Today, we're sharing the pod summary from @BanklessHQ where @TrustlessState and @RyanSAdams interviewed @brian_armstrong, CEO of @coinbase. Find out how Brian's values impact the running of Coinbase itself and what the challenges are for Coinbase in this current climate. Read on!
🔹 Studied computer science and economics
🔹 Felt that he was born too late to start a great internet company, but $BTC is like the next internet
🔹 First thought after reading $BTC whitepaper was how can he make it easier to use
@BanklessHQ@TrustlessState@RyanSAdams@brian_armstrong@coinbase 🔹 After seed funding, Coinbase became a 3-man operation in 2013
🔹 Coinbase initially failed to build a user base but quickly found out that the core issue was that users did not have any $BTC to use
🔹 Added a buy button on the site and everything changed from that moment
🔹 Capitalist at heart, passionate about economic freedom
🔹 Saw what hyperinflation is like in Argentina
🔹 Believes fiat currency creates unnecessary economic friction internationally and is unfair
🔹 Hodler at heart, in crypto for the freedom
🔹 Trust is a major focus - wants Coinbase to be the most trusted brand
🔹 Loves repeatable innovation and fears becoming a complacent boomer
🔹 To avoid this, 10% of Coinbase's resources go towards venture bets e.g. Coinbase wallet
🔹 Coinbase is not competing with DeFi, but building on top of it
🔹 Only way to be relevant is to go where customers go
🔹 Focusing on apps to allow access to DeFi
🔹 SEC threatened a Wells Notice over this and said that Coinbase cannot launch it
🔹 If they didn't comply, civil enforcement action would be taken against them
🔹 Decided not to launch - figured they had a 50/50 chance of winning in court
🔹 $BNB and #BSC made Brian uncomfortable because of the centralization. Same goes for $SOL
🔹 Doesn't like the idea of a Coinbase chain - don't think the world needs another chain
🔹 Would rather focus on help existing chain scale
@BanklessHQ@TrustlessState@RyanSAdams@brian_armstrong@coinbase 🔹 Could have printed more money by making their own chain but this isn't what interests Brian
🔹 Would rather contribute to open-source public goods
🔹 Coinbase will take a chain agnostic approach and encourage self-custody
🔹 Is a long term thinker, not interested in short term gains with short term people
🔹 Thinks about what will happen to Coinbase after he is dead - writing a book to extend his values beyond his life
🔹 Founder CEO is more risk-tolerant - scarce now
🔹 Will Coinbase having self-custody products cannibalize their own revenue?
🔹 Short to med term, yes. But in the long term, the future is with non-custodial
🔹 Building for the future (non-custodial) and also for the masses (custodial)
🔹 Good branding move by Zuckerberg - staying on top of things
🔹 Apple and Google caught the move to mobile but are missing the one to AR and VR
🔹 META might be forced to build on existing crypto and DeFi infrastructure, though in a centralised way
🔹 3-5 mil sign-ups for early access
🔹 Allows @MetaMask or non-custodial wallet interactions, with social media elements
🔹 Wants to create NFT bounties - paying others to create NFT through their platform
🔹 No plans for withdrawal to L2 blockchains now
🔹 Does not have anything he can announce publicly
🔹 But he has been seeing some really cool stuff internally
🔹 Gap in education for Wallstreet folks who spent their whole career in Tradfi - likely to dismiss crypto
🔹 Brian is very patient with them. Spends a lot of time explaining and also listening to their concerns
@BanklessHQ@TrustlessState@RyanSAdams@brian_armstrong@coinbase@MetaMask 🔹 Coinbase needed as a bridge between TradFi and crypto
🔹 Regulators are still behind in thinking about crypto space
🔹 Coinbase tackling regulation through their side projects
🔹 Brian thinks SEC "here to protect the retail investors" is patronizing
Well, it's a guest post by @maxbphi (with some light touch from us). He's interested to learn from us how to do up podcast summary and we're only too happy to impart. He works for @backdfund, so check it out.
B.Protocol had an AMA with @CRE8RDAO on the 1st Nov 2021. This summary highlights the main points covered during the AMA session, including the latest updates of @bprotocoleth and which new platforms they are going to integrate with.
@yaron_velner
🔹 Founder / Lead Dev - "Brain, muscles and vision" of B.Protocol
🔹 Was CTO of @KyberNetwork before this
🔹 Started SmartPool with @vutran54 as a semi-academic project, which evolved to become Kyber in 2017
@CRE8RDAO@bprotocoleth@yaron_velner@KyberNetwork@vutran54 🔹 Co-designer of the WBTC protocol with @BitGo team
🔹 Did development work on on-chain market-making tool created for DeFi
🔹 After Kyber in 2020, was consulting with pte companies, building liquidation bots for DeFi and CeFi
🔹 Realised liquidations in DeFi are broken
🔹 Conference attendees are mainly lawyers and legal service providers 🧑⚖️
🔹 These people are good at structuring companies, providing legal advice
🔹 Some of them have never used MetaMask before
🔹 Lawyers were discussing IP rights and NFTs
This is the last thread for Infinity Skies: Community Stories. Here, we seek to share the stories of the Discord members of @Inf_Skies. To have a good community, we need to highlight the people in it.
Everyone has a story to tell - we just need to pay attention 😃
@Inf_Skies "Sometimes, all we need is a hand to hold, an ear to listen, and above all, a heart to understand."
Infinity Skies, when you grow tall and strong, please don't ever forget the people that believed in you right from the start 🙂
@Inf_Skies "Guild system makes the community grow larger and makes the gaming more exciting!"
Today we're going to share a tool that every #DAO should use - @coordinape! This is a consolidated pod summary of 4 interviews done by @EthFugu highlighting the actual use cases of Coordinape in different DAOs: BanklessDAO, Masq Network, PoolTogether and Forefront.
🔸 Decentralized payroll management for DAOs
🔸 At the end of every epoch, a project uses Coordinape to allocate points (called GIVE) to any members within the circle based on their proportionate contribution of work done
🔸 Open, transparent, decentralized
What is @banklessDAO?
🔸 Steward behind the Bankless brand started by @TrustlessState and @RyanSAdams
🔸 A community that shares the values that Bankless embodies
🔸 Goal is to spread Bankless ideals through education, culture and Media
Today we're going to do a deeper dive into the token allocation and tokenomics of @fantom_oasis, a decentralized project launchpad for the @FantomFDN network. We will explore the staking mechanism and its benefits as well.
🔥🔥 Let's go! 🔥🔥
@fantom_oasis@FantomFDN We've done an article and a tweet thread on Fantom Oasis before, so you can refresh your memory to see what this is all about first. Here:
🔹 FTMO is the token
🔹 Helps connect project creators with investors
🔹 For project creators - help on different aspects from financing to strategic advice
🔹 For investors - bonuses are given to FTMO stakers e.g. increased allocation size of new project tokens
🎮 Co-Founder of @planetariumhq
🎮 Studied computer science at Caltech. Started off as an engineer
🎮 Went back to Korea to serve in the military 🪖
🎮 Instead of going to the military, he spent his next 2 years working for several internet companies
@zima_red@AndrewSteinwold@kijunseo@planetariumhq@NineChronicles 🎮 Moved on to work at Dropbox as an engineer
🎮 Left to work on indie games
🎮 Collaborated with artists then realized that they could embark on decentralized gaming 🎨
🎮 Started Planetarium in 2018