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Coinbase employees petition to remove execs

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Re: Coinbase employees petition to remove execs

#291
post #275

Earlier quoted context omitted.

> how well they demonstrate the 10 crore Values at coinbase I wonder if these are the 10 core values, or Coinbase actually has 10 crore (100,000,000) values they want employees to think about... Doesn't seem impossible given some HR departments I've seen.

Here they are: https://www.coinbase.com/mission Not sure what you are trying to mean.

In India, 1 lakh is 100 thousand and 1 crore is 10 million. The joke is based on a typo in the original post.

Re: Coinbase employees petition to remove execs

#292
post #213

Coinbase has been slipping in several ways. - Yesterday was onboarding my friend to Coinbase wallet and the landing page for that product was 404'ing. This is the first result on Google! Proof - https://imgur.com/yMt1N49 - They activated the dapp browser in the app, with a new wallet that's different than my existing coinbase wallet. Why?? Why do I now have 2 wallets. - Coinbase direct deposit does not work with Gust…

> Rescinding offers. Terrible, how could they not forsee a massive backlash? While it is sad that offers are rescinded, the company is struggling. Sometimes, hard choices need to be made.

The four year cycle of Bitcoin caused by halvings is not a secret, certainly not to Coinbase. Hiring in that fourth year that is always a bear market was folly. They've been in the game too long and have more data than anyone to know that "this time is different" was dumb.

https://www.lookintobitcoin.com/charts/bitcoin-investor-tool...

Re: Coinbase employees petition to remove execs

#293
post #260
post #167

Earlier quoted context omitted.

> The end result is one giant popularity contest, with the beautiful people clique getting the highest ratings, and everyone else getting varying degrees of shit based on how unpopular they are and how much intrigue is currently going on. Welcome to life. Human social hierarchies have always worked like this. The only thing this dot collector is doing is presenting it explicitly in a way even people with poor social…

You may not think male appearance matters, but it does. Height, hair color, voice timbre, skin complexion/health all increase a man's popularity.

I’m well aware. “Less focused on” doesn’t mean “has no effect.”

Re: Coinbase employees petition to remove execs

#294
At its peak, Coinbase stock had appreciated less since its seed round than simply holding Bitcoin

Thanks to brilliant management, like handing out a billion dollars to some google exec who knew nothing about crypto and shipped a product no one uses, Coinbase is now indexed to the average price of the shitcoins it consistently lists.

Re: Coinbase employees petition to remove execs

#295

Earlier quoted context omitted.

> 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.

Right. I’m reminded of Travis Kalanick’s “super pumped” metric at Uber. And of course that Black Mirror episode. Constantly evince a super positive energy or else.

episode: https://en.wikipedia.org/wiki/Nosedive_(Black_Mirror)

Re: Coinbase employees petition to remove execs

#296

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

Yikes. Insulting your employees is not a good look.

> We praise in public and criticize in private

But you’re criticizing employees in public right now? As the CEO and founder I think you need to be receptive to criticism and take it on the chin. This tweet reads as if it was written in a frustrated, spontaneous episode. That’s also not a really inspiring look for outsiders or investors.

Best of luck, I’m moving over to Kraken. Treating and talking about employees like this isn’t okay.

Re: Coinbase employees petition to remove execs

#300

Responded here https://twitter.com/brian_armstrong/status/15353049437284147...

Someone said:

A generally apathetic and sometimes condescending attitude from the CPO, COO, and Chief People Officer

Which you replied to with a very apathetic and condescending:

Second, if you have no confidence in the execs or CEO of a company then why are you working at that company? Quit and find a company to work at that you believe in!

This is a very amateurish response, and honestly I'm expecting better from some exec of a publicly traded company. You should have used this as an opportunity to make your employees believe they made the right choice, share how Coinbase is always (supposed to be) looking for new ways to improve, and how there are more appropriate channels for this kind of feedback.

Instead you let your ego get in the way, shared some childish tweets (that you'll probably regret soon), and alienated the majority of your employees.

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