Deleted tweets by Brian Armstrong, CEO of Coinbase

brian-armstrong-deleted.md

Deleted tweets for brian_armstrong

The list below includes 675 deleted tweets by brian_armstrong.

This report was generated by ✨cancel-culture✨, an open source project by Travis Brown.

You can create your own updated version of this document by checking out and configuring the repository and then running the following commands:

$ cargo build --release
$ target/release/twcc deleted-tweets --report brian_armstrong

Please note that all tweets quoted here are sourced from the Wayback Machine and were not directly accessed through the Twitter API or any Twitter client.

• 17 September 2020: Let's go!
• 28 May 2020: Country leaders should be evaluated more on how they improved in these rankings
• 28 May 2020: Will be sad if Hong Kong falls in the index of economic freedom (seems likely at this point). Singapore stands to gain a lot here as more companies move investment here vs Hong Kong.
• 27 May 2020: Welcome @tagomisystems to the @coinbase team! The institutional space in crypto is growing quickly - this will help us continue to serve our institutional customers👌
• 26 May 2020: Also - great contra point to my prior tweet. CEOs are still doing some mainstream media interviews!
• 26 May 2020: Sundar does great on "steady hand" but lower on "inspiration" Elon inspires but is polarizing. Love Sundar's answer also "I don’t want to answer hypotheticals." going to steal that :) No wrong way to do it - just be the most authentic version of yourself.
• 26 May 2020: Really interesting to contrast these Sundar and Elon articles. Sundar is much more of a politician - polite, dodges, etc Elon just says what is on his mind (I assume with little if any prep)
• 22 May 2020: Congrats @BrianBrooksOCC !
• 21 May 2020: People in PR/coms will have to adapt to this world as well. Creating a podcast for your company potentially more important than getting traditional press.
• 21 May 2020: The right strategy is probably the build relationships with 3-5 high quality traditional journalists, and then spend majority of time on modern channels.
• 21 May 2020: Don't get me wrong - I think there are high quality journalists out there, and journalism fulfills an important role in society. Journalism is just going to change over time (like everything) to be more individuals, building their own brand, doing great work.
• 21 May 2020: Going on a national TV program might drive (literally) 100 visitors to your website. Getting on the front page of Hacker News will drive 10k+ visitors.
• 21 May 2020: Publishing to our own blog/twitter/YouTube let's us say what is on our mind and talk to our customers - not get one quote in an otherwise balanced (or sometimes outright mean/snarky) article.
• 21 May 2020: Trend I'm noticing: most execs/CEOs don't want to speak with mainstream media as much as they did even a few years ago. Our customers are on YouTube/podcasts/social media - not reading mainstream media. And companies are able to control their own distribution channels.
• 21 May 2020: If you want to have an impact on the world, invest in science, technology, and engineering.
• 20 May 2020: This post talks about it: everyone has to work as if they are remote, even if in an office exec team won't be in the office (much) to set the right example here
• 20 May 2020: I sent a note to employees earlier today: "Post COVID-19, Coinbase will be a remote-first company"
• 19 May 2020: So good!!! :)
• 18 May 2020: Inspiring work: using science, engineering, and free markets to tackle the biggest challenges in the world is an approach worth emulating.
• 18 May 2020: To me that's the core metric, to help crypto grow beyond just trading and speculation. It's like the early days of the internet where people were trading domain names, hoping they might be useful for something in the future. Well it's time to make those things useful!
• 18 May 2020: The team has much better stuff than this, but it's also nice to just try something quickly with pen and paper. Anyone can do it. One metric we're tracking is non-trading monthly transacting users, as a measure of how the crypto economy is growing.
• 18 May 2020: Spent the afternoon playing with some app designs, and material design. More and more things to do in crypto other than trading, feels like we need a way to expose those opportunities in a feed on the home screen, and a bunch of other mini apps in a sidebar...
• 18 May 2020: Worth reading
• 18 May 2020: Took a fresh read of Sovereign Individual - was really ahead of it's time, a lot of original thinking (some really out there stuff too)
• 18 May 2020: Nipsey Hussle did a better job at explaining Bitcoin than anyone on crypto twitter. R.I.P Nipsey Hussle.
• 16 May 2020: Welcome to crypto! Grab a @coinbase account when you're ready to use that Bitcoin (not just hold it), and get into any of the many other cryptos out there 👌
• 16 May 2020: Ready for the fourth cycle!!
• 16 May 2020: "A key feature of crypto cycles is that each one plants seeds which later grow and drive the next cycle."
• 14 May 2020: Strange - that link doesn't seem to work for everyone. It is linked from these pages though which should work:
• 14 May 2020: Expect to see many more crypto startups launch in a similar way, and use a token like this to build their communities.
• 14 May 2020: For all the people who asked me "where are the use cases?" over the years, this is what it looks like. Lots of hard work by individuals, integrating crypto into real products. Slow incremental improvement, moving the ball one yard every day - there is no big bang moment.
• 14 May 2020: Overall this is really well executed, and a model for other crypto startups to emulate for a token launch that helps bring an online community together, and delivers real value. The internet finally has a native currency. It's working folks!
• 14 May 2020: * user controlled wallet (although it would be nice to let people connect any wallet they are already using with ) * burn model when coins are spent, generates demand
• 14 May 2020: * can spend your points on community features, and send to/tip other users * coins get you reputation (but rep can only be earned, not bought - key principle)
• 14 May 2020: They do a great job from a legal POV of launching a utility coin, within clear boundaries. * they are up front saying these are a way to "own a piece of your favorite community" * users are rewarded for contributing
• 14 May 2020: It's live on a few sub-reddits. e.g. Each community can have it's own coin.
• 14 May 2020: This is a huge deal for crypto - Reddit (top ten website in the U.S.) has launched their cryptocurrency integration:
• 14 May 2020: Around The Block is an awesome newsletter that, until recently, was internal only at Coinbase. It was too good to not share - so we'll be putting them out publicly going forward.
• 13 May 2020: This is pretty funny - metaverse drama.
• 13 May 2020: You have to be ok with people hating you to do anything interesting it turns out. Nobody mentioned that growing up. Figure out what you feel is right and go for it, regardless of what others think. The world is full of people who will criticize you, no matter what you do.
• 12 May 2020: Proceeds go to COVID19 charities.
• 12 May 2020: Having trouble explaining COVID19 to your little ones? The Big Thing is a children's book about finding the silver lining in these trying times. Grab a copy on Amazon or read for free online. (makes a great gift too)
• 12 May 2020: Pretty epic
• 10 May 2020: Such an intuitive explanation of four dimensional shapes
• 7 May 2020: This would be huge for California if it happens - ensuring the future of finance is built on the west coast. So many startups are struggling with this right now - the current securities laws are well intentioned, but stifling a lot of innovation right now
• 7 May 2020: 4/ Obviously lots still in flux. Employee safety remain the main priority of this plan. Any info that can help people plan for the future is helpful, so we're sharing it publicly. We'll continue to post updates as we make progress. 🙏
• 7 May 2020: 3/ Remote first means some employees will be in an office, and some will be at home. But we need to operate is if we're all remote, to not disadvantage employees who aren't in an office.
• 7 May 2020: 2/ To continue to make this hybrid state a success, we're going to have to operate in a "remote first" manner.
• 7 May 2020: 1/ This week we shared a high-level plan with employees about how and when employees will be able to return to our offices. A large % of employees will stay remote for some time, potentially indefinitely.
• 7 May 2020: Thiel's indefinite optimism assessment of USA is spot on I think, with some rare exceptions. Need more builders with a plan.
• 7 May 2020: Sadly, this is the story of a lot of regulation: great intentions, unintended outcomes.
• 7 May 2020: Probably hinder more innovation than they produce. Certainly in software, potentially in all areas actually. Unfortunately, because they exist we all are forced to play the game to defend ourselves:
• 7 May 2020: "groundbreaking" invention of turning your phone sideways Patents are supposed to encourage innovation, to reward people who invent new things with a temporary monopoly, but I think they're a classic example of good intentions with bad outcomes.
• 7 May 2020: Software patents are silly
• 7 May 2020: Agreed! Thank you @katie_haun a true force of nature. 🙏
• 7 May 2020: Congrats @davidmarcus on bringing in a CEO for Libra. David is one of the most resilient people I know, continually making forward progress even in the most difficult situations. This is how you build!
• 4 May 2020: I wrote a new post: "How companies will work post COVID19: embracing a remote-first culture."
• 3 May 2020: Darwin delayed publishing On the Origin of Species for 20 years, due to fear of persecution, pretty wild
• 30 April 2020: Create gradients in your work, and review them often
• 30 April 2020: What are the main differences you notice? It seems largely the same to me.
• 29 April 2020: This is really cool. Great notes! Thx for sharing.
• 28 April 2020: Check out this talk on privacy coins
• 26 April 2020: 4. Stay in denial and hope the trend line doesn't continue! 😁
• 26 April 2020: 3. Accept and be content that humanity will no longer be the dominant form of intelligent life. Bask in new found abundance (hopefully being well taken care of), and be proud of our role as the bootloader of digital life.
• 26 April 2020: 2. Start rapidly accelerating the pace of biological evolution using genetic engineering to try and keep up with sybthetic/digital life.
• 26 April 2020: AI will likely continue to surpass humans in more fields over the coming decade. What is one to do in this world? Some options: 1. If you can't beat em, join em. Upload your mind to the cloud, merge with AI using NeuraLink, etc.
• 26 April 2020: Won't take long before "it's so human" is no longer a compliment, and presumed mistakes are potential strategies to emulate.
• 26 April 2020: Amazing watching AlphaStar continue to evolve rapidly. When it started people would exclaim "it's so human" as a compliment and point out strange moves that were presumed mistakes...
• 23 April 2020: 👀
• 23 April 2020: Excited to be building out more infrastructure for #DeFi 👌🙏
• 20 April 2020: Welcome to our new Head of Institutional Coverage, Brett Tejpaul! Institutions have started moving into crypto in a big way. We're excited to be providing the services they need to succeed with this new asset class, and in the cryptoeconomy more broadly.
• 19 April 2020: The largest blocker to American exceptionalism, in my view, has been the growth of well intentioned regulation, with it's many unintended side effects. It destroys the spirit of innovation and people's desire to build.
• 19 April 2020: Great article by @pmarca It's time to build! Fully agreed.
• 18 April 2020: Nice!
• 16 April 2020: 🤔
• 13 April 2020: is there a good Oculus app for business meetings? would be cool to have something that integrated VR meetings with Google Meet/Zoom (people here could appear as 2d avatars or something more lo fi) since relatively few people have VR headsets still - would ease the transition
• 13 April 2020: cool idea for digital happy hours
• 13 April 2020: Agreed - should never have been an option in the first place.
• 13 April 2020: Same
• 12 April 2020: Yikes, a complete failure to understand economics. And one more reason for tech companies to leave SF. Can we imagine any unintended consequences of this?
• 9 April 2020:
• 7 April 2020: On Bitcoin's value proposition during this recession Note: Around The Block is a regular newsletter we've started publishing that covers current events in the crypto space
• 2 April 2020: Huge if true. Shows that Bitcoin is already being widely used as a payment rail for Latin American workers to send money home to family, circumventing the government's restrictive out-of-country money transfer policies.
• 2 April 2020: It's a great point. During crisis there is enormous pressure on leaders to take action, even when that action may cause bigger problems long term.
• 2 April 2020: Needs to be a name for this phenomenon, and agreed!
• 31 March 2020: Three recent ones... I Lost My Body Jojo Rabbit For Sama
• 31 March 2020: Going to start a thread where I list brilliant films that I end up seeing, that should be better known....will add to it over time if I find more.
• 29 March 2020: Tune in for a live AMA Mar 31 with @balajis on #SARSCoV2 and the Chinese National Health Commission's guide to treatment. A much overlooked document outside of China. Sign up via email at the link below - and post any questions in advance on the paper page.
• 28 March 2020: If you're interested in self-testing minicircle gene therapies - check out this #AMA and live e-journal club hosted by @aitherick and @ResearchHub tomorrow, Sunday Mar 29th at 11AM PST or 2pm ET.
• 28 March 2020: Here's the message I shared with the @coinbase team at our first fully remote all hands meeting. Covers the current macro environment and how crypto can help create more economic freedom in the world during these crazy times.
• 21 March 2020: Competition in free markets wins again 💪
• 20 March 2020: How @coinbase is supporting employees, customers, and each other during COVID19
• 20 March 2020: The heartbeat of the company
• 20 March 2020: New landing pages up to help educate people about Bitcoin 💪
• 19 March 2020: Most peer to peer payment apps today are U.S. only and fiat currencies are going to lose their value more quickly with upcoming inflation. It's time for the world to have a global payment system based on sound money.
• 19 March 2020: We're working hard to make it easier for people to use global, inflation proof, digital payments with crypto! Passing paper currency and coins between people has never been hygienic.
• 19 March 2020: A few more great options: Wences Casares on Bitcoin as a new form of money: The Bullish Case for Bitcoin by Vijay Boyapati
• 18 March 2020: These are my three go-tos: Listen: Andreas Antonopoulos podcast on Why We Need BitcoinWatch: Bitcoin 101 with Balaji Srinivasan Read: Why Bitcoin Matters by Marc Andreessen
• 18 March 2020: When you're trying to help someone understand Bitcoin for the first time, what are the most effective links you send them?
• 17 March 2020: "Convert don't cancel" Resist the temptation to cancel meetings - convert them to remote instead. With some creativity is it almost always possible. This is not a shutdown, it is the new business as usual. Keep calm and carry on.
• 17 March 2020: You can now use Coinbase Card with Google Pay! (UK only for now - hopefully coming to other countries soon)
• 15 March 2020: @danielgavrilov @MaxCRoser awesome work! Possible to see active cases visualized? I could be wrong, but active cases (total minus recovered) seems like a more relevant metric than total. Seeing this flatten would be a leading indicator on progress in a country.
• 15 March 2020: Better data viz finally coming online 👌
• 15 March 2020: Jojo Rabbit was a really unique film, worth watching!
• 14 March 2020: 🤔
• 13 March 2020: Great message from @ErikVoorhees
• 13 March 2020: This hash tag should be a thing! Haha #balajiwasright
• 12 March 2020: Agreed - have to hand it to him. Balaji was early on this one.
• 12 March 2020: Excited to finally have batching of Bitcoin transactions live! Coinbase generates a lot of on-chain Bitcoin transactions, and I'm glad we're making them more efficient now.
• 12 March 2020: CDC missed the boat in some ways as well here. I'm glad there is so much more information available now (both good and bad). New credibility indicators I think will develop online (reputation/trust scores etc) to help people sift through it (already happening for a while now).
• 12 March 2020: NYT and traditional media generally are being disrupted, and are no longer viewed as a source of truth by many. Taking potshots at Facebook to try and hold on to relevance seems to be their main strategy, which I don't think will go well.
• 12 March 2020: Great post - it covers a lot, but makes the really important point that people's source of truth is starting to decentralize
• 9 March 2020: Tweeted 1hr ago
• 9 March 2020: Also, how many "blow to bitcoin" headlines are we going to do here guys??
• 9 March 2020: Intellectually dishonest headline from Forbes and Billy Bambrough. Can see the tweet storm this headline is based on here
• 9 March 2020: Notbad.gif
• 9 March 2020: Surprised we're seeing the Bitcoin price fall in this environment, would have expected the opposite.
• 6 March 2020: 👀
• 5 March 2020: We've moved all coms on COVID-19 to this blog post going forward: Please bookmark that link for latest updates. (My google doc got a bit overwhelmed with high traffic!)
• 4 March 2020: Btw, by "know who you are here" I mean know your username and how to send you a push notification, not necessarily your real identity.
• 4 March 2020: The good news is that there are a number of teams now racing toward this prize. Let's see who ships! (This is one of the hardest things to do as a builder - I am rooting for them all.)
• 4 March 2020: In conclusion: I think it's still very much up in the air which blockchain will help get crypto from ~50M users to 5B. The chain that manages to ship some of these scalability, privacy, decentralized identity, and developer tool solutions will have a big leg up.
• 4 March 2020: Anyway, I thought it was an awesome story, with some great pattern matching to crypto. History doesn't repeat itself, but it does rhyme.
• 4 March 2020: The underlying scripting language of each blockchain, is a big part to get right on the developer tool side as well. HTML/CSS took off in a big way because of how simple it was. Made it accessible to get started as an amateur, vs say a low level or complex binary protocol.
• 4 March 2020: 4. Developer Tools - just making it super simple for developers to build apps, publish them, and get distribution. The apps need to "just work" for users, so there will need to be a bigger focus on UX (standardization on the decentralized identity piece above will help with this)
• 4 March 2020: Decentralized identity will also enable users to have reputation scores (similar to FICO or credit scores today), and attestation or claims around KYC, which I think will unlock a bunch of use cases.
• 4 March 2020: 3. Decentralized Identity - when you open a "dapp" inside a wallet, it should automatically know who you are, and how to push a payment request to you, this was a big driver of growth for WeChat apps for instance (no signup or adding a payment method).
• 4 March 2020: 2. Privacy - perhaps a contrarian view, but I think we'll need privacy coins, just like we needed HTTPS as the default on the web, for many use cases in crypto long term. Everyone deserves access to financial services, and financial privacy.
• 4 March 2020: For me, the biggest areas of development I see that I think we need to get right as an industry are: 1. Scalability - we need blockchains that can get to at least thousands of TPS to get mainstream adoption of crypto (similar to broadband internet being a big unlock on the web)
• 4 March 2020: For instance, (and @coinbasewallet) are making it easier for people to be instantly "signed in" to a Dapp, and then get push notifications to approve a payment or action. Previously this was much more difficult.
• 4 March 2020: Javascript programming coming to web pages is similar to scripting languages maturing in smart contracts/blockchains. Web usability improving for non-technical people parallels Dapp usability (which still has a long way to go).
• 4 March 2020: Anyway, the parallels to crypto are pretty staggering here.... Slow internet speeds/dial up models reflect early challenges in scaling blockchains. SSL and HTTPs are similar to some of the privacy coin efforts.
• 4 March 2020: As they started to get their first party app working in the browser, they were inventing the tools for web apps to go mainstream globally, which would attract millions of developers and startups. Javascript, for instance, is now the most popular programming language in the world
• 4 March 2020: Then, the pages were all static, and there was no programming language to build real apps on the web. So @BrendanEich in 3 weeks came back with a working implementation of javascript.
• 4 March 2020: Then, next problem was that nobody wanted to put a credit card into the internet, because everything plain text over http. So they went and invented SSL/HTTPS.
• 4 March 2020: They figured they'd try making a shopping cart (see if they could build a first party app). There was no way to save state or create a session (for instance, to make a shopping cart), so they created the concept of cookies.
• 4 March 2020: At Netscape, they were working with early internet protocols. Things weren't very scalable (dial up modems), you had to be somewhat technical to figure out how to get online, and early websites were pretty basic (static sites, looked like toys). Sound familiar to crypto at all??
• 4 March 2020: Hosted @bhorowitz at @coinbase last week for a fireside chat (video hopefully coming out soon on your YouTube Channel). He had a great story about the early internet parallels cryptocurrency nicely I think.
• 4 March 2020: By contrast, India Stack (or UPI) was an incredible piece of financial innovation in India. So it has certainly not been a one sided story.
• 4 March 2020: Any country that doesn't develop expertise, and nurture/enable startups, in this sector is going to struggle to be a global financial player long term. The financial hubs of the world (US, UK, SG) have all embraced it for the most part, to remain relevant.
• 4 March 2020: This is a big development for cryptocurrency in India if true. The reckless ban on Indian banks working with cryptocurrency companies a few years ago was a big setback for Indian startups short term and the Indian economy long term.
• 3 March 2020: This could be the year where the mindset of institutional investors begins to shift, from crypto as a venture bet, to crypto as a reserve currency.
• 3 March 2020: China has already done this, printing $173B. This may lead to a movement of funds into crypto, that are viewed as a hedge against inflation.
• 3 March 2020: A down stock market and interest rate cuts may lead to growth in crypto this year. Governments around the world are likely to look to stimulate the economy in any way they can, including using quantitative easing and expanding the money supply (printing money).
• 3 March 2020: Celebrate builders
• 2 March 2020: Also, we are lucky that as a software business (no manufacturing) most employees can still be reasonably productive from home. Might as well be a bit more proactive.
• 2 March 2020: Seems likely it will spread globally at this point (perhaps up to 40-70% of population?), goal is to smooth out the shape of the curve to put less strain on the medical system.
• 2 March 2020: An update on COVID-19. We're asking some employees to start working from home this week. Working from home is not a complete solution, but it may help slow the growth of infections.
• 28 February 2020: Trip down memory lane....this post is from almost 8 years ago. When I was first learning how the bitcoin protocol worked, this guy @dooglus answered a ton of my questions. Never met in real life. Who are you?
• 27 February 2020: @garrytan was essentially my CEO coach (in addition to investor) for the first year or two or Coinbase. Helped a ton. I remember calling him during the series A to learn how to navigate tricky term sheets with VCs!
• 27 February 2020: This new flow to connect and transfer funds to your @CoinbaseWallet account on mobile is super slick. Much improved from prior version requiring a lengthy login verification in the mobile browser. 👏👏👏
• 27 February 2020: Things got weird there for a bit
• 26 February 2020: Cc @matthuang @FEhrsam
• 26 February 2020: Coinbase Wallet is looking 🔥 Not your keys not your crypto 😁
• 25 February 2020: Shout out to our security and comms teams for the excellent work here. Practicing some radical transparency here, will how it goes.
• 25 February 2020: Sharing our internal planning and communications around #coronavirus / COVID-2019 in case helpful to other companies. We want to be prepared for the worst at @coinbase, but also be calm/rational in our approach. I'm sure much to improve on.
• 24 February 2020: How often do people wash their phones? Think about how often you wash your hands, but your phone is with you all the time and you almost never wash it. Have heard that some people are now showering with their phones every morning or washing them periodically (water proof models)
• 23 February 2020: "I Lost My Body" on Netflix is amazing 👌
• 23 February 2020: Yay! Finally worked We need to make dapps way easier to use than this for mass adoption. Even @zooko and I couldn't figure it out haha 😅
• 23 February 2020: Hmm - it connected to Metamask in Chrome, but still shows the loading screen indefinitely. Maybe it's offline @bgu33? Btw, would be awesome to add support as well.
• 23 February 2020: wut??
• 22 February 2020: Crypto tokens!
• 21 February 2020: I agree! What is up with these photos!
• 20 February 2020: On 737 Max, I'm surprised Boeing CEO never took control of the narrative and release a plain message: 1. Here's what happened 2. Here's what were going to do to fix it 3. Here's what were doing to ensure this never happens again And then weekly progress reports until complete
• 20 February 2020: The way you get economic growth is: 1. Invest in science and technology 2. Encourage entrepreneurship (mostly by not doing all the things that discourage it, vs any specific incentives)
• 20 February 2020: This is one of the best side effects of working in a growth industry, people cooperate instead of competing. Stark contrast vs other industries. Economic growth has many amazing downstream effects, this being one.
• 20 February 2020: Today I'm appreciating the network of people in Silicon Valley who are willing to help each other out. Hosted a strategy dinner last night with an awesome group. Information shared openly, everyone collaborating to build the future, very non zero sum.
• 20 February 2020: Write down every day: * 3 things you appreciate (even seemingly mundane things, like having running water, or having something to eat) * 3 long term goals * 3 things you're going to get done today to make those happen Then start your day doing those 3 things first.
• 20 February 2020: @dwr is back from vacay, ideas percolating (and being loaded into his brain with spaced repetition), and coding chops being dusted off, what will happen next 👀
• 19 February 2020: First time I've seen public data on this segment. @DoorDash is crushing it, only one growing in share. 👏👏👏
• 18 February 2020: Or maybe at most choose a one word description from a short list, like "healthy", and a number of people who want to eat. Minimize the paradox of choice. Many meals in life (office, dorm, etc) someone else chooses the cuisine, so we don't always need so many choices.
• 18 February 2020: Uber Eats (and the like) should have a one tap checkout to get food. Sort of an "I'm feeling lucky" (I'm feeling hungry?) button for, "sustenance required, I don't really care what".
• 16 February 2020: Agreed, four out of five I think. Pretty impressive. Need new predictions for the next decade!
• 14 February 2020: This is super impressive!
• 13 February 2020: Coinbase infra team is doing some pretty epic stuff on security, developer productivity, and lots more
• 13 February 2020: I love a good card on the home screen
• 13 February 2020: The Chinese internet is bigger than most people realize. Check out these top 50 global websites and see how many you've never heard of:
• 12 February 2020: Also, awesome to see our SOC 1 and SOC 2 approved for Coinbase Custody. Has been awesome to see institutional customers moving into crypto in a big way in the past 12 months.
• 12 February 2020: Innovating in regulated markets takes longer (lots of parties to coordinate and work with), but it's the right long term approach.
• 12 February 2020: Margin trading is live on Coinbase Pro! (at least for 23 states for retail customers, and 43 states and 9 countries for institutional). Hoping to have California live by Q3. And NY soon.
• 12 February 2020: There is a lot of opportunity to launch products in regulated markets though. It is so much harder to be innovative, so most entrepreneurs shy away from it.
• 12 February 2020: A lot of this is not the fault of these companies btw. They don't control the underlying infrastructure. There is a lot of well intentioned regulation that actually makes it harder for regular consumer to have a good experience as well. Unintended consequences.
• 12 February 2020: Crypto has it's own (numerous) UX challenges of course. But by building on new underlying infrastructure there is an opportunity to make things better, and finally have payments that "just work".
• 12 February 2020: Trying to send money to pay back a friend. Paypal tells me "recipient is unable to receive money" and SquareCash tells me my bank declined the payment. This is in the U.S. where these services work best. Imagine rest of the world.
• 12 February 2020: The bad behavior we see from Apple with the app store is a small taste of what it would look like. Would be far worse without Android capturing so much share.
• 12 February 2020: Google doesn't get enough credit for this. Could have turned out very differently for the world (like the monopoly that Microsoft had on desktop, and very bad behavior that came along with it)
• 11 February 2020:
• 11 February 2020: Another crypto dogfooding event today at @coinbase HQ. Still lots of work to do to make crypto more usable for every day commerce. Buying stickers, burritos, and donuts!
• 9 February 2020: Celebrate builders, not the critics and pundits.
• 9 February 2020: Excited to see back above $10k. Real progress continues to happen, independent of irrational exuberance or dispair. Ignore short term thinking and haters. You can use technology to improve the world, it just takes a lot of time and hard work.
• 7 February 2020: Enjoyed meeting @HesterPeirce in DC a few years back. Found her to be thoughtful and smart on crypto. Hopeful that we can bring forward sensible regulation like this. 👏 Looking forward to visiting DC again later this year.
• 7 February 2020: Excited to see what happens for in this next halvening.
• 7 February 2020: Hat tip to Wences on most of these ideas btw! I get all my best ideas from others 🙏
• 6 February 2020: When technology drives down costs, you get all kinds of new behavior and innovation that was never before possible. It also democratizes access, and levels the playing field globally. Exciting times ahead for crypto and the open financial system!
• 6 February 2020: Every upvote on a website could be a transaction, an email you send with priority access, your self driving car changing lanes, or the goods you're exchanging in your virtual world.
• 6 February 2020: Just like messaging, we will see several orders of magnitude more payments (it won't be uncommon for someone to do 40 transactions in an hour, instead of in a month), but we'll also see many types of new transactions that would seem strange to us today.
• 6 February 2020: What will happen when the cost of a payment falls to SMS levels? What about free? What will happen when all payments are inherently global?
• 6 February 2020: Payments are local, not global. There are onerous exchange rate fees, and transaction fees, when you do "long distance" or international payments.
• 6 February 2020: Now let's think about where we are with payments. The average american sends about 40 payments a month. It costs 2% every time you swipe your credit card (even if the merchant pays it, you're also paying it in the higher price of the item). ACH takes 3 business days.
• 6 February 2020: And messaging also became borderless (no distinction like "long distance" calls, or international mail, anymore - WhatsApp messages work wherever the person is in the world).
• 6 February 2020: Not only did the volume of messaging grow by orders of magnitude, as costs came down, but it also unlocked all kinds of creativity and innovation. Think of all the new messages types we have now - memes, video calls, voice memos, reaction emoji, etc.
• 6 February 2020: If you told a person in the 1800s (who sent one letter a month) that people would one day send 40 messages in an hour, they would probably think those people sounded insane.
• 6 February 2020: Then WhatsApp, email, and many other messaging apps drove the cost per message down to zero, and we saw a true explosion in messaging. Hundreds of billions of messages are now sent every day, and it's not uncommon for someone to send 40 messages in an hour.
• 6 February 2020: With SMS, at $0.20 each, people might send a few messages a day. Peak SMS globally was 20B messages a day.
• 6 February 2020: In the 1800s people used to send maybe one letter a month. Then in the 1900s telephones became available, and for $1 a minute you could even call long distance to other countries, maybe a few times a month.
• 6 February 2020: Summarizing a recent conversation I had with friends comparing messages to payments, and what happens when technology drives down costs...
• 6 February 2020: Would be cool to get exposure to cryptocurrency through your @wealthfront account. They are missing an important asset class. Depending on a customer's "risk score" it should probably be between 0 and 10% of their portfolio.
• 29 January 2020: And crypto is seen as real money that people can't tamper with (at least control is decentralized and I can trust people to review the open source code). Why put your livelihood into something that could be manipulated or devalued without your input.
• 29 January 2020: Most people today probably still think of cryptocurrency as funny money, or a speculative asset class. But I believe we're going to see this perspective flip, probably starting with young people as with many things, where holding a government's currency is seen as funny money.
• 29 January 2020: Consider crypto "U.S. National Debt Will Rise to 98% of GDP by 2030, CBO Projects"
• 27 January 2020: Start a meeting with how you authentically feel (tired, nervous, excited). By letting your guard down you will recruit the room to your side so that everyone is rooting for you.
• 24 January 2020: I could see digitized fiat currencies making it easier for the IMF or others to create baskets, for instance. And it will just generally get a bunch of people more comfortable with digital currencies, which is good.
• 24 January 2020: It's a bit like countries that have created their own internets, vs using the global, decentralized internet.
• 24 January 2020: Cool to see more CBDCs coming out (central bank digital currencies) I don't expect these to have as big of an impact as global/decentralized cryptocurrencies, but they could be complementary in other ways.
• 17 January 2020: I used to hate running, but this is a form of exercise I can actually look forward to. Almost meditative, and keeps you sane/productive.
• 17 January 2020: 30 minutes of zone 2 cardio in the mornings (not very intense, think walking at a 7-8% incline on a treadmill for most people) is a great way to clear your mind, listen to educational content (audio books, podcasts), and even write down goals, journal, or practice a talk
• 16 January 2020: Starred contacts
• 16 January 2020: Otherwise you're just responding to other people's todos all day, not making progress on your top priorities. Periodically check your phone when you have time, it's fine to respond an hour later or a day later (or never).
• 16 January 2020: Productivity tip: your phone should be on do not disturb 100% of the time. The only thing that should allow your phone to vibrate is about ~10 people in the world (started contacts who can punch through DND in emergency) and your calendar app so you're not late to next meeting.
• 16 January 2020: If you only got 3 things done today to move toward your goals, what would they be? Do those first before diving in to email, slack, any messaging app, etc. Work interruption free.
• 14 January 2020: Awesome to see @cosmos live for Trading on Coinbase!!!
• 14 January 2020: Has anyone calculated the cost to society of having everyone make these cookie decisions on so many websites every week? Pure wasted cycles. Also, cookies are useful and tasty and I happily accept all cookies (both digital and baked goods)!
• 14 January 2020: I still can't believe these cookie notifications are necessary in 2020. One of the most misguided pieces of legislation. This one from Bank of England's website is now presented with a matrix of choices......
• 14 January 2020: Agreed! Congrats @zachperret and team. Well earned 🙏👌
• 13 January 2020:
• 13 January 2020: I think we'll see more startup cities (charter cities, special economic zones, etc) in the 2020's. Likely with some using crypto as the primary currency.
• 11 January 2020: Not really
• 11 January 2020: Pick up some sweet crypto gear at BlockShop:
• 9 January 2020: History may not repeat exactly here (lots of differences in crypto, for instance the protocol developers will probably generate a lot of wealth this time), but it will likely rhyme.
• 9 January 2020: For the winner here, it's potentially a $100B outcome (not to mention changing the world). There were many early competing standards when the internet first started, but only one TCP/IP.
• 9 January 2020: One point I didn't make under the "Consolidation" section of this: I'm surprised that I don't see more urgency from the teams working on the next generation protocols. They feel more like research labs and grant makers, than startups hustling for the top prize.
• 8 January 2020: Toyota is making a city 🤔
• 8 January 2020: The Coinbase Pro mobile app is now available on Android!
• 8 January 2020: Well written 👏👏👏 Who knew, candid internal memos can work even better than PR scrubbed external memos!
• 8 January 2020: Need to get seamless integration with wallets on devices so it "just works".
• 8 January 2020: I feel like there will be many applications of people using these to create rent generating IoT devices via crypto. Camera, air quality sensors, wifi hotspots etc. is a cool example of this already.
• 7 January 2020:
• 3 January 2020: I published "What will happen to cryptocurrency in the 2020s"
• 2 January 2020: I published "What happened in crypto over the last decade"
• 1 January 2020: Geat talk from @pmarca 👌
• 31 December 2019: Great decade summary from @fredwilson 👌
• 27 December 2019: Paying attention instead of trying to get attention 👌 good reminder for us all
• 26 December 2019: My guess is that it has something to do with cryptocurrency, letting the crowds directly pay for great journalism more easily, on a global basis (vs the clunky credit card paywalls). Major opportunity for the right group to capture.
• 26 December 2019: High quality journalism has an important role in society, and I admire the great journalists who are soldiering on in an increasingly difficult industry. There is an exciting opportunity to find new business models that will fund great journalism, and reverse the trend.
• 26 December 2019: I wonder how many of those people getting their news from social media are reading articles from traditional media though. These stats don't make it clear.
• 26 December 2019: The transition started probably going all the way back to Craiglist. Traditional media has seen their trust/authority wane, as they've cashed in their points to try and stop the tide (also becoming radicalized in the process).
• 26 December 2019: Every time you read a negative article about social media, consider if the source has a conflict of interest. We wouldn't trust Ford or GM to write an unbiased review of Tesla.
• 26 December 2019: According to The Economist, the share of teenagers who read newspapers fell from 60% to 20% in the last 10 years. 80% of Arabs aged 18-24 get their news from social media (up from 25% in 2015). A third of the planet is under 20 years old.
• 24 December 2019: An inspiring manifesto from Founders Fund about building the future! Worth reading
• 23 December 2019: It's kind of amazing how buggy bluetooth still is after all these years. You'd think there would be a rock solid implementation across various platforms by now. Does anyone know a root cause?
• 21 December 2019: Investing in science and technology leads to progress and optimism about the future
• 20 December 2019: Welcome to the team @astro_wallet!
• 20 December 2019: Reminder about my views on this (from 2015) Software patents should be abolished, but in the dirty game they create, every company is wise to build a portfolio for defensive purposes. I'd rather that was not the case.
• 20 December 2019: Enjoyed this podcast on climate change with @ezraklein and Saul Griffith 👌
• 20 December 2019: Will be great to see new cities launched as experiments to drive innovation 👌 The incumbent cities could really use some competition in this area.
• 20 December 2019: Excited to see the new "Home" experience on Coinbase mobile roll out 👌 You'll be seeing more and more "cards" like these appear over time, with ways for you to use crypto instead of just trading crypto (or hodling). It's time to grow the cryptoeconomy.
• 20 December 2019: Coinbase is now the #1 Tezos baker (validator)! Read more on how to earn staking rewards here:
• 19 December 2019: "The forces that have held the current fiat system together now look fragile and they could unravel in the 2020s. If so, that will start to lead to a backlash against fiat money and demand for alternative currencies, such as gold or crypto could soar."
• 17 December 2019: Thank you!
• 17 December 2019: Here is a slide deck with more info for those who are curious:
• 17 December 2019: We're testing out the thesis that cryptocurrency can help drive economic growth in emerging markets, by creating basic financial infrastructure.
• 17 December 2019: Since launch last year, @joewaltman has done a great job running a number of initial experiments around directly transferring crypto to people in places like Venezuela where the economic system has collapsed.
• 17 December 2019: It's the end of the year, and if you want to make a tax deductible donation that helps people in need, while driving utility of crypto, please consider @givecrypto
• 15 December 2019: Awesome interview with @aantonop "Why We Need Bitcoin". Articulate as always.
• 12 December 2019: Come join Coinbase as our “Head of Stablecoins” to help grow crypto and bring financial services to everyone. We’re at nearly $500 MM and counting for USDC
• 11 December 2019: Cool to see Twitter investing in protocols (not platforms). Protocols are much harder (scaling them, upgrading them, they even slow innovating in some ways) but they have nice properties around fair use, promoting good behavior, and lowering barriers to entry for newcomers.
• 10 December 2019: This kind of data store is important. You can do this today to some extent, such as how Coinbase Wallet let's you store an encrypted backup in Google Drive. Technologies like IPFS could potentially make this even more decentralized and safer.
• 10 December 2019: Protocols not platforms
• 10 December 2019: Most people think we have 5 senses. We actually have even more (9+). Robots have even more - being able to detect infrared light, electrical fields, etc. Lots of science senses!
• 10 December 2019: Taking a look :)
• 9 December 2019: What do you cover at your couples off-site?
• 9 December 2019: The anti-unicorn unicorn
• 9 December 2019: This articulates something really well that I've felt before but didn't have the words for. Where are you seeing examples of people hacking bad tests (instead of doing good work)?
• 6 December 2019: But unclear how long that will be allowed as well.
• 6 December 2019: ...apple pay doesn't support crypto payments yet. So there is no way to comply. How Apple customers are supposed to use DeFi apps is unclear at this point. For now they can manually type in URLs on that tab to access the millions of dollars of crypto they have in these apps.
• 6 December 2019: My understanding is this converges on being an "app store" (they don't allow competition with their app store). And they want to maintain the 30% cut they take on in app payments (which is reasonable), except these defi sites only accept crypto payments, and...
• 6 December 2019: Sadly, this is the Apple app store preventing us from putting reasonable content on this page, confusing to customers. Apple doesn't want iOS users using defi apps it seems, even though these are websites hosted on the open internet.
• 5 December 2019: cc @mattmochary
• 5 December 2019: Excited to see Matt Mochary's book finally come out: I've really enjoyed working with Matt, and have referred a number of people on my team (and other entrepreneurs) to this content as a concise summary of how to build a well run organization.
• 5 December 2019: Useful, at least until we can program our brains, and update some of the very outdated firmware running in the old brain (sugar good! wake me up for every small noise because predator! Instagram! etc)
• 5 December 2019: With noise cancelling and machine learning, we can turn down the volume on the world when it doesn't serve our purpose (my gosh those airplane announcements!) and be able to hear people in loud restaurants (yes I am getting old).
• 5 December 2019: Imagine if Airpods keep getting 10% smaller every year or two. Eventually it will be a hearing aid that you wear 24/7, barely visible.
• 4 December 2019: ....sweet tasting cereal. It would be amazing to see a whole new set of food products come out that aren't filled with high fructose corn syrup. This concept could be applied to thousands of grocery store items.
• 4 December 2019: Magic spoon cereal is kind of innovative. Doesn't spike your blood sugar at all, zero added sugar. High in protein. Yes it is processed food so not sure about that, but it's cool that stuff like this is coming out to help with the obesity epidemic for people who can't kick....
• 3 December 2019: There are some pretty interesting companies changing the world that would be fun to read about.
• 3 December 2019: The NYT business section doesn't seem to cover business very much...
• 3 December 2019: A great cause for end of year 👌
• 1 December 2019: Great article, thx!
• 1 December 2019: This is great, thank you!
• 1 December 2019: What are the key mechanics which made this work?
• 1 December 2019: I still find it amazing that Wikipedia has managed to keep such a consistent and neutral voice, with volunteer editors, across such a wide range of content and articles. Compared to user-generated content most on other internet platforms, this is a very surprising outcome.
• 28 November 2019: Put another way, cryptocurrency will be both a complement and substitute to finance 1.0, but what proportions of each remains to be seen. Would be interesting if someone came up with a way to quantify where various technology revolutions lie on this spectrum.
• 28 November 2019: Similarly, cryptocurrency will enable a new, more open, financial system (the cryptoeconomy) that is largely additive to the traditional financial system that exists today.
• 28 November 2019: Electronic music didn't make people stop playing the piano. Streaming video didn't stop people from going to theaters. Email didn't replace the thoughtfulness of a hand written letter. Technology is often additive (not just disruptive).
• 27 November 2019: Digital jurisdictions is a cool way to think of this. The new Delaware C Corp is closer than we think.
• 26 November 2019: Better late than never! :) Thank you @Sid_Coelho for following up, and @evan_van_ness for Week in Ethereum! P.S. Toshi is now Coinbase Wallet
• 24 November 2019: A great update from @VitalikButerin on the state of cryptocurrency research:
• 21 November 2019:
• 13 November 2019: Important hiring note! Coinbase (and crypto) is mobile first— and we’re looking for iOS, Android, and React Native engineers to expand our product for the next billion users. If you’re interested in coming to work on mobile at Coinbase, apply here: !
• 8 November 2019: One other benefit I forgot. Crypto native startups are inherently global from day one. Venmo, Robinhood, Square Cash, etc are all only available in the U.S. Intl expansion is really expensive and time consuming using the traditional financial system.
• 8 November 2019: Prediction (credit to @balajis on this): within 5 years more than 50% of all YCombinator startups will have a crypto component.
• 8 November 2019: Of course, this is true of any new area. If you want to learn how to be on the forefront, I think every entrepreneur should learn about how to create a crypto native startup.
• 8 November 2019: A crypto native startup will have other advantages to it as well - it can improve access to fundraising for instance, can accept payments globally from day one etc. But there are some drawbacks as well - this is still all very new, and the tools aren't plug and play yet.
• 8 November 2019: But imagine if the early drivers on Uber, or the early home owners on Airbnb, had gotten some interest in the company. It would have been a lot easier to build those marketplaces, and network effects.
• 8 November 2019: Note: yes, there is a big area of legal clarity here about whether each startup is creating a utility token, or a security token. I suspect this will be discussed in the class. It's an important area to get right.
• 8 November 2019: Similar to how early employees in startups get stock options (and this is a huge part of what aligns everyone's interests and makes startups successful), imagine if all the early customers also got something similar.
• 8 November 2019: Crypto has the potential to solve some of the biggest challenges of launching a company today. In particular, it can help startups turn their early customers into evangelists by issuing them utility tokens. Getting an early critical mass of people to join your product is tough!
• 8 November 2019: As one data point Coinbase Ventures has now invested in more than 60 crypto startups. If you want to build a company today, it is probably worth learning about how to do it in a crypto native way.
• 8 November 2019: Excited to see this from @a16z! When the internet first launched, people started creating "dot com" startups and eventually almost every startup had an internet component. We're now seeing the rise of "crypto startups". Eventually most startups will have a crypto component.
• 3 November 2019: It's easier to criticize than to build solutions, but the latter can leave you much more fulfilled when it works.
• 3 November 2019: ....but it's often more effective to go try and build the solution. Organize a team, or join a team, that is trying to build a solution. Even if you fail, you will learn something that helps get you one step closer to the solution.
• 3 November 2019: Most people don't believe they can change the world around them. Life is happening to them, they are victims. For those who feel they can, they often take suboptimal paths to create real change. They might write a post, give a speech, or protest in a march. That is fine....
• 3 November 2019: ...supplied by SpaceX rockets. The scale of the ambition is impressive. The lesson I think is that you can have any vision of the future you want, and take steps to make it a reality.
• 3 November 2019: Elon's vision of the future is coming together through his various companies Each helps the other....Tesla cars on Mars, traveling through Boring company tunnels, powered by SolarCity panels, sending coms back to earth via StarLink and NeuraLink
• 1 November 2019: Coinbase is really a portfolio of different products that are helping make the cryptoeconomy a reality. We use a 70/20/10 resource allocation model to strike the right balance between focusing on the core, and investing in the future
• 1 November 2019: "Coinbase is a product led company" This is an internal document that I decided to post publicly, to show people an example of how we operate. Important to create clarity as the company keeps scaling (now at about 800 employees).
• 1 November 2019: I read an in print newspaper almost every morning! 😁
• 1 November 2019: We trust the news to be objective, but imagine how difficult that is when this is happening to your industry.
• 31 October 2019: I read an early copy of @bhorowitz's new book about company cultures, and thought it was great! Check it out:
• 31 October 2019: Here's a post from our team on how far Bitcoin has come. Still feels like just the beginning.
• 31 October 2019: I new it would be a decade plus journey. I couldn't predict exactly how it would play out, but I new it would be a wild ride, filled with many opportunities to learn.
• 31 October 2019: That inspired me to build Coinbase—I wanted to make it easy and trusted for anyone in the world to own Bitcoin, so we could see the potential of this new technology.
• 31 October 2019: Back in 2010 I read the Bitcoin white paper for the first time - perusing Hacker News one day. It immediately captured my attention. I felt like it could be the most significant idea I'd encountered since the internet.
• 28 October 2019: Should publish it as a book at some point!
• 26 October 2019: This is a great read. Inspiring
• 25 October 2019: Kicking off a YouTube #AMA today @ 3:30 pm PT about the intersection between crypto and traditional finance, with @sammcingvale, CEO of @coinbasecustody. if you haven’t yet, subscribe to our YouTube channel and reply to this tweet with your questions 🙏
• 25 October 2019: The race is on:
• 24 October 2019: This is really smart congrats @zoink and the @figmadesign team. We are happy customers!
• 24 October 2019: This is quite creative! (and scary)
• 23 October 2019: "the anti-unicorn unicorn" Coinbase is profitable and helping build an open financial system for the world. Thanks for having me @VanityFair 🙏
• 23 October 2019: Hadn't heard of this before. Good reminder that pulling insights from data is tricky - you can wind up pulling the opposite message if you aren't careful.
• 22 October 2019: 2/ For inspiration, check out this Fireside chat I did with Fred Wilson on Building the Cryptoeconomy: Looking forward to your questions. Just reply the first tweet.
• 22 October 2019: 1/ Heads up. I’m getting ready to host my next YouTube #AMA on Friday, October 25 @ 3:30 pm PT / 6:30 pm ET. I want to hear your questions about how crypto could improve on traditional finance.
• 22 October 2019: Got a note from someone building their Halloween costume, they are going as a functioning Bitcoin ATM and had some feedback on our API 👀
• 22 October 2019: So excited this is live! Delivered to employees globally today. Great way to drive alignment. Thank you you the team who brought this together 🙏
• 19 October 2019: Every company operating in one of those mediums has responsibility to prevent abuse - but if you watch his talk, it gives a sense of how challenging that problem is. Easy to criticize, difficult to solve in practice.
• 19 October 2019: Facebook is not going to solve all of humanities differences - it is just a new communication medium, holding a mirror up to ourselves - we don't always like what we see. We don't blame radio, television, or newspapers when people share contrarian or untrue views.
• 19 October 2019: Zuck's speech makes some great points. People are upset with Facebook because it has given a voice to people they disagree with. But this is nothing new - so did the printing press and the town square, and these have been net good for society.
• 19 October 2019: Wow, well said.
• 17 October 2019: FWIW, my ideal list of properties in a cryptocurrency: sufficiently decentralized, scalable, privacy, energy efficient, great developer platform & tools. Doesn't exist quite yet today (engineering is about trade offs) but feels like we're getting closer every year.
• 17 October 2019: Of course, USD Coin doesn't have all the ideal properties we would want in a more decentralized cryptocurrency, but I see it as a stepping stone. The world doesn't change overnight, requires lots of gradual steps.
• 17 October 2019: This is pretty incredible: first country to start accepting tax payments in a cryptocurrency (USD Coin) that I can think of. Which countries will be added to the list next?
• 16 October 2019: Continuing to iterate on making crypto an easy way to pay online. A LONG way still to go, but we're moving the ball forward one yard every day. We have big aspirations here.
• 15 October 2019: Was great to have @lloydblankfein (Goldman Sachs CEO 2006-2018) stop by the @coinbase office in New York this morning. Appreciate you sharing some great lessons with myself and the team!
• 15 October 2019: I love that you take this as a badge of honor (as you should)! :) I do not think your #1 status is assured in this department however
• 15 October 2019: One of my favorite things about @fredwilson is that he is an independent thinker, and doesn't get caught up in the latest news cycle. Allowed him to see the potential early on in Bitcoin, the internet, and more.
• 15 October 2019: "One of the powerful things about being in the venture capital business is that we can support projects that are necessary but unproven, unpopular, and/or misunderstood."
• 15 October 2019: Want to run Stripe for crypto? We're looking for a product leader who is ready to take Coinbase Commerce to the next level. Currently growing ~30% m/m.
• 14 October 2019: Important milestone for Libra 👌
• 14 October 2019: One more: * attends majority of board meetings in person (missing one a year I think is ok)
• 14 October 2019: Qualities of a great board member: * high insight to distraction ratio * understands the line between directing and operating, mindful of how their words can impact * knows their strengths and weaknesses, opines on strengths * reads material in advance * uses the product!
• 13 October 2019: Start working on longevity 😁
• 13 October 2019: Do we want to have a centrally planned economy, or let 1,000 ideas be tried in a free market to see which ones break through and deliver real value? Breakthroughs are by definition contrarian ideas, otherwise they would have already have been tried.
• 13 October 2019: Doesn't matter what you think of Libra. If it's not a useful tool or innovation, people won't use it. Why the need for the intimidation tactics? This would be called anti-competitive/monopolistic behavior if any private company did it.
• 13 October 2019: Something feels very un-american about this. Two senators writing to Visa, Mastercard, and Stripe to ask them to withdraw from Libra.
• 10 October 2019: Great reminder that people should think long term on tech IPOs. This is from the year 2000:
• 10 October 2019: Excited to see the @CoinbasePro mobile app launch in the Apple app store today! Happy trading.
• 6 October 2019: I think the idea of having something like Dropbox or backups to copy your files to the cloud will seem old fashioned at some point. There is no need to run Dropbox on your phone, because everything is cloud native. Should be the same for laptops.
• 6 October 2019: There are a few other usability quirks that still need to be worked out. But the potential is there.
• 6 October 2019: Not everything is better in ChromeOS of course. The hardware still lags Apple in build quality. And I wish Google Drive supported encrypted folders/drives that were only decrypted client side.
• 6 October 2019: Kind of amazing that Windows has 87% market share since I know only maybe 2 people in the world who use it. Good reminder that there is are totally different norms around how people use computers most places in the world.
• 6 October 2019: ChromeOS (and Chromebooks) continue to get better with each software update. Contrarian prediction: they will grow to 10% market share in 5 years, following a similar path to Chrome browser Simple, fast, no bloat, most important data in the cloud.
• 6 October 2019: Great profile on @coinbase board member @katie_haun. Has been great working with you!
• 6 October 2019: I've been reading/learning about the science of genetic engineering over the past year. Finally, wrote up some of my thoughts here:
• 4 October 2019: Especially if there aren't technologists who deeply understand this ethos in government. (China has a history of putting technologists in office much more than the U.S., even if they don't share our other values.)
• 4 October 2019: The best first step is often just to stay out of the way. Innovation often looks counter-intuitive and disruptive. Government is prone to being co-opted by special interests/incumbents that will play on fears and try to block innovation here.
• 4 October 2019: The way for countries to remain relevant over the long term and continue to have high economic growth is to invest in science, technology, and innovation. If the government can help here, even better. But first it needs to do no harm.
• 4 October 2019: Now that China is looking into creating a stablecoin, I wonder if the U.S. will reconsider it's ridiculous response to Libra. There are many cryptocurrencies, and Libra is just one of them. But the way the U.S. government reacted it's like they almost want to be left behind.
• 3 October 2019: Of course! :)
• 3 October 2019: Trying out some crypto commerce at the @coinbase Portland office this morning 👌😁 Let's keep improving crypto #Usability #UX
• 2 October 2019: Excited people can start earning rewards on USDC balances: USD Coin is the second largest stablecoin (and growing). Nice to earn a little bit when you need to hold fiat for trading or spending.
• 2 October 2019: Pretty cool! USD Coin (second largest stablecoin and growing) now offers 1.25% interest just to park your cash there. Hold some fiat (as part of trading, or to spend) without leaving the cryptoeconomy.
• 2 October 2019: Very impressed with what the team is doing to make token issuance easier and DAOs happen. Great usability in the app. And cool idea modularizing the various functions.
• 2 October 2019: Tough to catch a break right now if you're big tech (even for good deeds). When the government doesn't understand a sector, they can be co-opted by incumbents vs actually improving a market.
• 2 October 2019: Google proposes encrypting DNS traffic to prevent ISPs from spying on and reselling customer data, and the House Judiciary Committee reflexively assumed Google was up to no good and went after the wrong person
• 30 September 2019: Excited we were able to generate buy in here for some forward progress. Hopefully this helps create a business friendly environment, with a level playing field for every company, that is safe for customers.
• 30 September 2019: Countries that seek to restrict this area of innovation will look like financial backwaters in a decade, as a greater % of the economy moves online, using internet native payments. Or worse, they'll look oppressive, like China filtering the internet.
• 30 September 2019: It may look like a small thing today, but it will be a huge source of economic growth, and job creation, in the decade to come.
• 30 September 2019: Also, demonstrates our commitment to creating a safe/trusted/regulated industry in this space, which I think is important for adoption. The U.S. (and every country really) should be striving to be the center of crypto innovation. This is what the internet was in 1995.
• 30 September 2019: Great to see the crypto industry come together to create clarity about which crypto assets are securities and which are not. This is a complex topic with many factors, so a rating system really helps here.
• 30 September 2019: Combine the latest developments in VR And latest developments in graphics And it looks likethe simulation is getting closer.
• 26 September 2019: Much appreciation to the entire team @Coinbase. A ton of hard work in Q3, and I’m energized about finishing the year strong. We hired over 100 people this quarter and have many more roles to fill. Check out our openings here.
• 26 September 2019: Then we saw demos from a number of product and eng managers who shared what we shipped in Q3 in line with this strategy.
• 26 September 2019: Then I talked about our Mission: to create an open financial system for the world. There's more awareness than ever about the limitations of the current financial system.
• 26 September 2019: Economic freedom has only improved 3% worldwide in the last ~25 years. I think crypto (and @Coinbase) can bend the shape of this curve up and to the right.
• 26 September 2019: Our Vision is to create more economic freedom for every person and business. Economic Freedom is something organizations study, and measure for each country. Here’s a slide I shared about that today. (Will be interesting to see if Hong Kong changes once 2019 data comes out.)
• 26 September 2019: Sharing a few slides from my presentation here. We always start with how our Vision, Mission, and Strategy fit together.
• 26 September 2019: Today, at @Coinbase we had our global quarterly All Hands. It’s a great time to talk about our Vision, Mission, and Strategy, celebrate team wins, and share lessons learned.
• 26 September 2019: People I work closely with know I'm a member of The Church Of Strong Civility (communication style) But beware: to be adaptable to all speaking styles, I've been practicing my interruptions! (mostly outside of Coinbase)
• 26 September 2019: One person's (biased) opinion: if you want to learn more about cryptocurrency or some day launch your own product or startup, we're a good place to accelerate your career.
• 26 September 2019: Fun fact: 12% of our product and engineering organization came in via acquisitions. We've built a fairly entrepreneurial culture at Coinbase, which has helped us launch a number of successful products.
• 25 September 2019: Libra is one of several important crypto projects on the horizon with the potential to improve the world. Whether it works or not still remains to be seen, but I find the backlash to it a bit odd and misguided. @davidmarcus makes a reasonable case here:
• 23 September 2019: Nope will check it out!
• 23 September 2019: Glad to see more attention coming to this @bgurley 🙏 My hope and goal is for crypto to help build a more open financial system which will improve this over time.
• 23 September 2019: Some interesting sci-fi short stories I've read recently: Understand by Ted Chiang The Gentle Seduction by Marc Stiegler This Quora answer: Enjoy!
• 18 September 2019: Maybe some wineries also? Especially in France/Spain etc.
• 10 September 2019: Welcome to the team @danyoo! Look forward to working with you as we continue to grow the #cryptoeconomy.
• 6 September 2019: Congrats @WhiteAdamL on the launch!
• 6 September 2019: Great charts from Coinmetrics, showing crypto industry growth. For instance, the number of addresses holding at least 10 Bitcoins recently hit an all-time high.
• 5 September 2019: Also, excited to see how much bigger this hair from the amazing @wences can get. Long!
• 5 September 2019: Ok shout out to @reidhoffman on this epic rap battle :) Good summary of the debate!
• 3 September 2019: Awesome to see cryptocurrency classes making there way into the leading universities of the world. If you want to predict the future, look at what young people are interested in today!
• 1 September 2019: Oh, and what you produce will almost always fall embarrassingly short of your ambition. Embrace it, and ship anyway, continuing to make improvements along the way where you can. "Great artists ship"
• 1 September 2019: You need to stay sane and have a life outside of work (and breakthroughs often come from play - so indulge some intellectual curiosities), but major impact comes from focused effort over many decades toward a big vision. Don't just be an armchair philosopher or critic.
• 1 September 2019: It's easy to get distracted by the latest hot thing...self driving cars, genetic engineering, cryptocurrency! Pick one you're passionate about and buckle down for the long term.
• 1 September 2019: It's easy to bounce from one new idea to the next, exploring your intellectual curiosity. But having an impact requires a decade of moving the ball forward one yard every day, sometimes in a very mundane way, through multi-year ups and downs.
• 16 August 2019: Trusted/safe infrastructure for institutions is just one small step on the journey to building the #cryptoeconomy.
• 16 August 2019: Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it's safe to say we now know the answer. We're seeing $200-400M a week in new crypto deposits come in from institutional customers.
• 16 August 2019: Coinbase Custody is now the #1 crypto custodian for institutions! Excited to carry on the torch with Xapo's institutional business, one of the great early crypto companies.
• 31 July 2019: Or here is a link directly to the YouTube video...
• 31 July 2019: Check out this talk I gave about the Coinbase Mission, Vision, and Strategy We're working to change the economic freedom of the world by building the cryptoeconomy. We're at a rare moment in history where technology has made this possible.
• 12 July 2019: Foresight
• 12 July 2019: Bitcoin is inherently global just like the internet, so it doesn't mind where the value is captured. Huge opportunity for those with the forsight to recognize it.
• 12 July 2019: The U.S. could lead the world in that transition, and unlock tons of economic growth (just like the U.S. benefitted massively from major internet companies being built here) or another country could beat us there and build the next financial center outside of NY.
• 12 July 2019: Of course, the president of every country we should expect to talk their own book! That's their job. But currencies that are controlled by one country are always going to be at a disadvantage vs trans-national currencies.
• 12 July 2019: Some more thoughts on this. This is the common first reaction of most people when they learn about Bitcoin (yes Bitcoin Bitcoin Bitcoin) and cryptocurrency generally. It means they have begun down the path toward learning more...so it's a good sign.
• 12 July 2019: Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago. "First they ignore you, then they laugh at you, then they fight you, then you win”. We just made it to step 3 y'all.
• 10 July 2019: Another example:
• 3 July 2019: Technology is the most effective way to improve freedom for the average person around the world.
• 3 July 2019: Will be exciting to see how technology continues to push the boundaries here. Projects like StarLink, Google Loon, etc can start to offer unfiltered internet over countries like China/North Korea. VPNs could also become much easier to use (free, baked into the OS, always on).
• 3 July 2019: For all China's strengths, censorship is probably one of the biggest areas holding them back. Perhaps I'm naive, but I think people are smart/resourceful, can sense when they are being misled, and will eventually find a way.
• 3 July 2019: Pretty crazy to imagine having zero access to any of these. Easy to forget that this is the norm for 1.3B billion people. Many of them probably have zero interest in these sites, but then why do they need to be blocked?
• 1 July 2019: 58% of Americans now say they have heard of Bitcoin. (btw, we are increasingly focused on expansion outside the U.S. as well)
• 29 May 2019: Interesting that the crypto market is following a totally different pattern in LatAm (source data from LocalBitcoins) - there was no winter.
• 20 May 2019: Our staking infrastructure is off to a good start 👌
• 4 April 2019: Working with NYDFS on this every week. As fast as we can.
• 4 April 2019: I successfully passed the turing test! Thank you 😀🙏
• 4 April 2019: I did a live AMA yesterday answering people's questions on Twitter/YouTube Let me know what you think. Maybe next time can add someone else from the Coinbase team, make it more conversational. Or just walk around the office and chat with folks!
• 2 April 2019: Building a great support group around you also helps give incredible leverage (exec assistant, chief of staff, etc). Reducing every other source of stress in life to the extent possible (commute, what to wear). And get really good at maximizing periods of rest (this is a skill).
• 2 April 2019: Building a peer group is a good idea also. I've been meeting with a group of 5-10 other founders about once a month (in various forms) for the last ~4 years. Have built some amazing friendships.
• 2 April 2019: Lots of components here, including health (sleep, nutrition, meditation, etc), exec coaching (polite word for therapy), learning how to deal with conflict (conscious leadership training), self talk/goal setting, and a bunch of individual tactics (calendar audits, delegation, etc)
• 2 April 2019: This is something I could probably write more about at some point (longer post): "how to make running a company sustainable". I hope to be doing this for decades, and keep getting better at this as the years go by (I think).
• 2 April 2019: Then more entrepreneurs/operators could keep doing what they love, and not be stressed by it.
• 2 April 2019: Who am i to criticize people for burning out and wanting to take a break? Makes sense. And if it's not what they love doing, they should do other stuff. I think the real solution is to make hard work sustainable (building companies is a marathon not a sprint).
• 2 April 2019: For many experienced execs, everything they earn at this stage is going to taxes or charity. There is really amazing wealth creation across all SV - even for the 30 year olds - we should appreciate how much of a golden age we're in.
• 2 April 2019: Leads to a real scarcity of operators who have 10-20 years experience. The good ones are all rich enough to not need to work, but decide to keep working because they (1) have found a way to make work sustainable (2) are moving up Maslow's hierarchy of needs.
• 2 April 2019: There are others who do it because they are burned out from their first company, and just want to relax while staying in the information flow (have coffee with interesting people).
• 2 April 2019: Btw, I don't mean to imply that all VC is retirement. There are some amazing VCs out there for whom it is their calling in life, and they work their asses off (even if they are rich). Hats off.
• 2 April 2019: I mean, I sort of get it - running a company is stressful. You have to be sort of a lunatic to sign up and do another one, after making a good chunk of change. It just sucks to see people with talent who are really at the start of their career hanging up their spurs.
• 2 April 2019: I feel like there are way too many investors vs builders in Silicon Valley. I know a lot of entrepreneurs who did a small exit, are 30 years old, then went out and raised a fund and are full time VCs now (but really, kind of retired....at 30 years old).
• 30 March 2019: Would like to be very data driven and not assume anything about impact j til we see evidence. Still very much an experiment. Follow @givecrypto for more updates. 🙏
• 30 March 2019: We need to find a scalable way to get evidence of impact, and try to measure fraud. @joewaltman and team have gotten some good advice from the awesome folks at @GiveWell
• 30 March 2019: The intermittent power outages we did not anticipate. Crypto still needs internet and electricity to function, although there are some potential relay type solutions in low connectivity environments that we could try in the future.
• 30 March 2019: Getting a store set up that accepts crypto in close proximity to recipients seems to help. Also, we had to build a new version of @CoinbaseWallet that runs on Android 4.x since 75%+ of recipients in Venezuela are still running this version of Android from 2012.
• 30 March 2019: Some footage here of our early experiments sending crypto to Venezuela. A long ways to go still, but starting to gather some data. Thank you to everyone who donated to make it possible.
• 27 February 2019: Science and engineering is "real magic", and drives down costs over time.
• 27 February 2019: At the 1862 World's Fair "The manufacture of ice by an early refrigerator caused a sensation" … Egyptian Pharaohs couldn't get a cup of ice water with all the wealth in the world. Now it's so cheap they put it in your water whether you ask for it or not.
• 23 February 2019: Audited financial statements is a good start. That is what we do.
• 21 February 2019: While this story isn't perfect, it does seem plausible. I do want to emphasize that these are our best guesses based on the available data. As the case unfolds we might find out we were incorrect.
• 21 February 2019: So maybe after about a month of debate [Dec - Jan], management decided to cut losses and release a statement claiming that access to money was lost with CEO's death?
• 21 February 2019: Gerald Cotten reportedly died in early December 2018. But complaints about withdrawal issues on Quadriga escalated in mid 2018.
• 21 February 2019: This implies that at least few people inside Qadriga knew that they were running fractional. If so, then it's possible that untimely death of their CEO was used as an outlet to let the company sink.
• 21 February 2019: 6. Sequence of events suggests this was a mismanagement with later attempt to cover for it.
• 21 February 2019: 5. Liquidity dried out and bear market of 2018 may have caught up with them;
• 21 February 2019: 4. Patterns of sends from cold storage suggest they tried keeping exchange afloat, and maybe attempted to trade their way out of a hole; (again just a guess here)
• 21 February 2019: 3. They suffered a multimillion dollar bug in June 2017 (before things went vertical). This is when we start to see movement of funds to "cold storages";
• 21 February 2019: 2. QCX was one of the oldest exchanges in existence (founded in 2013). If they planned an exit scam, it likely would have been timed better;
• 21 February 2019: 1. We identified clusters that look like QCX's "cold storage", were controlled by a human (manually), and balances were moved out by early 2018;
• 21 February 2019: Wanted to share a summary of what we believe happened to QuadrigaCX. We did our own internal research, including some blockchain analytics, to see if we could help. Important to note that this is just our best guess. Take it as pure speculation, nothing more.
• 20 February 2019: Welcome to the Neutrino team!
• 23 January 2019: Which company working on wifi access points powered by crypto has the best shot?
• 23 January 2019: I tried reading the comments on twitter and it turned out to be useful (for once)! Glad to see so many teams working on this! 🙏 Which do you think has the best shot? (poll in next tweet)
• 3 January 2019: 14/ Every day, I see more talented people coming in to the space, and I’ve never had more conviction about crypto and what it holds for the future. Happy 10th anniversary Bitcoin!
• 3 January 2019: 13/ I believe we’re still at the beginning. The white paper signaled the start of a movement and the full promise of Bitcoin is still yet to be realized.
• 3 January 2019: 12/ To the extent I was critical of people working on any part of Bitcoin or crypto in the past, I apologize. My hope is that we see this technology succeed in the world, and my hat is off to anyone working to make that happen.
• 3 January 2019: 11/ Bitcoin remains the most popular asset on Coinbase among new customers and longtime hodlers alike. It's great to see steady progress continue, including lightning network adoption and more.
• 3 January 2019: 10/ Bitcoin is one of the most important inventions of all time and has launched a global movement. It's awesome to see an entire ecosystem spring up around it, but Bitcoin is my first love.
• 3 January 2019: 9/ I happened to see the word 'coinbase' in the Bitcoin Wiki (it is a part of the Bitcoin protocol) and liked it. I purchased the domain a few days later for ~$1,800. Millions of customers later here we are.
• 3 January 2019: 8/ The project was initially called BitBank (I liked how it alliterated - like Paypal, or CocaCola) but the lawyers told me not to use the word 'Bank' in the name. So I started brainstorming new names.
• 3 January 2019: 7/ This took ~3 months but helped me understand the protocol one level deeper. I applied to YCombinator with my idea and prototype, and their initial investment helped convince me start working on it full time!
• 3 January 2019: 6/ It helped me start learning about Bitcoin, but it was still too difficult to use (and buggy!). So I started working on a hosted wallet that I thought could reach more people, including writing a custom Bitcoin node in Ruby (my C++ wasn't good enough).
• 3 January 2019: 5/ So I started tinkering on nights and weekends on various projects. The first part was a simple Bitcoin wallet for android
• 3 January 2019: 4/ Most of my friends thought Bitcoin sounded pretty crazy, but something in my gut told me it was important. I wanted to do something to help make this technology easier to use and see if it could get wider adoption.
• 3 January 2019: 3/ I got excited by the prospect of another global decentralized protocol (like the internet) that could create a more open financial system for the world. I had a hope that it could create more economic freedom
• 3 January 2019: 2/ I read the Satoshi Nakamoto white paper for the first time in 2010, after seeing the link on Hacker News while I was home for Christmas I couldn’t stop thinking about it for the next 6 months and re-read it a number of times.
• 3 January 2019: 1/ Today is a big day for Bitcoin, as it marks 10 years since the Genesis Block. Some people think I don’t like to talk about Bitcoin (😀), but today I have a few words to say
• 24 August 2018: This is driving a lot of smart engineers to focus on this opportunity--because it can fundamentally change the way we interact with many of the online services we use today.
• 24 August 2018: It also gives us a peek into the other ways that ownership of things like your online identity or content is going to transform over the next few years.
• 24 August 2018: The magic of bitcoin is that when you send one, you can’t keep it too. That obviously changes what it means to own things on the internet (“my bitcoins” feels really different than “my iTunes songs”).
• 24 August 2018: When you download music or read a news article, the publishers don’t lose their copy, and when you send an email, the sender and recipient both now have a copy.
• 24 August 2018: With Satoshi Nakamoto’s white paper, Bitcoin ushered in a new way to prove that you own something--using a blockchain--and created the first digital objects that can’t be copied.
• 24 August 2018: The internet now has a native currency, and since the internet is global, the world now has a global currency. If you have an internet connection you can participate in the global economy. You're no longer constrained to local market.
• 24 August 2018: Web 1.0 was about publishing - anyone can write and have global distribution. Web 2.0 was about interaction - connect with others, collaborate in real time, data. Web 3.0 is about value transfer - money can now be programmed and embedded in any app.
• 15 August 2018: On it :)
• 20 July 2018: Facebook banned ads for crypto earlier this year. Proud to say we've now been whitelisted and are back introducing more people to an open financial system 👌
• 19 June 2018: 10/ Together we can stay focused on the long term, and shift the world toward an open financial system. Cheers!
• 19 June 2018: 9/ You'll hear me continue repeating this message periodically. I want to teach the org how to think about it, and have you share the these same ideas with candidates who are thinking about joining.
• 19 June 2018: 8/ We'll win in the long term by listening to our customers, and building what they want, just like any great company.
• 19 June 2018: 7/ I want to encourage you all to ignore the price of crypto and the headlines which will inevitably start to come up. Our job is to rise above that, finding our own intrinsic source of motivation, to come in and do our best work, regardless of what other people think.
• 19 June 2018: 6/ We use the down cycles to build a strong foundation so we can thrive in the next growth cycle.
• 19 June 2018: 5/ After many years of this, I've come to enjoy the down cycles in crypto prices more. It gets rid of the people who are in it for the wrong reasons, and it gives us an opportunity to keep making progress while everyone else gets distracted.
• 19 June 2018: 4/ When there is hype, people are irrationally exuberant. When there is despair, people are irrationally pessimistic. Neither is true. Reality is always somewhere in the middle, more correlated with real usage (transactions per day) than the price.
• 19 June 2018: 3/ The crypto industry is like no other I've seen - lots of up and down cycles (reaching a new plateau each time). There have been 3 or 4 of these now. It can be scary the first time you see it, but to us who have been in the industry for many years, it feels like old news.
• 19 June 2018: 2/ Hey team, many of you are new, so I wanted to share a bit about the price of crypto.
• 19 June 2018: 1/ Shared the following message with the team @coinbase today...
• 13 June 2018: Should have said an easy way. Didn't like the hyperbole on second read 🤐
• 13 June 2018: Investing in Coinbase Index Fund is the easiest way to get exposure to a broad range get of crypto assets. Much cheaper than 2 and 20% charged by most crypto hedge funds, and you get new assets automatically added to the fund as they become available on Coinbase. No rebalancing.
• 8 May 2018: I just published “How we make decisions at Coinbase”
• 6 April 2018: The cryptocurrency ecosystem is evolving rapidly (some would say a Cambrian explosion) and we're going to continue investing in an open financial system for the world! Excited to be working with such a talented exec like @emiliemc (follow her for more updates)
• 5 April 2018: Loved this sentence in this mornings WSJ. So many fancy words to basically say we're all making this up 🙌 Going to see if I can sneak the phrase "opening gambits" into a meeting today.
• 10 March 2018: Send us a note:
• 10 March 2018: What it's like working at Coinbase
• 7 March 2018: With Coinbase Index Fund, our goal is to give people broad exposure to this asset class (without hefty management fees), and create the S&P 500 index equivalent to track the industry overall.
• 1 March 2018: Native ERC20 and ERC721 support on @toshi is here. We're continuing to improve the state of Dapp browsers and ETH wallets on mobile, as the Dapp ecosystem continues to grow. Search "Toshi" in the app stores to install on your phone.
• 17 February 2018: Glad to see the record set straight on this. It was tough to see people jump to conclusions here and assume the worst from Coinbase. We'll have to do a better job getting ahead of issues like this in the future.
• 12 January 2018: Coinbase is working on batching transactions, SegWit, and a number of other strategies to improve transaction backlog. Thx for bearing with us!
• 7 January 2018: ...them ownership of an asset, and helping spark a local crypto economy.
• 7 January 2018: Similar for Charities like @Give_Directly. I'd be more inclined to send them crypto if I knew they were giving crypto to people in need. An asset that fluctuates a lot would prob be less useful in the short term for recipients, but would presumably grow over time, giving...
• 7 January 2018: Otherwise someone is going to miss out on future upside, so you get fewer donations. I wonder about the recent amazing donations done by pineapple fund, how many of those Charities are cashing it out versus holding it.
• 7 January 2018: I wish there was a way to donate cryptocurrency to charities, while knowing that they were going to keep the cryptocurrency and not sell it. Even if they spent the cryptocurrency by sending it to other people, but not selling it, that would be fine.
• 2 January 2018: Five years from now, people will still be asking what the legitimate use cases are for crypto, there will just be more and more items listed after the word "except..."
• 2 January 2018: My bet is that will be one of the big early use cases for crypto. The other will be providing financial services to people who don't have it (emerging markets). Crowdfunding is the last one we've already seen take off and enter bubble phases.
• 2 January 2018: I think most or many user generated content apps on the web today (stack overflow, YouTube, Facebook, Reddit, quora, github etc) will all get rebuilt on the decentralized web and every upvote/like/star/follower/etc will send real money to the creator of the content
• 2 January 2018: Leeroy (decentralized Twitter where you earn money for each 'heart') is really well done. Excited to see the usability of dapps keep getting better in 2018. Install @toshi on mobile to try it. Still early but you can see the potential
• 20 December 2017: I just published “Our employee trading policy at Coinbase”
• 19 December 2017: Also, I'm generally of the view that people need to take responsibility for their own investment decisions. Getting burned can be an important educational experience. But we'll probably see some lawsuits emerge as well, and let the courts decide where blame lies.
• 19 December 2017: The ICO thing has gotten beyond reckless. Not going to be pretty when it corrects. The irony is that there is something really new and useful in ICOs, may just be a while before we see things come back to reality.
• 19 December 2017: 3/ It's going to be even more embarrassing if you never ship.
• 19 December 2017: 2/ Corollary: you're going to be embarrassed by your first release no matter how long you wait, because the first versions of most products suck, and expectations just get higher the longer you wait.
• 19 December 2017: 1/ In 2018 we get to see which crypto projects actually ship now that they have all this money. Common advice in SV but worth repeating: if you aren't embarrassed by your first release, you waited too long.
• 7 December 2017:
• 3 December 2017: Let's get this on @toshi !
• 30 November 2017: Pleased to report a partial victory for Coinbase over the IRS subpoena from nearly a year ago. We narrowed the scope of the government's request by 97% - a win for customer privacy.
• 25 November 2017: Really any digital currency protocol. But that one seems the most important still (by market cap, brand awareness, etc) so yes :)
• 25 November 2017: We have 1 engineer full time on open source at Coinbase right now, but we'd ideally have ~5 more. Totally undirected - you can work on any digital currency protocol you'd like. You do have to pass our engineering interview though. Please send us a note!
• 25 November 2017: Great write up on the Segwit2X codebase challenges Testing, reviewing, and modifying this codebase is certainly no easy task. Thankful to those who are working on it.
• 25 October 2017: A voice of reason - we don't have a dog in this fight, we're letting the community decide
• 25 October 2017: At this point, I'll try just about anything to see if the community can reach consensus. ¯_(ツ)_/¯
• 25 October 2017: Also: communicating intentions turns out to be hard! Thank you for bearing with us 😄
• 25 October 2017: High level thought is that the market should decide (not us) - so our attempt is to remain as neutral as possible here.
• 25 October 2017: Determining when the chains are "stable" is a judgement call. Market cap, community support, etc would all factor in.
• 25 October 2017: Apologies our initial post was not as clear as it could have been about what happens after the fork.
• 25 October 2017: Clarifying: we'll call the chain with the most accumulated difficulty bitcoin. Important for us to remain neutral and let the market decide.
• 13 October 2017: Woot! One of the biggest pieces of feedback we get on Coinbase is "why does it take so long!". Rolling out instant buys 👏
• 19 September 2017: 17/ Topic for another time. Fin.
• 19 September 2017: 16/ Creating more optimism in the world (something we have more of in SV and tech) is something i'm interested in solutions for.
• 19 September 2017: 15/ "Never wrestle with a pig, you both get dirty and the pig likes it".
• 19 September 2017: 14/ Last one #6, don't argue with people on the internet. Great quote that stuck with me....
• 19 September 2017: 13/ watch your attention and mental energy closely, notice what affects it, learn to guard it as (perhaps) your most precious resource
• 19 September 2017: 12/ developing the skillset of mental toughness seems to be critical to success, given how much negativity is out there
• 19 September 2017: 11/ Tim Ferriss (who gets lots of hate also) has some good thoughts on this
• 19 September 2017: 10/ #5 do appreciation exercises when you get sad :)
• 19 September 2017: 9/ ex: friend Rose who started @HandUp (public benefit corporation lets you give directly to homeless people), lots of hate for it online
• 19 September 2017: 8/ Musk, Chan/Zuckerberg donating to charity, Google...even things which are seemingly uncontroversial, which always surprises me
• 19 September 2017: 7/ 4# realize that most people doing something interesting for the world receive lots of hate for it
• 19 September 2017: 6/ too easy to get triggered and derail your thinking or let people rob your mental energy
• 19 September 2017: 5/ #3 never read comments/emails/etc while laying in bed, especially in morning before doing morning routine and getting blood sugar up
• 19 September 2017: 4/ #2 turn off notifications on your phone for all social media apps where people you don't know personally can put something on your screen
• 19 September 2017: 3/ #1 read fewer comments on the internet, for HackerNews, Reddit, Twitter, etc good rule of thumb is click the links, skip the comments
• 19 September 2017: 2/ around 2014 it used to get me more triggered, some things I've started doing since...
• 19 September 2017: 1/ @iam_preethi asked me about how i deal with so many haters on Twitter, posting here in case helpful for others
• 1 August 2017: Wanted to shared a few thoughts on Bitcoin Cash! Thx.
• 18 July 2017: On it! :)
• 18 July 2017: Beautiful new portfolio widget appeared on the @coinbase dashboard today. Get started with digital currency ->
• 12 June 2017: This is great career advice from Scott Adams (Tools of Titans)
• 26 May 2017: .@coinbase had 40,000 new users sign up in one day, or approximately one San Francisco Giant's Stadium.
• 20 April 2017:
• 20 April 2017:
• 20 April 2017:
• 20 April 2017: Our plan is to build it out as a separate legal entity and brand, separate from Coinbase. Similar to what we're doing with GDAX.
• 19 April 2017: Excited to roll out this new project we've been working on: Token! Developer preview for now, and big things to come
• 6 April 2017: I'm in - lets do it!
• 3 February 2017: Excited to see BitcoinUnlimited gain traction also. I feel like every miner should pick either BU or SW and let's end the stalemate!
• 6 January 2017: Lets come together and move forward as an industry. Activating SegWit can help us get there and it has a number of good features.
• 6 January 2017: From learning more about SegWit I think we should activate it. It's prob the best path forward for bitcoin at this point.
• 5 January 2017: Sadly twitter polls are not a hard science.
• 5 January 2017: Just kidding, they have the best trolls and scripts though :) Votes for Litecoin, Monero, and Dash look the most real if I had to guess?
• 5 January 2017: Results of my twitter survey are in. It looks like NAV is the next currency we'll add to Coinbase!
• 3 January 2017: What digital currency would you like to see added to Coinbase next?
• 30 December 2016: Spot on
• 6 August 2016: I don't see how Bitfinex could issue tokens to represent lost customer funds. Regulators/bank partners won't accept that + customer lawsuits
• 4 August 2016: Updated: Coinbase customers will be credited the full amount of ETC associated with their account, can send off site
• 1 August 2016: @dooglus we may in the future, but this is not as simple as it sounds at our scale, we use key splitting across many addresses
• 1 August 2016: Coinbase has all funds to cover user deposits. If you prefer to cntrl you own private keys, see our multisig vault
• 21 July 2016: ETH is trading up 4% since we launched about an hour ago.
• 21 July 2016: A better photo of the ethereum launch - use this one instead :)
• 21 July 2016: Live from the Coinbase HQ, proud of this team!
• 20 July 2016: See my blog posts from earlier this year for more info and
• 20 July 2016: My hope is that we start to see hard forks as an elegant upgrade/voting mechanism, not something to be feared that results in multiple coins
• 20 July 2016: Hard forks should still be approached with caution (they aren't free), but I think the bitcoin community misdiagnosed the risk.
• 20 July 2016: Easy to forget how many voices there were in the bitcoin company spreading FUD about the danger of hard forks. Here is one more success case
• 20 July 2016: It appears the the entire thing was over (with a clear winner) in a matter of MINUTES. Even better than my conservative estimate of hours.
• 20 July 2016: Success! Ethereum's hard work seems to have gone well. Could still be bugs so far so good.
• 1 May 2016: Bitcoin is going to need some Uber style "surge pricing!" on transaction fees if these full blocks keep up. Should be interesting.
• 11 April 2016: VR and Gaming is going to be insane, lots of great progress being made
• 10 April 2016: @kathleen_warner I wonder what possessed someone to build this
• 9 April 2016: SpaceX I'm on boat!
• 26 March 2016: Why was YouTube so much more successful than Vimeo?
• 26 March 2016: What the first strong AI might be like
• 25 March 2016: A tribute to Andy Grove
• 24 March 2016: Good exercise to remember: look at your calendar for the last few weeks and ask "is this incremental or exponential" cc @mickymalka
• 24 March 2016: @polemitis well said. Humans really are pretty strange! We also lay on the ground and hallucinate for 8 hrs a day to recharge
• 21 March 2016: Are there any good ways to get @medium posts translated into multiple languages? Would be a great feature
• 18 March 2016: Uber's plan to get more people into fewer cars
• 17 March 2016: "The vision, mission, and strategy for Coinbase" -
• 13 March 2016: BitcoinClassic is now the most popular node software! Miner votes coming next,more important
• 1 March 2016: @olivierjanss @cnLedger @adam3us agreed, prioritizing SegWit before a 2mb hard fork showed very poor judgement on cores part
• 26 February 2016: I wonder what other kinds of voting will happen this way in the future. Scan a QR code and send to vote.
• 26 February 2016: looks great - run your own classic node (or ten) for $12/month each
• 25 February 2016: Thank you for noticing Jihan. This is how all pools should operate. Let people vote!
• 19 February 2016: Great proof of concept - bypass paywall in 5 seconds w/ bitcoin to play video. Threat to ads
• 17 February 2016: If only someone had thought of this sooner!
• 17 February 2016: Hmm...I wonder why the bitcoin price is trending up. Best bet: the likelihood of a 2MB hard fork to help bitcoin scale is increasing.
• 11 February 2016: @malloc8 we run many node types, including one that I originally wrote, good idea to clarify!
• 11 February 2016: In case any confusion like last time, running Classic does not take you off the longest valid chain. Your Bitcoin remains interoperable/safe
• 11 February 2016: Coinbase is now running BitcoinClassic! Let's help Bitcoin scale. Please download and run your own copy
• 16 January 2016: @cdelargy @adam3us true and apologies, I'm talking about GitHub forks, should have made that more clear
• 16 January 2016: @adam3us I agree, decentralized to me means multiple forks, not one
• 16 January 2016: @rbtkhn Would prefer pay for a good product, and the co can use those funds however they'd like. But not opposed to sponsoring also
• 16 January 2016: @Kegasaur we have lots of competitors, that is good for the world! Bitcoin name is public use, like internet, or soda (for Coke Pepsi)
• 16 January 2016: Anyway, I'm done :). tl;dr please support BitcoinClassic and help us move to a world with multiple competing Bitcoin forks
• 16 January 2016: Bitcoin devs are not born, they can be recruited, trained, etc. Unclear whether the C++ code base is even the right starting point...
• 16 January 2016: Finally, I don't buy the idea that Bitcoin devs are finite resource, the right team with right funding and comp structure will grow fine
• 16 January 2016: We could prob use a for-profit fork (similar to RedHat Linux), free/open source for non-commercial use, but enterprise customer pay $3-5k/mo
• 16 January 2016: Coke needs Pepsi, Intel needs AMD, SpaceX needs Blue Origin. Competitive free markets cause things to improve
• 16 January 2016: Then a handful of forks will emerge, competing to provide what customers want. Competing for talented devs. Pushing the industry forward
• 16 January 2016: To do that we must first break the monopoly/centrally planned economy/committee of core by moving to classic.
• 16 January 2016: It's not about bitcoin Classic winning and Core losing, it's about moving to a world with many competing forks. Competition drives progress
• 9 January 2016: folks can we kiss and make up already? We've all got more important work to do than this
• 3 January 2016: @shibuyashadows the price plummets destroying their profits? not sure why they'd do that, btw they can already do this today (nothing new)
• 3 January 2016: @mdotfallon It's true, there is some debate on that topic
• 3 January 2016: @shibuyashadows Don't think so, some proposals would be a hard fork the difference is quite confusing at times tho
• 3 January 2016: Article 2: How the block size will affect bitcoin's decentralization
• 3 January 2016: Article 1: How are we going to solve bitcoin scaling? Miner Voting:
• 27 December 2015: To be clear, we are still open to other proposals, just want encourage things to move forward and #HelpBitcoinScale
• 27 December 2015: Coinbase is now running BitcoinXT (BIP101) in production as an experiment, blog post w more details coming soon
• 7 November 2015: @secret_bitcoin @rogerkver Might be easier to get people to switch there (ppl already registered) but open to wherever people go.
• 7 November 2015: @secret_bitcoin @rogerkver Industry needs to consolidate on one. I like the threaded conversations on reddit
• 7 November 2015: I just unsubscribed /r/bitcoin and subscribed /r/btc
• 7 November 2015: The censorship on /r/reddit is really surprising What do people think about moving to /r/btc? (@rogerkver is a mod)
• 13 October 2015: We needs a solution in place sooner rather than later. Proposals I've seen are reasonable, low enough risk, now we just need code.
• 13 October 2015: I'd like to upgrade to code which will increase the block size in December, following Scaling Bitcoin conf w/ others
• 24 September 2015: @jgarzik Some cost to administer it, but otherwise looks promising.
• 23 September 2015: .@jgarzik certainly open to it, we are considering best options (getting educated on it)
• 23 September 2015: .@jgarzik And they didn't do that until much later stage (multi billion valuation). Coinbase is open to that in the future, considering opts
• 23 September 2015: .@jgarzik Tesla was awarded well over 200 patents before Elon musk blogged about open sourcing its IP. Our strategies are quite similar.
• 17 August 2015: 5/ hard forks probably shouldn't happen frequently, but periodically they are an elegant solution that helps bitcoin keep growing
• 17 August 2015: 1/ A lot of people might misunderstand a bitcoin "fork" as meaning two versions of bitcoin would exist indefinitely, which would be bad.
• 24 July 2015: Many will find this crazy, but I think bitcoin could surpass the dollar as reserve currency within 10-15 years.
• 24 July 2015: Imagine if the whole world had an open payment system, that no country or company controlled.
• 13 July 2015: @PPBitcoinGreece Sent!
• 13 July 2015: @roaxch Sent!
• 9 July 2015: @Akkkkk can email support@coinbase.com as well if people want
• 8 July 2015: I'll start - first 50 people in Greece to reply to this tweet I'll send you 10 Euros of bitcoin to try spending, include your email in tweet
• 8 July 2015: It's true most merchants don't accept bitcoin in Greece yet, but with smart phones anyone can download an app in seconds and get started.
• 9 May 2015: And small block sizes will net/net increase centralization right now, making in-network (off blockchain, same thing) txns more attractive
• 9 May 2015: The reason is that we still favor decentralization for bitcoin's growth and success (bitcoin wins we win, and we're still in nascent stages)
• 9 May 2015: Interesting that Coinbase stands to gain from smaller block sizes, we are the largest network of off blockchain txns. Yet we still oppose it
• 9 May 2015: We could probably make it 100mb or even 1gb if needed. Hobbyists could still run full nodes (imagine SSD drive + machine with 16gb memory)
• 9 May 2015: Makes Gavin's "radical" 20mb proposal look quite conservative actually.
• 9 May 2015: Great write up on why bitcoin needs a larger block size, and why we should adopt Gavin's proposal
• 5 May 2015: Why we should increase the block size Thanks for your work @gavinandresen
• 9 March 2015: MIT Bitcoin Expo's keynote this year was done by our own Charlie Lee @SatoshiLite
• 23 February 2015: @brian_armstrong thought I was perhaps stating the obvious, the overall trend has been clear for a year or so now
• 23 February 2015: Ripple, Stellar, and Altcoins are all a distraction. Bitcoin is way too far ahead. We should be focused on bitcoin and sidechains
• 7 October 2014: @jeremysliew it is a bold move though and for that I applaud you, they are a great company in the space providing a valuable service
• 7 October 2014: .@jeremysliew survey data from actual users seems more accurate also KYC'ed accounts linked to bank+identity
• 7 October 2014: .@jeremysliew agree with your comments on client side wallets, they are valuable, but signups is a poor metric for market share
• 10 January 2014: Overstock .com did 840 orders, and $124k in bitcoin sales, in the first 24 hours. "Almost all new customers" according to their CEO.
• 28 July 2013: "Find My iPhone" is pretty brilliant on iOS. Had a great user experience tonight..your customer feeling vulnerable = and opportunity to wow
• 14 July 2013: Lazy Sunday!
• 6 July 2013: Also if they could come to the dot on the map instead of having several calls about location each time. #firstworldproblems
• 6 July 2013: .@SidecarSF and @lyft would be better if you didn't always have to have a conversation
• 2 July 2013: @voloko The "browse online" link for hasn't worked in a while. Ideas?
• 1 July 2013: Always working on eliminating these from my speaking (even if a few new ones creep in when I do)
• 28 June 2013: What happened to Github issues search on a particular repo? Disappeared a month or two ago. Figured it was a temporary bug.
• 22 June 2013:
• 19 June 2013: If you're near Stanford in the next hour, go check out Fred Ehrsam from Coinbase talk on virtual currency!
• 9 June 2013: @yishan popped? Post a link bro
• 5 June 2013: Nice move by @airbnb defending their customers in court
• 4 June 2013: @spikebrehm we skip functional tests and do request specs (using capybara) to test the full stack...slow as hell but gives peace of mind
• 4 June 2013: Awesome collection of advice from @sama
• 4 June 2013: Had a lot of fun with this photo shoot with Brittany McLaren
• 28 May 2013: Excited about Paper Wallets launching on Coinbase!
• 18 May 2013: Speaker dinner at Bitcoin Conf 2013!