The Future of Crypto

This episode is brought to you by:

Paxos. Paxos offers your customers crypto buying, selling, transferring, and more with easy-to-integrate APIs. Whether you’re a small fintech or a large financial institution, Paxos takes care of everything in the backend – from licensing and compliance to custody and exchange. You can start offering crypto to your customers within months. To learn more, visit paxos.com/patrick.   

Bottomless. Bottomless is a smart coffee subscription which automatically re-orders coffee for you based on your consumption habits. Bottomless is offering one month and your second bag of coffee for free at bottomless.com/patrick.

[00:02:23] – (First question) – Most important developments in cryptocurrencies

[00:03:00] – What happened in crypto over the last decade

[00:03:01] – What will happen to cryptocurrency in the 2020s

[00:04:01] – Long term vision for Coinbase

[00:06:57] – Why should we be aiming towards an open financial system

[00:11:41] – How crypto improves the movement of money

[00:14:22] – Creating sound money and currencies 

[00:16:21] – Why economic freedom is an important variable in what he’s trying to do 

[00:19:44]  – How economic freedom can happen with various regulators around the world and in different countries

[00:22:49] – How Coinbase attracted its first users

[00:26:33] – The December 2017 madness of cryptocurrencies

[00:29:50] – How he thinks about recruiting teams and motivating them to be productive

[00:33:40] – Mistakes with people he’s learned from

[00:34:56] – Steering a product roadmap and creating a successful business

[00:37:17] – What do the non-Bitcoin currencies offer that Bitcoin doesn’t

[00:41:19] – Innovation in cryptocurrency that excites him: DeFi

[00:43:40] – Interesting geographic locations and their impact on crypto

[00:45:29] – How his thoughts on company building has changed over the years

[00:46:47] – Battling any loss of confidence as a founder

[00:51:01] – Improving decision making as a leader 

[00:53:54] – Aspects of the job that he loves the most today

[00:56:25] – Largest impediments to mass adoption of crypto

[00:58:25] – His curiosity for scientific research and bioengineering

[00:59:19] – Advice that helped him that he would offer others

[01:01:38] – Kindest thing anyone has done for him