My conversation with @brian_armstrong, co-founder and CEO of @coinbase and @newlimit. 0:00 Crypto Power in DC 0:25 Market Structure Clarity 1:39 SEC Lawfare Origins 5:49 Suing the Regulator 9:09 Winning the SEC Case 11:11 Long Term Founder Mindset 12:20 Autism and Focus 15:04 Mission First Company Culture 21:10 Rebuilding From Scratch 23:05 Follow Your Nose 25:20 From Side Hustles to Coinbase 30:07 Argentina and Bitcoin Spark 32:33 Airbnb to Coinbase Nights 36:25 Finding a Co-founder 37:35 YC Without a Co-founder 38:41 Finding the Perfect Partner 40:18 Losing Money Per Trade 41:23 Support Backlog Chaos 43:29 Banking and Compliance Gauntlet 47:47 Raising Fast to Survive 51:36 Mission Values and Inspiration 57:54 Hiring for Spikes 1:02:14 Centralized vs Decentralized 1:05:51 From Bitcoin Wedge to Super App 1:07:59 How Coinbase Runs Today 1:11:00 Decision Speed and Risk 1:12:43 Internal Venture Bets 1:14:46 Funding Ideas Internally 1:15:18 Coinbase Marketing Experiments 1:16:56 Internet Native Shareholder Updates 1:21:58 Media Diet and Going Direct 1:26:47 Building a New Industry 1:31:44 Starting New Limit Longevity 1:36:17 CEO Stress and Routines 1:40:59 AI Agents at Coinbase 1:44:35 Base App Explained 1:46:47 Other Bets and SEZs 1:49:21 Closing Thanks Includes paid partnerships.