froem
@karstenfroemm
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Father, Software Engineer @Coinbase: Banking and payments, Coinbase One Credit Card. Views are my own, not representative of @coinbase
Joined May 2022
I was waiting for something extraordinary to happen, but as the years wasted on, nothing ever did unless I caused it. Stop waiting
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Coinbase is so close to completing the interest income trifecta. Now they just need to let CEX collateral be used to fund margin lending (btw, this should be coming in market structure legislation). The Holy Trinity of yield: $USDC, lending spread, margin spread.
The Coinbase integration is cooking, crossing $300M. 🔥 DeFi mullet in action — Web3 in the kitchen, slick UX in the room. We’re just getting started.
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The detailed AWS incident report is out, and it’s worth a read - DNS records managed by 2 systems; a race condition led to regional record getting unset - EC2 lease establishment was borked as it depends on DynamoDB - fluctuating NLB health checks leading to EC2 DNS entry purges
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No one is pretending. We like @coinbase. They literally make ads complaining about TradFi while they... 1) Charge you lower fees and pay higher interest than all banks. 2) Have a top quintile KYC system (regulatory + security bar for a money transmitter, trading, and custody
Congrats to Cobie for his sale and cash out However can we stop pretending we like @coinbase They literally make ads complaining about TradFi while they 1) Charge you more for orders than most banks 2) Have a terrible KYC system 3) Have borderline unusable product 4) Have not
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Live look at dev teams “actively investigating the issue” as they await a fix from AWS
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Nothing says “building AGI” like ad injection and producing erotica. This is the top. The bubble will pop
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People talking about how complex useEffect is… I’ve written loads of effects, not once have I ever thought “oh this is so complex”. It’s not that hard.
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As a long time Spotify user, they have lost me. The app has become a mess. Apple Music is a better listening and music experience. Bye bye
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@AstroBase_ exactly. they've already onboarded 8M people who don't even know they're using crypto. every other chain is still explaining wallets
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Listings are dead. Discovery is the listing. Memecoins. Apps. Anything onchain. If it exists on Base, it trades, instantly, inside the @coinbase app. That’s 100M+ users who can swap your token. no listing required. Liquidity lives where attention does now. You wanted
Check your phone - the wait is over. Explore millions of assets, moments after they launch, right from the Coinbase app. DEX trading is live for all U.S. users (ex. NY). Coming soon: more assets, more networks, more countries.
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Now everyone in the US can access millions of assets on Coinbase (excluding New York). We've received great feedback about this product. Excited to scale it to more countries, networks, and people.
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$200M in 2 weeks More than $200M of USDC earning ~10% APY on @coinbase in just 2 weeks since we started rolling it out This is permissionless global finance, powered by @MorphoLabs on @base
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