Crypto Exchange Coinbase’s Anti-Politics in Workplace Stance Goes Against Bitcoin’s Core Principle: Twitter CEO
Twitter CEO and Bitcoin proponent Jack Dorsey criticized Coinbase Inc.'s newly announced policy for keeping politics out of the workplace, saying it is exactly the opposite of what bitcoin and cryptocurrency are all about.
“Bitcoin (aka “crypto”) is direct activism against an unverifiable and exclusionary financial system which negatively affects so much of our society. Important to at *least* acknowledge and connect the related societal issues your customers face daily. This leaves people behind,” said the Twitter chief.
The tweet from Dorsey, who's Twitter profile bio only reads “#bitcoin,” has been in reaction to Coinbase CEO Brian Armstrong’s blog post arguing that the company must be mission-focused and not “advocate for any particular causes or candidates internally that are unrelated to our mission, because it is a distraction.”
Social activism, according to Armstrong, has the potential to “destroy a lot of value” at a company by being a distraction and creating internal division.
“Jack making an appeal to all the (ex) Coinbase employees that are about to get paid to leave, well played,” tweeted one crypto community member, “Brian driving his talent away… Jack sniping it.”
Amidst this, former Twitter CEO Dick Costolo pushed things further by suggesting those who disagree with having political activism in the workplace will be “lined up against the wall and shot.”
Former CEO of Twitter out here tweeting about murdering his political opponents. As you can see, our big tech overlords are totally normal human beings and I feel so safe knowing that they control how information flows in the public square. https://t.co/pjhOoIDiYQ
— Greg Price (@greg_price11) October 1, 2020
The world is divided on Coinbase’s mission, with some completely against it and others hailing it as “leading the way” and interpreting it as “let's stop shitposting about politics in slack and get back to work.”
The San Francisco-based cryptocurrency exchange with more than 35 million users says, “We are an intense culture, and we are an apolitical culture.”
The company took one step further and doubled down on its stance this week. In an internal email to employees, Armstrong offered any employee who “doesn't feel comfortable with this new direction” four to six months of severance to leave the company.