Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
Glad to hear it straight from you instead of corpospeaking it through a 400x workshopped letter.
Coinbase employees petition to remove execs
421–430 of 488 posts
Re: Coinbase employees petition to remove execs
#422Coinbase 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…
Brian and legendary in one sentence.
Re: Coinbase employees petition to remove execs
#423Companies should only hire entrepreneurs and engineers who has proven track record as builders as execs. Hiring people from business schools and non engineers as execs is the stupidest thing you can do for long term sucess of the company. Hire builders. Not resume builders.
I think this theory is proven in practice. If you look at the major tech companies, they are all run by people who programmed at some point. Bill Gates, Elon Musk, Jeff Bezos, Larry Page, ... . However, Steve Jobs seems to be an exception here (In Dutch, we have the expression "The exception proves the rule" ;), which basically means that all theories have exceptions) I think it's very hard for non-builders to really…
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Re: Coinbase employees petition to remove execs
#424Earlier quoted context omitted.
> I don't understand how there can be such a push for a vote of no-confidence in three C-level people with no mention of the CEO that ostensibly chose, managed, and retained them. The CEO and his C-suite all have agency. If one member of the C-suite misbehaves professionally, you are suggesting that the one who hired/managed him/her should be punished alongside the errant person by virtue of association, rather than…
I am assuming/suggesting that if NOT one, not even two, but three core members of the C-suite fail to do their jobs correctly--jobs that are described as fundamental to the company: defining product direction and allocating corporate resources--then it would seem strange not to cast at least some blame on the person who leads them, whether for having chose them in the first place, for having managed or directed them…
Well, the whole post was written by one or more faceless individuals [1], so rather than allow my emotions lead me to make premature judgement in the face of incomplete information, I decided it was best to suspend judgement [2] by treating the claims made as what they truly are: allegations.
Premature judgement is what is causing a lot of commenters to elevate these anonymous claims to the level of facts, rather than wait until an interested party (like an external investigator commissioned by the board of directors, or a regulator like SEC) is able to substantiate any or all of the claims.
I don't work for Coinbase, so I am in no position to speak on whether the CEO is at fault or not. Any attempt to do so as an outsider with limited information would be pure speculation.
Re: Coinbase employees petition to remove execs
#425Is there any proof this was even created by Coinbase employees? It seems completely anonymous.
Very good question. Looks like lots of commenters here don't realise this, believe anything and hastefully jump in without questioning this as it could be made by a random user. Always be skeptical around the source of this. > It seems completely anonymous. That's the case here since the Ethereum address has absolutely 0 iterations, making it more harder to trace.
*interactions
Re: Coinbase employees petition to remove execs
#426Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
Archived for future readers here: https://archive.md/QboEJ
Re: Coinbase employees petition to remove execs
#427Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
Public petitions are how most blockchain governance is done. You run a crypto company. What did you expect?
Re: Coinbase employees petition to remove execs
#428Earlier quoted context omitted.
Just a note, that ABNB did a huge layoff at the start of the pandemic which allowed them to come out the other side a much stronger company. Actually highlights your point.
Was it the layoff that made them a stronger company or was it the market improving?
Both. When money is free flowing it's easy to avoid hard decisions (in business money hides many mistakes). Companies may continue to fund projects that should be cut or hire instead of optimizing a process. Prioritization alignment meetings end with everything is a priority.
In ABNBs case, business going to almost zero overnight was a forcing function to a level not often seen. After being forced to lean up and prioritize, they were well positioned for the market to improve.
Re: Coinbase employees petition to remove execs
#429Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
>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 comment is really, really tone-deaf. People can believe strongly in the vision and mission of a company while also feeling strongly that upper leadership is steering it in the wrong direction and/or making decisions that negatively impact the compan…
Probably gonna get blacklisted by someone for this, but it’s astonishing to me that people can (with a straight face) say this at one moment then at another claim there’s no reason software engineers should ever unionize since they get paid well.
Re: Coinbase employees petition to remove execs
#430Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
I disagree with most of the comments here; this tweet chain was mostly fine. It seems like the biggest problem was not the petition, but the leak. Unnecessarily tarnishing the company reputation publicly would piss off any CEO.
If this same response were posted after an internal petition, it would have the wrong tone. Externally, I'm not going to condemn it so much.