Video Of The Week: What Coinbase Is Up To And Why
Brian Armstrong, CEO of our portfolio company Coinbase, gave this talk to the Company at a recent all-hands. In it, he describes the founding story for Coinbase, and then goes on to describe the Company’s Mission, Vision, and Strategy.
It saddens me that Coinbase will not accept people without employment.My wife has applied and cannot truthfully complete applications and she has scruples.The fact that her use case for crypto relates to sending funds to people who need help should not disqualify her.KYC should not mean refuse your custom if an applicant has nothing to hide.Last time I commented [email protected]_armstrong my comment was ignored …
Maybe not ignored. Maybe just not replied to. There is a difference. Coinbase has to follow the rules and they have done more than any other company in crypto to push the limits of what can be done within a compliant model and I am confident that they will continue to push farther and harder
@fredwilson:disqus – That’s a fair distinction.If coinbase are doing all they can – good – I take your word for it.While universal accessibility as espoused is not the realityperhaps openly maintaining a list of impediments to be addressed (kind of like a bug report) would show accountability.PS I am generally a happy client.
Godspeed to them. Let’s hope the regulators don’t make it more challenging than it needs to be.
I wonder if regulation in all cases is a bad thing? For broad adoption of crypto currencies and assets you need Trust. For Trust you need Transparency. The purpose of regulation in many cases is to ensure Transparency. For example, the SEC requires periodic reporting by public companies, IPOs with agreed upong accounting standards so investors can price these assets with reasonable transparency. This does not impede the functioning of the stock market. So, can proper and reasonable regulation actually help drive mainstream adoption of crypto currencies and assets? I can see companies like Coinbase benefitting from this.
I’ve heard about a VC fighting against political strategies combining it with technology. I has recently begun doing some research about Tusk Ventures and their partners who are also some cryptocurrency companies, naturally a big fear of the government, along with Coinbase, them most likely sustaining their strategies. How could their VC contribute to sustainability of crypto companies in general in a fight against e.g. constant SEC rejections of Bitcoin ETF?