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Comment by threadweaver34 | Hacker News Reader

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.

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>(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.

And then there's Latinx. Latinx isn't even pronounceable in Spanish or Portuguese.

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

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-ori...

And racial discrimination is breaking that social contract because it is explicitly banned by the constitution and civil rights statutes.

Yep, that's my point. Buckling down because of market forces isn't a valid excuse. Social obligations don't have an off switch.

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