coinbase

crypto

am i the only one who finds recent @coinbase sponsorship/choice extremely alarming? 🚩 

taking time to think harder if i want to be associated with CB ecosystem moving forward. 

won’t pretend nothing happened — and i’m truly shocked Farcaster has been semi-silent about this, despite most of us building on Base.

final comments / *personal* takeaways after taking time + having some convos:

re: Coinbase
- understand that @coinbase lobbying is overall net positive for our space, and i tend to give them the benefit of the doubt
- not expecting Coinbase being cypherpunk - but, i do expect CB to honor its public commitments, values, and clarify important controversies

re: Base
- it’s very important for @base to progressively decentralize and become as credibly neutral as possible, reducing/removing its dependency
- it’d be great to see @optimism Collective helping accelerate this process, further strengthening commitment within the ecosystem

this experience made me:
- think harder of the value of credible neutrality and how easy it could be to underestimate its criticality
- reinforce the importance of expanding to @ethereum L1 sooner - to leverage credible neutrality for @commit protocol & high stakes commitments
- question what it means to stay true to your values once you become way, way bigger than you ever anticipated - and what are your non-negotiables

with that said, still believe in Base team and community, as ik and respect many of you, and as an ecosystem builder, i’d love to see Base accelerating its independence. as for Coinbase, there’re still open questions from the community that need to be addressed, and i hope the experience and community reaction will help them improve.

UPD: final comments

https://farcaster.xyz/rev/0x85aa8ef3