I am really looking forward to a future where we can all spread out to the locations we want and live the way we want. The trends of the past few decades towards big urban destinations means that people come to cities and encounter political strife trying to each make it how they want it, and no one is ever really happy. We already have a fix for that in our political system, which is to limit the amount of governance at higher-levels of the government (state, federal) and let local jurisdictions decide how they want to manage themselves. But taking full advantage of that requires more distributed economies. Hopefully this economic revolution (decentralization away from offices and expensive cities) also lets us decentralize politics next, so we can lower the temperature and be happy.
Coinbase is a decentralized company, with no headquarters
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Re: Coinbase is a decentralized company, with no headquarters
#12I can see a future where office work is so rare that it's considered to be a major benefit only afforded by large corporations.
This will almost certainly be bad for most everyone but company shareholders, unfortunately.
Re: Coinbase is a decentralized company, with no headquarters
#13I can see a future where office work is so rare that it's considered to be a major benefit only afforded by large corporations.
Why would it be a benefit?
Re: Coinbase is a decentralized company, with no headquarters
#14>In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of our new hires are from outside of the state. This has huge implications for California. The state of California is horribly mismanaged, but the tremendous amounts of money that is bought in by tech, covers a multitude of sins. However, if that money starts drying up, California will be in a world of hurt.
> The state of California is horribly mismanaged
Compared to what? Texas?
Edited to add: Wikipedia:
> The economy of the State of California is the largest in the United States, boasting a $3.2 trillion gross state product (GSP) as of 2019.[9] If California were a sovereign nation (2019), it would rank as the world's fifth largest economy, ahead of India and behind Germany.[10][11]…
Re: Coinbase is a decentralized company, with no headquarters
#15>In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of our new hires are from outside of the state. This has huge implications for California. The state of California is horribly mismanaged, but the tremendous amounts of money that is bought in by tech, covers a multitude of sins. However, if that money starts drying up, California will be in a world of hurt.
> The state of California is horribly mismanaged Compared to what? Texas? Edited to add: Wikipedia: > The economy of the State of California is the largest in the United States, boasting a $3.2 trillion gross state product (GSP) as of 2019.[9] If California were a sovereign nation (2019), it would rank as the world's fifth largest economy, ahead of India and behind Germany.[10][11]…
What does a large GDP prove? It is the largest state after all. A smaller state, that doesn't happen to contain some of the country's best real estate and most productive industries (say, New Hampshire) could be better run, but of course with a smaller GDP to show for it.
California's large GDP could then be in spite of its management, not a product of it.
Re: Coinbase is a decentralized company, with no headquarters
#16We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
One thing the average worker should watch out for is companies who perform geographically adjustment pay scales. Some WFH companies now even list that as a benefit that they do not do these type of adjustments. I'm not sure what the best answer is to that but feel many are using it as an excuse to pay workers less.
Re: Coinbase is a decentralized company, with no headquarters
#17Too bad coinabase\s approach to crypto is centralized. They operate a blocklists to prevent people from sending funds to certain addresses . Even paypal does not do this.
Re: Coinbase is a decentralized company, with no headquarters
#18Earlier quoted context omitted.
> The state of California is horribly mismanaged Compared to what? Texas? Edited to add: Wikipedia: > The economy of the State of California is the largest in the United States, boasting a $3.2 trillion gross state product (GSP) as of 2019.[9] If California were a sovereign nation (2019), it would rank as the world's fifth largest economy, ahead of India and behind Germany.[10][11]…
What does a large GDP prove? It is the largest state after all. A smaller state, that doesn't happen to contain some of the country's best real estate and most productive industries (say, New Hampshire) could be better run, but of course with a smaller GDP to show for it. California's large GDP could then be in spite of its management, not a product of it.
California is ahead of India, a country of well over 1 billion people, which pretty much refutes the size argument.
Re: Coinbase is a decentralized company, with no headquarters
#19Re: Coinbase is a decentralized company, with no headquarters
#20I can't imagine what Karl Marx would think of all this. :-)
"You mean to tell me the factory owner said the entire factory is now distributed? And you must now put the equipment on your own property in addition to using your own equipment, and you still don't get a share in the wealth? And on top of that, they will pay you less?"