An organization is a means of leveraging one of our species’ superpowers: cooperation. This is a tool that encourages anti-cooperation, full stop. The process was developed by mega-hedge fund Bridgewater, part of founder Ray Dalio’s vision of “radical transparency.” Dalio can point to 223 billion reasons his management approach works. However, there’s also reason to believe it’s a narrow set of people — mostly traders — who will tolerate a granular scorecard tracking every aspect of their performance. At Bridgewater, 20% of employees leave within the first year. Employees are seen crying in bathrooms, and workplace politics such as sex scandals are resolved by ignoring those with lower believability scores. Coinbase can take solace that they also have a great deal of tears in the bathroom, as the stock is 80% below its initial listing price.