Some potential use-cases for crypto (4 minute read)
In this Twitter thread, Sam Bankman-Fried presents several use-cases for crypto. He covers payments, market structure, and social media. Crypto makes sending money cheaper, faster, and less risky. It can make trading stocks almost instant with fewer fees, creating a simpler, more equitable, and less risky market structure. Crypto can make social media more censorship-resistant and make different networks compatible.
A number of people have asked me how Coinbase wins in this environment, and turns it into an opportunity for growth (1 minute read)
Coinbase is well capitalized, trusted, easy-to-use, and it features an integrated product suite. Users can trade, stake, pay, borrow, create, and more on the platform without having to understand the technical details of the technology. Coinbase will stay focused on shipping trusted, easy-to-use, and fully integrated crypto products during the crypto market downturn.