This Week in Startups Throwback! Coinbase CEO Brian Armstrong from November 2017
Apr 15, 2021
Brian Armstrong, Co-founder and CEO of Coinbase, shares insights into the explosive growth of his platform, skyrocketing from $1.6 billion to $86 billion in just three years. He discusses the surge in cryptocurrency investments during the pandemic and the evolving landscape of digital currencies. Armstrong explores the market dynamics of Bitcoin and Ethereum, highlighting Bitcoin's status as digital gold. Finally, he contrasts ICOs with traditional funding, offering predictions about Bitcoin's future amidst regulatory challenges.
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Early Bitcoin Hustle
- Brian Armstrong's first crypto project involved paying people in Bitcoin for watching videos.
- He sent small amounts of Bitcoin to many people to gain traction.
Monetary Value in User-Generated Content
- User-generated content is incentivized by likes and followers, akin to karma or dopamine.
- Real monetary value transfer could revolutionize internet innovation, allowing people to earn from contributions.
ICO Craze Concerns
- The ICO craze is a bubble, with many projects lacking code or experienced founders.
- This raises concerns about potential SEC enforcement and market correction, impacting the crypto community.