Share this page!

Brian Armstrong Profile picture
Twitter logo
17 Sep, 4 tweets, 1 min read
Bitcoin has become legal tender in El Salvador.

Now that one country has tipped, who will go next?
Reminds me of what I wrote in my post on what will happen to crypto in the 2020s...
"In the 2020’s, I think we will see cryptocurrency adoption in emerging markets scale to hundreds of millions of users, with at least one country “tipping” so that the majority of transactions in their economy happen in cryptocurrency."

blog.coinbase.com/what-will-happ…
Crypto does not account for the majority of transactions in El Salvador yet, but the decade is young. Steps in the right direction...

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Brian Armstrong

Brian Armstrong Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @brian_armstrong

Brian Armstrong Profile picture
16 Sep
1/ I've been getting more interested in the longevity space along with others in crypto. There is some really interesting research going on.

One of many interesting studies out there is being done by Matt Kaeberlein on Rapamycin peterattiamd.com/mattkaeberlein…
2/ Here is some more detail on the particular study they are running in dogs. They needed an additional $2.5m to get a statistically significant result on a ~9% increase in lifespan.
drive.google.com/file/d/1bs7cyF…
3/ A human study would be quite a bit more expensive and take longer, but dogs are a nice intermediate step in a higher order mammal. Unlike lab mice they share our environment, are not sedentary, etc. So if it works here, this is great data to then pursue a human trial.
Read 6 tweets
Brian Armstrong Profile picture
14 Sep
Apple taking a 30% cut on all digital payments on the iPhone is a bad policy that harms its customers, and it's great they are finally seeing pressure to change this.

theverge.com/2021/8/31/2264…
It's so silly the number of things you can't buy without dropping going into a mobile browser (Audible books, etc). Many people who have been on iPhone a long time don't realize how much better this is on Android (Google enforces this less strictly, although not perfect).
If Apple had the courage, they should probably see the writing on the wall, and make this change voluntarily instead of having courts slowly force their hand over many years. Short term pain (from loss of revenue), but it would probably come back to them in spades long term.
Read 4 tweets
Brian Armstrong Profile picture
8 Sep
1/ Some really sketchy behavior coming out of the SEC recently.
Story time…
2/ Millions of crypto holders have been earning yield on their assets over the last few years. It makes sense, if you want to lend out your funds, you can earn a return. Everyone seems happy.
3/ A bunch of great companies in crypto have been offering versions of this for years. Coinbase came out recently and said we would be launching our own version.
Read 21 tweets
Brian Armstrong Profile picture
27 Aug
1/ One thing we're working on at Coinbase is improving our "crypto forward" hiring and culture. A couple quick thoughts on this…
2/ As we've grown as a company, we sometimes haven't had the best reputation for being on the cutting edge of crypto. This makes sense - we grew so quickly, that a lot of time went into just scaling and operationalizing the existing products we have, which was existential for us.
3/ We didn't always have the time to focus on the cutting edge stuff, when we were just trying to keep the existing stuff running. A high quality problem to have, but a problem none the less.
Read 18 tweets
Brian Armstrong Profile picture
10 Aug
1/ While the damaging language in the infrastructure bill remains, we all owe Sens. @RonWyden @SenLummis and @sentoomey enormous thanks for their work trying to protect innovation and the future of crypto in the United States.
2/ Senator @RonWyden has been a stalwart in advancing sound tech policy, and he deserves enormous thanks and praise from the American people for his leadership and resolve in pushing for sensible crypto provisions in the infrastructure bill.
3/ Sens. @SenLummis & @sentoomey deserve special thanks for their leadership too, finding common ground with @UStreasury, @SenatorSinema, @senrobportman & @MarkWarner on the crypto tax reporting language. This agreement should play a central role in Treasury’s implementation.
Read 12 tweets
Brian Armstrong Profile picture
6 Aug
1/ There are a few key moments that define our future. One is happening now in the Senate w/ the infrastructure bill. At the 11th hour @MarkWarner has proposed an amendment that would decide which foundational technologies are OK and which are not in crypto. This is disastrous.
2/ Senator @MarkWarner has asked for proof of stake validators to comply with the impossible, but not proof of work miners. Why? It’s not clear, but we could find ourselves with the Senate deciding which types of crypto will survive government regulation.
3/ This is the government trying to pick winners and losers in a nascent industry today, where some new technology is being developed every month. They are guaranteed to get it wrong, by writing in a few exceptions by hand today.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @brian_armstrong has new unrolls!

Check out other threads from @brian_armstrong!

Read all threads by @brian_armstrong

:(