[uniqueid]

I predicted Coinbase would enter a vicious cycle in which the work culture increasingly promotes ass-covering and discourages conscientiousness.

Sometimes people who don't work for, or work with, a company with bad ethics never know better. Other times things get out of hand (like at Enron, Uber, Theranos, etc) and everyone finds out.

It's too early to alter my prediction about Coinbase. A company can thrive for a long time with a gross work environment like that.

[jmeister]

Fair enough. Apparently most POC employees didn’t leave Coinbase, but yes, it’s too early to tell.

[uniqueid]

The shift in company culture that I am thinking about is about how strongly people react to react to social justice issues, not really the issues themselves.

I think, deep down, Coinbase wants a tough, driven, mercenary workforce. If that's the workforce they get, POC or not, it has downsides.

If a company has a certain number of employees who are sort of flakey, idealistic types, it probably guards against employee turnover, departmental silos, fraud. You want some employees who sometimes do what they think is the right thing, for its own sake, and aren't so career-driven that they undercut others.