coinbase

crypto

am i the only one who finds recent @coinbase sponsorship/choice extremely alarming? 🚩 

taking time to think harder if i want to be associated with CB ecosystem moving forward. 

won’t pretend nothing happened — and i’m truly shocked Farcaster has been semi-silent about this, despite most of us building on Base.

original tweet:
https://x.com/revrfg/status/1935047857762873420

more context

recent:
- https://decrypt.co/325383/coinbase-faces-backlash-tone-deaf-sponsorship-us-army-parade
- https://x.com/MPtherealmvp/status/1934270891552121006

'20:
- https://www.wired.com/story/turmoil-black-lives-matter-political-speech-coinbase/
- https://www.coinbase.com/en-gb/blog/coinbase-is-a-mission-focused-company
- https://www.forbes.com/sites/rachelsandler/2020/10/08/60-employees-leave-coinbase-over-ceos-pledge-to-be-apolitical/

can’t stop thinking about @coinbase pushing ‘no politics’ culture in '20 as a response to Black Lives Matter, yet fast forward to now sponsoring a military parade.

it sends a message that promoting a parade matters more than human rights, integrity, and the values Coinbase once

rev miller

“Special thanks to our sponsor: Coinbase” https://t.co/wtcZbHLIt2

maria paula

final comments / *personal* takeaways after taking time + having some convos:

re: Coinbase
- understand that @coinbase lobbying is overall net positive for our space, and i tend to give them the benefit of the doubt
- not expecting Coinbase being cypherpunk - but, i do expect CB to honor its public commitments, values, and clarify important controversies

re: Base
- it’s very important for @base to progressively decentralize and become as credibly neutral as possible, reducing/removing its dependency
- it’d be great to see @optimism Collective helping accelerate this process, further strengthening commitment within the ecosystem

this experience made me:
- think harder of the value of credible neutrality and how easy it could be to underestimate its criticality
- reinforce the importance of expanding to @ethereum L1 sooner - to leverage credible neutrality for @commit protocol & high stakes commitments
- question what it means to stay true to your values once you become way, way bigger than you ever anticipated - and what are your non-negotiables

with that said, still believe in Base team and community, as ik and respect many of you, and as an ecosystem builder, i’d love to see Base accelerating its independence. as for Coinbase, there’re still open questions from the community that need to be addressed, and i hope the experience and community reaction will help them improve.

UPD: final comments

https://farcaster.xyz/rev/0x85aa8ef3

I run Babe—a future-culture newsletter exploring alt perspectives across tech, art, and society. 💀 

babe.beehiiv.com

good on you. and no doubt there are incredible people there—always are. I give individuals the benefit of the doubt. but not corporate entities. they have one goal and one goal only: profit

i tend to give Coinbase the benefit of the doubt and want to believe this was a major oversight - made without much internal analysis of the historic context. 

overall, the people ik @ Coinbase are kind, smart, and caring, with high-integrity and values i respect. that’s one of the main reasons i’m building on Base. 

i think Coinbase’s response (or lack thereof) to the community’s reaction will say what we need to know.

oh I just posted about this—and I didn’t even know their “no politics” stance during BLM (I’m newer to crypto). that silence just adds petrol to it all for me. hard pass. 

polling rn in an attempt to explore other platform options. but finding that most, sadly, lean this way. 

also “military support shouldn’t be political” is a garbage statement.

it’s debatable https://www.perplexity.ai/search/is-supporting-military-parade-l.6xCAESQAW7Ei5GrRFHiQ

The US military is apolitical though? It serves the American people by pursuing the goal of the president who has been democratically elected. How is a parade partisan?

j-hn.info | founder at /beings-club | experimenting with /higher

can’t believe no one stopped this internally

Chronically online degen since the AOL days.

I'm not a trader, I just trade a lot.

Symbiotic relationship w/ the gym and tacos. 

Host of /pokemon