[grey-area]

It's not because of the downcycle, no one who's been in crypto long enough cares about that

It absolutely is and there is a lot more of this blame game to come as people’s illusions are crushed. BTW it’s not a downcycle or a season, it’s a crash and cryptocurrencies will not recover because:

Nobody is using them as currencies - the experiment has failed, instead they are vehicles for speculation

The supply of greater fools in the world population has been exhausted, and after they lose all their money they will never return

That’s not to say coinbase and Armstrong don’t deserve criticism but let’s be clear about why it is happening now - his actions haven’t changed, the context has, and a lot of people have lost money they’re never getting back invested in coinbase itself and cryptocurrencies so they are angry (esp employees who probably invest in crypto, in coinbase and depend on the company).

[spamizbad]

When crypto was rising there was a lot of back-patting about how the cryptocurrency industry was slurping up talent from other sectors.

Granted, maybe the crypto aficionados celebrating the hiring spree are different from the ones now demanding labor austerity, but it strikes me as quite the heel-turn.