Coinbase reveals its neutral political stance as the Twitter CEO criticises the move

Quick take

1.5 minute read

• Jack Dorsey recently took to the social network earlier this week and to hit back about Coinbase following an open letter published to its employees.

• Brian Armstrong of the exchange explained by the company looks to dodge and avoid any political and social distractions. 

The chief executive officer of Twitter, Jack Dorsey recently took to the social network earlier this week and to hit back about the Coinbase crypto exchange following an open letter published to its employees on the 28th of September.

Brian Armstrong, the chief executive officer of the exchange explained by the company looks to dodge and avoid any political and social distractions. Instead of this, the key focus of the platform is its main goal of building an open financial system for the world. Hitting back at the words from Armstrong, Jack made the argument that bitcoin is, and was, designed as a form of activism. 

He further went on to say:

#Bitcoin (aka “crypto”) 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: https://t.co/0LMlF1qcmG

— jack (@jack) September 30, 2020

And even though some of you may agree with what Dorsey said with his argument, it didn’t seem that it was well-received by the overall crypto community as many replies were actually agreeing with the exchanges approach.

Initially, bitcoin was created during a time of economic turmoil in the late 2000s In order to separate currency from traditional Fiat and financial institution methods of money. 

It is interesting to see so little people agree with Dorsey and his opinion on the matter but that doesn’t mean that he was completely without support.

Some enthusiasts of the community agreed with Dorsey and his views but unfortunately for him, it was seemingly less than a handful.

It will be interesting to see how this plays. For more news on this and other crypto updates, keep it with CryptoDaily!

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