Artificial Intelligence Podcast
Podcast Notes Intro * “We want [Coinbase] to be the way that a billion people access the open global financial system.” – Brain Armstrong * All of Brian’s friends thought Coinbase was a dumb idea when he first started building it in 2010; there was a lot of uncertainty around Bitcoin at the time, which was trading at $10 per coin * Most of the best leaders are able to contribute a net positive to the world and do not care if they anger a certain percentage of people + You’ll never do something authentic to yourself if you care too much about what people think * Early startups need to “keep doing stuff” and aggressively iterate on their product or service + “Startups are like sharks; if they stop swimming they die.” – Paul Graham * People who are uncertain about their future don’t try as hard to make or achieve things because everything they produce and earn could be gone tomorrow; good property rights are foundational * Bitcoin is a new technology that can bring economic freedom to everyone around the globe, specifically in places where economic freedom had not previously existed * “I think Bitcoin could end up becoming the reserve currency of the world.” – Brain Armstrong * Companies are getting distracted from working on their core missions by “the current thing”, which is destructive to their productivity + It’s not Coinbase’s job to solve the most important societal issues + Focus on work at work and pursue your other interests during your own time * To become a better leader, consistently do things outside of your comfort zone so that your comfort zone grows * It is easy to be a critic; be the person in the arena that uses technology to improve the world and is a part of the solution and not a part of the problem
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