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.
why aren't all 18 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
Lonsdale: Coinbase and Winklevosses refuse to hire Gensler's SEC staff
“They won't even hire anyone who worked with Gary on any of this stuff they were doing.”
Gerstner: Coinbase reported stock-based compensation equal to 70% of revenue
“Coinbase, I think just reported SBC, which Hold your hat, Saks, was 70% of revenue. Not 70% of their earnings. 70% of their revenue.”
Armstrong: 5% of Coinbase employees took exit packages during culture transition
“About five percent of the company opted into the exit package package.”
Sacks: Only 5% of Coinbase employees took severance over apolitical policy
“Well, only five percent took the policy.”
Armstrong: Four billion adults globally are unbrokered without investment access
“There's actually four billion adults who are unbrokered as well, which means they don't have any ability to invest in these high quality assets.”
Chamath: VCs distributed Coinbase stock to LPs right before direct listing
“Going into the Coinbase IPO, what all the venture investors did was distributed literally the day before and the day of the direct listing. So that you would get delivered your stock at the highest price so that you could sell.”
Armstrong: Coinbase customer funds are segregated and backed 1-to-1
“We're a public company. We're regulated. Our financial statements are audited. They can show that, you know, customer funds are segregated. They're backed one to one. We're not investing customer assets without their explicit direction.”
Balaji: Assets added during his tenure drive >50% of Coinbase revenue
“And the other assets that we added after I joined Coinbase are more than 50% of Coinbase's revenue, again, in their filings.”
Sacks: Coinbase reached $85B valuation despite political ban and NYT refusal
“Apparently, Coinbase's ban on politics in the workplace and their refusal to submit to New York Times interviews did not prevent them from creating an eighty-five billion dollar company.”
Sacks: Andreessen Horowitz generated about $20B in returns on Coinbase
“Andresa, but Andresa made like twenty billion of returns, of which, you know, they're probably getting 25, 30%. So they made the most money.”
Haidt: Brian Armstrong and Coinbase were first to enforce workplace mission focus
“Major, major kudos to Coinbase. They were the first one, Armstrong, he was the first one to really put that out there.”
Brian Armstrong: Coinbase has reached over 100 million global signups
“Yeah, I mean, we've had over a hundred million people sign up globally.”
Armstrong: Coinbase had no material exposure to FTX, Alameda, or FTT
“And I again, just for the sake of clarity, I should say that Coinbase did not have any material exposure to Alameda FTX or FTT token.”
Calacanis: Coinbase holds $6 billion in cash against a $12 billion market cap
“Coinbase, six billion cash, twelve billion dollar market cap.”
Sacks: Only 5% of Coinbase staff took severance over political ban
“They gave a generous severance package to anyone who didn't go along with it. It was only five percent took it.”
Balaji: Coinbase Earn is on track for $100M in revenue
“Coinbase Earn is on track for a hundred million revenue.”