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A follow up to Coinbase being a mission focused company

blog.coinbase.com

561–570 of 774 posts

Re: A follow up to Coinbase being a mission focused company

#561
post #90

I can’t think of a worse way to handle this situation. Sure, I’m not sure what the answer is. Then again, I’m not a professional HR person who is supposed to be trained in handling these issues. Having 5% of your workforce quit over nothing more than messaging is a catastrophic failure in people management. Outright political speech bans at companies may be perfectly justified, but it’s usually the case that work env…

This comment is a perfect example of why banning political speech in the workplace is a very good idea. Every workplace that I've worked in that tolerated political speech ended up with a highly vocal segment of people making statements that parallel this comment: proclaiming that only a certain stance on controversial issues is acceptable, and implying (or stating outright) that divergence from this orthodoxy amount…

> only a certain stance on controversial issues is acceptable, and implying (or stating outright) that divergence from this orthodoxy amounts to an affront to human dignity

There are a variety of controversial issues where one position is a literal affront to human dignity (i.e., a deliberate act of disrespect).

> This kind of rhetoric creates a hostile and toxic work environment

This is a privileged view of the situation.

As a simple example, imagine you have three coworkers: Alex, Blake, and Taylor.

Alex believes that Taylor should not have been allowed to have married their current spouse, and posts on their personal Twitter account advocating that the decisions which allowed that to be possible be repealed.

Alex hasn't shared their beliefs in a work setting, but did tweet something about the company and as a result Taylor saw the other tweets and learned how Alex felt.

Taylor believes that Alex's position is a deliberate act of disrespect. Taylor fears a decision that would result in no longer being married to their spouse, which would lead to problems with medical insurance, child custody, finances, etc. Taylor doesn't feel safe working with someone who actively wishes to destroy a meaningful part of their life.

Taylor asks the company to make a statement supporting their right to have married their partner.

Blake says that Taylor is creating a hostile and toxic work environment.

Is Blake right? Or is Taylor acting in self defensive, in response to an already-hostile and already-toxic work environment? Is the discomfort felt by Blake acceptable "collateral damage"?

Do your answers change if the hypothetical scenario is not about a same-sex couple in 2020 following Obergefell, but an interracial couple in California in 1950 following the ruling of anti-miscegenation laws as unconstitutional?

Re: A follow up to Coinbase being a mission focused company

#562
post #355

Earlier quoted context omitted.

If the outcome of society would be the same if you exist or not then you are not political. For example if you don't vote and don't support any political causes, then the people who take the time to get involved decides everything and you had no influence.

There are 4 levels of competence. For all the people who know they are incompetence and therefore abstain from voting there are a lot of people (possibly more) that don't know their incompetence and decide to vote regardless. If you're not voting because you're uninformed, you're probably much more informed than many of the people who are voting.

> don't know their incompetence and decide to vote regardless

That's a very wrong way to understand what democracy means. If you're incompetent, you are still afforded a vote. And you sleep on the bed you make.

and in any case, the incompetence voter implies that they could be voting "wrong". This is a deep and insidious implication because implying something can be wrong also implies the other "competent" voters are "right". The very notion that one side is "right" is very anti-democratic.

Re: A follow up to Coinbase being a mission focused company

#563
post #546

Earlier quoted context omitted.

I certainly agree that the mission of a company can (and preferably) be more than just for profit. However, "to be political" is still a pretty wide range of possible missions. Who calls the shots about what you're going to be political about, and which side you take? And when a group of employees disagree with the shots being called, what kinds of reactions are appropriate or not? I'll take a shot: - I think compell…

> Employment and stock-options are not "fractions of board seats". i agree that employment is not "fractions of board seats. But stock options (when converted to stock) holds voting power, and thus _do_ represent "factions of board seats". Very little amount, but an amount nonetheless.

Stock options are mostly for common stock, which don't give you voting power anyways.

Re: A follow up to Coinbase being a mission focused company

#564
post #82

I feel like this is the start of a rising tide. I think Brian's stance is great, companies have missions, they should focus on those missions. Everything has become so political that your work, which occupies a large portion of your life, should not be divisive.

Personally I would like it if the workplace became a whole lot more political, seeing as the status quo is that you have no say in how the company is ran or what it does with its profits, and if you don't like it you can starve. Ignoring politics doesn't make it not exist.

> status quo is that you have no say in how the company is ran or what it does with its profits

that is the rights of ownership, and is a capitalist ideal. To change it is to strip these rights from ownership and give it to those who do not currently have ownership (and is basically what communism is).

Re: A follow up to Coinbase being a mission focused company

#565

Earlier quoted context omitted.

> work are themselves political decisions But those political decisions are ones relevant to the mission of the company. Coinbase probably shouldn't be involved in politics around police reform, fracking, climate change or the Second Amendment because they are orthogonal to its mission. Insert other topics as you see fit. And hence its employees should leave their opinions of such matters at the door. Coinbase should…

Taking "no stance" on a political issue is itself a political stance for the status quo. It is impossible to not be political

That is a mis-characterization. My no-stance stance is not that I support that status quo, it's that I'll try to care about myself and my friends and family no matter what you political idiots do. Communism? Sure. Fascism? Whatever. I'd rather that you didn't, but it's more productive to mitigate it for myself than to get involved either way.

Is it selfish? Probably, and I'm open and proud about that.

Re: A follow up to Coinbase being a mission focused company

#566
post #565

Earlier quoted context omitted.

Taking "no stance" on a political issue is itself a political stance for the status quo. It is impossible to not be political

That is a mis-characterization. My no-stance stance is not that I support that status quo, it's that I'll try to care about myself and my friends and family no matter what you political idiots do. Communism? Sure. Fascism? Whatever. I'd rather that you didn't, but it's more productive to mitigate it for myself than to get involved either way. Is it selfish? Probably, and I'm open and proud about that.

So Individualism? That's pretty clearly a political philosophy / ideology.

Re: A follow up to Coinbase being a mission focused company

#567
I see many comments about: The company internal culture being political vs. apolitical as a place to work, what kinds of stands the company makes in public (or doesn't), or with regard to inclusivity for diverse views at work, or simply about productivity and what kind of place people like.

I'd like to mention something I haven't seen in other comments:

Coinbase's mission to produce a new global financial system is itself a kind of political activism.

One that some people believe will make the world a better place for people.

When designing something as fundamentally underpinning as the future of money, that can only work if it is able to underpin the activities of just about everyone.

Rather like cash money today only works because everyone knows it behaves the same regardless of who you vote for, and bank money (for the most part) also behaves the same regardless of your political views.

This analogy is a stretch, because employees at a card services firm aren't the same as users of a card services firm. But let's try it:

Imagine what the country would be like if, say, Visa and Mastercard (and all other payment infrastructure providers) required you to agree, and keep showing you agree, to support a particular collection of present-day political stances and voting affiliations before you could even spend any money on a card.

By that, I don't mean imagine "Visa Democrat Support" card requires you to show your affiliation. I mean, imagine if all Visa card services of every kind, and all the other services, all required the same affiliation.

Unless you're happy with that affiliation, you'd have to lie just to use ordinary services. You'd be at a significant disadvantage in life, and what people say in public would be very different to what they believe.

Some might say at least just causes would be supported. But it's quite an Orwellian prospect.

It's the sort of thing many people associate with China and too many other "less democratic" countries, where (it is said; I don't know for sure) you have to basically pretend to agree with the Party line, keep political views to yourself, and there's no democracy to speak of.

A healthy democracy needs a strong underpinning of common infrastructure, of which cash and money are part, which are available to everyone in a more-or-less apolitical manner, enabling people to hold and express a range of conflicting, divisive views layered "on top" of those basic life-supporting services.

(You could say cash and money, and payment services, are inherently political, as is capitalism, but that's not what I mean here. What's meant here is that a healthy democracy needs to provide some common infrastructure upon which everyone can depend regardless of affiliation. Otherwise it won't be much of a democracy for long.)

Now, I said it was a stretch of an analogy, because users of a company's services aren't the same as employees.

But still, imagine the chilling effect on trying to build up "a possible future of money, strong and unbreakable, available to everyone for the common good" if it was well known that the companies underpinning that future money all displayed public activism along strongly partisan-aligned views, or campaigned on big issues on which it's thought about half the population disagrees.

I've said all this, even though I personally see money itself as rather political, and that's because it doesn't have the innate properties which are commonly assumed. It's possible to engineer types of money to have different properties, and if adopted, these engineered properties have a profound effect on people's lives as well as aggregate behaviour and the economy at large. So I'm not necessarily personally aligned with an "apolitical" stance on a design of future money.

Nonetheless, I can see, and respect, why someone trying to build what they see as "the future of money for a better world for people" might feel that a firm, consistently "apolitical" public stance is an essential ingredient to perform their mission. To ensure the service is not just available to all who want in, but also seen as reliably available, now and in future, to all people regardless of their political affiliations.

(I don't know if Coinbase or its CEO holds this view, but I thought it was a relevant idea worth sharing, having noticed other comments tending to focus only on internal culture and productivity.)

Re: A follow up to Coinbase being a mission focused company

#568

My company is becoming increasingly political and it's terrible. I'd gladly go work at a company where I didn't have to engage with endless political activism. If I want to hear everyone's opinions on everything, I'd find their facebook page or the HN usernames and follow them.

It was instructive to hear the discussions in a Russian-speaking developer community about this... how the current stuff going on in the big companies reminded the older generation of the performative ideological cheering going on at their workplaces back in the late Soviet times.

Think about it this way - sometimes, you have to be on call and stay up till 5am because of some crappy code you didn't write, and it sucks. Sometimes, you have to go to the May 1st workers parade and help carry a banner you disagree with, and it sucks. Sometimes, you have to go to a silly training session and explore the feelings you don't have, and it sucks. It's all part of the job - it was all fun activities, they wouldn't pay you to do it :)

Re: A follow up to Coinbase being a mission focused company

#569
post #541

Earlier quoted context omitted.

During WWII, IBM supplied the Nazis with mainframe computers and were responsible for untold deaths in exchange for money. It's not that black and white.

This argument is always brought up. But it's insincere, because you're just arguing that the nazies are bad, not that IBM was bad for helping the nazies. Because if you were, you should also argue that during WW2, any companies that helped the Allies should also befall the same criticism (that of being politically aligned rather than be neutral).

What you got out of that comment was that IBM was wrong to help the Nazis because doing so made it politically aligned??

Re: A follow up to Coinbase being a mission focused company

#570
post #72

I'm curious to know how many of these exits were in engineering – those with the privilege to know another engineering job is immediately available somewhere else – versus other roles in the company.

Quite possible this could blacklist you from many other companies.

I've been informed the term is "denylist" now.
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