Thomas ⚡🏰

Do you want to have a position in the BEST performing asset of the last decade and you’re not sure how the state of the market and economy will affect its price moving forward? This is the ultimate #Bitcoin and Macro thread 🧵Bookmark this, as any novel or veteran bitcoin investor should understand how the overall financial market could affect his investments and how bitcoin’s unique characteristics makes it the best investment currently available.

@brian_armstrong Dude, why do you still have an NFT display picture?

This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the future. Why now Two forces are converging at the same time. We need to be front footed to respond to both. First, the market. Coinbase is well-capitalized, has diversified revenue streams, and is well-positioned to weather any storm. Crypto is also on the verge of the next wave of adoption, with stablecoins, prediction markets, tokenization, and more taking off. However, our business is still volatile from quarter to quarter. While we've managed through that cyclicality many times before and come out stronger on the other side, we’re currently in a down market and need to adjust our cost structure now so that we emerge from this period leaner, faster, and more efficient for our next phase of growth. Second, AI is changing how we work. Over the past year, I’ve watched engineers use AI to ship in days what used to take a team weeks. Non-technical teams are now shipping production code and many of our workflows are being automated. The pace of what's possible with a small, focused team has changed dramatically, and it's accelerating every day. All of this has led us to an inflection point, not just for Coinbase, but for every company. The biggest risk now is not taking action. We are adjusting early and deliberately to rebuild Coinbase to be lean, fast, and AI-native. We need to return to the speed and focus of our startup founding, with AI at our core. What this means To get there, we are not just reducing headcount and cutting costs, we’re fundamentally changing how we operate: rebuilding Coinbase as an intelligence, with humans around the edge aligning it. What does this mean in practice? - Fewer layers, faster decisions: We are flattening our org structure to 5 layers max below CEO/COO. Layers slow things down and create coordination tax. The future is small, high context teams that can move quickly. Leaders will own much more, with as many as 15+ direct reports. Fewer layers also means a leaner cost structure that is built to perform through all market cycles. - No pure managers: Every leader at Coinbase must also be a strong and active individual contributor. Managers should be like player-coaches, getting their hands dirty alongside their teams. - AI-native pods: We’ll be concentrating around AI-native talent who can manage fleets of agents to drive outsized impact. We’ll also be experimenting with reduced pod sizes, including “one person teams” with engineers, designers, and product managers all in one role. In short: AI is bringing a profound shift in how companies operate, and we’re reshaping Coinbase to lead in this new era. This is a new way of working, and we need to leverage AI across every facet of our jobs. To those who are affected I know there are real people behind these decisions — talented colleagues who have poured themselves into this company and our mission. To those of you who will be leaving: thank you. You’ve helped build Coinbase into what it is today, and I am sincerely grateful for everything you've done. All impacted team members will receive an email to their personal account in the next hour with more information, and an invitation to meet with an HRBP and a senior leader in your organization. Coinbase system access has been removed today. I know this feels sudden and harsh, but it is the only responsible choice given our duty to protect customer information. To those affected, we will be providing a comprehensive package to support you through this transition. US employees will receive a minimum of 16 weeks base pay (plus 2 weeks per year worked), their next equity vest, and 6 months of COBRA. Employees on a work visa will get extra transition support. Those outside of the US will receive similar support, based on local factors and subject to any consultation requirements. Coinbase prides itself on talent density. Our employees are among the most talented people in the world, and I have no doubt that your skills and experience will be highly sought after as you pursue your next chapters. How we move forward To the team that is staying, I know this is a difficult day. We’re saying goodbye to colleagues and friends you've been in the trenches with. But here’s what I want you to know as we move forward together: Over the past 13 years, we have weathered four crypto winters, gone public, and built the most trusted platform in our industry. We’ve made it this far by making hard decisions and by always staying focused on our mission. This time will be no different – nothing has changed about the long term outlook of our company or industry. And most importantly, our mission has never been more important for the world. Increasing economic freedom requires a new financial system, and we’re building it. The Coinbase that emerges from this will be more capable than ever to achieve our mission. Brian

@uncle_authority Fat soluble vitamins are heat sensitive. If you cook them, in any way, most of it gets destroyed.

has anybody ever actually bothered to even try to explain what is allegedly so superior about milk that has not been heated to 161°F for 15 seconds prior to distribution?

Quantum is to bitcoin what global warming is to beach side property

The most hilarious scenario would be Tottenham getting relegated the same season Arsenal wins the league. Inshallah.

@uerbe @europemaxxed Yeah because Europe had religion and monarchies. You killed all the kings. These places can at best be banalized by some tourists. They have no other economic reason.

@Thomssmn @europemaxxed These places were economically viable long before the US were even a concept

Americans see this and want coworking spaces and gyms

@sovereignbrah The idea of people having far better homes as technology advances isn’t far fetched. However, to achieve that isn’t necessarily robotics and AI, it could be many things. You have to understand that the luxuries of the middle class today wasn’t conceivable to a medieval peasant.

This is a ridiculous lie

@C4artelfunds @Maronidd Goyim is plural. You can’t say “a goyim”

@Maronidd you people think that Israel gives a shit about Christians in the whole world hahahahahahaha you are simply a "GOYIM" to them they spit on you and spit on your religion daily you goyim

The only reason Lebanon is not Gaza 2.0 is because Lebanese Christians exist Everybody knows that

@soigomaa They do, you’re just the female version of an incel

Does male yearning exist?? do guys wait for a girls reply????do guys make playlists for their crush? why is every man nonchalant????

@Maronidd Many liberals come from very conservative families and vice versa

A blessing in our day and age, the liberal mind virus is effectively removing itself from the gene pool

@VGBC_GimR Just tell the children to press red?

Blues: come on guys, if we just get over 50% we can save everyone! Reds: if you press blue, you’re just killing yourself. No one has made a single coherent argument as to why I should press it. If everyone just pressed it no one is in danger. And you know what!? Blues are actually the immoral ones because- Blues: what about children? Many of them will select a button at random. Reds:

In the market everyone is always choosing red and it turns out incredibly well even for those who don’t realize they’re pressing red. Under democracy on the ballot, the majority is too dumb to press red. This poll proves it. This is an incredible exercise.

@AmirAminiMD You do realize Israelis are not legally allowed to enter Lebanon, right?

Why are you advertising in NY instead of Beirut then? Because you’re advocating for more US backed genocide and land theft, not neighborly relations.

@AuronMacintyre @NickSzabo4 Nonsense, the state might not be going anywhere in our lifetime, but the state as we know it is nowhere near being a Lindy concept. No need to live with such cognitive dissonance for a mere mortal concept. It’s much more productive to bring about liberty to yourself and community

The libertarian realization is that the state is a robber compelling action with a gun The reactionary realization is that the state is never going anywhere, so you might as well be the one holding the gun

@EuroDale @izamamaa I can assure you (cause I’ve been to them) most of these free Palestine protests mostly consist of Europeans and it’s Europeans who know nothing about the Middle East who draw these graffiti.

@izamamaa A non-European country attacked Gaza so now you're justified in attacking Europeans? Third worlders are dumb and dangerous.

It's so crazy that white people get angry about this kind of thing when every cultural site in Gaza has been bombed off the face of the earth

@joylahoud Because driving there would potentially be more fun

Why not?

@jakeshieldsajj @MarioNawfal Cringe

@MarioNawfal Without Hezbollah, they would have no defence

Imagine Lebanon without Hezbollah Imagine Lebanon without Israeli occupation Imagine Lebanon without corrupt politicians

@doomernat22 Cringe

“imagine Lebanon without Hezbollah”

If you ever find yourself on X or LinkedIn posting about the death of a family member or the birth of an offspring and making that event about your job or political beliefs, then you should take a step back, delete your social media and retreat to the mountains.

@Ze_Chart The monopoly on violence is the reason groups like Hezbollah exist and can do whatever they want

Some questions were too loaded or nuanced but I'm unironically just a normal guy who wants economic liberalization and a monopoly on violence