162 - The Coinbase Long Game with Brian Armstrong
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 13 March 2023
⏱️ 86 minutes
🧾️ Download transcript
Summary
Brian Armstrong is the CEO and Founder of Coinbase. Coinbase started in 2012 as simply a custodial Bitcoin wallet and has grown into the massively successful publicly traded company that we know today.
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✨ DEBRIEF | Unpacking the episode:
https://shows.banklesshq.com/p/debrief-brian-armstrong-coinbase
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✨ COLLECTIBLES | Collect this episode:
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In this episode, we go over everything you wanted to know from Brian—his reflections on 2022 and his outlook on crypto moving forward. We cover the regulatory situation in America, how SBF infiltrated our halls of power, why Coinbase launched a chain in the worst regulatory environment we’ve ever seen, Wall Street’s understanding of Coinbase, and Brian’s best advice for the settlers and builders sticking around during this crypto winter.
The last time we had Brian on the podcast was in November of 2021. We’ve come such a long way since then…and more recently, he also hopped into a livestream with us in the middle of the FTX collapse last November. It was so good to have him back on, enjoy!
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Topics Covered
0:00 Intro
8:18 Learnings From 2022
13:05 Brian’s Thoughts on SBF
14:37 FTX’s Affect on Coinbase
19:44 Crypto’s Backlash
24:06 SBF’s Sneaky Political Game
28:55 The Optimistic Long Game
32:29 Organizing Voters & Crypto 435
38:50 Staking, Derivatives, & Crypto Securities
43:42 Why U.S. Crypto Regulation is Bad
46:38 Stabelcoins
53:17 Coinbase’s L2 Base
59:28 Coinbase’s Long Game
1:02:38 The Future Products of Base
1:07:25 Coinbase’s NFT Platform
1:10:41 Base Token?!
1:11:22 Does Wall Street Understand $COIN?
1:15:52 5-10 Year Coinbase Vision
1:17:45 Wallet-as-a-Service (WaaS)
1:21:17 One River Acquisition
1:23:55 Decentralizing Coinbase
1:26:00 Crypto in 2030
1:28:20 Were Brians's Crypto Expectations Met?
1:30:06 Advice to Builders
1:32:34 Closing, Action Items, & Disclaimers
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Resources:
Brian Armstrong
https://twitter.com/brian_armstrong
Coinbase
https://twitter.com/Coinbase
Crypto 435
https://twitter.com/coinbase/status/1630592674020335617
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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://www.bankless.com/disclosures
Transcript
Click on a timestamp to play from that location
| 0:00.0 | crypto is gonna outlast any administration any official who you know has the |
| 0:05.2 | wrong idea or whatever and so we can go through good periods and bad periods |
| 0:08.3 | as long as we keep building and then the people who are engaged enough on the |
| 0:11.7 | civic side who want to do it that's great the people who just want to build |
| 0:14.0 | that's also great we need both I think we'll get there eventually |
| 0:19.8 | welcome to bankless where we explore the frontier of internet money and internet |
| 0:23.8 | finance this is how to get started how to get better how to frontrun the |
| 0:26.8 | opportunity this is Ryan Sean Adams I'm here with David Hoffman and |
| 0:29.9 | we're here to help you become more bankless everything you wanted to know |
| 0:35.2 | from the Coinbase co-founder and CEO Brian Armstrong including his reflections on |
| 0:39.8 | 2022 and his outlook on crypto moving forward that is contained in the |
| 0:44.9 | conversation that you're about to hear a few benefits some takeaways for you |
| 0:48.9 | and index of things we talk about number one Brian's reflections on 2022 how |
| 0:54.5 | bad of a year was it what was learned number two the regulatory situation that |
| 0:59.4 | faces America right now and crypto how did sbf infiltrate our halls of power |
| 1:04.6 | we ask him that question and how do we undo the damage and win over our |
| 1:09.0 | legislators number three we talk about base chain this is the new layer two chain |
| 1:14.0 | that Coinbase just launched in the absolute worst regulatory environment we've |
| 1:18.3 | ever seen why did they do this number four does Wall Street even understand |
| 1:23.8 | crypto do they understand coinbase we talk about the fundamentals and finally |
| 1:29.1 | number five we get to one of my favorite parts in this whole conversation |
| 1:32.9 | towards the end which is Brian's best advice for the settlers and the builders |
... |
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