A Cheeky Pint with Coinbase CEO Brian Armstrong

Video Description

Brian Armstrong joins John Collison to talk about what’s happening behind the scenes at Coinbase: battling North Korean hackers, war stories from early scaling, confronting people who won’t use AI to code, Coinbase becoming people’s primary financial account, and why banks are now embracing crypto. Full transcript on Substack: https://cheekypint.substack.com/p/coinbase-ceo-brian-armstrong-on-bitcoin Subscribe to Cheeky Pint YouTube: https://www.youtube.com/playlist?list=PLcoWp8pBTM3ATMYLP-hFIhJORSw-nFOiY Spotify: https://open.spotify.com/show/2IHbGJJMpiFoz5YrvRfTFw Apple Podcasts: https://podcasts.apple.com/us/podcast/cheeky-pint/id1821055332 Substack: https://cheekypint.substack.com/ Key moments00:00 Intro 01:14 How Coinbase won the exchange market 06:22 Losing money on every bitcoin purchase 10:54 North Korean hackers 14:54 The Everything Exchange 17:39 Crypto will be bigger than gold 19:22 Stablecoin adoption 23:28 Jamie Dimon and big banks on crypto 26:44 Coinbase as your primary financial account 27:53 Neobanks 29:41 Bitcoin going to $1 million 33:16 Crypto in an investment portfolio 34:43 GENIUS Act 37:10 Electing a pro-crypto Congress 45:24 Reforming accredited investor rules 48:33 Squashing scams 50:11 Bitcoin preserving the American experiment 57:09 Balaji Srinivasan 01:01:05 The mission-first company announcement 01:05:50 How does Coinbase focus? 01:07:44 Venture bets and Brian vetoing USDC 01:12:02 Brian’s AI coding mandate 01:15:13 Advice for Stripe