Is There a Mission Statement Above the Mission Statement?

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There's this inherent tension, i think, in all companies. You have this ultimate vision of the world that you want to see, but you also need to hire a bunch of people and make pay roll every month. Most of our revenue to day we make from a trading fees. I'm passionate about it because i want there to be more economic freedom in the world. We're making more of them with custody and all thes other things. So those are the things that are helping us get the thousands of people alligned and adpaid to go accomplish the bigger mission of the company....

Brian Armstrong first recognized the potential of cryptocurrencies after witnessing firsthand the tragic consequences of hyperinflation in Argentina. Coinbase, the company he co-founded, aims to provide the primary financial accounts for the crypto economy. Their success in accomplishing this, he says, is due as much to their innovative approach to regulation as it is anything technological.

Brian joined Tyler to discuss how he prevents Coinbase from being run by its lawyers, the value of having a mission statement, what a world with many more crypto billionaires would look like, why the volatility of cryptocurrencies like Bitcoin is more feature than bug, the potential for scalability in Ethereum 2.0, his best guess on the real identity of Satoshi, the biggest obstacle facing new charter cities, the meta rules he’d institute for new Martian colony, the importance of bridging the gap between academics and entrepreneurs, the future of crypto regulation, the benefits of stablecoin for the unbanked, his strongest and weakest interpersonal skill, what he hopes to learn from composing electronic music, and more.

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Recorded January 14th, 2022 Other ways to connect

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