Coinbase will be a remote-first company
blog.coinbase.com
Coinbase will be a remote-first company
1–10 of 154 posts
Re: Coinbase will be a remote-first company
#2Official statement here: https://blog.coinbase.com/post-covid-19-coinbase-will-be-a-r... (Although it's annoying that I need to signup for an account to read the statement of a company's CEO)
Wonder how they are going to handle the complexities around crypto custody (esp. cold storage), given it's hard to sign transactions with multiple signatures when your workforce is distributed.
Re: Coinbase will be a remote-first company
#3“remote-first” sounds different than “WFH permanent”. They will still have Offices in their hub cities. WFH is optionally available for “most” roles.
Re: Coinbase will be a remote-first company
#4Working from home makes great economic sense for companies that can remain productive in that environment. It decreases burn due to real estate, and reduces commute times which can help with employee retention (especially for certain geos or demographics, such as parents). Worries about pandemic liability will also be a blocker for reopening many offices.
Covid has forced many companies to run the previously-risky experiment of whether they can thrive while remote, and it's unsurprising that those that can remain productive will use it to evolve + reduce costs.
Re: Coinbase will be a remote-first company
#5Official statement here: https://blog.coinbase.com/post-covid-19-coinbase-will-be-a-r... (Although it's annoying that I need to signup for an account to read the statement of a company's CEO) Wonder how they are going to handle the complexities around crypto custody (esp. cold storage), given it's hard to sign transactions with multiple signatures when your workforce is distributed.
(We merged the comments from https://news.ycombinator.com/item?id=23252720 to the first thread that submitted that blog post)
Re: Coinbase will be a remote-first company
#6Official statement here: https://blog.coinbase.com/post-covid-19-coinbase-will-be-a-r... (Although it's annoying that I need to signup for an account to read the statement of a company's CEO) Wonder how they are going to handle the complexities around crypto custody (esp. cold storage), given it's hard to sign transactions with multiple signatures when your workforce is distributed.
[deleted]
Re: Coinbase will be a remote-first company
#7I'm really curious, how many people actually prefer WFH permanently vs. just having the flexibility to WFH when wanted.
If I wanted to stay home forever I'd have just taken a remote consulting job a long time ago, but I enjoy going to office and there is a lot of benefits that you don't get from being remote 100%. I've also made very good friends at work and I see my coworkers as much more than just another GitHub account that reviews my Pull Requests.
But again, maybe I'm the exception to the rule and most engineers just want to stay focused on their immediate work and not leave the house and minimize human interaction. But knowing my own personality, if I know a company is mostly remote work culture I'll likely cross it out from my list of places to work.
Also I saw this from the blog post:
>There are no explicit or implicit disadvantages to working from any location: all employees have the same experience regardless of where they are.
Unless Coinbase somehow figured out a way to discard factors caused by human psychology from millions of years of evolution, I just don't see how that's possible for anything other than low to mid-tier ICs with minimal no career ambition.
From my personal experiences most high level decisions are made, or at least started from countless hallway/micro-kitchen conversations or informal coffee walks, and meetings are just a way to present to people of decisions that's already made.
The cynical part of me thinks all this "WFH Permanently" initiative is just a disguise for companies to start lowering cost for entry to mid-level IC positions by hiring from areas with much cheaper CoL. Which makes sense, there is nothing special about an entry level JS frontend dev in SF that warrants you paying them $150k/yr when you can hire the same talent from another state for half that much or from a different country for a quarter that much.
Re: Coinbase will be a remote-first company
#8Official statement here: https://blog.coinbase.com/post-covid-19-coinbase-will-be-a-r... (Although it's annoying that I need to signup for an account to read the statement of a company's CEO) Wonder how they are going to handle the complexities around crypto custody (esp. cold storage), given it's hard to sign transactions with multiple signatures when your workforce is distributed.
> Wonder how they are going to handle the complexities around crypto custody (esp. cold storage), given it's hard to sign transactions with multiple signatures when your workforce is distributed.
Multisig works great across distances. I’ve built coordination apps for multiple distributed parties to propose and approve and sign Bitcoin transactions before. It’s pretty straightforward.
Re: Coinbase will be a remote-first company
#9I'm really curious, how many people actually prefer WFH permanently vs. just having the flexibility to WFH when wanted. If I wanted to stay home forever I'd have just taken a remote consulting job a long time ago, but I enjoy going to office and there is a lot of benefits that you don't get from being remote 100%. I've also made very good friends at work and I see my coworkers as much more than just another GitHub ac…
Primary benefit for me is to be able to live somewhere I enjoy (small town near mountains). I like to visit cities, but I loathe living in them.
Re: Coinbase will be a remote-first company
#10Non-signupwall: https://archive.is/GfOUF
Aside: Companies, please stop using Medium for your corporate blogs. It’s super unprofessional.