@19keys_ yes the NETWORK is decentralized even if a few entities end up with more than anybody
Same as the internet NETWORK is decentralized even if major players like google, meta, etc own a significant part
Anybody anywhere anytime can buy it (decentralized) unlike Stocks or others
5/ Good chat with @brian_armstrong and @CathieDWood
- This is the biggest economic revolution of my life. This is just as big as AI, there will probably be a convergence of crypto and AI
- Economic freedom underpins all global progress. We want to increase economic freedom globally
- Our biggest obstacle is regulatory clarity
- Brian just back from DC: Senate is excited to move crypto legislation forward
- Turf war between cftc and sec, we think investment contracts are securities and tokens are commodities. At this point need congress to step in and act
- Retail led this industry but now institutions here
- 56% of fortune 500s working on something onchain
- Regulatory clarity will push institutions from 1-2% to 5-10%
- Cathie says flows are mostly retail for ETF bc platforms haven’t approved (interesting, same as blackrock)
- We haven’t seen the real demand for ETFs bc Morgan Stanley UBS etc haven’t started pushing
- Brian says most exciting thing at company is Base
- Also exciting: derivatives and our smart wallet (makes onboarding much easier)
- Crypto started as asset class, now moving to real world utility
- Centralized exchanges will be great for a bit but they're a moment in time. It will all be peer to peer with no intermediaries and onchain
- Coinbase moving our products onchain
- Payments are like water they flow to path of least resistance
- We want adjusted ebitda to be positive in any market. Means moving from trading fees to subscriptions and services which is more predictable
- Been able to reduce costs a lot while investing in innovation
- Last piece of big puzzle is international expansion. 17% of revenue today. We’ve picked 10 markets. “Go deep markets”
- International grew faster than US in Q1
- Then with self custody wallets we have our “go broad” strategy
- Whole group of people growing up today who will never have bank account, their phone is their wallet
- Coinbase as a company won’t disrupt big incumbents like visa. But protocols that we build and contribute to could do that
@3puravida @rloewe65 @nxtlvlrebecca @jonsteingart@gtconway3d No. Slavery is working for FREE against your will. And even by your logic, Uber drivers only 2 options are not drive or be killed by Uber Execs for not driving (like slavery where you could be killed for not working). No definition of slavery is comparable. Your take is just bad.