“The best threat is just not taking one.”
— Brian Armstrong
Brian Armstrong (@brian_armstrong) is the co-founder and chief government officer of Coinbase. Based in 2012, Coinbase is constructing the crypto financial system—a extra truthful, accessible, environment friendly, and clear monetary system enabled by crypto. Coinbase serves over 103 million verified customers, 14,500 establishments, and 245,000 ecosystem companions in over 100 international locations. In April 2021, Coinbase listed publicly on NASDAQ as COIN.
Earlier than founding Coinbase, Brian served as a software program engineer at Airbnb, the place he targeted on fraud prevention. Earlier than Airbnb, Brian based and was CEO of UniversityTutor.com, a web-based tutoring listing and a subsidiary of Johnson Academic Applied sciences LLC. Brian additionally beforehand served as a guide for the enterprise threat administration division at Deloitte & Touche LLP. Brian has a BA in pc science and economics and an MS in pc science from Rice College.
Over the past three years, Coinbase has labored with ten-time Emmy®-winning filmmaker Greg Kohs on a documentary about cryptocurrency and Coinbase. COIN is now out there on Amazon, iTunes, YouTube, Vimeo on Demand, and different platforms.
Please take pleasure in!
#627: Brian Armstrong, CEO of Coinbase — The Artwork of Relentless Focus, Making ready for Full-Contact Entrepreneurship, Crucial Forks within the Path, Dealing with Haters, The Knowledge of Paul Graham, Epigenetic Reprogramming, and A lot Extra
This episode is dropped at you by Helix Sleep! Helix was chosen because the #1 general mattress of 2020 by GQ journal, Wired, Residence Remedy, and lots of others. With Helix, there’s a selected mattress to satisfy every physique’s distinctive consolation wants. Simply take their quiz—solely two minutes to finish—that matches your physique kind and sleep preferences to the proper mattress for you. They’ve a 10-year guarantee, and also you get to attempt it out for 100 nights, risk-free. They’ll even choose it up from you in the event you don’t find it irresistible. And now, Helix is providing as much as 200 {dollars} off all mattress orders plus two free pillows at HelixSleep.com/Tim.
This episode is dropped at you by ShipStation. Do you promote stuff on-line? Then you understand what a ache the transport course of is. ShipStation was created to make your life simpler. Whether or not you’re promoting on eBay, Amazon, Shopify, or over 100 different in style promoting channels, ShipStation permits you to entry your entire orders from one easy dashboard, and it really works with all the main transport carriers, regionally and globally, together with FedEx, UPS, and USPS.
Tim Ferriss Present listeners get to attempt ShipStation free for 60 days through the use of promo code TIM. There’s no threat, and you can begin your free trial with out even coming into your bank card information. Simply go to ShipStation.com, click on on the microphone on the high of the homepage, and sort in TIM!
This episode is dropped at you by Athletic Greens. I get requested on a regular basis, “For those who might use just one complement, what wouldn’t it be?” My reply is often AG1 by Athletic Greens, my all-in-one dietary insurance coverage. I really useful it in The 4-Hour Physique in 2010 and didn’t receives a commission to take action. I do my finest with nutrient-dense meals, after all, however AG additional covers my bases with nutritional vitamins, minerals, and whole-food-sourced micronutrients that assist intestine well being and the immune system.
Proper now, Athletic Greens is providing you their Vitamin D Liquid Formulation free along with your first subscription buy—a significant nutrient for a robust immune system and robust bones. Go to AthleticGreens.com/Tim to assert this particular supply right this moment and obtain the free Vitamin D Liquid Formulation (and 5 free journey packs) along with your first subscription buy! That’s as much as a one-year provide of Vitamin D as added worth whenever you attempt their scrumptious and complete all-in-one each day greens product.
Need to study extra about Web3 and crypto? Hearken to my podcast episode with Chris Dixon and Naval Ravikant by which we talk about what the neatest folks do on the weekend, fixing proof-of-work issues, the actual promise of Web3, why NFTs are greater than the sum of their JPGs, how skeuomorphic design might be utilized to Web3, why it’s nonetheless the early days of decentralization, the professionals and cons of crypto regulation, how DAOs work and what they’ll supply to society at massive, and far more.
#542: Chris Dixon and Naval Ravikant — The Wonders of Web3, How one can Decide the Proper Hill to Climb, Discovering the Proper Quantity of Crypto Regulation, Associates with Advantages, and the Untapped Potential of NFTs
What was your favourite quote or lesson from this episode? Please let me know within the feedback.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODE
- Join with Brian Armstrong:
Watch COIN: Amazon | iTunes | Vimeo on Demand
- Trailer for COIN: A Founder’s Story | YouTube
- Purchase, Promote, and Retailer A whole lot of Cryptocurrencies | Coinbase
- Discover a Tutor in Your Space | College Tutor
- Interview with Nomadic Entrepreneur and Creator, Brian Armstrong | JetSetCitizen
- How one can Market a E-book by Joanna Penn | Amazon
- How one can Dwell Like a Rock Star (or Tango Star) in Buenos Aires… | Tim Ferriss
- Audit, Consulting, Monetary, Danger Administration, Tax Providers | Deloitte
- 1998–2002 Argentine Nice Melancholy | Wikipedia
- Ideas for Coping with the Altering World Order: Why Nations Succeed and Fail by Ray Dalio | Amazon
- The Community State: How To Begin a New Nation by Balaji Srinivasan | Amazon
- Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Traits, Bitcoin Mining as Vitality Storage, Reputational Civil Struggle, and Maximalism vs. Optimalism | The Tim Ferriss Present #547
- Bitcoin Value Index and Dwell Chart | CoinDesk
- Gartner Hype Cycle Analysis Methodology | Gartner
- Y Combinator
- Mt. Gox | Wikipedia
- Brian Armstrong | Basis #35
- 15 Books That Modified The Means I Suppose by Brian Armstrong | Medium
- “Absolutely You’re Joking, Mr. Feynman!”: Adventures of a Curious Character by Richard P. Feynman | Amazon
- Steve Jobs and His Remarkably Easy Secret of Life | Inc.com
- Free to Select: A Private Assertion by Milton Friedman and Rose Friedman | Amazon
- Free To Select (TV Collection) | Prime Video
- Libertarianism | Stanford Encyclopedia of Philosophy
- Trip Leases, Cabins, Seashore Homes, Distinctive Properties, & Experiences | Airbnb
- The place the World Builds Software program | GitHub
- The Fierce Battle for the Soul of Bitcoin | Wired
- The High Concept in Your Thoughts | Paul Graham
- How one can Make Wealth | Paul Graham
- Haters | Paul Graham
- Coinbase is a Mission-Centered Firm | Coinbase
- Coinbase CEO Blames Distant Work for Inner Petition to Oust Execs | Fortune
- The Coddling of the American Thoughts: How Good Intentions and Unhealthy Concepts Are Setting Up a Technology for Failure by Greg Lukianoff and Jonathan Haidt | Amazon
- Black Lives Matter | Wikipedia
- Hacker Information
- Activision CEO Bobby Kotick Knew for Years About Sexual-Misconduct Allegations at Videogame Big | WSJ
- Startups Die of Suicide, Not Homicide | The Onerous Fork
- 10 Superior Makes use of of Cryptocurrency | Courageous New Coin
- The Visa Debit Card That Turns Your On a regular basis Purchases into Crypto Rewards | Coinbase Card
- Earn As much as 5.75% APY on Your Crypto | Coinbase Earn
- Institutional Crypto Investing | Coinbase Prime
- Monetary Planning & Funding Administration | BlackRock
- Digital Wallets, Cash Administration, and Extra | PayPal
- Ethereum Merge is Full — Right here’s What It Means for Traders | NerdWallet
- The Solana Blockchain — Ethereum Killer or Piece of a Bigger Puzzle? | Trendy Finance
- Lightning Community | Wikipedia
- Layer 1 vs. Layer 2 : What You Have to Know About Totally different Blockchain Layer Options | Medium
- Decentralized Identification Basis (DIF)
- Decentralised Naming for Wallets, Web sites, & Extra | Ethereum Title Service (ENS)
- Pokémon GO
- Flamingo DAO – What You Ought to Know About Decentralized Autonomous Organizations With Priyanka Desai And Aaron Wright | Trendy Finance
- Enterprise Capital Is Pouring Billions Into Crypto. Bitcoin’s Crash Is a Reminiscence. | Barron’s
- Coinbase NFT
- Metaverse | Wikipedia
- We’re Constructing a Web3 Metropolis of the Future | CityDAO
- NFTS Are Serving to Artists Clear up a Very important Drawback | The Guardian
- Your Key to the World of Crypto | Coinbase Pockets
- Half a Billion in Bitcoin, Misplaced within the Dump | The New Yorker
- New Coinbase Disclosure Reminds Bitcoin & Crypto House owners: ‘Not your Keys, Not your Cash’ | Cryptonews
- Multi-Signature | Bitcoin Wiki
- jlopp (Jameson Lopp) | GitHub
- Lopp’s Risk Index: Analyzing the High 5 Bitcoin Safety Threats | Forbes
- Getting Issues Finished: The Artwork of Stress-Free Productiveness by David Allen | Amazon
- David Goggins | YouTube
- Excellent Pet in 7 Days: How one can Begin Your Pet Off Proper by Dr. Sophia Yin | Amazon
- Citric Acid Cycle (aka Krebs Cycle) | Wikipedia
- Extending Human Healthspan | NewLimit
- Polymerase Chain Response (PCR) | Wikipedia
- Stream Cytometry | Wikipedia
- Why Coinbase’s Buying and selling Debut Is a Cryptocurrency Coming-Out Occasion | The New York Occasions
- What’s CRISPR? | New Scientist
- Walter Isaacson on CRISPR, Jennifer Doudna, Gene Modifying, and the Way forward for the Human Race | The Tim Ferriss Present #503
- Shinya Yamanaka Wins 2012 Nobel Prize in Drugs | UC San Francisco
- Google Ventures
- Understanding How COVID-19 Vaccines Work | CDC
- Open Science Group | ResearchHub
- The ResearchCoin Whitepaper | ResearchHub
- Increasing the Bounty Function and Educational Outreach (ResearchHub Group Name) | YouTube
- Nuclear Fusion Vitality Inches Nearer Towards Actuality | The Washington Publish
- Electrical Journey Autos | Rivian
- Free On-line Programs, Classes, & Follow | Khan Academy
- Genentech
- Bitcoin: A Peer-to-Peer Digital Money System by Satoshi Nakamoto | Bitcoin
SHOW NOTES
Word from the editor: Timestamps might be added shortly.
- How Brian’s first guide thought turned a weblog.
- Brian’s time in Buenos Aires.
- Current-day financial warning indicators.
- Coinbase beginnings: from genesis to the Purchase Bitcoin button.
- Influential human beings, books, and documentaries.
- Core ideas realized from early startup days.
- Favourite Paul Graham essays.
- Controversy: Coinbase turns into an apolitical, mission-focused firm.
- Cultivating resilience to resistance as a frontrunner.
- Competitors.
- What crypto skeptics and crypto bulls every get incorrect usually.
- Predominant use circumstances for crypto.
- Making the case that crypto continues to be in early days.
- Novel crypto concepts Brian thinks will show worthwhile.
- Classes realized from the launch of Coinbase’s NFT market.
- How Coinbase is addressing NFT safety.
- “Not your keys, not your crypto.”
- Self-improvement.
- Studying biology fundamentals from a tutor as an grownup.
- The objectives of NewLimit.
- What’s ResearchHub?
- How open bounties work.
- What excites Brian most about science right this moment?
- Brian’s billboard.
- Parting ideas.
MORE BRIAN ARMSTRONG QUOTES FROM THE INTERVIEW
“Discuss to the shopper, iterate, discuss to the shopper, iterate.”
— Brian Armstrong
“We weren’t even making an attempt to make an organization. We had been simply sort of making an attempt to study these items within the evenings in our free time.”
— Brian Armstrong
“If I’ve to return in every single day and be put in entrance of the recent mic and must reply all these loopy issues that I don’t have a solution to, that’s not what I signed up for. I need to construct cool stuff with expertise that modifications the world. That’s what I’m good at.”
— Brian Armstrong
“Actually, in the event you don’t have a competitor — individuals are naturally tribalistic — you’ll generally see tribes begin to kind inside the corporate and other people begin combating one another, so it’s really higher to have one thing outdoors the corporate that you just’re struggling towards.”
— Brian Armstrong
“It’s by no means pretty much as good because it appears, by no means as unhealthy because it appears, in crypto.”
— Brian Armstrong
“They educate you in PR coaching to pivot the query to the one you would like was requested.”
— Brian Armstrong
“If I simply take into consideration all the largest challenges that we’ve on the earth right this moment, I believe science and expertise are fairly good hammers to swing at these nails.”
— Brian Armstrong
“Essentially the most helpful corporations on the earth are after we cross-pollinate a real scientific innovation with somebody who can go commercialize it.”
— Brian Armstrong
“The best threat is just not taking one.”
— Brian Armstrong
PEOPLE MENTIONED
Associated and Advisable
The Tim Ferriss Present is one of the preferred podcasts on the earth with greater than 800 million downloads. It has been chosen for “Better of Apple Podcasts” thrice, it’s usually the #1 interview podcast throughout all of Apple Podcasts, and it has been ranked #1 out of 400,000+ podcasts on many events. To take heed to any of the previous episodes without spending a dime, try this web page.
