cryptoquoc | ₿ 🌊

Retired

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

@satofishi I bought private shares of SpaceX when their rockets kept blowing up last year, before IPO announcement. I believe in the mission and will be holding long term.

[vitalik.eth @VitalikButerin]

Updates since then:

* Deepseek v4 is out. There *is* a 2-bit quant that can run within 90 GB ( https://t.co/yM1HMZXkXn ), and it works, however it's only fast on Apple hardware (I've head ~35 tok/s). On AMD, it's ~7 tok/s. IMO actually taking the effort to properly support more than one hardware manufacturer is a great example of the difference between mere "decentralized AI" and genuine "CROPS AI". I hope we can become better at this.
* https://t.co/CFYF1smBH3 also has alpha telegram support now. However, the path to adding your account is quite janky
* https://t.co/za4h233eYz looks promising as a way to run "dense" models (eg. Qwen 27B) more efficiently. It's janky, but on my 5090 laptop it seems to be ~2x more tok/s than llama.cpp
* VoxTerm (local AI recording, no third-party servers) continues to be developed https://t.co/GSdKzkD9Ql

And there's a lot more projects coming on the horizon.

One other thing that has been on my mind is that there's actually a lot of intersection between "CROPS ethereum access layer" and "CROPS AI". For example, we want a ZK way to make (paid) calls to remote LLMs. But if we have this, then it's just as useful for solving another problem: private RPC reads in Ethereum.

Another example: application-specific finetuned LLMs. Leanstral ( https://t.co/ilfww8ekJu ; I get ~38 tok/s on AMD) fits into < 70 GB, but can hold its own against 1T models on writing Lean code. Things like this are a huge boon for writing more secure code ( https://t.co/6YPWgVSzCg ). We should have models finetuned for Ethereum-related use cases as well.

[Simon @svmvn]

hey frens, very sad to share that i was affected by the recent 14% layoffs at @coinbase.

i’m leaving alongside incredibly talented colleagues who i've spent nearly everyday building with. we became a family through all the blood, sweat, and tears of everything we tackled together.

i joined @base right at the beginning of mainnet launch in august 2023.

during this time, i drove the growth of our community platforms, scaling our discord, reddit, x spaces, and livestreams to build deep user engagement.

but i was much more than just a community guy. as my past manager @wbnns put it, our small team operated like spec ops, wearing many hats and tackling complex issues as they surfaced. i managed cross-functional operations, nurtured key external partnerships, uplifted team members, and optimized processes by finding gaps and building seamless workflows.

i have grown exponentially during my time here. this hurts, as i truly hoped to stay at coinbase for the rest of my career, but i gave it my all and am walking away profoundly grateful for this chapter.

thank you to the leaders who guided me, the amazing team that supported me, and the passionate community members i've had the honor of connecting with.

i am now actively seeking my next opportunity. if your team needs a versatile operator who specializes in community growth, cross-functional operations, and bridging gaps to make teams run flawlessly, i would love to connect.

dms are open :).

[Polymarket @Polymarket]

JUST IN: Coinbase to test AI-native “one-person teams” that combine engineering, design, &amp; product roles.

[Connor Holliman @jconnorholliman]

i honestly can’t believe i have to write this but i have been affected by the @coinbase layoffs

from hiring/scaling our growth team to onboarding content creators/traders to representing the company at conferences to creating written/video content to doing millions of impressions on socials to hosting spaces to leading communications with blockchain clubs to running the student track for our base batches accelerator program, i have been much more than a recruiter

i have given my all to @base so this really hurts

but what an opportunity has this been

i showed up everyday, gave 110%, and am truly proud of the brand i’ve built for myself and for the company

it’s been an absolute pleasure working with my manager @KQpewpew and recruitment team (@kael_base_eth, @0xBradyn, and @Blayne_base_eth)

as well as everyone i’ve hired (too many of you to name here) and everyone in the business i’ve partnered with

and last but not least @jessepollak and @XenBH

you have all provided me the opportunity to level up my skills and build an amazing team, and i couldn’t be more grateful

i’ll be personally reaching out to everyone to express my gratitude as i’ll truly miss working with all of you

now i’m going to do what i always do and stay optimistic especially because i’m leaving more skillful than i arrived

frankly it feels too sudden, but i am now seeking my next opportunity

if you are looking for a jack of all trades growth person/recruiter, i am your guy

dms are open

[fiskantes ⭐️🩸 @Fiskantes]

Today I was fired from Coinbase.

During my 6 years at the company I was responsible for implementing the 4H chart in the UI...

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

I saw this coming a year ago.

[Brian Armstrong @brian_armstrong]

This is an email I sent earlier today to all employees at Coinbase:

Team,

Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future.

Why now
Two forces are converging at the same time. We need to be front footed to respond to both.

First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth.

Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day.

All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core.

What this means
To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice?

- Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles.

- No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams.

- AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role.

In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs.

To those who are affected
I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done.

All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information.

To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements.

Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters.

How we move forward
To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together:

Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it.

The Coinbase that emerges from this will be more capable than ever to achieve our mission.

Brian

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

Crypto crypto crypto. 2026 will be the year right?

[Bull Theory @BullTheoryio]

THIS IS SURPRISING.

Over the last 12 months

Silver: +267%
Gold: +84%
Copper: +38%
Nasdaq: +22%
S&amp;P 500: +16%
Russell 2000: +16%

Bitcoin: −14%
Ethereum: −8%
Total crypto market cap: −14%
Altcoins: -50%

Every other asset class has given positive returns except crypto.

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

@matthewtbarrett Buy $crcl

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

@matthewtbarrett what does this mean?

[CZ 🔶 BNB @cz_binance]

Whoa, now everyone wants to be Perp Dex.

More players will grow the market size faster. Rising tide lifts all boats.

Long term, the best builders win. DYOR.

Perp Dex era!

[TUSHAR @TUXHXR_X]

@Geiger_Capital How can you not love this man.

"I ended seven wars and never even received a phone all from the UN. These are the two things I got from the UN, a bad escalator and a bad teleprompter."

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

@kratos_harmony @harmonyprotocol It looks like foundation staking or investor/VC staking.

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

Big Javascript malware going around

[Phantom @phantom]

Phantom is not at risk. We have confirmed Phantom does not use any vulnerable versions of the affected packages.

We take a number of steps to guard against these types of attacks, including:

- Strict version pinning for all dependencies, preventing automatic updates to potentially compromised packages
- Mandatory security reviews for all package upgrades before integration
- Multi-layered dependency scanning and vulnerability monitoring
- Isolated build environments with integrity verification

We take the security of our users and their funds extremely seriously and will continue investing in our security practices to keep them safe against evolving threats like this one. https://t.co/ZPPUroKieR

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

Holy shit. Joining Microsoft Teams and Zoom now can get your wallet drained because of third party extensions. Yikes.

[Alexander Choi @notalexchoi]

I just got drained for $996,000 🧵

I’m honestly still processing that this happened and even writing it out feels completely unreal.

I just spent the last 24 hours looking into it, wiping out all my devices, and moving my files.

Part of me was considering whether I should even reveal this or not but let this be a good wake up call for everyone in this space regarding security, because if it can happen to me, with all my experience in this space, it can happen to anyone.

If my loss prevents this from happening to even one person, then it wasn’t all for nothing.

Not asking for pity, money, or anything. I know I made a mistake. Just want to help others.

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

Sometimes you have to bite the bullet and get off a sinking ship. It's kinda cringe to see people holding on dead NFTs, and shit tokens while pumping it up like it can V shape recover. It's a disconnect with reality. Sorry you lost a lot money. Move on.

I had my share of losses. I sold them, moved on, and I'm in a better place.

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

My early $7.5k investment in World Liberty now worth $110k. Small wins!

[cryptoquoc | ₿ 🌊 @cryptoQuoc]

@ModernDayInves @WatcherGuru @EricTrump @BTCPrice It's hilarious.