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AlanaDLevin
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It's genuinely incredible that one of the most important data center companies started off as a
bitcoin
miner
#BTC
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AlanaDLevin
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Should stablecoin reserves be tokenized?
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1/ State of the perps market Understanding (the) hype
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The #1 question that matters when buying a token: what belief does buying this asset allow me to express about the future?
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One of the most striking insights from Coinbase's State of Crypto summit today came from @brian_armstrong's fireside: how is it that Coinbase is such a startup factory? There are more paths to a yes than a no Twice a year, Coinbase holds an internal pitch competition, where anyone can suggest an initiative for Coinbase to pursue. Every internal leader has a budget for these venture-like bets; all it takes is ONE yes to get an initiative greenlit When making venture bets, there are often far more paths to a "no" than a "yes" - it's often easier to imagine how something can go wrong than how it can go really right. Coinbase inverted this model and my guess is that it's a big part of the reason why Coinbase is such an impressive founder factory
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Fun thought experiment: can you think of people who were bearish Circle at $5B but bullish at $15B?
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