{"id":29493,"date":"2020-10-01T16:51:39","date_gmt":"2020-10-01T13:51:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29493"},"modified":"2025-08-27T17:18:08","modified_gmt":"2025-08-27T14:18:08","slug":"jack-dorsey-criticises-coinbases-apolitical-mission","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/jack-dorsey-criticises-coinbases-apolitical-mission\/","title":{"rendered":"Jack Dorsey criticises Coinbase&#8217;s &#8216;apolitical&#8217; mission"},"content":{"rendered":"<p>Twitter CEO Jack Dorsey cast doubt on Coinbase CEO Brian Armstrong&#8217;s decision to shield the cryptocurrency exchange from political and social activism.<!--more--><\/p>\n<p>According to Dorsey, Bitcoin is direct activism against an unverifiable and exclusionary financial system. He noted that Coinbase cannot simply ignore the social issues its customers face every day.<\/p>\n<blockquote>\n<p>&#8220;It leaves people behind,&#8221; noted Dorsey.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> (aka \u201ccrypto\u201d) is direct activism against an unverifiable and exclusionary financial system which negatively affects so much of our society. Important to at *least* acknowledge and connect the related societal issues your customers face daily. This leaves people behind: <a href=\"https:\/\/t.co\/0LMlF1qcmG\">https:\/\/t.co\/0LMlF1qcmG<\/a><\/p>\n<p>\u2014 jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1311423420274372608?ref_src=twsrc%5Etfw\">September 30, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The call by the head of Twitter for greater political engagement did not sit well with members of the crypto community, who backed Armstrong. Trader and investor Chris Bridgett emphasised that business should stay out of politics and focus on delivering a solid product.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">Businesses should stay out of politics. Obviously some don\u2019t get a choice\u2014those set ablaze because they set up shop in the wrong city at the wrong time, for example\u2014but I\u2019d much rather a business focus on delivering a solid product or service than pandering to political trends.<\/p>\n<p>\u2014 Chris Bridgett (@IdleIncomeChris) <a href=\"https:\/\/twitter.com\/IdleIncomeChris\/status\/1311443536357871616?ref_src=twsrc%5Etfw\">September 30, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Another user argued that keeping politics out of the workplace does not mean the company is letting its customers down. In response, Dorsey reminded that many employees are customers too.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I imagine a lot of employees are customers too. The post states that debate over issues will not be allowed. Seems chilling and against relevancy for the largest audience.<\/p>\n<p>\u2014 jack (@jack) <a href=\"https:\/\/twitter.com\/jack\/status\/1311462875374911488?ref_src=twsrc%5Etfw\">October 1, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>But there were also supporters of the Twitter head. Harry Halpin, CEO of NYM Project, argued that cryptocurrency is inherently about influencing society.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Wow <a href=\"https:\/\/twitter.com\/jack?ref_src=twsrc%5Etfw\">@jack<\/a> just nailed it: Cryptocurrency is inherently about the social impact of finance and trust. These are irreducibly social issues, politics par excellance! <a href=\"https:\/\/t.co\/J4oBViMhz0\">https:\/\/t.co\/J4oBViMhz0<\/a><\/p>\n<p>\u2014 harryhalpin (@harryhalpin) <a href=\"https:\/\/twitter.com\/harryhalpin\/status\/1311449066073550849?ref_src=twsrc%5Etfw\">September 30, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As reported, Coinbase declined to participate in discussions on political and social issues unless they directly affected the crypto industry. Armstrong <a href=\"https:\/\/u1f987.com\/en\/news\/brian-armstrong-urges-coinbase-employees-unhappy-with-mission-to-resign\">offered<\/a> employees who disagreed with the new mission to resign by October 7.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 the full stream of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Twitter CEO Jack Dorsey cast doubt on Coinbase CEO Brian Armstrong&#8217;s decision to shield the crypto exchange from political and social activism.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[757,138,1330],"class_list":["post-29493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-brian-armstrong","tag-coinbase","tag-jack-dorsey"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29493"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29493\/revisions"}],"predecessor-version":[{"id":29494,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29493\/revisions\/29494"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}