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1 Year of Coinbase as a mission focused company

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Re: 1 Year of Coinbase as a mission focused company

#461

Post by jimbob45 »

rglover wrote: post #20
ohazi wrote: post #11

Earlier quoted context omitted.

Unless you're labor . Capital can speak up about whatever it wants (so long as it doesn't start sympathizing with labor, of course)

I'm going to take a wild guess and say if you work at Coinbase—voluntarily—you're extremely well paid. You're the farthest thing from a victim. Just because you can't raise your fist and scream at your coworkers doesn't mean you're oppressed.

Right but we’re having this conversation using CoinBase as a symbol of all the companies that may follow.

Re: 1 Year of Coinbase as a mission focused company

#462

Post by sershe »

ctur wrote: post #56

I wrote this in an email turning down a chance explore opportunities at Coinbase. > To me, diversity and social justice are critically important. I have the luxury of being selective in where I put my time and energy and it is important those values align with my career. I appreciate aspects of being "mission focused" but I think that there is a gulf between my personal values and Coinbase's values such that I would…

Aren't you privileged?! :) I used to be 95% apolitical but now that the recent events have re-energized my old hard-libertarian stance, with a new addition of a big dose of anti-wokeness, I cannot have the same luxury as you do. If I were to shun woke companies, I'd have nowhere left to work :P

Re: 1 Year of Coinbase as a mission focused company

#463

Post by tmule »

ctur wrote: post #56

I wrote this in an email turning down a chance explore opportunities at Coinbase. > To me, diversity and social justice are critically important. I have the luxury of being selective in where I put my time and energy and it is important those values align with my career. I appreciate aspects of being "mission focused" but I think that there is a gulf between my personal values and Coinbase's values such that I would…

Such self-selection is good, and serves the intended purpose (much like the Netflix culture deck). The folks that work at Coinbase wouldn’t want colleagues like you, and you wouldn’t want colleagues like them - so this is a clear win-win.

Re: 1 Year of Coinbase as a mission focused company

#464

Post by fshbbdssbbgdd »

sciurus wrote: post #356
Cthulhu_ wrote: post #186

Earlier quoted context omitted.

If you got stock for free because you work for coinbase, does it matter much it went down? I mean it's still around $250 each, that quickly adds up. > their offers aren't particularly better than citation needed, I mean 'anywhere' is a big space. I'm seeing north of $100K on a quick google, that's a lot more than most places pay. Or are you speaking from a privileged, SF-blinkered position?

AIUI Coinbase is offering around $400k comp to senior-level engineers now, similar to FAANG.

Correct, and it has more room to grow than FAANG. By that I don’t mean it’s undervalued - but rather that the implied call option you get from a 4-year grant is more valuable.

Re: 1 Year of Coinbase as a mission focused company

#465

Post by seoaeu »

refenestrator wrote: post #407
tootie wrote: post #62

This seems like a gross abuse of the phrase "mission focused" to mean "operating for profit with total blinders on to the wider world". With a very appropriate photo of the 90s Bulls being a group of self-serving egomaniacs who put winning above everything else. My current employer (a non-profit) uses the term "mission focused" to mean "we are serving the public good even when it isn't profitable and acknowledging ou…

Cryptocurrency mining consumes the same amount of power as Argentina or whatever the figure is, for no benefit. If wrapping a rainbow flag around it and studiously noting everyone's pronouns made that "ok", it'd frankly be even more perverse.

An easier comparison: cryptocurrency uses nearly 10x the amount of power Google does!

Re: 1 Year of Coinbase as a mission focused company

#466

Post by tmule »

philosopher1234 wrote: post #284
jamiequint wrote: post #93

Earlier quoted context omitted.

Sounds like their policy of discouraging wokes, who want to use their job as a cudgel for their own political views, from applying to their company is working.

What do you know about OP? What if OP is an extremely productive programmer who lives to build product and has a huge impact, but also cares about black people or LGBTQ+ people? So he's worthless to coinbase? Thats insane.

No, if he’s* a poor culture fit he’d likely be. If he’s doing activism during his personal time, he would probably be a value add. * or she or they

Re: 1 Year of Coinbase as a mission focused company

#467

Post by AgentME »

randomhodler84 wrote: post #450
AgentME wrote: post #440

Earlier quoted context omitted.

Everything you say makes sense within the context of Bitcoin's proof-of-work paradigm, that there aren't any reasonable solutions to these problems within it (there's no good way to add negative feedback to lower the hashrate, there's no good way to calculate a better lower hashrate), but it misses that there are alternative paradigms like proof-of-stake that avoid the problem of too much energy use entirely. Once pr…

Sorry, Bitcoin will never be PoS. PoS doesn’t offer anything near the same security model, censorship resistance or decentralization. It is not a viable alternative for Bitcoin.

Proof-of-stake has much more ability to enact censorship resistance (https://blog.ethereum.org/2015/06/06/the-problem-of-censorsh...) than proof-of-work. PoW imposes huge entry barriers by restricting mining to those who can build and then operate expensive mining rigs, which are resources not equally available even to people with the same amount of money and may be monopolized (how many competitive mining rig manufacturers are there, and how many countries do they operate in?); PoS makes participating a much more level playing field by removing dependence on physical and monopolizable resources.

PoW does have sheer simplicity and a proven record of working on its side, but the idea that whatever upsides to PoW over PoS that exist are and will stay worth more than 0.5% of global electricity production seems extremely biased.

Re: 1 Year of Coinbase as a mission focused company

#469

Post by doopy1 »

refenestrator wrote: post #407
tootie wrote: post #62

This seems like a gross abuse of the phrase "mission focused" to mean "operating for profit with total blinders on to the wider world". With a very appropriate photo of the 90s Bulls being a group of self-serving egomaniacs who put winning above everything else. My current employer (a non-profit) uses the term "mission focused" to mean "we are serving the public good even when it isn't profitable and acknowledging ou…

Cryptocurrency mining consumes the same amount of power as Argentina or whatever the figure is, for no benefit. If wrapping a rainbow flag around it and studiously noting everyone's pronouns made that "ok", it'd frankly be even more perverse.

"For no benefit" is not an objective read. A lot of folks are benefitting.

IMO the environmental impact of crypto is also completely overstated. There are issues so much bigger than crypto's energy consumption that it's basically just a rounding error.

Re: 1 Year of Coinbase as a mission focused company

#470

Post by temp8964 »

ctur wrote: post #56

I wrote this in an email turning down a chance explore opportunities at Coinbase. > To me, diversity and social justice are critically important. I have the luxury of being selective in where I put my time and energy and it is important those values align with my career. I appreciate aspects of being "mission focused" but I think that there is a gulf between my personal values and Coinbase's values such that I would…

This is a win win. They don’t want you and you don’t want them. There’s nothing wrong with it. It would only seem wrong to people with authoritarian desire to force everyone to align with themselves.
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