Genuinely curious:

Are people angry at coinbase (and generally crypto exchanges) because they believe that exchanges allow vast amounts of people to speculate on the price of crypto and treat it as an investment vehicle when it was supposed to be a currency? And therefore nobody working for coinbase is capable of creating value.

Or are people angry at crypto overall because it's a wasteful cesspool and so because this guy took a product role in the crypto industry he's not capable of creating any value whatsoever so fuck him and fuck everyone that paid him?

Or are people angry with this guy because he's a bad or underwhelming product leader and the salary does not reflect the value he did bring to coinbase (perhaps you hold coinbase shares)? And therefore you feel he was somehow dishonest about his value and conned coinbase for millions and this reflects poorly on the startup/tech/vc industry?

The only people who should be upset are the those who provided the cash that is going into this person's pockets. Otherwise, I don't have a care in the world about this departure compensation. It impacts me in no way.

If Alex makes $100M selling middle eastern despots tech to track and dismember journalists, Bob makes $100M with his new tech to inject adverts into our dreams, Charlie makes $100M by selling the taxpayer fighter jets that don't work and charging to fix them, Doris makes $100M by offering high-interest payday loans to desperate financially illiterate people, Eric makes $100M getting people addicted to his prescription opioids, Freya makes $100M by buying up property then paying politicians to block new construction, Grace makes $100M by getting a bailout from the government and spending it on exec bonuses, Harry makes $100M by running a for-profit prison that makes sure every inmate re-offends, Iris makes $100M by getting some chump venture capitalists to pay her that, and James makes $100M by persuading rich fools to pay that much for ape NFTs, why shouldn't we celebrate the fact James and Iris's actions are relatively less destructive than the others?