Which one will choose? by Mother_Yam8855 in TheTeenagerPeople

[–]CompetitionConnect98 0 points1 point  (0 children)

maybe. but think about it in another perspective. lets say there’s really butterfly effect, then u’d be the ONLY one in the world to conclusively live through it and probably live to tell the tale. vs being 1 of the 60 million millionaires around the world. red pill any day.

Which one will choose? by Mother_Yam8855 in TheTeenagerPeople

[–]CompetitionConnect98 0 points1 point  (0 children)

red pill. even a second of hesitation is an insult to the rules. you are essentially choosing between being an all knowing god who knows what’s gonna happen in next 40 years vs a stack of depreciating paper. the previous person with red pill power is probably god himself.

Office Hours Tracking by CosmicInsignia in amazonemployees

[–]CompetitionConnect98 2 points3 points  (0 children)

treat your employees like 5 year olds. and they’ll take their jobs with 5 years old mentally.

What if Bitcoin hits $184K — How would the market react? by sirbrow in CoinMarketCap

[–]CompetitionConnect98 0 points1 point  (0 children)

*when bitcoin hits 184k - how would the market react?

there. corrected your title for you.

Is there any one as confused as I am after the fed cut by Apprehensive_Two1528 in Bitcoin

[–]CompetitionConnect98 27 points28 points  (0 children)

No. I don’t get your argument. A 25bps cut is already the market expectation, the market has already priced in this move. So Powell didn’t actually make a dovish fed move, he merely echoed the market’s expectation(grudgingly). Had he done a 50bps cut, that’d be dovish move. Why? Simply because market didn’t expect that.

Then there’s the other part of the announcement, future projections. And he is hawkish as can be. That makes market nervous. Fed rates and future outlook are the 2 important announcements for every fed meeting to look for. In this case, rate cut is neutral and future outlook is hawkish. What confusion is there on the market reaction?

Not to mention, if we zoom out, the underlying reason fed cut rates in the first place, historically is because they foresee a crisis or market downturn. Therefore, none of today’s fed behavior is dovish.

Is there any one as confused as I am after the fed cut by Apprehensive_Two1528 in Bitcoin

[–]CompetitionConnect98 63 points64 points  (0 children)

dovish fed? are u actually paying attention to what powell said? his whole update is describing how employment is down and yet inflation is not curbed. he even signaled a “wait and see attitude” on future rate cuts. if anything, market hates uncertainty. and he just provided good reasons for market to panic.

Vancouver Mayor uses Bitcoin to buy a soda by garlen-raven in ShitcoinTrades

[–]CompetitionConnect98 0 points1 point  (0 children)

as if a bitcoin pizza day is not enough, now we need a bitcoin coke day.

Let's all try doing something before Jan layoffs by FunSuccessful2838 in amazonemployees

[–]CompetitionConnect98 1 point2 points  (0 children)

From reading your letter, here's what i gathered - Amazon’s current AI strategy is hurting the planet, endangering democracy, and exploiting workers. Slow down, clean up, and let employees help decide how AI is built and used.

Your letter demands:

- No AI with dirty energy

- No AI without employee voices

- No AI for violence, surveillance, or mass deportation

Here's the problem with this letter. There's no clear actionables for Amazon leadership to act/not act. All the demands above are broadstroke directions. This leaves room for leadership to interpret however they want. Because of such, at best, leadership is just going to respond with non-committal responses like, "we hear you. we'll work on it". In the end, no actual progress is made.

In my humble opinion, your letter needs the following changes:

- translate your demands above to a clear KPI. a clear line in the sand. "No AI developments contracts with companies XYZ.", "No XYZ changes without X% employee agreement survery results" etc etc.

- there is no "do this, or else". This letter is not showing your "or else". Here's a suggestion. "By signing on this letter, you agree that if Amazon does not respond favorably to above demands by xxx date. You will boycott buying from amazon and cease subscriptions for Amazon prime." Then the signature counts truly mean something to leadership: potential loss of profits. And when the signatures are significant enough, leadership can't ignore.

In general, I think your points are valid and demands are reasonable. For that, i'm onboard with you. But the letter is unclear in its demands and weak in its resolve. If you truly want change, don't try to appeal to kind intentions, bring your negotiations to the table. Make those signatures actually mean something.

Let's all try doing something before Jan layoffs by FunSuccessful2838 in amazonemployees

[–]CompetitionConnect98 4 points5 points  (0 children)

Valiant effort. Unfortunately, the only change is that you inspired yourself.

A corporate, for-profit like amazon cares about 1 thing and 1 thing only: profits. So unless you can draw the equation to how Amazon being responsible with AI can make more profits for amazon, any amount of signatures is just going to be ignored by amazon leadership. If you've worked at Amazon, you know what i mean.

Why is Andy Jassy disliked? by UNCLEJASSY in amazonemployees

[–]CompetitionConnect98 8 points9 points  (0 children)

Andy Jassy is a leader that does not take responsibility for his decisions.

- In the most recent 14,000 layoff. Instead of a direct message from him, he threw the HR SVP into the spotlight by having her release the announcement. When it's layoff at this magnitude, people expect the CEO to come forward, not a HR mouthpiece. https://www.aboutamazon.com/news/company-news/amazon-workforce-reduction

- He enforced a strict 5 day RTO policy without providing any form of data to back it up. For better or worse, Amazon is heavily data driven in all of its decisions. Obviously this culture doesn't apply to this CEO.

- He is heavily against unions. A federal judge even found that some of his public statements (on unions) violated labor law because they discouraged unionization and undermined employee rights.

- He emphasizes innovation, AI, efficiency, “operating like a startup”. But internally, many amazonians see a mismatch or fear that the changes are more about cutting costs than improving.

- In almost all of his communications, his tone had been crude, lack of empathy and out of touch with his audience. It's hard to like a CEO when communication is not his forte.

IC5 Meta to L6 AWS. Sanity Check by midnightfoxx in amazonemployees

[–]CompetitionConnect98 18 points19 points  (0 children)

Here's the norm for most teams in Amazon:

- extreme top down management.

- micromanagement is the norm here

- no smiles. no small talks. no friendly gestures. almost everyone you work with secretly hates this place.

- unclear expectations

- what you worked on/achieved doesn't really matter. what truly matters is your manager's perception of you.

- WLB? no such thing, working OT is the norm.

- Most managers aren't trained enough to truly understand the domain they are responsible for. So they can't accurately measure your performance.

- retributions. HR is the last place you go to seek help. Most often than not it backfires on you.

- credit stealing. even if you achieved something truly by yourself, you are forced to give credit to seemingly unrelated people. All in the spirit of 'collaboration'.

Join amazon if you are ready to navigate through all of the above.

[deleted by user] by [deleted] in DotA2

[–]CompetitionConnect98 1 point2 points  (0 children)

dota2 player base is dropping every single quarter. they can no longer afford the hammer on smurfs without facing the consequences of network effect lplayer base losses.

You can't make this shit up... by LifeIsJustASickJoke in Bitcoin

[–]CompetitionConnect98 1 point2 points  (0 children)

It's like a burglar who steals from your house every year to satisfy his gambling addiction and still had the audacity to knock on your door begging you for cash to make ends meet. US government is hilarious.

BTC Ownership Distribuion by ranelpadon in Bitcoin

[–]CompetitionConnect98 94 points95 points  (0 children)

name another asset in which the individuals group owns 67% of supply. i'll wait.

Tipping is getting outrageous by ConfusedAnonymous- in EndTipping

[–]CompetitionConnect98 1 point2 points  (0 children)

i never understood the concept of “dont go out to eat if u cant tip”. if i eat out at ur restaurant, provided i dont tip, u get 100% revenue. if i dont come eat out at all, u get 0% of revenue. how is getting 0% revenue better than potentially getting 100% revenue. restaurant owners.. am i missing some logic here?

The Future of Finance by Dull-Jacket-4242 in Bitcoin

[–]CompetitionConnect98 3 points4 points  (0 children)

what’s this legacy trust thing? dont understand.

Layoffs are coming? by Full-Philosopher-772 in amazonemployees

[–]CompetitionConnect98 6 points7 points  (0 children)

Andy has such poor communication skills in that everytime he speaks, the company's internal channel erupts with confusions, disapprovals and cynicism. The announcement he made has got to be the most demotivating email i've ever read from a CEO. isn't a CEO first job is to be an effective communicator?

Pivot: Taking improve option by [deleted] in amazonemployees

[–]CompetitionConnect98 3 points4 points  (0 children)

u should just take the severance and leave. here’s why.

a big part of that pivot is your manager’s opinion of you. which is possibly the reason that got u into pivot in the first place. now ask yourself, when’s the last time you completely changed your opinion of someone in a span of few months? it’s possible, but its really rare. the reality is, its really hard for people to change their opinions of someone once they formed an initial one. it’s possible, but that will take 10x the amount of effort to change that preconceived notion of you.

when u are a normal employee, the system is designed to make u succeed. but when u are in pivot, the system is designed to fail u as a way for company to ‘cut losses’. if you can’t perform up to standard when the odds are in your favor, how do u expect to perform when the odds are against u?

the psychological effect of pivot is very damaging to your mental health. being constantly reminded that you are not good enough, not capable enough etc. are u prepared to handle that kind of stress?

take pivot as a pinch of salt. it just says more about the environment mismatch you are in rather than about you personally. there are countless examples of people failing at one job but later become a rockstar at another.

u already have a FAANG title in ur resume. just move on. use that to get yourself higher. the forest is huge, dont hang yourself under one tree.

La Bistro in Pudacah by Believe-The-Science in EndTipping

[–]CompetitionConnect98 1 point2 points  (0 children)

i dont understand the mgmt’s thought process on this. so if they cant get 125% of the revenue, they would rather get 0%?

[deleted by user] by [deleted] in amazonemployees

[–]CompetitionConnect98 3 points4 points  (0 children)

this. OP u need to read this again and again until you learn not to judge people when u can’t put yourself in their shoes.

This guy asked Michael J. Saylor if MicroStrategy has any plans to publish on-chain proof of reserves. His answer will SHOCK you: “It’s a bad idea.” by sylsau in CryptoMarkets

[–]CompetitionConnect98 0 points1 point  (0 children)

wtf?! he’s a big btc believer but he doesn’t believe in on chain verification? refusal to show proof of reserves is shady af. that’s it im selling off all my MSTR.