1 Year of Coinbase as a mission focused company • Hacker News Board

Re: 1 Year of Coinbase as a mission focused company

#521

Post by fullshark » Sat, Oct 09, 2021, 5:14 AM UTC

staysafeanon wrote: post #257

jrockway wrote: post #67

What mission did they focus on and how did it go? All I see here is "I wrote a controversial screed and many people tolerated it and kept showing up to work." That's great and all, but what sort of new things did it unlock? How do you compare it to the world where you didn't write the screed? It all feels like a heap of bullshit to me -- if you're in the right industry, you can be the worst manager on the planet and…

>What mission did they focus on and how did it go? RTFA: https://blog.coinbase.com/coinbase-is-a-mission-focused-comp...

So many words until this:

> Coinbase’s mission is to create an open financial system for the world. This means we want to use cryptocurrency to bring economic freedom to people all over the world.

Basically sounds like “mission focused” = “do your job”

Re: 1 Year of Coinbase as a mission focused company

#522

Post by meowtimemania » Sat, Oct 09, 2021, 5:21 AM UTC

fshbbdssbbgdd wrote: post #6

I think the reality is that Coinbase is so obviously a rocketship that the CEO could say anything and they’d have no trouble with recruitment or retention. Existing employees have stock grants worth millions, and new employees are getting great offers. The people who will take these jobs are generally going to be bullish on crypto. If you expect crypto to become a bigger piece of the economy in the future, it would b…

Coinbase has an rsu policy where you are not granted some number of shares each year but rather some dollar amount. So if my offer letter says I get $50k worth of rsus each year, and then Coinbase’s stock increases 10x, i’m still just going to receive 50k

Re: 1 Year of Coinbase as a mission focused company

#523

Post by TylerE » Sat, Oct 09, 2021, 5:25 AM UTC

solveit wrote: post #503

sneak wrote: post #420

Earlier quoted context omitted.

I love cryptocurrency and don't care much for american progressivism. It's still pretty obvious to me that Coinbase is run by scumbags, like Uber and Google are.

Can you name a company in, say, the top 50 largest companies by market cap that isn't run by scumbags? The intent of the question is to divine whether you think Coinbase in particular is a problem, or whether you have a problem with big companies in general.

Berkshire Hathaway?

Re: 1 Year of Coinbase as a mission focused company

#524

Post by secabeen » Sat, Oct 09, 2021, 5:29 AM UTC

moosedev wrote: post #514

muench wrote: post #391

Earlier quoted context omitted.

COBRA means you’re still getting insurance through your (former) employer. How much does the same insurance benefit cost if you buy it fully on your own? In my experience you can’t even buy a similar plan as an individual. And definitely not at the same price.

This matches my recent experience. I researched plans on Washington state's health marketplace and found that while the available plans were generally much cheaper than COBRA, their coverage for out-of-network or out-of-state care was limited (e.g. "emergency" care only, where the definition of emergency is vague and up to the insurer). And even if you are careful to get taken to an "in-network" hospital, there are p…

> . And even if you are careful to get taken to an "in-network" hospital, there are plenty of horror stories about inadvertently getting treated by an "out-of-network" provider while inside and being on the hook for the entire bill.

This is no longer legal in any state as of July 1st of this year.

> Bans out-of-network charges for ancillary care (like an anesthesiologist or assistant surgeon) at an in-network facility in all circumstances.

https://www.hhs.gov/about/news/2021/07/01/hhs-announces-rule...

Re: 1 Year of Coinbase as a mission focused company

#525

Post by aaomidi » Sat, Oct 09, 2021, 5:32 AM UTC

gorwell wrote: post #474

gwelson wrote: post #252

The thing I hate about this line of thinking is the supposed "distractions" of being mission-focused are nearly all related simply to basic rights/dignities for marginalized groups. I don't think anyone is saying companies need to take a strong stance on every political issue, but merely saying "we as a company believe the lives of our Black employees matter" or "we as a company welcome and accept our LGBTQ+ employee…

As an atheist that grew up in a religious environment, the techniques and patterns of religions are recognizable. You may not realize it, but you are introducing religion into the workplace. A Christian posts on HN: merely saying "we as a company believe thou shalt love thy neighbor as thyself" or "we as a company believe you shall not steal" are just...basic things you need to do in 1952.

As someone who grew up in Iran, you're mixing two entirely unrelated things up in bad faith.

Saying people deserve to be able to live isn't the same as introducing extremely "othering" religions.

The tactics are the same, the goals are different. Comparing these is bad faith.

Re: 1 Year of Coinbase as a mission focused company

#526

Post by bradlys » Sat, Oct 09, 2021, 5:50 AM UTC

throw_m239339 wrote: post #270

afavour wrote: post #114

Earlier quoted context omitted.

As a European living and working in the US: your comparison is very shortsighted. European countries literally have no legal concept of at-will employment. They have strong social nets that make quitting your job much easier, and more prevalent unions that fight to improve working conditions (all of these things are, gasp, political! incidentally) By comparison employment in the US is messed up enough that if you lea…

> European countries literally have no legal concept of at-will employment. They have strong social nets that make quitting your job much easier, and more prevalent unions that fight to improve working conditions (all of these things are, gasp, political! incidentally) This isn't what is debated here. What is debated is whether Coinbase should display a Black Lives Matter flag on its website and whether employees sho…

The reason it’s absurd in Europe is because Europe is a very “left” leaning region (its more that America is just so wildly conservative and in the pockets of capitalists). Many European countries do not have a political party that is even as right leaning as the Democratic Party within the USA.

A lot of the stuff in Europe is just a given whereas in the US, almost nothing is a given. Even the leftists in the US are quite modest with their essential demands in comparison to most of Europe!

Re: 1 Year of Coinbase as a mission focused company

#527

Post by jimmydorry » Sat, Oct 09, 2021, 5:51 AM UTC

meowtimemania wrote: post #522

fshbbdssbbgdd wrote: post #6

I think the reality is that Coinbase is so obviously a rocketship that the CEO could say anything and they’d have no trouble with recruitment or retention. Existing employees have stock grants worth millions, and new employees are getting great offers. The people who will take these jobs are generally going to be bullish on crypto. If you expect crypto to become a bigger piece of the economy in the future, it would b…

Coinbase has an rsu policy where you are not granted some number of shares each year but rather some dollar amount. So if my offer letter says I get $50k worth of rsus each year, and then Coinbase’s stock increases 10x, i’m still just going to receive 50k

If you are bullish on crypto, 50k of Coinbase stocks should have a significant pay off, like buying 50k of Google stock a decade ago.

Re: 1 Year of Coinbase as a mission focused company

#528

Post by bradlys » Sat, Oct 09, 2021, 5:53 AM UTC

ravel-bar-foo wrote: post #505

plorg wrote: post #499

Earlier quoted context omitted.

If a trans person walked into my office their existence would be a political problem, because none of my coworkers or company leadership accept the legitimacy of trans identity. It isn't that the person's physical safety is in danger (necessarily), but merely being present makes them the subject of politics. And those politics are generally hostile. I have a trans friend who was qualified for an open position, and I…

I'm in South Korea. We don't have many trans people here, the mainstream feminist movement is anti-trans, and most of the mainstream Christian movements are anti-LGBT. (My boss is Catholic.) Despite this, when we had a trans person visit my workplace ... absolutely nothing happened. They had lunch with us, nobody said anything about their gender, sexuality, or appearance, and they never mentioned it. Conversation was…

From what I understand about SEA countries, they tend to not be rude upfront but will definitely discriminate later.

America is different. We do both.

Re: 1 Year of Coinbase as a mission focused company

#529

Post by vkou » Sat, Oct 09, 2021, 6:12 AM UTC

remarkEon wrote: post #520

vkou wrote: post #519

Earlier quoted context omitted.

Your response, ironically, is in the exact same vein of what you criticize. You interpret what I said it in the worst possible, and particularly politically slanted way. What about my post makes you assume I wasn't talking about the experience of a conservative in a tech firm? Much ink has been spilled on the subject of people of that political orientation not feeling welcome in those workplaces. People who are trans…

I appreciate a good round of gaslighting now and then, but you and I both know exactly what you meant in your original post.

No, we didn't - I've very deliberately avoided making any allusions as to what group may feel impacted by this, because it is applicable to any outgroup.

I do, however, think we both know exactly what you mean when your condemn this behaviour - but very explicitly call out only a particular group for it.

Re: 1 Year of Coinbase as a mission focused company

#530

Post by satvikpendem » Sat, Oct 09, 2021, 6:16 AM UTC

meowtimemania wrote: post #522

fshbbdssbbgdd wrote: post #6

I think the reality is that Coinbase is so obviously a rocketship that the CEO could say anything and they’d have no trouble with recruitment or retention. Existing employees have stock grants worth millions, and new employees are getting great offers. The people who will take these jobs are generally going to be bullish on crypto. If you expect crypto to become a bigger piece of the economy in the future, it would b…

Coinbase has an rsu policy where you are not granted some number of shares each year but rather some dollar amount. So if my offer letter says I get $50k worth of rsus each year, and then Coinbase’s stock increases 10x, i’m still just going to receive 50k

Is that not the case for most companies? At FAAMG I've seen yearly stock grants be in dollar figures and not number of shares.