4 ms·

When you've got a hiring freeze and your stock is beat up, you don't need to recruit more talent (BIPOC or otherwise), and you don't need to tell the world how

When you've got a hiring freeze and your stock is beat up, you don't need to recruit more talent (BIPOC or otherwise), and you don't need to tell the world how progressive you are. You need to prioritize projects and execute with strong teams. As an initiative, diversity distracts from that. Coinbase isn't in the business of being a platform for progressive politics. It's a platform for exchanging crypto, and it's explicit about it. Other companies aer quietly following suit.

kelseyfrog 4y ago
Despite the "World's Dumbest Idea[1]," the legal construction of corporations exist to provide net positive social benefit. This is a collective and subjective judgement, but when, in aggregate, the public's perception is that corporations aren't living up to their end of the bargain, the social contract is broken and a raging public is the last thing anyone needs. It typically ends very poorly for the targets of said outrage. 1. https://www.forbes.com/sites/stevedenning/2013/06/26/the-origin-of-the-worlds-dumbest-idea-milton-friedman/ https://www.forbes.com/sites/stevedenning/2013/06/26/the-ori...
- fallingknife 4y ago
  And racial discrimination is breaking that social contract because it is explicitly banned by the constitution and civil rights statutes.
  - kelseyfrog 4y ago
    Yep, that's my point. Buckling down because of market forces isn't a valid excuse. Social obligations don't have an off switch.
Dalewyn 4y ago
>(BIPOC or otherwise) This is going to be kind of tangential and I apologize for that, but allow me to say that as a person of Japanese heritage I fucking hate the term "BIPOC" and any related terms thereof. I'm a man, not a political object of convenience. If you must refer to my race for actually practical reasons, you can just refer to that than use a stupid term stemming from identity politics. If you need some generic way to refer, just refer to us as the minority because that's an objective fact. "BIPOC" is insulting, both to the individuals and their heritage.
- threadweaver34 4y ago
  And then there's Latinx. Latinx isn't even pronounceable in Spanish or Portuguese.
- version_five 4y ago
  It's a kind of figurative "colonialism" if you think about it, and I have a hard time taking anyone seriously who talks that way (same with Latinx as someone else mentioned). These terms get used the way "savage" might have been used a few 100 years ago by missionaries

kelseyfrog 4y ago

Despite the "World's Dumbest Idea[1]," the legal construction of corporations exist to provide net positive social benefit. This is a collective and subjective judgement, but when, in aggregate, the public's perception is that corporations aren't living up to their end of the bargain, the social contract is broken and a raging public is the last thing anyone needs. It typically ends very poorly for the targets of said outrage. 1. https://www.forbes.com/sites/stevedenning/2013/06/26/the-origin-of-the-worlds-dumbest-idea-milton-friedman/ https://www.forbes.com/sites/stevedenning/2013/06/26/the-ori...

fallingknife 4y ago
And racial discrimination is breaking that social contract because it is explicitly banned by the constitution and civil rights statutes.
- kelseyfrog 4y ago
  Yep, that's my point. Buckling down because of market forces isn't a valid excuse. Social obligations don't have an off switch.

Dalewyn 4y ago

>(BIPOC or otherwise) This is going to be kind of tangential and I apologize for that, but allow me to say that as a person of Japanese heritage I fucking hate the term "BIPOC" and any related terms thereof. I'm a man, not a political object of convenience. If you must refer to my race for actually practical reasons, you can just refer to that than use a stupid term stemming from identity politics. If you need some generic way to refer, just refer to us as the minority because that's an objective fact. "BIPOC" is insulting, both to the individuals and their heritage.

threadweaver34 4y ago
And then there's Latinx. Latinx isn't even pronounceable in Spanish or Portuguese.
version_five 4y ago
It's a kind of figurative "colonialism" if you think about it, and I have a hard time taking anyone seriously who talks that way (same with Latinx as someone else mentioned). These terms get used the way "savage" might have been used a few 100 years ago by missionaries