Everybody I talked to actually thought is a bad idea.

Like any reasonable person would have quit.

I was filled with self doubt.

And then coin base was valued at a billion dollars.

Brian Armstrong, CEO, co-founder of coin bit.

The largest U.S. cryptocurrency exchange. I saw technology as a way to try to

have a big impact on the world. If the thing that got you started in the first place was

like fear, like fear of never being important or fear of never feeling fulfilled you're just

gonna give up.

Cryptocruency is the biggest transformation of money since the invention of paper.

Coinbase was being deemed the most trustworthy brand in crypto.

It tipped at a certain point from like, oh, this growth is really good to,

okay, things are getting a little crazy here.

If you kind of more than double a company in a year,

you're really going to start to see a lot of stuff break.

This morning, Coinbase just telling employees in an email that it plans to layoff

18% of its workforce.

We had never done a layoff before. I had never done one.

I remember I went up in front of the company and my voice

cracked I mean it was awful oh man I actually think coin-based is in deep trouble here.

And let me tell you why.

The pressure and the scrutiny and the headlines.

...