Founder of Coinbase Discuss CBDCs & Stablecoins

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Central bank digital currencies are seen as complimentary to crypto, serving as an endorsement of the technology while also offering improvements in efficiencies like interbank settlement. However, the excitement lies in decentralized cryptocurrencies, which unlock more innovation globally. Stablecoins have their use cases such as facilitating trading pairs and providing stable currency options in countries with unstable currencies. Despite these current use cases, the long-term focus remains on decentralized crypto assets for a more participative, global, free, and fair economy.

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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