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Brian Armstrong has been labeled a hypocrite after claiming Coinbase should stay out of politics

October 25, 2020

Less than a month later Brian Armstrong stated that Coinbase “should focus on achieving its mission”, Apparently, he violated his own politics by posting a political post full of falsehoods … during business hours.

On October 23, Armstrong’s personal account was tweeted the CEO of Coinbase Publicity A link to a blog by Rob Rhinehart about Kanye West’s presidential candidacy with the slogan “Post Epic”.

Rhinehart’s Twitter account is no longer available for unknown reasons. although its absence may be related to the inaccuracies and utter falsehoods contained in its publication, even if, as some have speculated, it was written as a satire.

Brian Armstrong has been labeled a hypocrite after claiming Coinbase should stay out of politics
Brian Armstrong has been labeled a hypocrite after claiming Coinbase should stay out of politics

These include lies allegation that Democratic presidential candidate Joe Biden’s son “committed suicide”; In fact, Beau Biden died of brain cancer in 2015. Twitter in the past suspended the New York Post account for an article making unconfirmed claims about Hunter Biden.

The blog post entitled “Why am I voting for Kanye West?” it also apparently contradicts Armstrong’s position on the expression of political opinions in his company.

Do what I say, not what I do

In September Armstrong wrote a controversial blog post stating that Coinbase’s mission was not to advocate for “certain causes or internal candidates unrelated to our mission because it is a distraction from our mission”.

“We will not discuss internally any causes or political candidates that have nothing to do with work.” Armstrong stated at the time. He added that Coinbase employees shouldn’t do this “Expect the company to represent our personal beliefs externally.”

Members of the crypto community accused the Coinbase CEO of total hypocrisy for a political statement, at 12:12 p.m. on a weekday PST, assuming Armstrong works similarly to its employees.

“Calling this ‘epic’ shows very little judgment.” He said Josh Elman, Board member of the venture capital group Greylock Partners. “It’s full of propaganda, false claims and nonsense. Confidence in the judgment of our leaders (even when we disagree with their decisions) is important for both a CEO and a president. That weakens trust in you. “

Other Twitter users They believed the post was deliberately misleading.

“This article has to be satire, right? If not, it’s one of the most deaf, cruel, and grossly counterfactual nonsense I’ve seen in my life “, He said Twitter users Jray. “To be honest, I would be very embarrassed to work with / for someone who believed that.”

Ironically, the controversy surrounding Armstrong’s latest tweet It’s exactly what he hoped to avoid by making Coinbase an “apolitical culture”.

“There is a blurred line between moral statements and politics. We could use our working day to discuss what to do about various independent challenges in the world, but that would not serve the company or our own interests as employees and shareholders. “

60 Coinbase employees, or about 5% of the employees, left the company following the September announcement. Armstrong claimed in a meeting on October 1 that a “silent majority” of employees were on his side to keep politics out of Coinbase. However, some of those reportedly staying felt that their freedom of expression was restricted and staff are required to delete certain political correspondence that was posted internally on Slack’s news platform. However, there is no constitutional right to freedom of expression in private companies.

“If your original ‘no politics at work’ rule didn’t result in smart people leaving your company, this infectious idiocy is sure to be labeled ‘epic’.” He said Twitter users Gleb Bahmutov.