All-In with Chamath, Jason, Sacks & Friedberg E104: FTX collapse with Coinbase CEO Brian Armstrong + election results, macro update & more
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Nov 12, 2022 
Brian Armstrong, CEO of Coinbase, shares insights on the fallout from the FTX collapse, emphasizing the urgent need for clearer regulations in the cryptocurrency market. He discusses the unethical practices at FTX and the implications for investor protection. The conversation also touches on the broader economic landscape, including inflation trends and strategies for startups in a fluctuating market. Armstrong emphasizes Coinbase's commitment to transparency and the necessity for robust governance to prevent future mishaps.
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Sacks's Mea Culpa
- David Sacks admitted to misjudging the midterm elections, citing reliance on flawed polling data.
- He also points to Trump's pre-announcement and the Dobbs decision as key factors.
Trump's Impact
- Trump's pre-election announcement turned the midterms into a choice between him and Biden, ultimately harming Republicans.
- This was despite Biden's unpopularity, highlighting Trump's greater unpopularity.
Dobbs's Double Whammy
- The Dobbs decision's impact on the midterms was underestimated, becoming twice as significant as predicted.
- Republicans' extreme stance on abortion, like total bans, backfired, even in red states.