Earlier quoted context omitted.
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.
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Coinbase is a decentralized company, with no headquarters
31–40 of 203 posts
Re: Coinbase is a decentralized company, with no headquarters
#32This 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 agree, it's natural that new structures emerge in this kind of power vacuum, but it sounds like Coinbase are explicitly taking measures to fight against it.
> The executive team should lead by example... even after people can safely return to offices, the executive team has no plans to be “in-office” on a regular basis, and none of them currently live in San Francisco. This is one of the most powerful things we can do to keep Coinbase from inadvertently returning to an in-office culture.
If they're serious about this, how far do they have to go? Would an official or unofficial policy of not promoting employees who come in to the office too much be enough incentive?
Re: Coinbase is a decentralized company, with no headquarters
#33Too 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.
Yeah, because paypal doesn't allow sending and receiving bitcoins to begin with. For sure they block sanctioned individuals or customers from sanctioned countries like any financial institution. And if they implement crypto, for sure they will have as strict compliance as coinbase.
Re: Coinbase is a decentralized company, with no headquarters
#34How do you do taxes for something like this?
Like lots of employees working in lots of different states/countries, no “home base”.
Is there an easy way to do it?
Re: Coinbase is a decentralized company, with no headquarters
#35We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
Why not? Yes, to the sibling comment, there's the potential issue of pay adjustments that may (or may not) leave employees better off. But, in general, some percentage of employees do seem to want full remote and the majority want to work from home at least half the time. I agree that it's a negative for people who want to go back to an in-person office most days before time. But I assume that there will be many companies that lean in that direction.
Re: Coinbase is a decentralized company, with no headquarters
#36We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
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.
Re: Coinbase is a decentralized company, with no headquarters
#37How do you do taxes for something like this? Like lots of employees working in lots of different states/countries, no “home base”. Is there an easy way to do it?
If there isn’t that’s a business opportunity.
Re: Coinbase is a decentralized company, with no headquarters
#38Earlier 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.
California is ahead of India, a country of well over 1 billion people, which pretty much refutes the size argument.
No, it really doesn't refute that argument at all. Nobody is arguing that size is the only factor. India being ahead of California would refute _that_ argument, but no argument that anybody here has actually made.
Re: Coinbase is a decentralized company, with no headquarters
#39Earlier 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.
California is ahead of India, a country of well over 1 billion people, which pretty much refutes the size argument.
Not sure how that refutes the size argument. The variation between California and New Hampshire is much smaller than the variation between California and India. It's not really apples to apples in the latter case.
Re: Coinbase is a decentralized company, with no headquarters
#40We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
One thing the average worker should watch out for is companies who perform geographically adjustment pay scales. Some WFH companies now even list that as a benefit that they do not do these type of adjustments. I'm not sure what the best answer is to that but feel many are using it as an excuse to pay workers less.
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.