Coinbase CEO on Bitcoin with Brian Armstrong - WBD244
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 24 July 2020
⏱️ 109 minutes
🧾️ Download transcript
Summary
Location: Zoom Date: Thursday 23rd July Company: Coinbase Role: Co-Founder & CEO
Coinbase is amongst the largest and most established Bitcoin companies in the world, and it has secured itself as one of the most accessible places to buy and sell Bitcoin. Its latest round of funding valued Coinbase at $8.1 billion, and there are rumours that the company plans to be listed on a U.S stock exchange later this year.
Forbes recently called Coinbase 'Bitcoin's Guardian Angel' and claimed it would make 'crypto safe for all'; however, the view within the Bitcoin community is quite different. Coinbase has come under heavy scrutiny in recent years, most notably for their $13.5 million acquisition of blockchain intelligence company Neutrino. Following this acquisition, it was revealed that the Neutrino founders were involved in the Hacking Team, a team of people who reportedly sold surveillance tools to governments, including authoritarian regimes. With this news, #deletecoinbase was trending on bitcoin twitter, putting CEO Brian Armstrong under considerable pressure to fire the team.
More recently, Coinbase again sparked controversy when The Block reported that the company agreed to sell blockchain analysis software to The Secret Service and the IRS, and was planning a similar deal with the DEA.
In this interview, I talk to Brian Armstrong, CEO and Co-Founder of Coinbase. We discuss the difficulties in running a large startup, regulations, the Neutrino acquisition & providing analytics to government agencies with Coinbase Analytics.
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Transcript
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| 0:00.0 | There's really no excuse I can give you so all I can tell you is that we make mistakes as well and a lot of |
| 0:05.7 | Building a company is like trying to learn from the mistakes and just get better over time |
| 0:12.1 | Hello there from England. |
| 0:14.0 | How are you all? |
| 0:15.0 | Welcome to the What Bitcoin did podcast, which is brought to you by The Mighty Cracken. |
| 0:18.0 | I'm your host Peter McCormack, and today I've got the long-awaited interview with |
| 0:22.3 | Coinbase CEO Brian Armstrong when no questions were off limits. But before that I do |
| 0:27.2 | have a message from my show sponsors. So first up we have BlockFi, |
| 0:30.8 | the future of Bitcoin and financial services. |
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| 0:36.4 | Bitcoin. |
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| 0:43.8 | Bitcoin wallet and with the BlockFi mobile app you can now access all their |
| 0:48.0 | services from your mobile phone. With so much more coming this year from the |
| 0:52.3 | team it looks like it's going to be another huge |
| 0:54.7 | year for the company. If you're interested in checking BlockFi out I do recommend you do your |
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| 1:14.6 | cryptocurrency exchange on the market and with their 24-7 365 customer support they will |
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