The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

clear all ✕

why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

Insight
Armstrong: Financial freedom is necessary for all other freedoms
“If you can't like store your own wealth in a way that it can't be taken from you, then you probably don't have freedom in any other thing.”
Brian Armstrong Nov 7, 2022 ▶ 40:10 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Brian Armstrong: Crypto brands must stand up to bad government occasionally
“This is where like we often struggle as a company where, you know, 95% of the time, I think being the most trusted brand in the space is about working with the government. And I'm happy to show up in D.C. Anywhere, and I work with people, and we, 95% of the ti…”
Brian Armstrong Nov 7, 2022 ▶ 49:37 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Political and governance issues, not tech, block crypto scaling
“Actually, the biggest challenge in scaling digital currencies right now is not a technical one. I think it's a political one or a governance one, if you want to call it that.”
Brian Armstrong Aug 4, 2017 ▶ 17:27 20VC: Coinbase's Brian Armstrong on The Rise & Short Term Correction in ICOs, The Regulatory Framework Required For Blockchain To Succeed & How The Rise of Blockchain Disrupts The VC Industry
Insight
Armstrong: Personal consumption is wasteful unless it increases productivity or family time
“I think most personal consumption, unless it's there to basically help your productivity or to just give you more time with loved ones is kind of a waste.”
Brian Armstrong Nov 7, 2022 ▶ 32:18 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Entrepreneurs face existential crisis when fear-based motivation wanes
“I've seen a lot of entrepreneurs kind of go through this existential moment of crisis after they start to lose the initial thing that was driving them like fear, anger, and then they have to move towards, you know, something that brings them actual joy or love…”
Brian Armstrong Nov 7, 2022 ▶ 1:56 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Startup goals are largely secured once 60% to 70% complete
“I don't usually by the time I accomplished some goal that I've set, maybe I've worked on it for years by the time I actually hit it. I'm usually don't not even thinking about it. I'm like, cause you know, by the time you're at like, 60%, 70%, you're like, oh m…”
Brian Armstrong Nov 7, 2022 ▶ 4:07 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Corporate PR speak during public crises only angers people further
“They just want to hear like, okay, here's the part that we could have done better. And here's the part by the way, that's misinformation. And just. If you, if it is true, the world seems to like, believe it and they'll go back to focusing on something else. An…”
Brian Armstrong Nov 7, 2022 ▶ 13:43 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Companies need single directly responsible individuals to prevent vetocracies
“Often in big companies, You'll get these, like, kind of V talker sees of there's like seven people, 10 people involved in this thing, and each one of them thinks they can veto or whatever if they don't agree. And then you basically end up having a committee, d…”
Brian Armstrong Nov 7, 2022 ▶ 20:47 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
Insight
Armstrong: Y Combinator's core value to founders is confidence, not money
“Y Combinator, there's sort of this underappreciated aspect of it where they make young people who are not quite confident in their decision about what they want to build in the world a little bit more confident just by giving them the money. It's actually the …”
Brian Armstrong Aug 4, 2017 ▶ 4:52 20VC: Coinbase's Brian Armstrong on The Rise & Short Term Correction in ICOs, The Regulatory Framework Required For Blockchain To Succeed & How The Rise of Blockchain Disrupts The VC Industry
Insight
Armstrong: Bain's RAPID decision framework is effective for companies over 500 people
“We also use a decision-making framework called RAPID R-A-P-I-D, which Bain developed And it's, I found it to be pretty helpful as a, as an organization gets to be more than, I don't know, 500 people where you just can't really keep track of who everyone is and…”
Brian Armstrong Nov 7, 2022 ▶ 20:13 Brian Armstrong: Coinbase’s Failed NFT Launch, Thoughts on SBF & FTX, Crypto Winter | 20VC #946 · 20VC with Harry Stebbings
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