Jack Dorsey criticizes Coinbase’s “apolitical” mission

Jack Dorsey speaks with Hosts Chris Anderson and Whitney Pennington Rodgers at TED2019: Bigger Than Us. April 15 - 19, 2019, Vancouver, BC, Canada. Photo: Ryan Lash / TED

Jack Dorsey, taking the position of Twitter CEOwas skeptical about the decision  Brian Armstrong, the head of Coinbase, to shield the cryptoexchange from social and political activity.

According to him, it contradicts the spirit of bitcoin at its core as it is a challenge against an unverifiable and closed financial system. He noted that Coinbase can’t just ignore the social challenges that its customers face every day.

The head of Twitter call for more political participation did not appeal to representatives of the cryptocommunity, who supported Armstrong. Trader and investor Chris Bridgett stressed that business should stay out of politics and focus on producing a reliable product.

Another user stated that excluding the policy from the workflow does not mean that the company is letting its customers down. In response, Dorsey recalled that many employees are customers too.

But there were also those who supported the CEO of Twitter. According to NYM Project CEO Harry Halpin, cryptocurrency is inherently linked to public influence.

As a reminder, Coinbase has declined to participate in discussions on political and social issues unless they directly affect the cryptocurrency industry. Brian Armstrong suggested that employees who disagree with the new mission should quit before October 7.

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