Two months ago I started at @coinbase and my professional life will never be the same. The sheer ambition of this team and company is mind-blowing - I'm humbled daily.
๐ @CoinbaseCustody is 1-year old! ๐
custodians sell trust and peace-of-mind and over the past year weโve massively grown our team, business and product to that end. weโre excited to make it to 1-year and keep building our track record!
some of my favorite 0 -> 1 stats๐
Iโm excited to announce @CoinbaseCustody is officially live!
Helping institutions safely invest in the crypto asset class is a critical step towards an open financial system - I canโt wait to work with this team to make it happen!
blog.coinbase.com/coinbase-custoโฆ
Part of our strategy @CoinbaseCustody is to be the most compelling crypto custodian by supporting the most assets. We've got a long way to go but excited to be moving forward!
blog.coinbase.com/coinbase-custoโฆ
thanks @jchervinsky - just did my part!
โ called local rep
โ called local senator
โ donated to @coincenter
in case helpful to others, i wrote-up a quick call script (taken liberally from Jakeโs tweets) before calling my local rep and senator๐
1/ ๐จ Here's the deal with the US infrastructure bill:
A new provision has been added that expands the Tax Code's definition of "broker" to capture nearly everyone in crypto, including non-custodial actors like miners, forcing them all to KYC users.
This is not a drill ๐
if youโre building an app in the Superchain, or on L2s generally, what can @Optimism do to help? whatโs the most impactful thing we can do to help you win?
DMs are open! ๐
quick update: @CoinbaseCustody has been baking w/ delegated client funds since cycle 105. we've produced over 100 blocks and captured a few steals, too. our baking efficiency is >100% ๐ช
Blob Parameter Only (BPO) forks - a simple framework to safely and continuously scale blobs on Ethereum
ethereum-magicians.org/t/blob-parametโฆ
BPO forks are simple Ethereum forks that *only* change two parameters: blob targets and blob limits.
Excited to announce that @CoinbaseCustody just chartered a Limited Purpose Trust Company from the NYDFS!
blog.coinbase.com/coinbase-custoโฆ
Highlights ๐
Tezos proposal invoicing, or inflation funding, is one of the coolest and most under-the-radar features in crypto.
@spencernoon does a good job explaining it ๐
Which is, Nomadic Labs attached an invoice of 100 $XTZ (~$42) to each proposal. So if one of them goes through after a 3-month, iterated and multi-stage process, the upgraded Tezos blockchain will credit NL's address with 100 freshly minted tokens so the team can buy some beers.