Thanks #Bitcoin for supper 😭😭 pic.twitter.com/fjI8g4hc9l
— Mad Lipz (@IsManue_) May 9, 2022
Remember this? https://t.co/PvkdNlzNjQ
— Digital Asset Investor (@digitalassetbuy) May 13, 2022
Coinbase is more a less a fentanyl dealer. https://t.co/wD0XlyqcTb
— Mr.Hodl 🌕🍿 (@MrHodl) May 13, 2022
This is the boss of @coinbase.
— Nassim Nicholas Taleb (@nntaleb) May 12, 2022
Mr Armstrong, please do not invoke *my* concept of Anti-fragile when you are maximally fragile, while exposing yourself to a yuuge left tail risk.
I am fed up with pple mis-citing my work. https://t.co/3d9kEaqbEp
In down markets we see opportunity and tend to pull ahead. Anti-fragile.https://t.co/cSb7D3KrHS
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 12, 2022
Top of Mind: Staying Focused During Market Downturns In times like these we need to step back, and zoom out. Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet. .......... I don’t know how long this down-cycle will last, or if we are at the bottom. I just know that we will make it through to the other side, and we come out stronger than ever if we focus on what matters: building. ............ We are not our stock price, or the price of bitcoin. Maintaining our focus on the long-term mission, regardless of what the world is doing around us, is the only way we’ll succeed with ambitions as large as ours. ........ There is a real art to tuning out all the noise in the world, and focusing on the rare bit of signal which helps you develop your own convictions. ..... The down markets bring a focus on innovation, and the short term thinkers tend to get distracted and leave the ecosystem. In up markets we get to focus on scaling, and a massive wave of adoption introduces crypto to more people for the first time. Every time a new hype/despair cycle emerges, my main takeaway is to be thankful that we persisted through the last one with our long term thinking. ........ If you can’t ignore the hype while things are trending up, then you can’t ignore the despair when things are trending down. Stay strong, keep a long term perspective, and let’s keep building.
1/ There is some noise about a disclosure we made in our 10Q today about how we hold crypto assets. Tl;dr: Your funds are safe at Coinbase, just as they’ve always been.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
2/ We have no risk of bankruptcy, however we included a new risk factor based on an SEC requirement called SAB 121, which is a newly required disclosure for public companies that hold crypto assets for third parties. https://t.co/lwmgb1kFtA
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
3/ We believe our Prime and Custody customers have strong legal protections in their terms of service that protects their assets, even in a black swan event like this.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
4/ For our retail customers, we’re taking further steps to update our user terms such that we offer the same protections to those customers in a black swan event. We should have had these in place previously, so let me apologize for that.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
5/ This disclosure makes sense in that these legal protections have not been tested in court for crypto assets specifically, and it is possible, however unlikely, that a court would decide to consider customer assets as part of the company in bankruptcy proceedings...
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
...even if it harmed consumers.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
6/ We should have updated our retail terms sooner, and we didn't communicate proactively when this risk disclosure was added. My deepest apologies, and a good learning moment for us as we make future changes.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
7/ Finally, we of course offer a self-custodial wallet solution (Coinbase Wallet) for those who prefer to store their own crypto. Our goal is to make the best custodial and self-custodial solutions in crypto - each carry their own risks and benefits, and it's important...
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
8/ ...that customers can choose the best solution for their needs. We'll continue working to improve customer protections in all our products across both categories.
— Brian Armstrong - barmstrong.eth (@brian_armstrong) May 11, 2022
Crypto’s emergence as a geopolitical force
Let others panic.
— Brendan Rogers (@Brendanprogers) May 12, 2022
Keep building.
Keep shipping.
Biden’s mistake is that he thinks he was elected to transform the country, but actually everyone just wanted less drama
— Elon Musk (@elonmusk) May 12, 2022
Events take over.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
I'm curious... have you gotten a job, hired someone, or found an investor through Twitter?
— Justin Gordon (@justingordon212) May 12, 2022
(And if so, how?)
Can you please introduce me to some of your investors? Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Yup! Almost all @_EnrichedHQ Angels came via Twitter. You could say that this bird app IS our👼
— Carleen Haylett (@carleenhaylett) May 12, 2022
How? Just engaging. Sticking our nose into someone else's tweets. Building relationships. That's it.
This place is so powerful l, it’s much better then LinkedIn IMO for connecting and creating good relationships.
— Kori Handy (@Korihandy) May 12, 2022
Will you introduce me? Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Twitter hasn't helped me find a job, but it helped me find my husband. I replied to a tweet @adamostrow sent from BlogWorld in 2010, and now we have two crazy toddlers. Be careful what you tweet. 😜
— Kendall Ostrow (@KendallOstrow) May 13, 2022
This tweet is the top response. :)
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Please introduce me to some of those angels. Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
wow, that's awesome!
— Justin Gordon (@justingordon212) May 12, 2022
I'm at @VitalizeVC because of Twitter and so grateful 😊
Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
Russia's Democracy Movement will be tokenized. https://t.co/YaBK8rHUwV #russia #ukraine #UkraineRussiaWar #Russian #PutinWarCriminal #Navalny #alexeinavalny #UkraineRussia Please take a listen. This is my pitch.
— Paramendra Kumar Bhagat (@paramendra) May 13, 2022
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