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Brian Armstrong voted NO on an idea that made Coinbase $800 million. "An example is USDC, the stablecoin, I'm embarrassed to admit. I actually voted no on that idea. Luckily somebody else funded it out of their budget." USDC now generates $800M/year in revenue. Even CEOs get it wrong.
64,457 görüntüleme • 6 ay önce •via X (Twitter)
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The lesson: Hire people who ignore you

true

That´s why community is so relevant in crypto. Feedback is essential.

I always say: Hire people and trust them to do the job you hired them for!

@Otonomos Trust, So hard this days... so undervalued.

@Otonomos True! SUUUUUPER undervalued

feat: @coinbase @brian_armstrong @davidsenra

Always wondered how stablecoins generate revenue

check out US t-bills then you'll understand

@grok explain to a 4 year old kiddo, what are t-bills?

Hey kiddo! T-bills are like a super-safe short loan note from the big USA government. You give them your money for a few weeks or months, and they promise: "We'll give it ALL back PLUS a tiny extra treat!" No risk, like lending your cookie to mom—she always returns it with one more. That's how they borrow cash safely. 💰

Full episode here!

Added the full interview link below ser! Enjoyed this loads!

Every founder has that one idea they said no to... this one turned into an $800M/year legacy moment. 🎉

Isn't that a crazy story to never forget

So stablescoins are legit full blown scam jobs

Best part of this story is that he tells it openly

I love founders who do that

Reserve management is split between Circle and Coinbase. Shared custody creates fragmented key authority. Settlement finality depends on institutional oracle consensus.

Suppose USDT was already dominating the market. People that argue and debate with you to prove their idea and make the company a better place and build better products are priceless

yes yes

🟠

Even the best miss one sometimes

USDC’s success shows stablecoins are more than just a product they can drive massive revenue

And imagine... they could've never existed!

Crazy to think about how close we came to never seeing this at all

All I hear is that your boss can get it wrong

And that's true! And it can all still work out

Coinbase raking in 800M from the stablecoin Brian straight-up vetoed, savage reminder that even the top dogs fumble the bag sometimes—what other billion-dollar ideas is he sleeping on right now?

Well... He's mad a sh*tload of great decisions if you ask me

yeah sometimes the best ideas look crazy at first. reminds me of a pitch i killed that later did $500k/month. entrepreneurship is wild - how many of your initial "no" ideas do you think actually had potential?

@Cointelegraph Brian isn’t that bright.

@Cointelegraph why would you say?

Even CEOs fade and still make generational bags wagmi fam

committed to the cause!

You can't win them all but you can show up every day and work on what you believe

What a legendary humble brag from Brian! It’s wild how $800M in revenue almost didn't happen. That Timing Note is everything luckily someone moved fast while the idea was hot. $USDC is a powerhouse now. Appreciate you sharing this reality check!

they get it wrong because of ego and zero understanding.

Stay based stay blue 🔵

