1/ Reminder about how Coinbase lists assets: our goal is to list *every* asset where it is legal to do so.
2/ Outside of our listing standards (for safety/legality), we don't offer an opinion on the value of each asset. We are asset agnostic, because we believe in free markets and that consumers should have choice in the cryptoeconomy. This is how we'll have the most innovation.
3/ We will provide tools over time to give customers ratings/reviews of assets, so they can make even more informed decisions, and share their views with the community.
4/ But in general, one should not take being listed on Coinbase as an endorsement of that asset (outside of meeting our minimum standards). Do your own research and exercise good judgment.
5/ We're working hard to keep up with the incredible amount of assets being issued, and responding to and interacting with the amazing asset issuers who are doing their own hard work, day and night, to build the future of this industry.
6/ We need to do a better job staffing up to engage with all asset issuers in a timely manner, and responding to people promptly through assethub.coinbase.com
To that end, let's all keep building 🙏💪
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1/ I spent most of this week in DC meeting with members of Congress and heads of various federal agencies, along with @RonConway@katie_haun and @iampaulgrewal.
2/ Goal was to establish relationships and help answer questions about crypto. And to see what we can do to help the U.S. get more regulatory clarity in this space, as part of the newly formed @crypto_council.
3/ Crypto is as important as the birth of the internet in terms of the jobs, GDP growth, and innovation it can create. The U.S. will need to be a major player in crypto to stay relevant long term.
9 years ago today, I founded Coinbase. One of the most important lessons I come back after all this time is long-term focus.
I’m grateful to see how far crypto has come since Coinbase was founded. Hard to imagine that only 9 years later we would see crypto regularly discussed by Presidents, Saturday Night Live hosts, and Tom Brady. Or that it would show up in songs by Nas.
It’s tempting to get caught up in the excitement of the current moment, but the truth is there have been many ups and downs of the 9 years.
The idea wasn’t perfect (I misjudged the merchant angle for instance, simple buy/sell turned out to be more lucrative).
But...
...highlights the importance of resilience and ignoring haters when trying to build something new. Nine out of ten people will think it’s a terrible idea, and be quite articulate explaining why this is to you. This will go on for YEARs.
Even after five years and many millions of dollars in revenue, I would say still about 50% of people (investors, prospective employees, etc) I spoke to thought it was a bad idea.
1/ Today is a big moment for @coinbase as we become a public company. But it’s also a big one for crypto. This all started with the Bitcoin whitepaper 12 years ago, a deceptively simple 9 page document by Satoshi Nakamoto that ignited a global movement. bitcoin.org/bitcoin.pdf
2/ The Coinbase journey started when I read the Satoshi whitepaper while I was home for Thanksgiving in 2010. As I read it, I realized that crypto had the power to unlock a future where economic freedom was a reality for everyone.
3/ This has driven me ever since as I believe creating more economic freedom is one of the biggest meta problems of our time. It has so many positive downstream effects in society. blog.coinbase.com/how-digital-cu…
1/ Over the next few days I'll be releasing some electronic music that I created with DJ DAVI (David Khanjian). We'll be releasing them as NFTs.
2/ I listened to a lot of electronic music with no vocals as I was coding up the early versions of Coinbase, and always enjoyed David's music. (no vocals because I couldn't concentrate with other words in my head)
3/ Last year during COVID I decided I wanted to learn a little bit of electronic music composition as a hobby (I do something like this each year), and David was kind enough to take me under his wing and give me some free music lessons.
2/ We want to work with tech-forward countries who are pro-crypto and can move fast
3/ Things that would help: connect us with key decision makers, countries who can help us fast track a license and bank partnership, and help us get crypto into the hands of their citizens through advocacy and marketing