Saturday, May 14, 2022

Pitching Paul

Friday, May 13, 2022

The Coinbase Turmoil



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.



Crypto’s emergence as a geopolitical force

Thursday, May 12, 2022

May 12: News