this post was submitted on 25 Nov 2023
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I’ve got a great understanding of crypto and have been making educational videos about crypto since 2018, it's led me to get some social media jobs, content creator and community manager roles. But this is becoming super saturated and companies end up hiring someone from the Phillipines for 20% of the salary.
I’m looking to get into a the fraud and on chain data side of things - considering taking some Chainalysis certificated or breadcrumbs. Or even the on-chain data analysis side, like with Dune.

Does anyone work in the space and can give insights to this?

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[–] Cartosys@alien.top 1 points 11 months ago

If you can come up with some special sauce you'll be in demand

[–] Neophyte-@alien.top 1 points 11 months ago (2 children)

you could extrapolate this to dev in general with AI

if youre not already senior its going to be tough

source, been a dev 15 years+ i get chatgpt to do 30-90% of my work dependent on what im doing e.g. i never write a mongo query manually anymore.

AI as it stands, is weeding out juniors as it makes my job more productive, i know how to guide it, a junior dev with min experience does not. i dont say that with any arrogance, my days are probably numbered as it is

chatgpt can probably do chain analysis better than you could / write the code to do it

[–] 2Nice4AllThis@alien.top 1 points 11 months ago

Regarding development, junior devs still need training and experience, whether AI is enhancing the work or not. It's very short sighted if companies want to rule out investing in training juniors and this will eventually come back to bite the tech industry in the ass when companies realize there aren't enough senior devs to just dump the entire workload on.

With chain analysis, AI will definitely perform this better than a human, but you still need a human to direct the AI.

[–] redditburner314@alien.top 1 points 11 months ago

AI is an assistant.

Real software has much more complexity than ChatGPT is capable of and requires humans to write still.

[–] HattoriHanzo@alien.top 1 points 11 months ago

The skills are the same for any data analysis, if you wanna go the math route, study R and Python/Panads and the like.

There is also the engineering side which is more BigData processing in general mainly ETL (extract/transform/load).

Either way the skills are highly sought after, and doing any path is sure to be good.

[–] AmericanScream@alien.top 1 points 11 months ago (2 children)

No.

Period.

While stuff like Chainalysis are more white hat crypto types, it's still not a growth industry no matter what people say.

There are tons of stories of HR people who will immediately reject people who previously worked in the crypto industry.

Also, in 10 years there won't be any reasonably sized industry. Most people working in crypto are relatively transient in their jobs.

[–] redditburner314@alien.top 1 points 11 months ago (1 children)

That sounds like a prediction

The extreme negativity is why the job market is good imho

Nobody wants to be a crypto developer so it's a thin field for those who are there

[–] AmericanScream@alien.top 1 points 11 months ago (1 children)

There's also no job security in crypto. I've never seen another industry where on Monday, they're saying everything is fine, and on Wednesday they declare bankruptcy.

[–] redditburner314@alien.top 1 points 11 months ago (1 children)

Yeah, but then you just get another job which there isn't a lot of competition for because the number of people who know this stuff is small and no one wants to learn it because everyone is getting carpet bombed with negative propaganda.

My perspective is a bit different though, I think, because I was an early Bitcoin investor so, for me, unemployment is just a vacation 😅

[–] AmericanScream@alien.top 1 points 11 months ago (1 children)

Yeah, but then you just get another job which there isn't a lot of competition for because the number of people who know this stuff is small and no one wants to learn it because everyone is getting carpet bombed with negative propaganda.

That doesn't sound very appealing.

My perspective is a bit different though, I think, because I was an early Bitcoin investor so, for me, unemployment is just a vacation

It's funny how many people claim that. Which is probably significantly more than those who actually did see huge returns. I hope you cashed out already, because a lot of those early adopters who think they're rich will eventually find out they aren't.

I'm also curious how much you think you have which makes you financially independent? These days, people coming into large amounts of money is more likely to cause them to squander it than play it safe.

[–] redditburner314@alien.top 1 points 11 months ago

It's appealing to me

I play it safe, I'm not balling out of control

People told me that the tide was going to go out for good at $200. Now here we are, doom still right around the corner.

I live in Los Angeles, if I continued to spend like I do, it would take probably 80 years or more to run out of money.

[–] frank__costello@alien.top 1 points 11 months ago

There are tons of stories of HR people who will immediately reject people who previously worked in the crypto industry.

If a company rejects people for having worked in crypto, it's not the kind of company you want to work for anyways.

Crypto has some of the brightest engineers in the tech industry. Anyone that develops strong skills in the industry should have no problem pivoting to other industries if they chose.

[–] peripateticman2023@alien.top 1 points 11 months ago (1 children)

and companies end up hiring someone from the Phillipines for 20% of the salary.

Yeah, shows you how much worth your job actually has, eh? Heh.

[–] redditburner314@alien.top 1 points 11 months ago (1 children)

Well, people from the Philippines aren't any dumber than Americans. They just have less economic opportunity and an extremely low cost of living.

[–] peripateticman2023@alien.top 1 points 11 months ago

You're missing the thrust of my sarcastic comment. The fool tried to denigrate (casually) an entire country while being dumb enough not to realise that it shows his role in a bad light instead.

[–] bel9708@alien.top 1 points 11 months ago

I’m looking to get into a the fraud

Good luck lol

[–] A3rdRanger1776@alien.top 1 points 11 months ago

I want to invest

[–] redditburner314@alien.top 1 points 11 months ago

Yes, governments and other organizations still need people to track illicit crypto transactions.

Ransomware and a lot of darknet markets use crypto, I don't see that changing and, as we all know, crypto does leave a paper trail so...

[–] frank__costello@alien.top 1 points 11 months ago (1 children)

I've got friends in the data side of crypto and they seem to really enjoy it. It's not quit as in demand as an engineer, but still a "hard skill" with plenty of opportunities.

I've heard the Dune community is a great place to learn more about data, I'd suggest hanging out in their discord.

[–] FrequentMushroom@alien.top 1 points 11 months ago (1 children)

I am in their server but I dont know that there is good opportunities

[–] frank__costello@alien.top 1 points 11 months ago

Not opportunities for work, but opportunities to learn and build stuff

The community is full of people who build dashboards for fun, it'll be much easier to find work if you're already passionate about data and are building things for fun.