You’d be excused for not following the recent brouhaha associated with Coinbase CEO Brian Armstrong’s announcement that the company would no longer play politics. The statement, posted to Medium on Sunday, is a doozy.
“In short, I want Coinbase to be laser focused on achieving its mission, because I believe that this is the way that we can have the biggest impact on the world. We will do this by playing as a championship team, focus on building, and being transparent about what our mission is and isn’t,” Armstrong wrote.
He rattled off a number of examples of this, culminating in something that gave many pause: “We don’t engage here when issues are unrelated to our core mission, because we believe impact only comes with focus.”
Armstrong’s post is a direct reaction to the Black Lives Matter movement, the pandemic, the election, and the civil unrest that has become a focal point in a extraordinarily tumultuous year. In June, Coinbase employees clamored for Armstrong to vocally support BLM, which he finally did on Twitter. The reaction from so-called CryptoTwitter, a loose association of weirdos and anti-goldbugs who basically pump and dump tokens all day, was swift and angry.
“I want to say unequivocally fuck coinbase,” wrote one “trader.”
Armstrong, for his part, tapped into a growing movement inside Silicon Valley, a movement that basically says, “Fuck your feelings.” Based on his statement on Medium, Armstrong believes, probably incorrectly, that his army of coders wants nothing more than to produce clean, usable products for the cryptocurrency community.
There are three types of crypto users who love Armstrong’s argument. In order of odiousness, we begin with the bored coder who once