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Coinbase is a decentralized company, with no headquarters

blog.coinbase.com

131–140 of 203 posts

Re: Coinbase is a decentralized company, with no headquarters

#131

Earlier quoted context omitted.

I agree, 1 year is very short time. We might see the effects of WFH policy even after 5 years or so, positive or negative.

Yeah. Work from home is not suitable for all personality types, for example. I believe one needs to at least be partially introverted to thrive in it. And I worry about long-term cohesion, onboarding and mentorship for rookie hires, culture erosion, serendipity effects, etc. that tend to get lost in remote work.

(Rant about WFH removed)

Re: Coinbase is a decentralized company, with no headquarters

#132

Should probably qualify this as "geographically decentralized". As long as there are C-level executives, VPs, and the usual corporate heirarchy, they're not really decentralized in the sense that cryptocurrency itself is fully consensus-driven.

Indeed, I would say the article is mistitled. Or at least, it was titled in a way that tries to capitalize on the buzzwordiness of the term "decentralized" without really using the word in the sense in which it is usually used by the cryptocurrency community. A better title would have been "Coinbase now permanently Remote-first".

Re: Coinbase is a decentralized company, with no headquarters

#133

Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?

You can in Australia, they even gave us a Covid-bonus (deduction) last year.

But that has always been the case. Anything you purchase that is used for work purposes can be deducted (at a pro-rata basis if need be).

Re: Coinbase is a decentralized company, with no headquarters

#134
post #119

Earlier quoted context omitted.

It depends, it was always a bit of a red flag in the US, but freelancers did and do so anyway. Based on the 2017? tax changes, employees basically can't period. See e.g. https://www.zdnet.com/article/your-home-office-deductions-ch...

Anyway the standard deduction is huge now so you’d need to beat that with a monstrous rent and a huge part of the house for it to apply, right?

Pretty much. I've itemized the past couple of years for various reasons but most people won't benefit from a home office deduction.

Re: Coinbase is a decentralized company, with no headquarters

#135
post #74

Earlier quoted context omitted.

Why wouldn't companies use WFH for their own benefit? They are businesses. I find it weird that western workers somehow imagine that WFH means that they can happily work remote but not compete with other remote workers. The fact is that their big value-add has been the physical contact with the employer, as employers want to interact with their employees f2f for god knows what reason.

I agree with the sentiment that companies should compete on WFH wages, the same as they would compete on anything else. It's really weird to me that HN thinks it shouldn't make a difference. Why not? You get to pick the job, pick it if it pays enough, don't if it doesn't. If it suppresses wages.. good, they were too high anyay. But I disagree with "f2f for god knows what reason.". Face-to-face is really important to…

I expect a lot of workplaces will change and many of those who can will shift to those workplaces that accommodate their preferred styles.

Re: Coinbase is a decentralized company, with no headquarters

#136

Earlier quoted context omitted.

> As long as there are C-level executives, VPs, and the usual corporate heirarchy, they're not really decentralized in the sense that cryptocurrency itself is fully consensus-driven. Is that the best litmus test? My impression is that Valve is decentralized and self-organizing company[1] even though Gabe still has a "President" title. In any case, it's quite an achievement to lie twice in a relatively short title. It…

take a minute to look up the various "I was inside Valve and it had a hidden structure" war stories. that led to a lot of people reading "The Tyranny of Structurelessness" back in the day. TLDR: "Welcome To Flatland" is Valve marketing and it doesn't hurt to take it with a grain of salt. https://www.pcgamer.com/valves-flat-structure-contains-hidde... https://medium.com/dunia-media/the-nightmare-of-valves-self-... htt…

Surely that proves that it is decentralized; like so many decentralized services before it (IRC, email) the lack of the lack of formal structure meant that its structure was emergent instead (freenode, gmail).

Re: Coinbase is a decentralized company, with no headquarters

#137
post #93

Keep in mind: The average tenure for big-tech employees is less than 3 years -- and usually more like 2 years [1]. We were all abruptly pushed into WFH due to the circumstances. It's perfectly logical to embrace this status quo, and then just gradually transition back to the office (in full or in part) as the dust settles. [1] https://www.businessinsider.com/average-employee-tenure-rete...

Hard to tell. The future is hybrid. Not all people would go back to office that often, making office less important, and company would spend less on office benefits. This is a self-enforcing feedback loop.

Yup. For work that can be done remotely, I think there are only two stable points. One is where you and your colleagues are in the same space almost all your working time. The other is full remote probably with occasional get-togethers for bonding and close collaboration. (Monthly to quarterly are the common frequencies I see.)

I suspect anything in between won't work very well. "Come in when you like" is obviously untenable; if there's no knowing when your colleagues will be in the office, then there's not much point in going in either. (Except maybe to near-to-home cafes and coworking spaces, which I expect to become more popular.) All of the N-days-a-week compromises end up seeming pretty arbitrary.

I honestly really enjoy close, collocated collaboration. But it seems so impractical to get all the right people close enough that the productivity bump is worth the commute. I expect I'll be working mostly remote from now on.

Re: Coinbase is a decentralized company, with no headquarters

#138

Earlier quoted context omitted.

Yeah. Work from home is not suitable for all personality types, for example. I believe one needs to at least be partially introverted to thrive in it. And I worry about long-term cohesion, onboarding and mentorship for rookie hires, culture erosion, serendipity effects, etc. that tend to get lost in remote work.

(Rant about WFH removed)

Have you tried ear plugs possibly combined with ear muffs?

Re: Coinbase is a decentralized company, with no headquarters

#140

Earlier quoted context omitted.

Does it work the other way around, too? E.g., if live in New Hampshire and work remotely for a New York company, do I have to pay the NY income tax?

If you earn money from a "New York Source", you have to pay NY State income tax even if you live in another state. https://www.tax.ny.gov/pit/file/nonresident-faqs.htm#nystax

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