One of the most striking insights from Coinbase's State of Crypto summit today came from @barmstrong's fireside: how is it that Coinbase is such a startup factory? There are more paths to a yes than a no

Twice a year, Coinbase holds an internal pitch competition, where anyone can suggest an initiative for Coinbase to pursue. Every internal leader has a budget for these venture-like bets; all it takes is ONE yes to get an initiative greenlit

When making venture bets, there are often far more paths to a "no" than a "yes" - it's often easier to imagine how something can go wrong than how it can go really right. Coinbase inverted this model and my guess is that it's a big part of the reason why Coinbase is such an impressive founder factory

the fine line between

operating out of fear
and
taking nothing for granted / only the paranoid survive

splits

this is the correct ontology for thinking about communities https://t.co/aaYMygp2gz

Toby Jolly

t e a m s

https://x.com/TobiasJolly/status/1937190043061289003

✨ onchainternet ✨ yes or no? lol

"The 'wallet' is but the first rudimentary implementation of a portal to the onchain world, focused on the first, most transformative advancement: internet-native money."

@coinbasewallet @zapper @interface /checkr and many other projects are working on taking the "onchain browser" to the next level, using Farcaster as the social layer that interoperates with the rest of crypto

https://paragraph.com/@weekinfarcaster/surfing-the-onchainternet

^ inspired by conversations with @w and also @ted's recent comments on *ownership* as an aspect of the social media

my career path (qc with yours) 

1. pm @ microsoft, moving ms office to the cloud
2. founder @ soundfocus, helping people with hearing loss use smart phones 
3. engineering @ coinbase
4. founder @ farcaster

my career path (qc with yours)

1. analyst @ blackstone; bought a couple billion of real estate. Wanted ~out of RE/finance
2. investing/product @ cadre; democratizing access to real estate. With the company from 1 to ~50, wanted more tech
3. founder @ canvas; building google analytics for brick & mortar retail using CNNs & security cameras. Worked on it half a year before realizing I didn't care at all about the problem
4. founder @ emrys; peer to peer marketplace for GPUs for AI training & inference (2019 rip). Overbuilt the product, died from lack of usage (own morale as a solo founder)
5. freelancer; mostly programming on a family office's internal deal & portfolio managing tool
6. founder @ splits

one underrated aspect of channels on farcaster is that i will stumble upon a random community like /lambchop or /sharks and find a thriving group of people speaking completely to an in-crowd that i had no idea existed

@dwr.eth why doesn't following a channel contribute to home feeds again? I want to see banger content from my favorite channels, even when it's posted by someone I don't follow. Especially when it's posted by someone I don't follow,,

(which then means channels can help [new users] w distribution, etc)

Founders

one of the best builder interviews that @splits has published, because @rish does 👏 not 👏 miss 👏

"You as a founder have to believe in something that you think is lower-risk than the rest of the market."

https://splits.org/blog/ship-first-commit-later/

@rish how do you think about marketing & monitoring the feature during this "wait and see" window?

building farcaster infra @ /neynar 🪐 | casting @ /rish

intori

Your people are already on Farcaster, now bring them into the app.

We’ve added an Invite button to your Friends page under Mutuals — these are your Farcaster mutual follows not yet on intori.

Curious if you’d match on an insight? Think they’d vibe with a topic you’re into?

Send an invite.

It’s the easiest way to learn more about them and start forming deeper connections — right here on Farcaster!

@fredwilson.eth how do you think about when a startup should target break even?

User facing auth is the most humbling thing I've ever worked on. The bar only gets higher, and fast.

QR day 1: "amazing, no password!"
Day 2: "why can't I just use my email?"

Push day 1: "incredible, no QR!"
Day 2: "why do I need my phone?"

Web day 1: "it's so smooth!"
Day 2: "I still have to unlock my wallet?"

"customers are always beautifully, wonderfully dissatisfied"

@mikedemarais.eth out of curiosity, is there an internal whitelist for contracts from multichain-native factories etc?

I believe this, ~rationally. I personally still struggle a lot with “why would anyone care what I have to say”, though. I wish I could internalize this belief further

Introducing the Coinbase One Card.
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stripe just assembled the first stack that circumvents CEXes entirely

before embedded wallets, apps were at the mercy of external wallets

privy flipped the model. they empowered apps to own the relationship with users

but CEXes still provided the best onramp, and so the

Austin Marrazza

good take https://x.com/realitywarp/status/1932907314937246128

One of the reasons why I cast and blog and generally try to publish thoughts on the internet is I see it as a contribution to the future. I’m not deranged enough to think people in the future will care about me as an individual, but they will want to know what life was like in general in the 2000s. Of course there are enough people doing this today and one more person won’t change anything, but at the same time, every person is unique so why not contribute?

I’m reading a book about events from the 1200s and there are so few first person written accounts which means certain details will never be known and can only be imagined.

stumbled upon the original @splits demo vid. i think this was pre-eth global hackathon.

come a long way.

https://www.loom.com/share/e4ef293b7436489bbba3b50cc59571c5

going to tell my kids Rinkeby, Goerli, Kovan, and Ropsten were the beatles

going to tell my kids Rinkeby, Goerli, Kovan, and Ropsten were the beatles

https://farcaster.xyz/abram/0x464f36b6

outside of linear, which companies have pulled off the best design resets?

outside of linear, which companies have pulled off the best design resets?

https://linear.app/blog/a-design-reset

Never, actually, balancing that is the beauty of life.