In his recent quarterly earnings call, Coinbase CEO Brian Armstrong said, “Ironically… I’ve never been more bullish on where we are as a company.”
He said that in the midst of a cryptocurrency free-fall. Coinbase stock dropped 60% in five days.
Armstrong even admitted that he’s anticipating a so-called “crypto winter.” But he is confident that the company can survive it by making good use of its $7 billion balance sheet and by “hiring talent and acquiring companies.”
Maybe. I don’t think the cryptocurrency industry is over yet. There will likely be upticks in the future. But given the existential threat that cryptocurrencies pose to all governments that print fiat currencies, I’m betting they will become, in my lifetime, a thing of the past.
And I just saw this little news item:
New York Senate Passes Moratorium on Bitcoin Mining
Brilliant. Scary. Crazy. Meet Victoria Shi She is a spokesperson for Ukraine’s Ministry of Foreign Affairs. But she’s not real. She’s AI-generated. In this clip, she introduces herself and explains how she was…
California Senate Bill 107 passed the Assembly Appropriations Committee on Aug. 3 with an 11 to 4 vote along party lines. It’s objective: to “make California a ‘sanctuary state’ for children seeking…
Two political leaders in Connecticut were arrested and charged with election fraud last week. City Councilman Alfredo Castillo, Vice Chair of Bridgeport’s Democrat Party, and Wanda Geter-Pataky, head of the…
New York isn’t the only state losing entrepreneurs and high-income earners to lower-tax and lower-cost-of-living states like Florida and Texas. California is having the same experience. And for similar reasons…
I don’t think about incarceration data, SAT results, or other “systemic” issues… I think about this. And this. A Modern-Day Witch Trial There are many good people working in and around the challenge of autism…
