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Coinbase is a decentralized company, with no headquarters

blog.coinbase.com

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Re: Coinbase is a decentralized company, with no headquarters

#141

Post by beachy »

missedthecue wrote: post #98
donsupreme wrote: post #68

Industries that rely heavily on business travel are basically fucked. Airlines (first and business class), hotels, ridesharings, car rentals and etc.

I don't see how business travel goes away. You just can't effectively build relationships over zoom, phone calls, and email. It's just not possible. Ask anyone who's been in a long distance relationship.

> Ask anyone who's been in a long distance relationship.

Hardly a fair comparison. You don't have to love, or even have any real feelings towards business colleagues, customers etc.

The opposite to a long distance relationship.

Re: Coinbase is a decentralized company, with no headquarters

#142

Post by heavyset_go »

samr71 wrote: post #25
almost_usual wrote: post #19

Earlier quoted context omitted.

Which most tech workers who get paid in RSUs are?

Until they're replaced with a team in Jakarta or Dhaka making 10% of what they made.

This was possible before COVID and it didn't happen.

Re: Coinbase is a decentralized company, with no headquarters

#143

Post by redisman »

gamblor956 wrote: post #57
samr71 wrote: post #15

Earlier quoted context omitted.

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.

Tech isn't CA's only industry... CA's large GDP is the result of the diversification of its industries. CA has the largest agricultural industry in the U.S., the largest manufacturing industry (yes, people still make things in the U.S.), the largest entertainment industry, and the largest tourism industry. And that doesn't even take into account the purely local-market GDP in the Bay Area, LA/OC metro area, or San Di…

> the largest...

Shouldn’t you at least divide these by population to get any meaningful metrics? Otherwise you’re just saying it’s the largest state in different ways

Re: Coinbase is a decentralized company, with no headquarters

#144

Post by bulek »

tessierashpool wrote: post #107
CharlesW wrote: post #96

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…

Important to note that Gabe gave the product rights that the fired team were developing. Said team went on to have a successful Kickstarter (250% successful!), and then failed in actually delivering results.

In hindsight, seems smart to pull the plug so far in advance.

I'm sure the complaints about informal power groups, careful politicking being required and gaurded groups are true... if only because that's true in every office I've worked in.

Re: Coinbase is a decentralized company, with no headquarters

#145

Post by samr71 »

yao420 wrote: post #101
tshaddox wrote: post #71

Earlier quoted context omitted.

Because you don’t have to cram 2 new desks into the expensive 1 bedroom apartment you share with your partner.

Well that’s offset by the fact you no longer have to get a small one bedroom near a large city downtown. Without the commute suburbs or smaller cities offer much bigger and better spaces for less. Why pay $4.5k for that one bedroom in SOMA when you can get a 4 bedroom home in Sacramento for the same price.

I can't help but feel that this is going backwards. Cities are effective engines for value generation. Being in a city is valuable due to network effects, density, and overall efficiency that suburbs lack. Increased urbanization has gone hand-in-hand with increased prosperity for centuries. People don't pay $4.5k for a one bedroom in SOMA (just) to be close to the office.

It's too early too say if the historic value of cities will be replaced by the internet, IMO. YC makes each batch move to SV for a reason.

Re: Coinbase is a decentralized company, with no headquarters

#146

Post by dmode »

Well, I guess I won’t be working for Coinbase then. I am probably of the rare breed, who actually likes to go to office (not everyday). I can’t imagine staying home all day everyday basically hopping zoom calls. I hope other companies use office presence as a competitive advantage at this point

Re: Coinbase is a decentralized company, with no headquarters

#147

Post by mac01021 »

dmode wrote: post #146

Well, I guess I won’t be working for Coinbase then. I am probably of the rare breed, who actually likes to go to office (not everyday). I can’t imagine staying home all day everyday basically hopping zoom calls. I hope other companies use office presence as a competitive advantage at this point

No HQ need not mean no office.

Re: Coinbase is a decentralized company, with no headquarters

#148

Post by dmode »

mac01021 wrote: post #147
dmode wrote: post #146

Well, I guess I won’t be working for Coinbase then. I am probably of the rare breed, who actually likes to go to office (not everyday). I can’t imagine staying home all day everyday basically hopping zoom calls. I hope other companies use office presence as a competitive advantage at this point

No HQ need not mean no office.

I have worked in a mostly remote company. Eventually everyone just stops going to the office as they are not sure if anyone will be there. Eventually the real estate sits empty and the employer exits it

Re: Coinbase is a decentralized company, with no headquarters

#149

Post by mac01021 »

dmode wrote: post #148
mac01021 wrote: post #147

Earlier quoted context omitted.

No HQ need not mean no office.

I have worked in a mostly remote company. Eventually everyone just stops going to the office as they are not sure if anyone will be there. Eventually the real estate sits empty and the employer exits it

You can have a company with many offices, and every employee in an office all the time, but no one office designated as the HQ.

Re: Coinbase is a decentralized company, with no headquarters

#150

Post by azinman2 »

nostrademons wrote: post #100
almost_usual wrote: post #27

Bay Area tech scene jumped shark in 2016. Was a fun time to be there but that time has passed.

Also jumped the shark in 2007, 2000, 1989, and 1972. Bay Area has always had boom & bust cycles, and the busts can last for 5+ years. They also seem to precede the recession by about 2-ish years. I'd agree that 2016 was effectively the end of the last boom, 2016-2018 we were coasting, and the crisis was COVID in 2020. So we'll probably see the next boom start around mid-2022, and really get going through 2023.

That doesn't mean that 'this time is different' is wrong. Unfortunately without true oracles, only time will tell.
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