1/ @LisaCuesta and I are incredibly proud to launch @CrediblyNeutral, a $5.5m builder-led early stage venture fund investing $50-250k in protocols, infrastructure, and crypto SaaS solutions. Read on!

Be so good that your competition has your app downloaded, but not their own.

New Yorkers, please come out against Mamdani. Early voting starts tomorrow. He's a literal socialist that will turn NYC into SF and it will take a decade to undo the damage. Socialism is evil and unamerican. It has no place here.

When I met my wife she was a 2x Ivy League VC and I was a poor consultant living with my mom. She paid off my CC debt and went halvsies on her engagement ring. Looking back she said "when I met you I knew I was getting a rocket ship, I just didn't know which way it was going!"

I guess they don’t 🤔

Today, we announced that @Coinbase is funding and supporting a lawsuit by six individuals against the Treasury Department’s sanctions of Tornado Cash’s smart contracts, an open source piece of software. You can read more about the details here: blog.coinbase.com/defending-…

Its over. Your gf works in finance. She has sided with the enemy. You must get her into crypto or break up - those are the only two choices.

Those with college degrees voted 60/40 for Mamdani. Those without voted 60/40 for Cuomo. Don't you ever tell me our higher education system isn't indoctrinating our youth. Liberal run cities are so fucked holy shit. You'd think we'd learn from SF and Chicago, but no.

I literally can't believe people use any exchange that is not Coinbase: - public company with audited financials - doesn't degen with user funds - best in class custody and security - fights for crypto and decentralization - sits at (0,0) on the Fuck Around / Find Out chart

Crypto won. Next we're going to: - Free Ross - Fire Gary - End Operation Chokepoint 2.0 - Pass common sense stablecoin legislation - Enable in-kind redemptions - Turn on staking in ETH ETFs - Shutter SEC lawfare investigations - Provide regulatory clarity for crypto

Be careful man. Islamists have a history of killing of politicians, reporters, professors, and others in Europe. And the governments there didn't stand against them because they were afraid of being called islamophobes so the killings continued.

I will say, going from 1 kid to 2 is really fucking me up. We're in the thick of it now. It's doubly hard if you're ambitious because the time just disappears and you don't know where it went and you haven't accomplished much of anything.

Do you *really* want courts looking at your listing process and comms?

Choosing not to get the vaccine shows you are an independent thinker that likes to do your own research, except you're absolutely garbage at it.

Bitcoin can use all the energy it wants if you ask me. A global, decentralized, permissionless money is one of the most important inventions of our time. I will die on this hill.

My family escaped socialism 25 years ago by coming to America. Now we must stand and fight it here before it takes root. I voted for Cuomo and if you care about America, NYC, or even just your own well-being or that of your kids, vote Cuomo!

93% of people that have kids don't regret it 67% of people that don't have kids regret not having them Having kids is probably the safest bet with the surest payout you'll make in life. Once you have a child you realize how little other things matter.

This is legit the easiest decision ever. Choose the 6/10 every single time. Having a great partner is by far the single largest quality of life improvement. Nothing comes even close. Not money, not location, not fitness, nothing. Now that I've been married a few years and am two kids deep, I can tell you with no hesitation that is incredible, truly unbelievable, how good life is when you have a great wife. The peace and happiness, the support, the love and understanding, and so much more makes every day a joy even when there's financial or health issues. Life is really quite simple once you boil it down - get married and have babies. Everything else is a side quest.

Btw Coinbase didn't join as #500 in the S&P500. We're rank 157. And we're just getting started.

I voted against socialism and you should too.

Uniswap is literally the textbook definition of a perfect protocol. 100% permissionless, decentralized, and credibly neutral. No upgrade keys, no multisig, no shenanigans. Very limited governance. They will prevail in court and set precedent for the rest of the industry 🫡

Paying off my mom's mortgage early by taking out loans on @AaveAave. Highly overcollateralized so liq risk is very low and the additional incentives in AAVE and MATIC tokens make the real interest rate negative. DeFi is fucking amazing - we are living in the future.

Low t things: 1. Having pets instead of kids 2. Curtailing energy production and usage 3. Advocating for censorship 4. Believing the world is getting worse 5. Normalizing a lack of mental and physical health 6. Handing the government more power 7. Giving up on being free

New Yorkers, not voting for Cuomo because you’re not excited about either candidate means you’re implicitly voting for Mamdani. Mamdani will destroy NYC and will make your life worse. Please vote for the lesser of two evils. Vote Cuomo.

If you're a Coinbae that left, come back. @Coinbase is in a much, much better place than its been in the 4 years I've been here. I promise whatever gripe you had is either completely fixed or much better now. It's not perfect, but there's likely no better place for you.

This is a @cobie appreciation post. Generational wealth changes people. It's tough to get up at 5am and work your ass off when you're sleeping in silk sheets. Cobie could have ridden off into the sunset long ago, but instead decided to found another startup solving one of this industry's biggest challenges - democratizing investing access to promising projects at their earliest stages. Early access is a bedrock of crypto - anyone could have mined or bought bitcoin or participated in the Ethereum ICO. Instead, the meta (almost entirely caused by vicious regulators) has become maximizing valuations in private markets and leaving the down only charts to retail investors. This has contributed to the current apathy and financial nihilism all around us. I recommend every protocol do a sale on @echodotxyz and let the community grow with you. And when I say community, I mean actual community, not KOL rounds and VC allocations masquerading as a community. Cobie just made his account public again after being private for years. Give him a follow if you haven't yet in case he changes his mind ;)

Friends, I'm happy to say that I'm leading up this effort. DM me if you'd like to grab some time to chat Lightning support at @Coinbase. Particularly keen to get insights on lift to add support, UX flows, open source tooling, service providers, and edge cases. Thanks!

Hearing rumors that Coinbase has - no exposure to Celsius, 3AC, Voyager, etc - no losses from our financing book, - no exposure to client or counterparty insolvencies, - no gating for client loan recalls or withdrawals, and - no changes in access to credit for our trading clients

1/ Congratulations to the @eigencloud team on launching the EIGEN token! This is a *wildly* different design from anything we’ve seen to date so I’d like to share simple explanations of the most important concepts in EIGEN to help everyone grok it. Let’s dive in 👇

Can't believe that this still needs to be said, but communists and socialists are evil, stupid, or both. If you want cheaper housing, make it cheaper and easier to build homes and they will be built! Lower regulatory burdens, accelerate permit approvals, and stop requiring weird carve outs. If you want cheaper transit, figure out what its cost centers are and lower them! Namely, eliminate unions, modernize the infrastructure, and transition to electric vehicles. If grocery prices are too expensive, petition the federal government to get inflation under control! Lower city taxes so New Yorkers keep more of their paychecks. The government is literally the cause of these problems. Solving them requires less government, not more! It requires technological innovation, cultivating abundance, and empowering individuals and companies. We have a choice between two idiots: one who will make the city slightly worse and another who will destroy it. Zohran Mamdani is a scourge - please vote against him and his destructive policies. They do not work, they have NEVER worked, and they will only cause harm to all of us.

It's 30x harder to get a job at @Coinbase than to get accepted to @Harvard. That is so fucking based.

Our family is scaling via a parallelized Layer 2 strategy with the addition of our second son Augustus ❤️

Guys USD stablecoins won, it's over. The world is going to become more dollarized than ever and the US is going to continue to be the dominant global power for the next few decades. Believe in America. It is the future. 🇺🇸

The only thing that matters for Ethereum is making it feel like one chain by fixing L1 <> L2 <> L2 interop. You can basically stop working on anything else because unless this is addressed asap, none of the other stuff will matter. I'm serious, drop what you're doing and do this.

We're homeowners! 🔑🏡

Some people would leave behind everything and everyone they've ever known, move thousands of miles, start from nothing, learn a new language, culture, and legal system, and re-acquire their licenses and degrees to have even a shot at this kind of life. Others take it for granted

Guys, stablecoin payments will literally all be free. No vig on the tx. No tx fees. The money will be made in issuance. The winner in this category will be a large payments company that's brave enough to try the new business model and cannibalize their existing model.

Ethereum is fucking awesome and it's going to change the world.

Please tell me it's a minivan. You can singlehandedly help turn around our declining birthrate!

I put .12 ETH and 50 USDC in Uniswap while demoing it a year ago and forgot about it. Just checked and I now have .19 ETH and 400 USDC. This is hilarious, I fucking love defi.

I'm hosting a podcast episode with @brian_armstrong and @VitalikButerin (🤯), what should I ask them!?

Good. Iran is in the most literal sense spreading terrorism and their possession of nuclear weapons would have given them incredible, unchecked power. Those nukes would have only ever had two targets - America and Israel. Everyone should be celebrating this.

I'm thrilled that @Coinbase is moving forward with supporting Lightning and grateful that I was able to contribute to this decision We're just starting on the hard bit now - doing the actual integration - but I wanted to take a moment to highlight the folks that made this happen

One of the best things about working at @Coinbase is that there's zero talk of Trump vs Kamala, culture wars, immigration policies, cat eating, etc. Day in, day out, all we're focused on is our mission to increase economic freedom in the world.

I love America and I don't mind taxes, but it should be illegal to be taxed more than 50% on anything. How can the government be more entitled to the rewards of my work than I am?

I like to think @cobie is the only one working on @echodotxyz. Writing all the code, answering support emails, sourcing deals, tweeting, etc. Just him, a crumpled up pack of cigarettes, and a small landfill of coffee mugs bringing ICOs back.

Maybe popular opinion, but I think crypto gaming is ngmi. The investors never invested in games before, the devs get paid out too quickly, bots + MEV wreck real players, and no protocol is sufficiently scalable for mass market success. See y'all in 5 years.

Im so grossed out by the level of spite a small number of Ethereum community members are showing to Polygon. The Polygon team has been nothing but supportive of the Ethereum community and ethos for literally fucking years, and is continuing to double down on it. Stop being jerks.

I think people severely underestimate how much @etherscan alone contributes to Ethereum's dominance, the degree to which it'll enable human-readable blockchain experiences at scale, and how much of a monopoly it will end up inadvertently having.

last one was kind of a slow bleedout where many of us weren't quite sure if crypto would survive. here its a lot of explosions, but no one doubts that crypto will make it.

Imagine you have capitalism produce the greatest country the world has ever known while lifting billions out of poverty and you’re like hmmm let’s give this socialism thing a try that has only ever failed and made people’s lives worse. What a stupid thought.

Every time I read the phrase "unhosted wallet" I get hives. Is the cash I hold in my wallet also an "unhosted wallet?" This assumption that people can't hold their own money and must be managed, surveilled, and controlled by financial institutions is anathema to free persons.

Solana could have just straight up become irrelevant like so many other alt L1s from the last cycle. But they didn't solely off the strength of their community and the cohesion of their ecosystem. And I think they'll do well next cycle too, as a result. Lesson to be learned here.

We're hiring! Please comment here if you are not currently employed by a16z.

Opening up an account with Morgan Stanley right now. Multiple calls and emails over weeks. 3 reps. 34 pages of paperwork. We like to complain that our UX isn't as good as we'd like, but it's 100-1000x better than legacy finance. They are super fucked.

What an incredible day. I am the luckiest person in the world to work in my dream job and industry, and to be married to the funniest, most amazing woman in the world.

Respectfully, please cancel this sale. It dilutes the Cryptopunks brand with what appears to be a low quality cash grab. The best way you can steward punks is by building the legacy, not monetizing it in such poor taste. 🤢

😉

If you're over 30 and you've dated someone for 6 months you should either start discussing marriage or break up. You're grown ass people and your time is running out.

I am finding X to be completely useless these days. No signal anywhere. Same old tired conversations. Feels like all the stimulating content is in some corner I can't find. What do?

This biking is antisocial behavior and I'm completely supportive of all of them getting in deep trouble for fucking with social norms like not blocking traffic. We cannot normalize this bullshit.

Sorry marketing friends, but this tweet did not hit. Would have been better to take it in stride rather than trying to defend. I'm just ribbing so when you get defensive it's off key.

Absolutely none of you are ready for what @base has planned for 2024. @jessepollak and team are not only incredibly ambitious about our onchain strategy to differentiate Base, but are also incredible leaders to bring all of @Coinbase and our partners on board for the mission.

I'll take the other side of this. Being cultural is not cringe. The people on Twitter love it, the people not on Twitter won't even see it. It's a straight W.

Building your own corporate L1 in 2025 can only be the result of: 1. Greed 2. Lack of crypto nativity 3. Unbridled ambition to do it all and own it all that's going to run head first into reality

Man the more books I read on how liberalism wrecked the foundation of society the more conservative I become. What I previously thought of as compassion or empathy turned out to be incentive misalignment that just increases bad behavior it's ostensibly meant to reduce.

Solana Archival by @CoinbaseCloud 🤯 Our most recent launch lets glass eaters pop some bubblegum instead. Builders can now examine historical address balances, run complex queries, and simulate the blockchain state at any given point in the chains history blog.coinbase.com/coinbase-c…

I got married to the most incredible woman in the world today, my soulmate @lisacuesta ❤️

1/ Last week I had the honor of hosting @brian_armstrong and @VitalikButerin on Coinbase’s Around The Block podcast to discuss decentralization, privacy, and a credibly neutral Ethereum. Here are the key messages to take away from the conversation between two industry giants 👇

His name is David Hirsch and I hope none of you hire him. The SECs leadership and crypto enforcement team has shown a total lack of integrity, a disregard for due process and the law, and a commitment to do the wrong thing at every turn. We must not reward this behavior.

Decentralization doesn't matter and isn't worth paying for... Until it really fucking matters. Then everyone gets to find out the answer to "is my financial livelihood in my own hands or someone else's?"

1/ Congratulations to the @eigencloud team on announcing the EigenCloud! In many ways this is the holy grail of marrying onchain and offchain computing paradigms into one cohesive whole, so I wrote a breakdown of its most important concepts. Let’s dive in 👇

It's the one year anniversary since we decided to support Lightning, and 4.5 months since it went live Time for an update! Lightning is now responsible for 6.8% of all BTC sends on @Coinbase. For reference, Eth L2s took about a year to reach this level (back in 2023). Onward⚡

Honestly very confused by this choice @collision @patrickc. Feels like Libra all over again. You can eat your cake and have it too by building an L2 on Ethereum. The largest enterprises, banks, fintechs, and so many others are already building on Ethereum. Developers are used to it and there's an enormous amount of tooling and infrastructure you get right out of the box. You can still have your own chain with whatever rules you want except it's orders of magnitude easier and cheaper to operate. You'd have access to many millions of users, hundreds of billions (and soon trillions) in assets, and an ecosystem committed to decentralization, security, scalability, and permissionless access. In 2019 it would have made sense to do an L1 but it's 2025 now and time has shown it's not a wise choice. The L2 ecosystem on Ethereum is only getting better and rollups will soon have real time interoperability while being able to scale to hundreds of thousands (and later millions of TPS). An L1 is no longer competitive. Don't make the same mistake so many others have already made.

self-driving banks is the most boomer term for defi i've ever heard

Yes but sir this is Twitter and that is a legitimately funny tweet I'm sorry to say ❤️

Hypothetically, you have $0k sitting in cash and 100% of your networth is in crypto and you're never selling. If today is going to be a bloodbath in the markets. What are you doing?

This may be a hot take, but I think it's an excellent time to build a wallet. None of the incumbents are that good and there's a lot of room to reimagine what a wallet can be and build a truly great consumer product.

This is why everyone hates liberals. They’ll look at you in the eye and say shit like this. They want you to believe there is no better or worse, only different.

Based as fuck, thank you.

Solana is the next Solana. What they've built is really special and can't be recreated. Everyone else will chart their own path and build their own special future, and those after them will do the same. That's a good thing as we all work to advance crypto. No need to compare.

If your mental model of ETH is AWS credits then you're right, L2s make zero sense. However if your mental model of ETH is money that will power the global economy, L2s make perfect sense, because they use ETH as money.

Ironically, most folks criticizing Bitcoin have at least used it, while most bitcoiners criticizing other protocols have never used them.

😘

I think all stablecoin issuers assumed yield will necessarily be passed back to consumers. Just look at Coinbase - we're passing back yield on USDC held on Coinbase AND ALSO onchain. It's not stablecoin issuers that are afraid, it's banks. They're the ones most vulnerable to consumers holding their own dollars while earning a fair yield on those dollars. Our highly leveraged financial system exists on the premise that consumers are locked into holding their funds at banks, on which banks pay close to zero interest, while making loans and other efforts to generate yield on those dollars for themselves. It's the exact same reason the federal government hasn't allowed narrow banking whereby a bank takes in deposits and just holds all funds at the federal reserve, without making any loans, thereby creating incredibly safe and stable banking for consumers. This isn't about consumer protection. It's about protecting entrenched interests and also preserving the ability of the federal reserve to monkey with interest rates and other risk parameters to control the economy.

New Yorkers, you have a duty to come out and vote against Zohran Mamdani in today’s Democratic Primary election. I’ve compiled a list of his policies below and highlighted why they will be disastrous for all of us and our children. Please read. Please vote. 1/ Rent freeze on rent-stabilized units This one is also absurd. 45% of NYC rental units are rent stabilized. Over the last 10 years, rents for rent stabilized units have gone up 15-18%. Want to guess how much rents have gone up for non stabilized units? 40-60%!!! They are already getting an absolutely incredible deal. How is it fair that half of New Yorkers need to subsidize the other half when it comes to rent costs? Are some lives more valuable than others? Do they add more to society? Freezing rents for those units will have a single, obvious outcome - landlords will abandon maintaining those units or just convert them while the rest of us will have to pay even higher rents. We’ve seen the same thing in SF and in Argentina - rent control fueled shortages and decay while removing rent control brings many properties on the market and lowers the average rent. 2/ Free city buses Public transportation is already incredibly cheap in NYC. Our fares only cover 35% of the total MTA budget - it’s not like anyone is getting rich off these fares. Mamdani’s free bus scheme is a budget-busting pipe dream that’ll gut NYC’s transit system. Without a funding plan, it mirrors Kansas City’s failed experiment, which slashed routes due to revenue losses. His reckless promise threatens service cuts and higher taxes, leaving commuters stranded. This isn’t progressive—it’s irresponsible. Mamdani’s clueless about balancing budgets, and his half-baked idea will derail public transit while fleecing taxpayers. 3/ City-owned grocery stores GROCERY STORES NET PROFIT IS 1.6%. Even if it were 0%, would New Yorkers save much? Obviously no. Who here has visited the DMV, Post Office, or other government-run service and said to themselves “I wish the food I put on the table for my children depended on the government.” I’m from Russia and we’ve tried every variation of government-run services. It is literally retarded to look at the picture when Boris Yeltsin went grocery shopping in Clear Lake and think to yourself “you know, I would really rather be the socialist rather than the capitalist.” It’s just going to result in empty shelves, horrible service, and insane cost overruns because no one will use them. 4/ Eliminating SHSAT and specialized high schools A free, high quality public education for smart and hardworking kids is the best path to get out of poverty and start living the American dream. I know because I’ve done it. Zohran, WHO HIMSELF ATTENDED A SPECIALIZED HIGH SCHOOL, now wants to eliminate programs for the gifted and talented. He wants to turn NYC into the next SF, causing parents to leave the city because there will be no place where they can get a good education. This policy honestly makes my blood boil - it’s so anti-human and unamerican. 5/ Defending "globalize the intifada" slogan There are 1.2m Jews living in NYC. That’s 8% of the world’s Jewish population, second only to Israel. There’s a really good chance either you or a close friend of yours is Jewish. My Jewish friends are already scared to send their kids to synagogue. Jewish events I go to send out the location a few hours before to not be targeted. Hate crimes against Jews are on the rise and his refusal to renounce and condemn the phrase “globalize the intifada,” which is a dog whistle that means to commit violence against Jews, makes him unelectable in our city. We must protect all citizens equally, not pick a different flavor of racism every time there's an overseas conflict. Zohran Mamdani is a child and a socialist He has never run any organization of any size. He has never managed a budget. He’s never operated a business. He has no relevant experience other than being in the state assembly for a few years in which he got nothing done. NYC has a $100bn budget per year with millions of people and businesses. Zohran has the most unworkable proposals that can only come from an idiot socialist. No one is shouting their support for Cuomo from the rooftops because he sucks. It’s sad that our election has to mirror national elections where all the choices are bad, but I beg you, don’t go down the SF route. Let Cuomo keep the city afloat rather than letting Zohran destroy it. Please vote.

That was so smooth! It's almost like spending years researching, pivoting roadmaps, funding multiple client teams, iterating methodically, launching in stages, commissioning audits, thoroughly testing, formally verifying, and conducting dozens of dry runs worked 🤔

For those asking "will you leave NYC now that Mamdani won?" Brother. I made it through 9/11, the global financial crisis, hurricanes, and COVID. You think I'm going to let a socialist run me out of my city? LMAO. Guess I'm just gonna have to pull a @garrytan and fix this shit

Man the talent at Coinbase is really fucking dense these days. Started working with dozens if not over a hundred new people lately and every single one is really good. I have so much trust and faith in my colleagues holy shit. It's such a huge change from 2021 when we hired all those cringe googlers who didn't know anything about crypto and didn't even care to learn. Those days sucked. It felt like you have to teach and explain everything because otherwise people wouldn't understand you. They wouldn't just be not on the same page, they'd be reading an entirely different book (usually with lots of pictures and large fonts). Coming in without knowledge is fine but what's not fine is they'd never prioritize getting it so they just stayed a little retarded and could never quite excel. Today everyone just gets it. I don't have to teach anymore. I just have a conversation, we get on the same page, and then they don't need my help anymore and operate independently. I can trust my peers fully and know they'll deliver. I keep saying Coinbase is the best company to work for in crypto because it actually is. Every paternity leave I ask myself "should I come back?" and every time I do come back because it really is that good and only getting better.

The food in America is poisoned. It's obvious to anyone that has eaten here vs basically anywhere else in the world, but especially Europe We won't solve the obesity epidemic by normalizing fatness or shaming fat people. We must go to the source and fix our produce and proteins

I beg you, don't vote for the man quoting Karl Marx in public. Communism is responsible for more deaths than literally Hitler. Don't think to yourself "oh he doesn't mean it" or "he won't be able to pass his craziest policies" - yes he does and yes he will. Vote Cuomo!

Respectfully Vinod, it's much more impressive to see Shaun stand by his principles when it's unpopular.

Coinbase is very quickly becoming a crypto-first and crypto-native company. Pay attention folks, theres going to be a lot more stuff like this. And if you'd like to 1000x your impact, consider applying. Coinbase.com/careers

Everyone came into crypto understanding Bitcoin first, Ethereum second. Institutions finally just understood Bitcoin... and your bet is they won't understand Ethereum? Even when their entire peer set is building on it?

At this point nothing surprises me, but the US govt starting the worst banking panic since 2008 to illegally kill banks that work with crypto companies is truly astounding. It's shameful, undemocratic behavior. @nic_carter is a national treasure for bringing this to light.

Having a single Ethereum validator will appeal to many people because it has elements of both stable income and gambling/luck. Produce a single block during a hot NFT mint and you may earn 5 years of salary in 12 seconds. Better odds than the lottery too!

Lol at the ETH capitulation tweets. Believe in something.

Idk who needs to hear this, but monkeying around with ETH issuance right now when it's working perfectly fine is a waste of time. The only goal should be to fix interop and let users traverse rollups seamlessly. That's it. Anything else is a waste of time until this is fixed.

Coinbase is the best company in crypto and there is no second best.

The SEC is the ultimate Kobayashi Maru. They dont need to win the lawsuit to "win." They win by suing you, delaying your product roadmap, incinerating your runway, and frightening other builders. The only winning move is not to play - elect a president that will fire @GaryGensler