Brian Armstrong Quotes
At Coinbase, our mission is to create an open financial system for the world. We believe that open protocols for money will create more innovation, economic freedom, and equality of opportunity in the world, just like the Internet did for publishing information.
Armstrong, Brian. "The Coinbase Secret Master Plan." Coinbase Blog, 19 Aug. 2016.
At the time the chartered banks were down to control of less than 14% of the investment funds. Other financial institutions such as private investment bankers, brokerage firms, and investment companies controlled the rest. Yet only banks were required to invest funds in local communities – especially poor ones.
Of all the inequalities that existed in society, the easiest one to overcome with effort is wealth. Race, blood, parentage, even education are not as easily overcome. Of all the inequalities, traditionally Americans have been least offended by that of wealth under the theory that with current effort that can often be overcome. It is only in the latter part of the 20th century where modern economics and sociology have shown that wealth inequality itself is also difficult to overcome, that money as a societal leveler has been conceptually diminished. Sedgwick was the first American to identify the phenomenon that had operated in early America.
Coinbase Global, Inc., known as Coinbase, is an American company that operates a cryptocurrency exchange platform that operates remote-first without an official physical headquarters. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam, and as of March 2021, was the largest cryptocurrency exchange in the United States by trading volume.