In one of my favourite Cheeky Pint episodes to date, @brian_armstrong brings us behind the scenes at @coinbase: their battles against North Korean hackers, war stories from breakneck early scaling, confronting people who won’t use AI to code, Coinbase becoming people’s primary financial account, and how banks are now embracing crypto.
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Timestamps
00:00 Intro
01:14 How Coinbase won the exchange market
06:22 Losing money on every bitcoin purchase
10:54 North Korean hackers
14:54 The Everything Exchange
17:39 Crypto will be bigger than gold
19:22 Stablecoin adoption
23:28 Jamie Dimon and big banks on crypto
26:44 Coinbase as your primary financial account
27:53 Neobanks
29:41 Bitcoin going to $1 million
33:16 Crypto in an investment portfolio
34:43 GENIUS Act
37:10 Electing a pro-crypto Congress
45:24 Reforming accredited investor rules
48:33 Squashing scams
50:11 Bitcoin preserving the American experiment
57:09 Balaji Srinivasan
01:01:05 The mission-first company announcement
01:05:50 How does Coinbase focus?
01:07:44 Venture bets and Brian vetoing USDC
01:12:02 Brian’s AI coding mandate
01:15:13 Advice for Stripe
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