1/ Really enjoyed reading Ray Dalio's recent book, The Changing World Order
amazon.com/Changing-World…
2/ He looks at the decline of a number of empires historically, tracking each country across key metrics (education, innovation, military, etc).
3/ He then looks at America and makes a clear eyed case that it is in decline since ~1970 while China is on the rise. Of course none of this is inevitable. The course of either country can be changed if we have the will.
4/ The book does a great job highlighting the differences between the two superpowers in a way that I think is not often discussed. Hopefully this greats more empathy and moves beyond simple narratives.
5/ Lastly, I think the book misses an important transition to Bitcoin as a new reserve currency which is a very real possibility. The coming competition may be between the centralized East vs the decentralized West (powered by Bitcoin), to borrow a phrase from @balajis.
6/ This graph sums up a lot. It is filled with great graphs.

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More from @brian_armstrong

Jan 8
Really great post by my friend @moxie
moxie.org/2022/01/07/web…

Raises some valid points. However a few notes...
1. For NFTs, some keep their data in IPFS (decentralized file storage) or in the smart contract itself for procedurally generated images. We (as a community) should probably move more to solutions like this over time, since it is indeed more decentralized to build them that way.
2. I agree with the overall point that clients don't behave like full nodes. However, there has been quite a bit of discussion about "light clients" in the crypto community even going back to the early days of Bitcoin/Ethereum, so i wouldn't say it hasn't been an area of focus.
Read 14 tweets
Jan 1
Very interesting read on population growth and (supposed) scarcity of resources
cato.org/policy-analysi…

If other good resources on this curious to read more.
"humanity suffers from a negativity bias, or “vigilance for bad things around us.”...Consequently, there will always be a market for purveyors of bad news, be they doomsayers who claim that overpopulation will cause mass starvation or...running out of natural resources"
"people often assume that population growth leads to resource depletion. We found the opposite. Over the past 37 years, every additional human being born on our planet appears to have made resources proportionately more plentiful for the rest of us."
Read 7 tweets
Oct 14, 2021
Today we're launching our Digital Asset Policy Proposal (dApp) which we hope will help chart a course for clear regulation of cryptocurrency and web 3.0 in the US. It's critical to bring clarity to this space and ensure America remains a financial leader. github.com/coinbase/digit…
This is not about @Coinbase – we completed more than 75 meetings with stakeholders in government, industry, and academia to help shape this proposal, and we feel it represents a consensus point of view. It's inclusive and democratic by design.
Hopefully this proposal is constructive and is a part of the solution. Here’s an overview of the proposal from our Chief Policy Officer @faryarshirzad
Read 6 tweets
Oct 6, 2021
1/ I do worry that as companies get to be more successful, the number of attacks from press, politicians, and trolls on CEOs (and rounds of congressional testimony) makes the job not fun, and they leave from burn out. Gates, Page, Bezos...
2/ America could be losing some of its best talent from this, and it has some parallels to what is happening to successful CEOs in China. You don't get moved to house arrest in the U.S., but it is our own version it, putting something that gets too successful in its place.
3/ (which doesn't seem very American btw)
Read 9 tweets
Oct 1, 2021
1/ It's been about a year since my mission-focused blog post. It wasn't easy to go through at the time, but looking back, it turned out to be one of the most positive changes I've made at Coinbase, and I'd recommend it to others. blog.coinbase.com/coinbase-is-a-…
2/ We have a much more aligned company now, where we can focus on getting work done toward our mission. And it has allowed us to hire some of the best talent from organizations where employees are fed up with politics, infighting, and distraction.
3/ One of the biggest concerns around our stance was that it would impact our diversity numbers. Since my post, we've grown our headcount about 110%, while our diversity numbers have remained the same, or even improved on some metrics.
Read 13 tweets
Sep 17, 2021
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…
Read 4 tweets

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