Should probably qualify this as "geographically decentralized".<p>As long as there are C-level executives, VPs, and the usual corporate heirarchy, they're not really decentralized in the sense that cryptocurrency itself is fully consensus-driven.
Keep in mind: The average tenure for big-tech employees is less than 3 years -- and usually more like 2 years [1].<p>We were all abruptly pushed into WFH due to the circumstances. It's perfectly logical to embrace this status quo, and then just gradually transition back to the office (in full or in part) as the dust settles.<p>[1] <a href="https://www.businessinsider.com/average-employee-tenure-retention-at-top-tech-companies-2018-4#alphabet-the-parent-company-of-google-does-a-ok-with-a-32-year-average-employee-tenure-10" rel="nofollow">https://www.businessinsider.com/average-employee-tenure-rete...</a>
We've only been doing mass WFH for a year. Many companies have been saying things very similar to Coinbase, but I'm not sure if long-term mass WFH will prove to that great (for the company, I'd argue it certainly won't be great for the average worker).
Well, I guess I won’t be working for Coinbase then. I am probably of the rare breed, who actually likes to go to office (not everyday). I can’t imagine staying home all day everyday basically hopping zoom calls. I hope other companies use office presence as a competitive advantage at this point
How do you do taxes for something like this?<p>Like lots of employees working in lots of different states/countries, no “home base”.<p>Is there an easy way to do it?
I am really looking forward to a future where we can all spread out to the locations we want and live the way we want. The trends of the past few decades towards big urban destinations means that people come to cities and encounter political strife trying to each make it how they want it, and no one is ever really happy. We already have a fix for that in our political system, which is to limit the amount of governance at higher-levels of the government (state, federal) and let local jurisdictions decide how they want to manage themselves. But taking full advantage of that requires more distributed economies. Hopefully this economic revolution (decentralization away from offices and expensive cities) also lets us decentralize politics next, so we can lower the temperature and be happy.
I can't imagine what Karl Marx would think of all this. :-)<p>"You mean to tell me the factory owner said the entire factory is now distributed? And you must now put the equipment on your own property in addition to using your own equipment, and you still don't get a share in the wealth? And on top of that, they will pay you less?"
Do workers who are employees of a company but are working from home get to write off part of their home or apartment as a business expense, the way contractors and self-employed do?
Binance CEO said this a while ago: “Wherever I sit, is going to be the Binance office. Wherever I need somebody, is going to be the Binance office"
>In Q1 of 2020, only 28% of new employees lived outside of California. In Q1 of 2021 to date, 58% of our new hires are from outside of the state.<p>This has huge implications for California. The state of California is horribly mismanaged, but the tremendous amounts of money that is bought in by tech, covers a multitude of sins. However, if that money starts drying up, California will be in a world of hurt.
This reminds me of how Valve Inc. touts a flat-hierarchy where no one has a boss and you can work on whatever project you'd like. But in reality Valve employees complain about constant office politics and de-facto team structures.<p>Conceptually a decentralized structure sounds great but it creates power and process vaccuums. And in those vaccuums centralization manifests itself based on office politics. I predict some high profile Coinbase employees are going to coalesce around some location and that will start turning into a de-facto headquarters.
Too bad coinabase\s approach to crypto is centralized. They operate a blocklists to prevent people from sending funds to certain addresses . Even paypal does not do this.