation rates in other currencies.

If you receive a salary of 100BTC this year, at a 10% deflation rate you would expect your salary the next year to be about 90BTC, and about 81BTC the year after. 7 years into the job (barring other pay raises) your pay is cut in half (in absolute terms), but can still purchase the same amount each year. Now, assuming a modest 30% savings rate, after about 15-16 years you'll have saved up more than you will earn over the next 15 years. So now my kid is grown and entering into the economy, in his first 15 years he'll have earned what you saved, but have a fraction of your wealth. 15 years after him another kid has grown and entered the market and faces the same dilemma.

Today, BTC is unstable, the value fluctuates wildly, "early adopter" is a fuzzy term because BTC is still young. But this is the fundamental problem facing deflationary currencies over an extended period. The deflation rate, similar to the inflation rate for other currencies today, has to be tempered. If it's allowed to get out of hand it'll wreck the economy it's meant to facilitate.

If it makes you feel better, I sold mine at 90€ ($120) :/

Hasn't anyone read Atlas Shrugged?

I have.

The correlation to the novel is limited however in our example. We're not talking about industrial complexes full of employees with vastly different market rates; we're discussing a 5 person team.

To abusively stretch a definition, "Communist" policies like this seem to have some success in very limited scope, such as family households. The other comments indicate it is apparent to everyone that as presented such a system would not scale to a larger organization. Such policies could be used as inspiration or a baseline to build scalable compensation plans that recognize individuals (or teams) that provide varying market value.

I am not angry at anyone, in fact I understand why somebody can get sucked into the "game". You're right, my intentions ended up being not-so-pure. A good lesson!

To be clear, my criticism is meant to be directed at Bitcoin and Bitcoin's culture, not at your honest and well-crafted story-telling.

Cheers.

Honestly, all I saw was the quick buck. Total ignorance on my part. You're right, I should have researched it better.

If it looks too good to be true, it probably is :)

At $300 yes, but what about $130? BTC isn't the easiest thing to dive into as a NOOB.

If you are new to Bitcoin, you should probably review the ToS of any service that allows you to purchase legal currencies with it.

Summer before I started college last year-

I spent a straight week hacking together a website that organizes Starcraft 2 streams. Gets 25-50 hits a day. Not revolutionary, but it was/is a big deal to me.

I wrote it in PHP, now I'm re-writing it in Rails.

Mind sharing the link?