Mr Briggens

@satyanadella Nope. My coffee shop will stay manual except for Toast. I don't want to push buttons to order. I don't want a push button automated latte. 3 Starbucks have closed within a few blocks in the past few months. I visit the locally owed coffee shop.

Every firm will need to reconceptualize work as they build agentic systems. As AI and agents take on more of the execution, the opportunity is to expand human agency and redesign how work gets done. An in-depth look from the team at what this shift means and key considerations for every business: microsoft.com/en-us/worklab/…

@ThrillaRilla369 Prolly a 1967 Dodge Dart. But it was with my dad.

Have you ever driven faster than 100MPH and if so what were you driving the first time?

@PeterSchiff @SenSanders Minus the retail industry he destroyed. His "friction" was millions of jobs. He's a creeper.

@SenSanders Yes, but Bezos employs over 1.5 million people at Amazon. That’s a lot of jobs he created, even after some layoffs. How many jobs have you created? For all the value Bezos has provided his customers and employees, he deserves a yacht. What value have you provided to anyone?

The reality of American life today: Jeff Bezos, worth $290 billion, spent: $10 million on the Met Gala $120 million on a penthouse $500 million on a yacht Meanwhile, he‘s planning to throw 600,000 Amazon workers out on the streets and replace them with robots. Unacceptable.

@WAPolicyGreen Thank Tim Eyman

Washington has surpassed Hawaii for the 2nd highest gas prices in the nation. Washington's roads are not being maintained. The ferry system is failing. Once again, taxpayers are paying more than their fair share but state government is wasting the money. #waleg

@jatingargiitk @brian_armstrong Coinbase has always been crap, even with humans. That's why I pulled my funds after a week. Never been back, never will be back.

the unusual thing in this letter isn't the 14% cut. it's "rebuilding coinbase as an intelligence, with humans around the edge aligning it." that's the most ai-native operating model framing any public company has published. the org chart that goes with it (5 layers max, 15+ direct reports, no pure managers, one-person teams) is built for a company expecting agents to do middle-management coordination work. it's also operationally undefined. how do you implement "humans around the edge" in a regulated financial company? if brian works it out, this letter ages as the founding document of the post-management corp. if he doesn't, it's cyclical layoffs with strong rhetoric.

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

@JamesMelville Only two clubs have won the title for 41 years...and people still watch? LOL.

Hearts are closing in on history. 66 years since they won the league title. No club other than Rangers and Celtic has won the title for 41 years. Hearts are now just 3 games away from pulling off the Scottish equivalent of Leicester City.

@elkelk 94% of people in San Jose don't know that either.

94% of Americans don’t know that San Francisco is not the biggest city in the Bay Area

@james_xond The exact high point of civilization was fuzzy dice.

Can anyone pinpoint the exact moment when everything in society started getting noticeably worse?

@davidonchainx Or adds massive amounts of cost to development via token spending AND you still need the devs. Where does the money come from?

If AI cuts development costs by 80% then companies will have massive budgets freed up Where do you think that money will go? It goes to marketing, content, and distribution We're about to see the biggest shift in spending in decades and most people aren't paying attention

@BitcoinRachy Tell him he's probably right and move on.

Tried explaining Bitcoin to my dad for the 47th time. He hit me with the classic ‘but what if the internet goes down’ line. What would you say to him?

@theswansjr My hurdle rate is 12%. 8% dollar debasement & 4% inflation. I do just fine over time.

Yes, better than cash. But understanding nominal returns vs. real returns is critical. I don't think most casual investors think in those terms. Here’s the thing—capital gains are based on nominal returns, so you’re being taxed on a lot of inflationary gains that provide zero real benefit to you. For income, dividends are solid. But STRC may be better.

Everyone’s bragging about $VOO. “All-time high.” “Greatest wealth machine in history!” “Just buy the index, bro!” Cool story. Nominal price: up 500% Real purchasing power: up 130% That’s a real CAGR of about 5.5%. How? Inflation. If you deflate the price by M2 money supply, which is a broad estimate of money expansion, your actual purchasing power falls dramatically. Don’t get fooled by just the price. Inflation takes a large percentage of your gains.

@theswansjr I max out my Roth 401K using index funds taking my employers match, mostly S&P 500 and my Roth IRA has a fair amount of $STRC. Between those two, that takes care of most of my investible funds. I do maintain taxable accounts but mostly tax free.

@shawnchauhan1 How's the Metaverse going?

Meta quietly acquired a humanoid robotics startup this week. The focus: robots that can understand, predict, and adapt to human behavior. Meta's public narrative has been about social platforms, AI assistants, mixed reality. The acquisition suggests a different internal thesis is forming. When a company that owns the attention layer of two billion people starts buying embodied AI, the question worth asking is not what they are building. It is what they see coming that requires a physical presence in the world.

@DougWahl1 Go read a few Canadian newspaper articles about how hospitals in Canada aren't staffed and rural clinics are closing. It's a disaster.

@cptdankkk He's lost touch with reality. Just wait until the fans balk at the insane costs of watching sports.

Steph Curry says NBA players are underpaid "I think because the way the CBA is structured right now, we can't participate in equity. And that's a big deal because it’s a partnership with ownership, the league and we're on the short term of that revenue" "The idea that we can't participate in equity while we're playing is a part of why I would say yes, we are underpaid because you want to be able to participate in that rise" "I know we're blessed to be in a position where we're playing basketball for a living, and these are the type of checks that people are earning" "Hopefully sooner than later those rules change a little bit so that players can participate more in the upside of team equity. I think we deserve it"

@GuyTalksFinance Or give an advisor a portion of your portfolio. It's not 100% one or the other if you want to track performance.

Just talked to a friend of mine that hired a professional advisor to manage his investment portfolio. His portfolio is down -10% this year. Meanwhile the S&P500 is reaching new all time highs. People need to stop paying an advisor just to underperform the market when they can buy an index fund instead.

@marc02200 Never trust any one investment. Distribute you wealth between BTC, BTC income funds, index funds, metals and some individual stocks. You will be fine over time as long as you invest because...others are not. Have fun!

Please explain this to me: I’m 27 with $100k. Everyone screams “just buy the S&P 500 and chill for 40 years.” But the S&P is basically 10 tech stocks… while Bitcoin has real scarcity. Why is choosing Bitcoin still seen as the crazy option?

@GPAbroker @credealjunkie I agree that taxes are onerous and there's a lot that does not make sense here. Turning all of the Bay Area into a concrete jungle is not my thing. Perhaps start with Union Square and redevelop the vacant retail/office towers so that they become attractive to city dwellers.

@mrbriggens @credealjunkie We already escaped CA after 63 yrs, but still have to pay exhorbitant taxes & fees, an insult to all thinking humans. I have seen the State fall into the depths of hell; it might as well be run by Ottoman Turks, it is so bad!

“The Bay Area is land constrained, there’s nowhere left to build housing.” (green = undeveloped land)

@GPAbroker @credealjunkie I love California. We will fight you every step of the way. Feel free to bring your magic to Texas.

@mrbriggens @credealjunkie CA is a captured State, turned into a self-imposed prison, where everyone pays the Warden & Guards to keep them there. Ain't no escape.