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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

#591
post #571

Earlier quoted context omitted.

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.

They are expressed in dollars, but converted to stocks at the grant-time value, and vested in number of stocks.

It’s unclear to me why this is being downvoted: that is exactly how it works at my (FAANG) employer.

Re: 1 Year of Coinbase as a mission focused company

#592

Earlier quoted context omitted.

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.

Your beliefs about the value of pog stocks has little bearing on the value of pog stocks.

Re: 1 Year of Coinbase as a mission focused company

#593
post #253

> 3/ One of the biggest concerns around our stance was that it would impact our diversity numbers. Since my post, we've grown our headcount about 110%, while our diversity numbers have remained the same, or even improved on some metrics. If there’s one thing I’ve learned from Reddit is at scale a sentence like this often means they’ve established a dominant monoculture and squashed out the ‘annoyances’..

If there is one thing I've learned from a company that went woke was that the supposed diversity that it reached was merely superficial. They hired people from all the minorities necessary and ended up with culture that was even more monolithic than before. No dissent allowed. I am a bisexual dude, and nobody at work (sans my closest friends) know about it because it's none of their business. I did not disclose it du…

This has been my observation as well. Such companies pat themselves on the back for hiring a diverse group who actually think the same _despite_ coming from different backgrounds or have different skin color.

Re: 1 Year of Coinbase as a mission focused company

#594
post #158

Earlier quoted context omitted.

> Just want to say how ridiculous this is from a European perspective. What is ridiculous? What Brian said? the response? I'm not following.

Saying you're a mission focused company and this being somehow controversial is ridiculous. Every company should be mission focused. As his post demonstrates, it turns out to not be controversial at all. A handful of people left and after a few weeks the Twitter mob stops. Then you're left with reasonable people to do the job, which is the point of any company.

> A handful of people left

They lost close to half of their engineering team, significant percentages of their operations teams, and many senior leaders.

Re: 1 Year of Coinbase as a mission focused company

#595
post #430

Earlier quoted context omitted.

I’m not sure why you think people who care about justice draw that energy from the same pool that motivates their work, as if it’s a zero-sum calculus. It isn’t. People who think about things systemically tend to apply that perspective in all of their practices. And that’s the value.

You're assuming that everyone that think about things systemically end up with the same views. I don't think that's true.

Most do, though, because there does tend to be a more correct position on this class of stuff.

Re: 1 Year of Coinbase as a mission focused company

#596

Earlier quoted context omitted.

"People like [the OP]" are in my experience consistently better at what they do than the sort of folks which Coinbase is now apparently soliciting.

Brian disagrees, he opened his discussion of the benefits by saying: "it has allowed us to hire some of the best talent from organizations where employees are fed up with politics, infighting, and distraction".

This is definitely not true (shrug) Attrition has more than doubled and most engineering teams are critically understaffed.

Re: 1 Year of Coinbase as a mission focused company

#597

Earlier quoted context omitted.

Sounds like both sides are generally looking for more from the labor arrangement than simply keeping the lights on.

Absolutely! You spend the majority of your awake time at work. Some people optimize for money, others optimize for status, happiness or any other objective humans can have. I think the thing that really upsets people is that the company changed course. People who go to work at a HFT firm are probably all motivated by compensation - and would expect that, because it’s baked into the company culture and business model.…

I went to work for an HFT largely for non-compensation reasons. I had friends I liked working there and the technical challenges were extremely interesting. I learned a ton that has been really helpful sense in my career outside of HFT. Most of the engineers I worked with had similar motivations. I actually think my time in Silicon Valley startups has had me interacting with people more interested in compensation than any of my time in trading.

(None of this matters to the larger discussion but wanted to offer you a perspective of someone who has actually made the choice you are using as an example)

Re: 1 Year of Coinbase as a mission focused company

#598
post #588

Earlier quoted context omitted.

To the best of my knowledge, there exists no term in the medical lexicon denoting the category of "interventions 'tomp believes should not be covered in some or all cases by health insurance."

what category does "beauty plastic surgery" fall under, if not "emergency" or "elective" ?

Cosmesis is elective.

Neither of us is going to convince one another; you very evidently have strongly held opinions about how medicine should be practiced, whereas I know some things about how it is. That being so, I see no point in continuing this line of discussion any further. Should you feel otherwise, I hope you enjoy it.

Re: 1 Year of Coinbase as a mission focused company

#599
post #588

Earlier quoted context omitted.

what category does "beauty plastic surgery" fall under, if not "emergency" or "elective" ?

Cosmesis is elective. Neither of us is going to convince one another; you very evidently have strongly held opinions about how medicine should be practiced, whereas I know some things about how it is. That being so, I see no point in continuing this line of discussion any further. Should you feel otherwise, I hope you enjoy it.

The core reasons seems to be that you seem to keep misrepresenting my arguments.

I'm not talking about "practicing medicine" at all, just about who pays for what.

Re: 1 Year of Coinbase as a mission focused company

#600

Earlier quoted context omitted.

This is backwards, and the crux of why it's backwards lies here: > Or they're not rowing at all and just yelling at each other on Slack all day. I have never seen an office where you will not be fired for turning politics (or anything really) into a flamewar. Period. And that's because companies past a certain size know they always have multiple "5%ers" rowing in the wrong direction. If it's not politics it will be p…

A specialized forum where some subjects can simply be ruled off-topic will be easier to moderate than a forum where you can talk about anything. That’s not to say there are no controversies left, but it’s easier. Agreeing on a mission is a form of specialization. In the case of Coinbase there are likely plenty of debates about cryptocurrencies, and that’s controversy enough.

I mean that's just a well-dressed tautology: reducing what you can say reduces what you can moderate.

The point is the fraction of things you rule off-topic by becoming "mission focused" is infinitesimal compared to the the topics that can disharmony can form around.

It's in people's nature to find things to discuss, and eventually some of those discussions become debates.

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You might as well play both sides by allowing yourself to support causes, with the explicit understanding that doesn't give anyone free reign to shit on their coworkers for their beliefs.

That's just good business since beliefs don't have to be political...

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