Episode
E77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
1:04:39
Published: Sat Apr 23 2022
Description
0:00 Bestie Intros + a new Bestie Guestie! 4:37 Coinbase CEO Brian Armstrong reflects on his "mission-focused company" blog post, work culture in tech/Silicon Valley, realigning culture at Coinbase 26:25 Crypto regulation and adoption 46:37 Brian's takes on different types of stablecoins 51:14 Netflix's major headwinds Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://blog.coinbase.com/coinbase-is-a-mission-focused-company-af882df8804 https://www.theverge.com/2021/5/12/22433437/apple-hire-antonio-garcia-martinez-out-petition-investigation https://www.theverge.com/2021/5/20/22446059/apple-employees-palestinians-support-internal-letter-tim-cook https://www.theverge.com/2021/6/4/22491629/apple-employees-push-back-return-office-internal-letter-tim-cook https://www.wsj.com/articles/revolt-in-disneys-florida-kingdom-ron-desantis-bob-chapek-11650578648 https://variety.com/2021/film/news/dave-chappelle-netflix-ted-sarandos-i-screwed-up-1235093098/ https://sacks.substack.com/p/your-startup-is-a-movement?s=r https://twitter.com/brian_armstrong/status/1435439291715358721 https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/ https://www.investopedia.com/terms/h/howey-test.asp https://www.wsj.com/articles/crypto-thieves-get-bolder-by-the-heist-stealing-record-amounts-11650582598 https://techcrunch.com/2022/04/06/axie-infinity-creator-raises-150m-round-to-compensate-victims-of-625m-ronin-hack/ https://twitter.com/balajis/status/1402030233319088139 https://nypost.com/2022/04/21/ex-mcdonalds-ceo-rensi-companies-have-no-business-in-politics/ https://www.pbs.org/newshour/arts/netflix-loses-200000-subscribers-projects-even-deeper-losses-this-spring https://www.google.com/finance/quote/NFLX:NASDAQ https://ycharts.com/companies/NFLX/market_cap https://www.bloomberg.com/news/articles/2022-04-20/ackman-loses-more-than-430-million-on-three-month-netflix-bet https://www.google.com/finance/quote/FB:NASDAQ https://www.google.com/finance/quote/GOOG:NASDAQ https://twitter.com/elonmusk/status/1516600269899026432 https://summit.allinpodcast.co/
Chapters
Jason invites a guest to the sold-out All In Summit less than 30 days away.
00:00 - 02:12 (02:11)
Summary
Jason invites a guest to the sold-out All In Summit less than 30 days away. The episode promises to be great.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation centers around work productivity and how personal health can play a role in keeping focus.
02:12 - 05:09 (02:56)
Summary
The conversation centers around work productivity and how personal health can play a role in keeping focus. An ad for a personal health product, Munique, is mentioned towards the end of the transcript.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The fear of internal dynamics has prevented some Silicon Valley employees from leaning in and moving their companies in a progressive direction.
05:08 - 12:36 (07:27)
Summary
The fear of internal dynamics has prevented some Silicon Valley employees from leaning in and moving their companies in a progressive direction. Hosting open mic Q&As like Google and Facebook may help alleviate these fears and encourage positive change.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The increasing challenges companies face with distractions and the potential cost of that distraction make it more important than ever for CEOs to stay focused on the goals of the company, says David Buerle and Brian Chesky in a podcast.
12:36 - 20:12 (07:35)
Summary
The increasing challenges companies face with distractions and the potential cost of that distraction make it more important than ever for CEOs to stay focused on the goals of the company, says David Buerle and Brian Chesky in a podcast. They discuss strategies for staying focused at work and why it's important to maintain a strong company culture.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The best way for young people to affect change is to start or join a company, as they can have a more significant impact by using decentralized systems and aggregating resources to affect outcomes.
20:12 - 26:43 (06:31)
Summary
The best way for young people to affect change is to start or join a company, as they can have a more significant impact by using decentralized systems and aggregating resources to affect outcomes. Being mission-driven as a company leader can also help in making a strong point of view heard.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Countries with higher economic freedom tend to have better outcomes in terms of growth, happiness, environment, and income equity.
26:43 - 35:35 (08:52)
Summary
Countries with higher economic freedom tend to have better outcomes in terms of growth, happiness, environment, and income equity. Cryptocurrency may be a way to inject economic freedom into countries all over the world.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The origin of securities laws is to protect individuals from being swindled and to protect storytellers from ripping off people, thus creating a set of laws that the government can enforce through the risk of imprisonment.
35:35 - 43:09 (07:33)
Summary
The origin of securities laws is to protect individuals from being swindled and to protect storytellers from ripping off people, thus creating a set of laws that the government can enforce through the risk of imprisonment. Going back to the prototypical days of raising money without any regulation could lead to potential chaos and negative implications for individuals and investors alike.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As more people take control of their own assets through self-custody, there is a need for updated regulations regarding information security, AML, and KYC.
43:09 - 49:56 (06:47)
Summary
As more people take control of their own assets through self-custody, there is a need for updated regulations regarding information security, AML, and KYC. Congress needs to update existing laws to allow the CFTC and SEC to do their job, even as new coins that assume inflation are emerging.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The cost of customer acquisition for streaming companies as well as customer churn due to lack of value and the challenge of being an effective monopoly are the macro and micro challenges facing Netflix.
49:56 - 58:21 (08:24)
Summary
The cost of customer acquisition for streaming companies as well as customer churn due to lack of value and the challenge of being an effective monopoly are the macro and micro challenges facing Netflix.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A discussion about how Netflix has lost touch with the majority of audiences and how HBO takes more risks in their programming.
58:21 - 1:02:40 (04:19)
Summary
A discussion about how Netflix has lost touch with the majority of audiences and how HBO takes more risks in their programming.
EpisodeE77: Tech work culture, crypto regulation, stablecoins, $NFLX & more w/ Coinbase CEO Brian Armstrong
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The "All In" podcast will have a great lineup of speakers including Ryan Peterson, Nate Silver, Palmer Luckey, Keith Rabois, and more.
1:02:40 - 1:04:29 (01:49)
Summary
The "All In" podcast will have a great lineup of speakers including Ryan Peterson, Nate Silver, Palmer Luckey, Keith Rabois, and more.