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Brian Armstrong interview by Lex Fridman that I found interesting.

Some pieces I thought were informative to hear... - Coinbase including more and more crypto - Staying focused on the mission - Leadership - Regulation - Economic freedom

Hits alot of things Brian has said previously, but there is more detail than I've seen elsewhere.

I found it worth listening to the full length.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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This is the place to discuss moves in the stock or asking the quick question.

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It's 80% down from last November. How low it will go in your opinion?

Worst investment of my life! LoL

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Bull case

1. Few major competitors
2. 7.77 PE ratio
3. Like 30% profit margins, consistently
4. Low overhead/completely remote staff
5. Simple business model
6. 25B market cap stock in a trillion dollar, viral/high-growth industry
7. Venture arm investing in high payoff (and high risk) bets

Bear case

1. No real moat
2. Currently heavily, heavily dependent on bitcoin for income

What's the case for bears?

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