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Gergely Orosz Profile picture
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Feb 20 • 4 tweets • 2 min read
A big reason NFTs are unlikely to go mainstream: the ecosystem is so insecure that you can lose everything in your wallet *with a single click*.

Any action/email can be an attack: so owners will be more wary, transact less, buy less.

True for centralised NFT platforms as well.
NFTs about one thing: buy an NFT today, have it’s value go up and sell some point later for $$$.

Prices only go up if new buyers join in droves (aka it goes mainstream).

But if scams are everywhere: it both scares new buyers from joining. Also chills existing ones from selling.
A reminder that the web, in its infancy in the 90s was *never* this insecure: because payments were built on an existing credit card/banking infrastructure with plenty of consumer protection (eg chargebacks, multi-step confirmations etc, legal recourse).

web3 has none of this.
Correction: web3/NFTs *do* have legal recourse as @erulabs reminded.

They don’t have easy reversibility - like credit cards do - which is a high offputter though. Legal action can take years, and if the fraudster is not in the same country as you, might never succeed.

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More from @GergelyOrosz

Gergely Orosz Profile picture
Feb 21
Back to office announcements are happening and some are not pretty.

As a CEO announced a record, $1B profit, on the same all-hands said "if sw engineers all think they can work from home, we can hire someone from Asia and pay them €300."

They will have dev attrition problems.
We are talking about a traditional company - one that became far more profitable during COVID, with remote work.

Their stance is clear though, and the post-COVID strategy is this: "The new way is the old way, and we will all go back to the office."

Good luck. They'll need it.
The same company normally makes all-hands videos available to all. They did not do with this all-hands.

Later the CEO apologized for the comments and backtracked, kind-of - see the apology below.

But all engineers know where the company really stands & what they can expect. Image
Read 4 tweets
Gergely Orosz Profile picture
Feb 18
I was giving advice to a friend who recently started a freelancing business after a decade of being an employee.

Here are 12 habits that work fine when an employee employee, but ones worth unlearning to be a more successful entrepreneur/freelancer:
1. Old habit: your time is equally valuable throughout the day.

New habit: parts of your time are far more valuable. E.g. working with a higher-paying client, or on projects with more opportunity cost. Generating valuable leads. Etc.
2. Old habit: follow the beaten path outlined in a company and career path. Get promoted to senior, then to above or a manager path etc.

New habit: carve out the path where *you* want to get to. There's less of a beaten path to follow - and why would you?
Read 14 tweets
Gergely Orosz Profile picture
Feb 17
Manager: "Your bonus this is $X."

Dev: "Umm... it should have been exactly $3X."

M: "No, the target is $X."

D: "No, my recruiter said I would get at least $3X."

M: ".."

D: "I have it in writing."

That manager was me, and this was a story of being burnt by a rouge recruiter.
The recruiter did put it in writing... in an email from the company domain, never shared with anyone else at the company.

This was about a year earlier, and the recruiter was long gone by then. Having left with the reputation of "The King of Closing Candidates."

Now I knew how.
So when you hear the advice "get it in writing", make sure to get it in writing AND COPY YOUR FUTURE MANAGER or other non-recruiters at the company.

Rouge recruiters exist, and getting it in writing will only help expose this unfortunate fact.
Read 7 tweets
Gergely Orosz Profile picture
Feb 16
“Odd, how ‘work from anywhere’ really means ‘work from anywhere in the country.’”

It’s how countries, taxes, visas work. If you’re self-employed, trying to work from *any* country in the world: it’s LOTS of admin.

If you’re employed, it’s just as challenging for your employer.
It’s pretty much only the tech industry where we’re privileged enough to be able to work from almost anywhere.

This does not mean we can ignore national regulations. And countries impose heavy admin and tax burdens on employment, rarely ever optimizing for remote work cases.
There are more startups acting as ‘middlemen’ to employ people in different countries. @deel and @remote are examples.

But by nature these setups are limited (you’re employed though a middleman) and they do not shift liabilities for the company to follow all local regulations.
Read 4 tweets
Gergely Orosz Profile picture
Feb 16
"I work in the UK at a company that announced 'Work from Anywhere'. I want to move to Spain/Italy/Portugal. They told me my compensation would drop 35-40%. What are my options?"

Honestly: nothing, beyond either staying put or leaving your company. This is deliberate from them.
Situations like this will become far more common as companies decide on country-adjusted compensation or paying the same across regions.

They know they will lose people.

To find companies that pay well, even remote, I wrote an extensive article here: newsletter.pragmaticengineer.com/p/finding-the-…
And I'm adding that it is not unreasonable for large companies to do this.

If they did not adjust your UK salary: they would need to pay everyone in Spain/Italy/Portugal at UK levels. From their end, that would make zero sense.

Instead, they will hire people in those regions.
Read 6 tweets
Gergely Orosz Profile picture
Feb 12
Some people think I’m anti-Adyen. I’m not.

I’m pro EU startups/scaleups/publicly traded companies, including Adyen.

It’s a just a tragedy how their leadership does nothing while other businesses to hire away so many of their best engineers… all while recording record profits.
I’ve been privately taking with managers at Adyen who were seeing large attritions on their team. I told them they need to move up aggressively. Shared how much others are paying.

These eng managers believed me, but their leadership instead relies on outdated comp data. 🤷‍♂️
This article has been circulated so much within Adyen at all levels.

They know what the numbers were a year ago to be a top tier company and what market dynamics are (numbers are higher since).

blog.pragmaticengineer.com/software-engin…
Read 4 tweets

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