471–480 of 488 posts
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Maybe it's only "high performing" according to it's own internal rating system.
I think its pretty well known that this organization produces excellent results no?
Ray Dalio to me seems like a bright person, having glanced at:
FWIW, Surojit the CPO has a long colorful history of being a horrible person to work with. Just in the last couple of months, I think Blind had atleast a few threads on him. Here are a couple I could find: https://www.teamblind.com/post/Coinbase-product-team-culture... https://www.teamblind.com/post/Coinbase-JusVVFXW
Known him since grad school. He's a little bully (literally and figuratively). He acts all tough, until you call him out, and then he'll change the subject.
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No, Coinbase does not have a fiduciary duty to its shareholders that trumps its obligations to its customers. Or to put it this way: if Coinbase goes bankrupt, customers have priority for Coinbase's assets over its shareholders.
Nope. > But wait, you bluster, the custodial agreement clearly says that I am the owner, that it’s my property, that I retain title to it. Yup, but that’s not how the law actually works. Just because they wrote that doesn’t mean it’s true. > In fact, the exchanges are lulling the consumers with language claiming that the consumer "owns" the coins, when in fact the legal treatment is quite likely to be different in ba…
Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
Hi Brian, it's nice to see you haven't changed in the sense that you're responding here directly and address the issue without mincing words. The content is less nice though, very misguided even. I don't have inside knowledge and can't speak for the employees but I can tell you that other shareholders also aren't happy with the way things are going and what's been said in the petition largely resonates with me. It's…
It absolutely is and there is a lot more of this blame game to come as people’s illusions are crushed. BTW it’s not a downcycle or a season, it’s a crash and cryptocurrencies will not recover because:
Nobody is using them as currencies - the experiment has failed, instead they are vehicles for speculation
The supply of greater fools in the world population has been exhausted, and after they lose all their money they will never return
That’s not to say coinbase and Armstrong don’t deserve criticism but let’s be clear about why it is happening now - his actions haven’t changed, the context has, and a lot of people have lost money they’re never getting back invested in coinbase itself and cryptocurrencies so they are angry (esp employees who probably invest in crypto, in coinbase and depend on the company).
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Yeah, I highly doubt that any line employee is going to tell the CEO they did a bad job. These happy clappy "systems" usually fail to take into account (almost biological) realities of how power structures work.
Actually this happens all the time in firms using dot collector. You have to remember you give real-time feedback during the meeting itself.
> happens all the time
Hmm how do the CEOs react to that? I imagine that the good ones are happy for feedback
The others though?
(I understand if you were exaggerating a bit, wrt "all the time")
Responded here https://twitter.com/brian_armstrong/status/15353049437284147...
Earlier quoted context omitted.
Hi Brian, it's nice to see you haven't changed in the sense that you're responding here directly and address the issue without mincing words. The content is less nice though, very misguided even. I don't have inside knowledge and can't speak for the employees but I can tell you that other shareholders also aren't happy with the way things are going and what's been said in the petition largely resonates with me. It's…
It's not because of the downcycle, no one who's been in crypto long enough cares about that It absolutely is and there is a lot more of this blame game to come as people’s illusions are crushed. BTW it’s not a downcycle or a season, it’s a crash and cryptocurrencies will not recover because: Nobody is using them as currencies - the experiment has failed, instead they are vehicles for speculation The supply of greater…
Granted, maybe the crypto aficionados celebrating the hiring spree are different from the ones now demanding labor austerity, but it strikes me as quite the heel-turn.
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I've been in situations like this before. 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. They didn't even have to actively collude; humans come with very sensitive popularity meters built-in, so they instinctively know where to pl…
> with the beautiful people clique getting the highest ratings, I don't think you're wrong, but it's also a cynical interpretation. Another way to look at it is that people who other people want to work with get high ratings. Is that bad? From a company culture standpoint, I'm not sure it is. In fact, I often see posts and comments on these very boards about the toxicity surrounding "really good programmers" who are…