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Coinbase is a decentralized company, with no headquarters

blog.coinbase.com

181–190 of 203 posts

Re: Coinbase is a decentralized company, with no headquarters

#181
post #148

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

I worked mostly remote and we met up every Wednesday - unless we had reasons to move it to another day (client meeting, conference, etc).

It worked out really well since everybody came together at the same time.

Re: Coinbase is a decentralized company, with no headquarters

#182
post #173
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

> I can’t imagine staying home all day everyday I can imagine it, because I've been doing it every day for the past year. It sucks. It sucks a lot. I can't even count the number of people in my tech circle who went from (pre-covid) "ugh, so-and-so works from home at an all-remote company, that sounds fantastic" to (early-covid) "wow, working from home is fantastic, I can start a bit later, no boring commute, this is…

I agree that a lot of people will want to go back to 60% or 80% in the office, once again they can. But I feel you're doing a lot of looking into other people's business and being dismissive of their complexities. Or, at least, it sounds like you're using "highly operational" as a proxy for that. Yes, we're not all in the top tier of, whatever is there, maybe rocket science. But there is a very large middle tier of still very complex businesses, which may look simple from the outside, but often only deceivingly so.

Re: Coinbase is a decentralized company, with no headquarters

#184
post #173

Earlier quoted context omitted.

> I can’t imagine staying home all day everyday I can imagine it, because I've been doing it every day for the past year. It sucks. It sucks a lot. I can't even count the number of people in my tech circle who went from (pre-covid) "ugh, so-and-so works from home at an all-remote company, that sounds fantastic" to (early-covid) "wow, working from home is fantastic, I can start a bit later, no boring commute, this is…

I have to know what you do for a living that building and running one of the largest clouds in the world is "highly operational".

I would say that building and running a cloud — multi-tenant outsourced digital infrastructure — seems to be the very definition of “highly operational.” Especially when you’re working at Microsoft, which continues its unregulated tradition of cloning and/or embracing-and-extending its competitors.

Re: Coinbase is a decentralized company, with no headquarters

#186

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.

> Should probably qualify this as "geographically decentralized". What a loose use of the definition, which is oddly very much like Armstrong to attach his name and Coinbase to Bitcoin's virtues. And this is despite him actively helping push Bcash during USAF. > 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…

Bitcoin Cash stays true to Bitcoin's original vision of allowing every one on Earth to control their bitcoin with their own private keys, and transfer it without trusted third party intermediaries.

The Bitcoin Core cooption of Bitcoin - which was the cause of Bitcoin Cash being created - has led to Bitcoin being transformed into a currency that in any kind of future success scenario, only power-users (banks and exchanges) will directly transact with on-chain, with their own private keys. Armstrong's vision is much more pro-decentralization.

Re: Coinbase is a decentralized company, with no headquarters

#187
post #101

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.

What if I live somewhere for other reasons? Anyway, it doesn’t really matter how expensive or big my home is, switching to work-from-home means I have less of that home available to me.

Re: Coinbase is a decentralized company, with no headquarters

#188

Earlier quoted context omitted.

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.

As someone who's been in working and failing long distance relationships, I'm not sure they are a good comparison. The issue in LDRs is mostly lack of intimacy these days, since you can easily be connected all the time. I'm not sure you would need this from someone in sales from company X. As you say the problem would be _building_ relationships, which is different from _maintaining_ them. People have been leaving th…

It's not a perfect comparison, but I think it will always be true that trust between two human beings is more strongly built in person than through an app.

And trust is the foundation of both romantic relationships and business relationships.

Re: Coinbase is a decentralized company, with no headquarters

#189

Earlier quoted context omitted.

> Should probably qualify this as "geographically decentralized". What a loose use of the definition, which is oddly very much like Armstrong to attach his name and Coinbase to Bitcoin's virtues. And this is despite him actively helping push Bcash during USAF. > 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…

Bitcoin Cash stays true to Bitcoin's original vision of allowing every one on Earth to control their bitcoin with their own private keys, and transfer it without trusted third party intermediaries. The Bitcoin Core cooption of Bitcoin - which was the cause of Bitcoin Cash being created - has led to Bitcoin being transformed into a currency that in any kind of future success scenario, only power-users (banks and excha…

Bitcoin Cash foolishly believes they can wave a magic wand or “jazz hands” away the unavoidable technical constraints that inevitably led to Core’s roadmap.

Core accepts the technical realities and limitations of Bitcoin’s design and works within them. Bitcoin Cash simply wishes them away and ignores them, and that will eventually cause the whole system to fail.

They’ll learn the hard way what the wiser small block contingent have understood from the early days. Bitcoin Core’s layered architecture is the only realistically viable architecture given Bitcoin’s inherent design constraints.

Re: Coinbase is a decentralized company, with no headquarters

#190

Earlier quoted context omitted.

Employees don't realize that taxes are the reason companies generally don't allow for remote positions. It's not just payroll taxes at stake. In a nutshell, having an employee in a tax jurisdiction creates a taxable nexus for the company, meaning that they can be subject to income taxes, commercial taxes, sales taxes/VAT, etc., in that jurisdiction. (And note: this has been part of domestic and international tax law…

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?

Funny you bring that up. There's on ongoing case[1] involving New Hampshire and Massachusetts about that exact scenario that's likely to end up debated by the Supreme Court. In essence, does a state have, absent special status like 503(c), the right to apply income tax on activities/services for rendered in different state? If so, that implies that any and every money-making activity done in any part of world may be taxable even if one person in Massachusetts pays for it. This would apply whether the activity is part of an individual sale[2], employment, or contract work as would it apply, mutatis mutantis, for every other state.

[1]https://www.scotusblog.com/case-files/cases/new-hampshire-v-... [2]Which is already subject to sales tax after the reversal of the Quill Corp vs. North Dakota decision in South Dakota vs. Wayfair

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