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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

#21

Post by destitude »

BitwiseFool wrote: post #7

This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures. Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some…

I'm not clear why you think all remote companies can't have processes in place that allow them to work the same as those working in a physical office space.

Re: Coinbase is a decentralized company, with no headquarters

#22

Post by almost_usual »

danielrhodes wrote: post #20

I 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?"

Not everyone will be paid less, the best will get paid the most.

I would take paying for my own home setup (which most companies will give you a stipend for) over commuting any day.

Re: Coinbase is a decentralized company, with no headquarters

#25

Post by samr71 »

almost_usual wrote: post #19
samr71 wrote: post #12

Earlier quoted context omitted.

This will almost certainly be bad for most everyone but company shareholders, unfortunately.

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.

Re: Coinbase is a decentralized company, with no headquarters

#26

Post by alteria »

almost_usual wrote: post #19
samr71 wrote: post #12

Earlier quoted context omitted.

This will almost certainly be bad for most everyone but company shareholders, unfortunately.

Which most tech workers who get paid in RSUs are?

But they also have to live without an office and may not have meaningful stakes to make the tradeoff worth it for most.

Re: Coinbase is a decentralized company, with no headquarters

#28

Post by ghaff »

destitude wrote: post #21
BitwiseFool wrote: post #7

This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures. Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some…

I'm not clear why you think all remote companies can't have processes in place that allow them to work the same as those working in a physical office space.

Yeah, the two things are pretty much orthogonal to each other. Though, if anything, I'd probably argue that absent clear communication channels and roles, remote work is much harder if you're dependent on self-organization.

Re: Coinbase is a decentralized company, with no headquarters

#29

Post by almost_usual »

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.

You really believe an in office work environment was the only thing preventing this from happening? Top talent gets paid the most.

Re: Coinbase is a decentralized company, with no headquarters

#30

Post by lxgr »

paulpauper wrote: post #17

Too 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.

Any regulated financial institution is required to do that. Where did you get the idea PayPal doesn‘t?
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