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 15 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
Armstrong: SEC settlement offer required delisting all cryptocurrencies except Bitcoin
“The settlement option on the table was to essentially delist everything other than Bitcoin, and so that would have been the end of the industry in the US.”
Armstrong: Undoing the GENIUS Act is a red line for Coinbase
“I think there's the bank trade groups, which I believe are trying to undo the genius act. Got it. It just got passed into law four months ago. And for us, that's a red line.”
Armstrong: Coinbase launched Coinbase Tokenized for funds and real estate
“Coinbase launched a product actually called Coinbase tokenized. So we're helping any fund or real estate project or anybody who wants to tokenize their products”
Armstrong: Coinbase deployed internal AI agents connected to all company data
“One of the big pushes we made in the last year was we got our own internal hosted AI model that was connected to all of our data sources, right? So it's like every Slack message, every Google doc, every Salesforce data confluence, you know, so now this is all …”
Armstrong: Coinbase allocates 5% of resources to legal issues, 95% to products
“Five percent of our resources is gonna go deal with that and make sure that's not an issue. 95% of us are here to build products.”
Armstrong: Coinbase's launch in India was shut down after three days
“I've, we launched, and it got shut down three days later, and we're gonna try to relaunch it again, so we need to get it there in emerging markets, too.”
Armstrong told Binance CEO CZ that acquiring FTX was a bad idea
“And I spoke to CZ about why he was considering buying the asset. I thought it was a bad idea.”
Armstrong: Coinbase eliminated open-mic Q&A sessions at company town halls
“So we got rid of the open mics.”
Coinbase passes ~100% of stablecoin yield economics to active rewards users
“So when customers do that, we actually pass along about a hundred percent of the economics to them for holding those stable coins with us.”
Armstrong: Coinbase lists any legal crypto asset meeting minimum cybersecurity standards
“So what we try to do is have minimum listing standards. So if we believe that there's a cybersecurity risk to it the developer could, you know, rug everyone, or if it's certainly, it's illegal from a compliance point of view, you know, there's a few different …”
Armstrong: Coinbase attempted user crypto ratings, but abandoned them due to user bias
“We tried making user ratings at one point. It didn't go that well because people were basically voting with their, whatever they liked, you know.”
Armstrong: Coinbase is not leaving the United States
“Well, we're not leaving America, that's for sure.”
Armstrong: Coinbase limits posting in large Slack channels to VPs and above
“Some of the things I mean, we've been trying is, for instance, if we get any kind of a slack room that has, say, more than 500 or a thousand people, we'll often try to limit it. So only, you know, you can, you have to be a VP or level nine and above can only p…”