Chapter
The Future of Crypto and Global Financial Systems
1:42:32 - 1:51:37 (09:05)
Crypto is creating a new decentralized financial system, and like the internet, there will be big winners but thousands of startups, vastly improving the financial freedom of people in the West, while big banks and governments seem to overlook it. Estimates suggest that around 200 million people worldwide have used or tried crypto.
Clips
Only around 10 million of Coinbase's 89 million verified accounts are active each quarter.
1:42:32 - 1:46:12 (03:39)
Summary
Only around 10 million of Coinbase's 89 million verified accounts are active each quarter. Coinbase has pushed back on some attempts to access user information on legal grounds, with the company's legal team balancing the needs of preventing bad activity while enabling innovation.
ChapterThe Future of Crypto and Global Financial Systems
Episode#307 – Brian Armstrong: Coinbase, Cryptocurrency, and Government Regulation
PodcastLex Fridman Podcast
In the future, crypto startups will just be called startups, and if blockchains become more scalable and there is more global adoption, remittance quarters will move to crypto.
1:46:12 - 1:48:17 (02:04)
Summary
In the future, crypto startups will just be called startups, and if blockchains become more scalable and there is more global adoption, remittance quarters will move to crypto.
ChapterThe Future of Crypto and Global Financial Systems
Episode#307 – Brian Armstrong: Coinbase, Cryptocurrency, and Government Regulation
PodcastLex Fridman Podcast
The rise of China with its more authoritarian view may lead to a centralized East vs a decentralized West with people in the West embracing crypto and a more open, fair global financial system which can be hugely beneficial for humanity; this is not yet on the radar of older generations such as those who run big banks and governments.
1:48:17 - 1:51:37 (03:20)
Summary
The rise of China with its more authoritarian view may lead to a centralized East vs a decentralized West with people in the West embracing crypto and a more open, fair global financial system which can be hugely beneficial for humanity; this is not yet on the radar of older generations such as those who run big banks and governments.