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Social Policies And Cryptocurrencies: The Coinbase Case

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@claudio83
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When Satoshi Nakamoto created Bitcoin and the first blockchain in 2009, his goal was to provide the world with money-trading power that was not controlled by any central body, be it a bank or a centralized political organization.

Following this principle to the letter, the CEO of the well-known American exchange Coinbase, Brian Armstrong, sent a document to all employees of the company, discouraging any political and social initiative as it would distract employees and the company itself from its focus.

Employees who disagree with this line of thinking will be able to leave the company with a good cash outflow and it appears that so far 5% of employees, nearly 60, have laid off. According to Armstrong, this initiative will strengthen the group and employee losses will be easily replaceable.

The CEO also argues that all large companies that have been part of social initiatives, although motivated and inspired by good intentions, have nevertheless encountered strong distractions, as well as internal conflicts, with a consequent slowdown in working capacity. Just what the Coinbase boss wants to avoid.

It is evident that the inclusion of political and social issues involve discussions, assemblies, extra-working meetings. A waste of mental and physical energies that are inevitably taken away from work in a crucial moment for the crypto world, these being the years of the turning point and the beginning of mass adoption. In this delicate phase, Coinbase cannot afford to lose pace with its competitors, being a point of reference not only for the USA but for the whole world.

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