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Uncommon Knowledge

Why Bitcoin Will Take Over The World: Coinbase CEO Brian Armstrong | Uncommon Knowledge | Peter Robinson | Hoover Institution

Uncommon Knowledge

Hoover Institution

Politics, History, News:politics, Science, News

4.81.9K Ratings

🗓️ 19 March 2024

⏱️ 65 minutes

🧾️ Download transcript

Summary

Despite a tumultuous and volatile marketplace; scandals, arrests, and bankruptcies at rival digital exchanges; and social issues disrupting his own company, Coinbase CEO Brian Armstrong is a devout believer in digital currencies and the power of the blockchain.

Transcript

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0:00.0

Crypt currency, that's Bitcoin, Ethereum, and all the others,

0:04.0

cryptocurrency and spinach. How are they like?

0:08.0

You either love them or you hate them.

0:11.0

The late billionaire investor Charlie Munger on

0:13.5

cryptocurrency quote, this is a quotation, I hate it, close quote, which brings us

0:19.7

to our guest today who loves it. The co-founder and chief executive officer of

0:24.2

coin base, one of the biggest crypto exchanges in the world, Brian Armstrong,

0:29.3

on Uncommon Knowledge now. Welcome to Uncommon Knowledge.

0:34.0

I'm Peter Robinson. The son of two engineers Brian Armstrong grew up in San Jose, California,

0:49.0

went to high school at Bellerman Prep down the road from this studio, a Jesuit boys school, and then attended

0:55.9

Rice University where he earned both a bachelor's and a master's degree in computer science.

1:02.1

Mr. Armstrong worked for IBM, for Deloitte, and for AirB&B,

1:07.1

and then in 2012 at the age of not quite 30,

1:11.0

as I make it out, he founded Coinbase, the cryptocurrency exchange of which he remains, Chief Executive

1:18.3

Officer.

1:19.9

Coinbase now has a market capitalization of some 52 billion dollars. Brian welcome.

1:27.0

Thank you for having me. Okay, we have to begin with this. I'm going to quote a Twitter post, X post as it's called now, from something

1:35.8

called coin-based support. And this is a post a few days ago, and we're talking in early March.

1:41.7

This is from the very end of February.

1:43.2

Quote, we are aware, we at Coinbase, we are aware that some users may see a

1:47.8

zero balance and may experience errors in buying or selling. our team is investigating, your assets are safe."

1:56.0

Close quote.

...

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