Coinbase as a Service - CaaS - 6 Reasons Why Base Will be Based

Coinbase as a Service - CaaS - 6 Reasons Why Base Will be Based

Episode Transcript

(00:00):
Coinbase as a service, you feelme. I have been interacting with coinbase
a lot more these days as afunction of how much work I'm doing building
nodes, and I have taken areally long, hard look at Coinbase,

(00:24):
and I think I see them,you know, I think I get it.
So I wrote some notes down.Let's talk about it. Coinbase is
creating a template, in my opinion, for financial service providers on how to
compete in the next iteration of theInternet by merely going going to coinbase dot

(00:47):
com. And if you look atall of the features, functionality, educational
modules, right, learn to earna big deal, right, these types
of things, and all of theway means and ways they onboard users and
keep users engaged. Dad Garment,as much as Coinbase is frustrating because it
batches their ethereum transactions and it takesover seventeen hours, it'send, you know,

(01:11):
a third of ethereum. Anyway,they're innovating. And Brian Armstrong,
as much as he's made fun ofme in the past, I like that
talk. When Brian Armstrong was like, man twenty seventeen, was all this
good work that we were doing andall we got were bitcoin lambeaus like this

(01:34):
guy, Thanks Brian, appreciate itanyway. So here's my views, and
they're not ridiculously deep, but hereare some views on how coinbase is going
to be relatively strategic for the nextten years and the growth, if I
may say, of Coinbase should besomething that others are probably well, let's

(01:57):
just say you should probably be paidattention. Number one on chain is the
next online Base from Coinbase allows Coinbaseto move its business on chain, pushing
users from the centralized exchange and onboardingthem to a Web three or a new
Web three infrastructure owned by Coinbase.Well played, I feel like this is

(02:23):
where they are going, which isthe right way to go. Number two
Coinbase wallet. Will this be theGmail of Web three. Everyone in the
future will have a Web three walletin the coming years, just as everyone
has an email address. Coinbase walletcould ultimately turn in to the data monetization

(02:45):
opportunity on par with Google Search.For this reason, Base from Coinbase is
a catalyst for users to set uptheir self custody GOP self custody wallet and
go on chain, so will defyproto calls in Web three apps pay Coinbase
for user asset flow in the comingyears. Coinbase as a service you feel

(03:07):
me. Coinbase as a service,guys, I feel like this is where
it's going. Number three trading oftokenized equities and real world private assets.
Coinbase is bullish on all assets beingtokenized, and it has a broker dealer
ATS or an alternative trading system.Base serves as an infrastructure to build out

(03:28):
a tokenized platform for compliant issuance intrading. It's a fancy way of saying
Coinbase is getting more mature, andI'm seeing this. I remember when we
had gdax. Was that gdax yeahright, gdax right, and before we
went to coinbase pro and now Baseright. I've been through all the iterations

(03:50):
of the growth of coinbase because iwas an early adopter in twenty fourteen,
so I've seen it and I've beenfairly frustrated a bitcoin of the last decade.
But I'm seeing things now. BrianArmstrong, seems like you're doing some
good work. Number four coin basedVentures, which has been around for a
while. Now Coinbase can see thenext wave of app developers to build on

(04:13):
Base. A win win in termsof owning equity that drives value back to
coinbase. Via based transaction fees andcoinbase wallet users money upon money integrate the
ecosystem and now the users stay inthe ecosystem and roll well. Coinbase is
profiting off of all of that.Number five stable coins via coinbases JV with

(04:35):
Circle. Coinbase seeks to own theasset and infrastructure supporting the next iteration of
global open payment systems. You gotto stay in the news for this.
Things are happening. Coinbases by proxyor by partner are growing in influence and
entrenchment, and I have to talkabout this number six staking. Obviously,

(05:00):
Coinbase is starting to look like abank. That's what I want to do.
I want to be a bank withover one hundred billion of user assets
on the platform. Coinbas is offeringservices to users such as staking, which
is yield paid to users while earningadditional fees for itself. It's only a
matter of time before Base transaction feesare part of the entire strategy. Look,

(05:23):
if you got unused tokens, youshould be staking those tokens like me.
And if you have questions on howto steak tokens and earn yield,
you should ask me. So ifyou're a bank, an asset manager or
financial service providers. I mean,isn't Coinbase going to be part of your

(05:48):
conversation in the next ten years?Right? If you're a bank, an
asset manager, a financial service provider, you have to be talking about Coinbase.
These are the inroads to retail,These are the inroads to financial institutions,
These are the inroads to institutions,These are inroads to everything. Like

(06:09):
ten years on, Coinbase is partof the fabric of bitcoin and cryptocurrency.
And finally, as a nugget,as I've done my research, I will
tell you this, you should probablybe paying attention to what coinbase is doing

(06:32):
with base L two. I'll doa video on that later because that might
just be their secret sauce Coinbase asa service. My friends, what do you think