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An upcoming story about Coinbase

blog.coinbase.com

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Re: An upcoming story about Coinbase

#51

Post by philtar »

drewbug01 wrote: post #27

Well, the whole press release / internal email smells of a company desperately trying to spin what they expect to be a very, very bad article. But this line jumped out at me twice: > To be specific: Although the story will likely allege that a number of Black employees and contractors referenced in the story filed complaints with the company, only three of these people filed complaints during their time at Coinbase.…

> Reading between the lines, I imagine that the complaints workers claim to have filed were ignored by management at some level of the process, or not filed on the right paperwork or something.

Reading the lines (instead of between them) tells you that two of the complains were investigated by a third-party which found no evidence of wrong-doing.

Re: An upcoming story about Coinbase

#52

Post by 3327 »

ntsplnkv2 wrote: post #25
avolcano wrote: post #17

This is an odd thing to see widely published. I'm at a company that had a rather detailed negative article written about us, and we were warned about it internally shortly before it was published, after the reporter had contacted us with details and questions. However, we didn't go public with a reaction until after it was out, since it seemed rather pointless to respond to something that hadn't been published yet, e…

> It is odd to me that they would preemptively go loud on this "This is gonna be really bad, so we need to get out in front of it." That's what it sounds like to me.

Thats exactly what it is. Hey dad, the cops Are gonna knock on the door and arrest me so heads up.

Re: An upcoming story about Coinbase

#53

Post by drewbug01 »

adtac wrote: post #15
lefrenchy wrote: post #8

Streisand effect. Now I want to read the article when it comes out.

Not really. They're just trying to own the narrative with this post here. Streissand effect only applies when someone tries to cover up an already-published piece of fact.

That’s not how I’ve understood the Streisand effect - nor how Wikipedia does either: https://en.m.wikipedia.org/wiki/Streisand_effect

From the link: > The Streisand effect is a social phenomenon that occurs when an attempt to hide, remove, or censor information has the unintended consequence of further publicizing that information, often via the Internet.

It’s not so much about whether a piece of information has been “published” or “publicized,” (although obviously that is typically the situation!) - but rather the act of trying to control the narrative causes the narrative to spin further away from your control.

Anyways, pedantry aside, to me this neatly fits the definition. There is information that Coinbase really doesn’t want out there: and their attempt at controlling the narrative has ensured I will be looking for this article and make time to read it as soon as it is published.

Re: An upcoming story about Coinbase

#54

Post by fblp »

I think the specific pre-emptive denial of claims by specific ex-employees reads as righteous and dismissive. Who knows what is going to be published in the final version? They later state that only 2 of the four claims were investigated by third parties.

"likely quote three former Coinbase employees and a former contractor by name, and include photos of some of them....The story will likely imply that Black employees were discriminated against during this process; this is false."

Re: An upcoming story about Coinbase

#55

Post by hnracer »

beervirus wrote: post #41
hnracer wrote: post #33

Earlier quoted context omitted.

Let's assume that CB is really the entirely innocent and maligned party here. In such a world, how would their response have differed?

They probably wouldn’t have responded preemptively .

Why not? They would've had intel from current employees who were interviewed about the likely contents, and they claim that a number of the allegations that are likely to be published are false. If I was either innocent or guilty of such allegations, I will want to try to control the narrative ahead of time. Doing so doesn't seem to update our prior beliefs about the probability of guilt, all it shows us is that the allegations are significant enough to warrant damage control

Re: An upcoming story about Coinbase

#58

Post by ffggvv »

peteretep wrote: post #32
ApolloFortyNine wrote: post #10

It's really really hard to prove your not racist. If anyone has any clue as how to do so, please share. They could have waited until the story was published I guess to share this statement, but publishing it preemptively makes sense too I believe (it's an always open entity that is incredibly easy to switch away from). But truly, when you get accused of racism, what can you even do?

> when you get accused of racism, what can you even do? Make sure nobody has any examples of you being racist

that’s racist and excludes people who don’t have specific examples to point to but have nonetheless been wronged

as a marginalized person i think your comment is deeply racist and could only be written by a racist

Re: An upcoming story about Coinbase

#59

Post by nilkn »

I have to wonder to what extent this is just punishment from the establishment for Coinbase’s recent rejection of political activism in the workplace. Of course we will need to see the article from the NYT first before drawing any conclusions, but the timing is pretty suspicious; this implies that the NYT more or less launched this project immediately after that announcement went out.

Re: An upcoming story about Coinbase

#60

Post by CyanLite4 »

ApolloFortyNine wrote: post #10

It's really really hard to prove your not racist. If anyone has any clue as how to do so, please share. They could have waited until the story was published I guess to share this statement, but publishing it preemptively makes sense too I believe (it's an always open entity that is incredibly easy to switch away from). But truly, when you get accused of racism, what can you even do?

Saying something to the effect of “we’re not racist, we have ONE black person that works here” isn’t a good idea. Especially if you’re the premier cryptocurrency exchange and still rely heavily on outside funding.
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