I don't see how this can possibly go anywhere if employees aren't willing to put their names on it.
Coinbase employees petition to remove execs
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Re: Coinbase employees petition to remove execs
#12So... where does something like this get tabled? Proxy vote at shareholder's meetings? Gang up with an activist investor firm perhaps?
Re: Coinbase employees petition to remove execs
#13Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…
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Re: Coinbase employees petition to remove execs
#14I don't see how this can possibly go anywhere if employees aren't willing to put their names on it.
A great use for zero-knowledge proofs
Re: Coinbase employees petition to remove execs
#15Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…
> include values like positive energy
There is so many things wrong with a system like this. It's asking coworkers to rat on each other. This is dystopian.
Re: Coinbase employees petition to remove execs
#16While I'm sure that there's a lot of truth in this (and love the petition, as it focuses on shareholders, not the employees), the margins Coinbase was having for trading cryptocurrencies was unsustainable, and the company was overvalued.
Now the controversial part: Coinbase had a valuation of 100k BTC in 2012, and had the same valuation (100k BTC) at the IPO time. Unlike the internet where most of the valuecis captured over IP protocol, with Bitcoin I expect the base layer to capture most of the value, and not the companies on top of it.
Re: Coinbase employees petition to remove execs
#17“Signatures will be done in a way that is fair and transparent, as well as respecting the anonymity and privacy of each individual employee.” What are some ideas for how to do this? Maybe start with the assumption that each employee has an ECC key signed by a corporate certificate authority.
Some sort of block chain, where you can also sell your votes to other employees, pegged to USD.
Re: Coinbase employees petition to remove execs
#18Initiatives like the Dot Collector and the Performance review system that has led to a toxic workplace culture I was curious about that "Dot Collector": Dot collector was an application invented by Ray Dalio’s hedge fund and Bridgewater Associates. The application has set its foot in Coinbase since the start of the year and has been in use by the HR and IT teams of the company. The user interface of the app is quite…
> include values like positive energy There is so many things wrong with a system like this. It's asking coworkers to rat on each other. This is dystopian.
I dunno, it only asks for a thumbs up or thumbs down - unless I misread it - which is a lot less invasive or "ratty" than most employee review systems I know.
I prefer human feedback to be honest. And I've only ever given negative feedback on a direct co-worker once, who was a right smug prick.
Re: Coinbase employees petition to remove execs
#19Looks like they stopped discussing external politics and went hardcore on internal politics. Lets see how “mission focused” Coinbase are now.
Re: Coinbase employees petition to remove execs
#20I don't understand how there can be such a push for a vote of no-confidence in three C-level people with no mention of the CEO that ostensibly chose, managed, and retained them.