162 - The Coinbase Long Game with Brian Armstrong

Brian Armstrong is the CEO and Founder of Coinbase. Coinbase started in 2012 as simply a custodial Bitcoin wallet and has grown into the massively successful publicly traded company that we know today.  ------ ✨ DEBRIEF | Unpacking the episode:  https://shows.banklesshq.com/p/debrief-brian-armstrong-coinbase    ------ ✨ COLLECTIBLES | Collect this episode:  https://collectibles.bankless.com/mint  ------ In this episode, we go over everything you wanted to know from Brian—his reflections on 2022 and his outlook on crypto moving forward. We cover the regulatory situation in America, how SBF infiltrated our halls of power, why Coinbase launched a chain in the worst regulatory environment we’ve ever seen, Wall Street’s understanding of Coinbase, and Brian’s best advice for the settlers and builders sticking around during this crypto winter. The last time we had Brian on the podcast was in November of 2021. We’ve come such a long way since then…and more recently, he also hopped into a livestream with us in the middle of the FTX collapse last November. It was so good to have him back on, enjoy! ------ 📣 RhinoFi | Makes DeFi Frictionless  https://bankless.cc/rhino   ------ 🚀 JOIN BANKLESS PREMIUM:  https://newsletter.banklesshq.com/subscribe  ------ BANKLESS SPONSOR TOOLS:  ⚖️ ARBITRUM | SCALING ETHEREUM https://bankless.cc/Arbitrum  🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://bankless.cc/kraken  🦄UNISWAP | ON-CHAIN MARKETPLACE https://bankless.cc/uniswap  👻 PHANTOM | #1 SOLANA WALLET https://bankless.cc/phantom-waitlist  🦊METAMASK LEARN | HELPFUL WEB3 RESOURCE https://bankless.cc/MetaMask  ------ Topics Covered 0:00 Intro 8:18 Learnings From 2022 13:05 Brian’s Thoughts on SBF 14:37 FTX’s Affect on Coinbase 19:44 Crypto’s Backlash  24:06 SBF’s Sneaky Political Game 28:55 The Optimistic Long Game  32:29 Organizing Voters & Crypto 435  38:50 Staking, Derivatives, & Crypto Securities 43:42 Why U.S. Crypto Regulation is Bad  46:38 Stabelcoins 53:17 Coinbase’s L2 Base  59:28 Coinbase’s Long Game 1:02:38 The Future Products of Base 1:07:25 Coinbase’s NFT Platform 1:10:41 Base Token?! 1:11:22 Does Wall Street Understand $COIN?  1:15:52 5-10 Year Coinbase Vision  1:17:45 Wallet-as-a-Service (WaaS)  1:21:17 One River Acquisition 1:23:55 Decentralizing Coinbase 1:26:00 Crypto in 2030 1:28:20 Were Brians's Crypto Expectations Met? 1:30:06 Advice to Builders 1:32:34 Closing, Action Items, & Disclaimers ------ Resources: Brian Armstrong https://twitter.com/brian_armstrong  Coinbase https://twitter.com/Coinbase   Crypto 435  https://twitter.com/coinbase/status/1630592674020335617  ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures