91 - Brian Armstrong and The Future of Coinbase

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Nov 8, 2021

Brian Armstrong, Founder and CEO of Coinbase, discusses his visionary approach to the future of cryptocurrency. He highlights the importance of bridging traditional finance with DeFi and shares insights on Coinbase's new NFT platform aimed at simplifying user experience. Brian emphasizes long-term goals over immediate profits and the need for clear regulations to foster innovation. With a focus on adaptability and leadership, he addresses the challenges of navigating a rapidly evolving crypto landscape and the exciting potential of the metaverse.

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ANECDOTE

Coinbase's Early Days

Coinbase started with a simple hosted Bitcoin wallet idea, much like GitHub or Gmail.
A pivotal moment was realizing users needed an easy way to buy Bitcoin, leading to the integration of a buy button and rapid growth.

INSIGHT

Why Coinbase?

Brian Armstrong's motivation for starting Coinbase stemmed from a passion for economic freedom and the potential of Bitcoin.
His experience in Argentina highlighted the insidious nature of inflation, further fueling his drive.

INSIGHT

Values over Riches

Values drove Brian Armstrong to crypto; economic freedom was key.
He prioritizes long-term vision over short-term gains, emphasizing responsible crypto use.

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Brian Armstrong is the Founder and CEO of Coinbase. As a pillar of innovation and adoption in crypto, Brian is playing a pivotal role in determining the kind of future we’ll see in the space.

The Crypto movement is a battle for hearts and minds, and Coinbase is fighting on the front lines.

Building bridges between the legacy world and the Metaverse is a daunting task, but Brian has been a headstrong leader with a powerful vision. Coinbase finds itself in a position to maximize a user’s choice for what they do with their assets.

With new features on the way like their NFT platform, Coinbase is steadily opening the doors for composability, decentralization, and ultimately… sovereignty.

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------ Topics Covered:

0:00 Intro 7:30 Brian Armstrong & His Start 14:11 Why Coinbase? 19:00 Money, Tech, and Values 25:48 The Drive and Vision 29:36 The Future of Coinbase 32:56 Retail, Institutions, and Developers 36:32 Relationship with DeFi 40:32 Coinbase Lend & CeDeFi 47:30 Public Goods & Decentralization 51:39 Eating All the Banks 58:09 Custody & Sovereignty 1:02:30 The Metaverse 1:10:02 NFTs and Mainstream 1:16:52 Withdraw to Layer 2 1:18:34 Regulation 1:26:40 Taking on the SEC 1:32:12 Maturing and Growing 1:36:27 Closing & Disclaimers

------ Resources:

Brian on Twitter: https://twitter.com/brian_armstrong?s=20 Coinbase: https://www.coinbase.com/ The Master Switch: https://www.amazon.com/Master-Switch-Rise-Information-Empires/dp/0307390993

----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://newsletter.banklesshq.com/p/bankless-disclosures