Coinbase lays off around 1,100 employees

Re:Coinbase lays off around 1,100 employees by Apocryphon on Tuesday June 14, 2022 @06:29PM (#31746843)

So you're saying all of those figures were more motivated by money rather than building something of value. Do you truly think they were more motivated by money than by glory, a competitive spirit, a desire for legacy?

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Re:Coinbase lays off around 1,100 employees by massysett on Tuesday June 14, 2022 @09:37PM (#31748163)

Money is how they measure glory, its how the competition is scored, and it’s how they buy legacy.

There are people who are not motivated by money, but they’re not billionaires. They’re professors, priests, politicians, etc. Pope Francis has achieved more glory and fame than nearly any billionaire CEO.

Yes, the billions is hugely motivational to those who have them.

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Re:Coinbase lays off around 1,100 employees by selcuka on Tuesday June 14, 2022 @11:58PM (#31748969)

> Money is how they measure glory, its how the competition is scored

They can still own the trillion dollar company for glory and fame; they just can't cash out.

Also I don't think there should be a cap, but the tax rate should go up indefinitely, causing diminishing returns for higher earners. I pay a higher percentage of tax if my employer pays me more, but I still prefer higher paying jobs.

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Re:Coinbase lays off around 1,100 employees by nwienert on Tuesday June 14, 2022 @07:42PM (#31747425)

Also just something interesting to do. And it’s fun to lead, and get press, and make hard decisions.

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