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It means that nobody could have prevented the crypto market collapse from the position of a Coinbase Chief Product Officer.
by jstx1 4y ago
It means that nobody could have prevented the crypto market collapse from the position of a Coinbase Chief Product Officer.
- Forgeties79 4y agoI mean...we've seen these massive boom and bust cycles over and over again. So yeah I do sort of expect the Chief Product Officer to have some clue how to handle them. It's not like it was out of the blue.
- _Algernon_ 4y agoHandling them is not the same as preventing them.
- Forgeties79 4y agoFair enough. Don't personally agree but seems I've kicked a hornet's nest here.
- Retric 4y agoHandling them means preventing the company from being harmed by them. To simplify, if you depend on market X then hedging your bet means also profiting if market X collapses.
- _Algernon_ 4y agoThere are plenty of situations where that is impossible, and the best you can do is minimizing harm.
- TomSwirly 4y ago1. He tried to sell a product 2. This product turns out to be a scam 3. His fault for trying to sell a scam That this crook extracts $100 million for this is a symptom of a broken society.
- jstx1 4y agoCoinbase is not a scam - the service they provide is the buying and selling of cryptocurrency which they do just fine. I don't like crypto either but calling everything related to it a scam is just intellectually lazy.
- Forgeties79 4y agoThe marketplace for a scam is still participating in the scam. A bank knowingly laundering money for a criminal organization is still an accomplice.
- newswasboring 4y agoI think that's the best place to prevent collapse. They were industry leaders, for some time at least. They funded a bunch of things which turned out to be scams, biggest one being FTX. If internet collapses, I think google will be a bit to blame, no?