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Coinbase reportedly testing out having employees rate each other in an app

26 points by andreyk 4y ago

__derek__ 4y ago
1. Open article 2. Cmd + F 3. "Bridgewater" 4. Breathe a sign of relief For those who haven't read it yet, check out Dalio's book Principles. (The audiobook is good and partially narrated by Dalio himself.) Ray's a little out there, but the book was one of the most thought-provoking things I read last year, and I regret sleeping on it for as long as I did.
- sushid 4y ago
  Can you elaborate a bit more on your thoughts here? Are you relieved because you think this is a good thing? Or is it only a good thing because they're leveraging Bridgewater?
  - __derek__ 4y ago
    Oh! I see how that's ambiguous. My "relief" was ironic in that I didn't feel obligated to note that Bridgewater has done this for years, and that it appears to be one of Ray Dalio's proudest accomplishments. In a world of terrifying billionaires, Dalio seems like a quirky one who's mostly harmless, and I appreciate that. I think it is an interesting concept, but a dystopian application.
throwaway5959 4y ago
Dystopian. From talking to former employees at Bridgewater, I really hope this doesn’t catch on.
fnordpiglet 4y ago
“”” "My objective has been to have meaningful work and meaningful relationships with the people I work with, and I've learned that I couldn't have that unless I had that radical transparency and that algorithmic decision-making," Dalio said at the time. “”” Wow.
- throwaway5959 4y ago
  Does Ray Dalio being so transactional in his relationships really surprise you?
- UncleMeat 4y ago
  Leave it to billionaires to turn human relationships into ruthless optimization and metrics. I feel that there is a need for the "slow food movement" for human relationships. Focus on inefficiency, subjective feeling, and love rather than metrics and efficiency.
qgin 4y ago
Hearing Ray Dalio talk about the Bridgewater app always made me think of the episode of the show Community where the school starts beta testing a very similar app called MeowMeowBeanz and it turns what were informal social hierarchies into a Brave New World style caste system.
julienreszka 4y ago
Is there anybody here who thinks this is a good idea and not completely cringe? Can you explain why?
- cookingrobot 4y ago
  There’s a TED talk from 2017 about this app: https://www.ted.com/talks/ray_dalio_how_to_build_a_company_where_the_best_ideas_win?language=en https://www.ted.com/talks/ray_dalio_how_to_build_a_company_w... This is presented by Ray Dalio the founder of Bridgewater Associates - that’s the hedge fund that created this app for themselves.
egberts1 4y ago
Oooo, I see bad things. But that’s me, I always take the devil’s advocate approach to flesh out potentially bad things. I smell mass layoff coming up.
- ProfXponent 4y ago
5350-uiop-1130 4y ago
"In the app, employees review how well their coworkers demonstrate 10 core values at Coinbase, including things like communication and "positive energy," per The Information." This sounds horrible.

26 points by andreyk 4y ago

1. Open article 2. Cmd + F 3. "Bridgewater" 4. Breathe a sign of relief For those who haven't read it yet, check out Dalio's book Principles. (The audiobook is good and partially narrated by Dalio himself.) Ray's a little out there, but the book was one of the most thought-provoking things I read last year, and I regret sleeping on it for as long as I did.

sushid 4y ago
Can you elaborate a bit more on your thoughts here? Are you relieved because you think this is a good thing? Or is it only a good thing because they're leveraging Bridgewater?
- __derek__ 4y ago
  Oh! I see how that's ambiguous. My "relief" was ironic in that I didn't feel obligated to note that Bridgewater has done this for years, and that it appears to be one of Ray Dalio's proudest accomplishments. In a world of terrifying billionaires, Dalio seems like a quirky one who's mostly harmless, and I appreciate that. I think it is an interesting concept, but a dystopian application.

throwaway5959 4y ago

Dystopian. From talking to former employees at Bridgewater, I really hope this doesn’t catch on.

fnordpiglet 4y ago

“”” "My objective has been to have meaningful work and meaningful relationships with the people I work with, and I've learned that I couldn't have that unless I had that radical transparency and that algorithmic decision-making," Dalio said at the time. “”” Wow.

throwaway5959 4y ago
Does Ray Dalio being so transactional in his relationships really surprise you?
UncleMeat 4y ago
Leave it to billionaires to turn human relationships into ruthless optimization and metrics. I feel that there is a need for the "slow food movement" for human relationships. Focus on inefficiency, subjective feeling, and love rather than metrics and efficiency.

qgin 4y ago

Hearing Ray Dalio talk about the Bridgewater app always made me think of the episode of the show Community where the school starts beta testing a very similar app called MeowMeowBeanz and it turns what were informal social hierarchies into a Brave New World style caste system.

julienreszka 4y ago

Is there anybody here who thinks this is a good idea and not completely cringe? Can you explain why?

cookingrobot 4y ago
There’s a TED talk from 2017 about this app: https://www.ted.com/talks/ray_dalio_how_to_build_a_company_where_the_best_ideas_win?language=en https://www.ted.com/talks/ray_dalio_how_to_build_a_company_w... This is presented by Ray Dalio the founder of Bridgewater Associates - that’s the hedge fund that created this app for themselves.

egberts1 4y ago

Oooo, I see bad things. But that’s me, I always take the devil’s advocate approach to flesh out potentially bad things. I smell mass layoff coming up.

ProfXponent 4y ago

5350-uiop-1130 4y ago

"In the app, employees review how well their coworkers demonstrate 10 core values at Coinbase, including things like communication and "positive energy," per The Information." This sounds horrible.