Coinbase is closing their SF office
twitter.com
twitter.com
They may just be planning on opening a new main office elsewhere.
If you are interested in free-thinking, open-minded workplaces solving very interesting problems, go to coingecko.com and scan down the lists of major coins and exchanges. There is an enormous need for engineers and the pay is very high for remote work.
In terms of startups, basically every engineer I know who stuck with crypto through the post-2017 bear market made a huge amount of money as their tokens appreciated. One benefit of working in crypto is you are liquid very quickly - you might get equity, but you almost always get tokens.
Regardless of what the HN know-it-all crypto-haters say, in 2021 you are far more likely to make appreciable wealth in crypto as an individual contributor than you will in your average SaaS (excluding founders and high-level management).
Of course, I think the problems being solved in decentralized platforms are extremely interesting compared to adtech or whatever AI-nonsense. But even barring the extremely interesting work, the renumeration, ethos, and company structure are very amenable to software engineers.
And I’m confused by that and continually tell them that basically all “tech” companies and especially crypto companies already do what they are looking for and just don’t have messaging like that
I would suggest that engineers looking to make huge amounts of money think carefully about potential liability and whether they'd like to be able to keep living in whatever country they're looking to work remotely from.
Really though are you implying that these employees are all unscrupulously avoiding taxes and trying to use remote work and cryptocurrency to relive their tax burden?
Maybe some people enjoy the space as it’s bleeding edge, fully remote supported and well funded.
https://www.businessinsider.com/irs-hunting-anonymous-coinba...
And Circle
This is puzzling. The IRS didn't have that right before? It seems obvious. Any large transfer from any external entity to your bank triggers money laundering flag here in France and I have to declare and give my Kraken (and other exchanges) user ID to the local IRS.
edit wish I could delete. I'm sorry for being one step behind on the HN treadmill. I had only read about Basecamp's announcement.
[0] https://blog.coinbase.com/coinbase-is-a-mission-focused-comp...
I also wonder what drives all these volunteers to answer on the companies community forums. They can’t do much because they have no access to any of the internal systems, they aren’t getting paid... what’s the point? Is the customer service industry so competitive that you need “side projects” there as well in the form of volunteering to be an unpaid CSA?
If they did it right, they A/B-tested different amount of support and optimized for life time value.
Or they simply cannot scale up support faster because more lucrative tasks are on the roadmap.
Coinbase is kind of like the money hole at a blackjack table in Vegas. Putting money in to get chips is never really an issue.