491–500 of 1001 posts
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I concur, I suspect the influx of applicants to coinbase based on this will be larger than the potential loss of people taking the severance
Certainly. If I was looking for a job, I would rank it very high because of this.
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I have to say most companies I’ve worked for have subscribed to the policies in Armstrong’s blog post, and it has worked very well. But these companies were mostly outside the Bay Area. I suspect the Bay Area is extremely nondiverse and homogeneous, and folks there aren’t actually used to having to work with and get along with people who strongly disagree with them on politics. In that kind of monoculture, it’s easy…
>I suspect the Bay Area is extremely nondiverse and homogeneous I moved there from Ohio to work for a FAANG for six months. It's not nearly as bad on the ground as it might seem but you do witness spectacles with much more frequency. Racially and culturally its definitely not homogenous but there aren't any black folks to be found. Alameda county is the only one around the bay to break double digit percentages, mostl…
The real indicator for the tech industry's lack of diversity is that CA's 39% Hispanic population reflects as some minor fraction of the tech population.
Some extraordinary filter is occurring somewhere that's keeping Hispanic people out. Not alleging malice, just the scale is so huge.
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My LinkedIn right now is full of professionals writing about how Coinbase is wrong and unsupportable. That is surprising to me. I would like to see more mission focused companies. They can help the societies they are in with some unilateral initiatives like Netflix did with helping capitalize banks in certain communities, without discussing it or changing the focus.
The guys who’d go on public platform to denounce Coinbase probably intersect with the type of people Coinbase wants to rid itself of. I fully support what Coinbase is doing. It seems very fair to all sides.
Here are quotes from my feed:
"The path to an IPO is to purge Black and Brown people from Coinbase ... this is very unbecoming of a federal contractor"
"Over a dozen diverse crypto industry leaders [are] calling it out as racist."
"Sweden took 60 years to admit its neutrality policy was racist. How long will it take Coinbase to do the same? Being neutral is a position in support of the status quo - it always has been."
"Coinbase's CEO's recent statement of neutrality is unacceptable and complicit."
An out of context comment unfortunately adding to the gradient of the same context: "IBM's first computer sold to Hitler. Ford converted cars to tanks sold to Hitler. Why???"
The people posting are all identifying as black, in San Francisco Bay Area, and using their platform in support of black communities.
What's going on is that there is more context than Brian Armstrong's post, there is the context of what actually occurred within Coinbase amongst Coinbase's employees, something I have an incomplete picture of. And I think all of us miss that.
I like Brian Armstrong's post - in isolation. People with more context don't like it, and are galvanizing support against this very quickly. That's too bad. I hope Coinbase gets their IPO.
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Seems pretty damn good severance to me. Four to six months of a SF salary? I wonder if the real goal here is just reduce headcount.
I wonder if the real goal is to foist problematic employees onto competitors.
Maybe I'm reading too much in to this.
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This is a blog about the company's direction, not about whether it will perfectly conform to the ideals laid out. The CEO is not claiming that they are apolitical, but that that is their goal. >Politics is ultimately about how we engage and collaborate with each other as a society, An organization can be apolitical in which clients it takes, how it applies its agreements and rules, and its involvement in the campaign…
> They do not need to take a stance on law circumvention or the right to privacy other than to uphold the law and maximize customer value. The products and tools and services they sell are specifically designed to permit the circumvention of the law. They are no different than people who make lockpicks in that respect. Technically the company couldn't care less what you do with the lockpicks. Maybe you're a hobbyist,…
This won’t end well. The moment Coinbase articulates anything remotely related to an underlying set of values or business ethics, the accusations of politicization (and hypocrisy) will come flying. I believe that corporations are not governed or regulated to support activism writ large, but there has to be room for dissent (even if it ends in separation). How else do you arrive at a shared definition of “economic fre…
What do you mean next step? You can process anyone’s money, it good for business. Name one money processing entity that’s ever taken a stand against...anything?
I may want to apply to coinbase. I am really fed up with 'activist' employees and the toxic environment they bring. All I want is to just focus on engineering and ship features/improvements. Bringing politics to the office(thanks Google!) has been one of the worst things to happen in the 21st century for tech companies. Interestingly enough google has been going through absolute hell with these cancerous employees an…
I concur, I suspect the influx of applicants to coinbase based on this will be larger than the potential loss of people taking the severance
This must feel harsh for those on the receiving end, but is the right thing to do. It is not effective to try and turn every company into a rights activism group just because it is a group of people. This may be a sign that it’s become increasingly hard to organize or take part in such activism outside of work. What happened?
It could also be a sign that people feel more empowered to express themselves in work and feel that a workplace that values their ideals is preferable to one that doesn't. Particularly in tech where we're all quite comfortably off we can worry about these things higher up the hierarchy of needs. It will be interesting to see where this takes the culture of Coinbase.
I may want to apply to coinbase. I am really fed up with 'activist' employees and the toxic environment they bring. All I want is to just focus on engineering and ship features/improvements. Bringing politics to the office(thanks Google!) has been one of the worst things to happen in the 21st century for tech companies. Interestingly enough google has been going through absolute hell with these cancerous employees an…
>All I want is to just focus on engineering and ship features/improvements. Yeah if there wasn't the pesky world around all the engineering and we could all just stare at our stock options while we sit in our gentrified neighbourhoods and pretend the world doesn't exist. You can ignore politics but politics doesn't ignore you. See no evil, hear no evil, speak no evil is an unworthy attitude for a democratic citizen.…
I may want to apply to coinbase. I am really fed up with 'activist' employees and the toxic environment they bring. All I want is to just focus on engineering and ship features/improvements. Bringing politics to the office(thanks Google!) has been one of the worst things to happen in the 21st century for tech companies. Interestingly enough google has been going through absolute hell with these cancerous employees an…
For example, AGI will be built either by accident or intentionally by sociopaths at Google, etc. All decisions at a certain scale are inevitably political, and choosing to ignore the politics in those contexts is in itself a political position.