You don't have Web3, use your data to post a16z and Coinbase investment stories.

Marc Andreessen has been a little tough lately.

Was he worried that his situation would not be recognized?

Former Twitter CEO Jack Dorsey has called for VCs to benefit from altcoins, while pushing for "distribution". This leads to the assumption that Marc Andreessen was on the board of Coinbase and at the same time Coinbase announced the tokens he had invested in the public. Isn't that the conflict?

I think it's hard to understand the impact of countdown measurement on the longevity of these coins, especially when stacked with Bitcoin and Ethereum.

If tokens, especially VC-backed tokens, have always been Bitcoin/Ether bad since their Coinbase name, that means they are waiting for big dollar trades for insiders. VCs benefit from lower selling costs. contractor. This insider includes VCs like a16z and, surprisingly, Coinbase's own VC distribution, which publishes a lot of information about Coinbase. Other exchanges such as Kraken, FTX, and Gemini are also working on venture capital investments and setting their own records.

Why is this important, not a step in the right direction? First, Coinbase is like the New York Stock Exchange of cryptocurrencies. Registration often has a huge impact on everyone involved in the volume of business. However, unlike the NYSE or Nasdaq, Coinbase uses its own program which allows you to select the crypto asset you want to collect.

Second, the return of a16z and Coinbase itself is particularly interesting, and 16z, who is considered the best trader in the field, will be controversial xeeb. Was this financial game rigged?

Third, Coinbase changed its strategy from patient to bold last year. This adds value for them and their users.

So I started digging, but what I saw surprised me. Most cryptocurrencies have underperformed and deteriorated over time, while venture capital recovery funds have become more vicious.

A few years ago, Coinbase announced the names of coins that they were considering registering but were not yet available. Reviewing these coins has shown that they perform better than those listed on Coinbase.

Let's dig a little deeper.

Coinbase Effect lossis Coinbase Curse?

Coinbase names and trades have been the holy grail of cryptocurrencies for many years. It's like an IPO on Wall Street. Cryptocurrency research firm Messari noted in its report that Coinbase's average listing grew by 91% in just five days.

But I think this research has two errors.

It's very short. If you believe, like me, that most fraud refunds are more than large, buyers who suddenly arrive after registration will suffer, but after internal closing, the results will become negative.

What does illiquidity mean? Basically, many people have big locks or "locks" in the DeFi protocol. Manufacturers and traders will hold a large number of tokens, but products will be released in time.

There is no point in actually declaring earnings. If you are a hedge banker, you should maintain a standard measure. References for all cryptocurrencies must be Bitcoin (BTC) and/or Ethereum (ETH). Ethereum makes sense, in my opinion, most "web3" tokens are based on the vision of Ethereum and not Bitcoin.

For example, the Coindesk article above mentions Filecoin "on time" recovery. However, when Coinbase went public on December 10, merchants who opted to buy Filecoin instead of Bitcoin performed very well, resulting in a steep decline in the first month (yellow line).

Note: The yellow line is in Bitcoin and the green is in USD.

Most of the returns they are referring to are Bitcoin's bull run, and since then Filecoin has outperformed Bitcoin by 55%!

Right now, most people with experience in the cryptocurrency market watch and monitor BTC or ETH value, not USD value.

How to register on Coinbase? I took 128 names (excluding coin stability and algorithmic stability coins) from Coinbase and separated the names by year.

Note: In most cases, we currently use Coinbase Coinbase Pro. Trading for most tokens usually starts in two days, usually on the same day.

In my opinion, these results are very good for my research. Coinbase and VCs can seek refunds to prove that cryptocurrencies allow retailers (“communities”) to participate in the growth of these networks. However, the facts show that most products are returned very quickly after check-in. 2021 coins pass, but all coins before 2020 fail! What does it say? 2021 revenues are also still below the 91% expansion mentioned by Messari, so all costs after the expansion disappear.

After the coin has been on Coinbase for a year, it looks like Bitcoin and Ethereum are pretty much on the back foot.

I also saw a few pieces (68 out of 128) that could benefit from the year before recording. This is to show that this piece doesn't hurt in the first place.

If we break down the parts last year, we can still see the older models. Last 6 months coins (65 coins) outperformed first 6 months coins, and last 6 months coins also lagged behind. An average of 91% of the currency. If you only withdraw 2 out of 63 coins in the last 6 months (Polygon and Solana), your Coinbase earnings may be low (Bitcoin -10.5%, Ethereum -55.0%).

If you look at the comparison, 91% of all coin sets lagged Ethereum and 70% behind Bitcoin when it went public a year ago. This money is likely to get worse in the next few years.

Surely filtering the list to 16z on Coinbase will give you the best results? vs ...

A16z earnings are generally worse than Coinbase listings. It smells like barn mice to me. These should be the best coins to give access to A16z, but instead 100% of 12-month coins and 90% of 6-month coins are behind Ethereum.

An entrepreneur cannot create complete records according to a VC.

Since this is a public offering, the yield should be compared to the product with a good average yield.

VC's "hit rate" should be over "100x" to cause multiple failures, but only one of the a16z names (Solana) more than doubles in BTC.

When I trade tokens in 2018, looking at the hats of famous investors like Andreessen Horowitz is the best way to avoid getting caught in “all-in” investing. I think it's useful.

However, he continued to turn red when he attempted to implement a similar strategy on Coinbase in 2021. I think I just know why.

We are also considering investing in Coinbase Ventures. They seem to be doing better. Old coins do the same. Coinbase's wallet is still young and its performance is entirely driven by two coins. Polygonal and enveloping luna. Without these two, Coinbase Ventures' other 15-currency wallet returns between -6.0% BTC and -42.6% ETH.

My favorite angle is when Coinbase invests with 16z. It seems like an industry love affair (Love of DeFi? (Uniswap, Celo, Keep Network, Rally and Compound are five if you know it).

As an American venture capital trader, you also have good reasons to sell on Coinbase. (1) I do not want double taxation. Trading non-USD revenue will double the tax. (2) You are a US entity and cannot open a primary account of Binance or any other exchange that lists these coins. (3) It is held on Coinbase and the market is more secure as other exchanges will require the use of hardware wallets etc.

We also looked at why investing in Coinbase can offer such great returns. One thing I noticed is that Coinbase seems to advertise investments with a small market (see below). For 7 out of 18 Coinbase-backed coins, we ensured that Coinbase or Binance (the most auditable exchange) went public first, and in 5 out of 7, Coinbase went public first. This percentage was higher than usual. Does Coinbase know that Binance names affect earnings from profit theft?

(If you're wondering if 16z's poor performance can be explained by its larger market share, the answer is no. Their payback seems to be bigger)

proof

Their spokesperson would say that these numbers alone prove nothing to Coinbase or 16z. Modern cryptocurrencies are doing better with better technology! Now shut up before we prosecute you.

But we are lucky to have a system called "natural experience". By 2020, Coinbase will announce that it decides to collect a group of tokens. Some have been approved (including in my review above) and some have not.

What is the income for unregistered characters? Many escaped. In terms of USD and BTC, unregistered coins outperformed public sector coins and slightly outperformed ETH (in my opinion, ETH is the best indicator). ).

Significantly, depending on the age of the coins, they were also worth less than Coinbase coins. There are several reasons for this. (1) The Coinbase selection process can weed out the worst coins. (2) Unregistered parts are older and have more time to degrade.

If you look at 2020 and do the average comparison (5 p.m. Coinbase vs. 13 p.m. Anonymous), the difference in returns is astronomical. - In fact, only 1 out of 17 listed companies performed better than ETH, while 4 unlisted companies performed better than ETH.

This negative impact is so strong that choosing a coin that is not listed on Coinbase in 2019 and 2020 will give you more chances to earn BTC or ETH. In 2020, ETH's difference is 5x (94% of Coinbase 2020 tokens underperformed when Coinbase denies 69%. This means USD liquidity is similar to outperform Coinbase's "halo effect". This shows this provider.

It is a good support for my point. (1) The appreciation of the coins was mainly due to unreliability, insignificance (listed and unrecorded losses at the time) and (2) Coinbase gains to make money.

for sale? You can't tell me the part...

lock

We look at 16z coins and see that they don't make the average name of BTC, ETH, and Coinbase.

How to delete tokens? The 4-piece model is small, but the results are minimal.

The recovery of the unlisted 16z bullion coin can be much higher than that of Bitcoin, which cannot be compared to public exchange coins. Arweave is funded by 16z and Coinbase Ventures, but has never been made public. This is the best performance since Coinbase said it was "testing" whether to go public, doubling the total 10x!

Basically, we can tell our story with 3 “DeFi Summer” coins in 2020.

All tokens go through the same "macro" environment. Tokens that are not listed are best, tokens that are not returned by VCs are best, and tokens backed by VCs are worst.

What does it mean?

When I saw this, my first thought was that I wouldn't buy anything on Coinbase and would rely on VC-backed tokens, especially after the initial hype. As a result, I haven't lost my marketing skills.

The reason for the result is only to buy BTC and ETH. Although these discounts decrease from year to year (like the previous year), they are less risky than these small amounts. There seems to be more purchases than "web3" tokens in general. (Please re-read the disclaimer above.)

I think it also has a significant impact on some of the big cryptocurrency debates.

Refutation of the "Balaji" theory. Balaji would like to remind you that one of the main themes of "web3" is to help "the little ones". However, most users buy from Coinbase, so they cannot track Bitcoin's performance.

Argument in favor of "Jack". Jack argues that most tokens are owned by investment firms that use the term "web3" to destroy Bitcoin by stealing the capital created by claiming deflationary assets. Jack was a bitcoin tycoon, and it was his idea, but now it looks like he was right.

Another thought: Coinbase could also lose its reputation here. They may need new tools to stimulate the economy, but others think Balaji stepping out with caution could have an impact. This makes the decision to give his word to "help" investors, but judging by the data, it may be wrong. Also, Balaji has worked on 16z and Coinbase, so no one can tell what his focus is.

Finally - do you think anything inappropriate would happen with these two companies? In fact, I don't think so. Chances are they won't see the person's number. It can be transparent as it is difficult to get information from other traders and exchanges. But they are also by far the most influential.

Alternatively, VCs and Entrepreneurs who have been waiting for revenue for 10 years can now get it in one year. The last time this happened was in 1999 and we know how it ended. It's a statement of risk, and the risk quickly spreads to large numbers of people.

Potential readership for my review:

I don't have any cryptocurrency. No, I bought BTC, ETH, and NEAR to counter recent skepticism with a $26 BITO release on March 22.

You are a big bitcoin. No, I worked with Joe Lubin for 3 years at ConsenSys.

You haven't seen any other exchanges. I think poisoning is also the strongest thing Coinbase has by far the most "popular" names on the exchange. I also think the relationship between 16z and Coinbase is the best place to learn because 16z and Coinbase have the greatest relationship and impact. I also believe that a16z has an account on Kraken or Gemini and would be happy to revisit with Binance their interest in Coinbase, so this might be a consideration in the future.

It's not a bad comeback. Cashback set last year (from 2021) is still good and cashback against USD is good. That's great, but if those coins go up because of Bitcoin, what if Bitcoin goes down? And if you just fell in love with Bitcoin, what is Coinbase for?

Before writing this, I ran the raw data (about $50,000 BTC) in December and all samples were the same.

My resolution (Hello, Gary Gensler)

The first question I want to ask is is this correct? The Nasdaq and NYSE both have capital investments, but the SEC must approve the investment before it goes public! Regulators do not verify all Coinbase listings. Of course, there may be procedures, but can we trust the financial information of old companies if no one verifies it?

It appears that Google invests in Goldman Sachs, Goldman Sachs publishes research data on Google's operations, and Google's IPOs are its own investment. And no one needs to disclose company details. Surrounded by this negative awakening, did you receive any important information?

Here are some of the solutions that we believe are necessary to better protect investors and deal with these bad recoveries.

Financial report. Hedge funds and mutual funds are managed by 13F and 13D. 13F is required to report insurance on a quarterly basis and 13D is required to report insurance whenever 5% or more of public risk capital is received. My point is that VCs and other crypto traders should do the same with cryptocurrencies. Do you want to sell to the public? Play by Open Shop rules. Otherwise, it would be unfair for the funds to be clicked on Coinbase's billion dollar YouTube channel.

Some claim that 13F and 13D are unusable and will not help small traders who cannot read the data. But I think it would allow professional investors to value the tokens of those who have quickly become who will gain or lose their reputation.

Modify trade rules. But not just through deregulation. Populists will say, "Abolish business licensing!" This affects human participation in the development of the industry! "I'm honest, but did you know that public companies ("unlicensed" investments) are also regulated and regulated? Broaden the relationship between investors and management, risk and, most importantly, management and investors keys.

I'm sure the Balaji and Ryan Selkis world will say that this idea "kills" new construction. Contrary to popular belief, I do not believe that corporations (as they are) have delayed privatization and open markets have become too tolerant of heavy burden losses. . If you as a developer or entrepreneur can avoid segregation and recoup a lot of money, why?

Close the loophole for power consumption and control tokens. The SEC mistakenly created the negative saying that Ethereum is not secure because Ethereum coins have value.

DeFis typically uses the "Governance Token" model, where a token is a ballot.

Take Celo as an example. “In 2018-20, Celo raised over $46.5 million by selling approximately 120 million CELO tokens.” Since then, he said that the total token supply will not exceed 1 billion, which is only 6% (60 million) of exports. It has since listed on Coinbase (Coinbase and a16z Investments) on September 3, and within 15 months, around 12% of the coins are now in circulation, up to 37%. !

The value of these coins lies in its ability to "vote for the creation of stablecoins", thus requiring 1 billion coins.

If the electronic tokens/checks are still there, the ad company should make an accurate estimate of how many user tokens are actually needed at the time of publication. By doing so, investors can guarantee.

Look at the slow revenue after the April 2021 reporting period (for 1.2% per month).

stricter (incorrect) rules. Coinbase currently has no rules regarding minimum trading, minimum membership, or minimum daily trading. This means that the air parts can fall, fall and fall again. The NYSE and Nasdaq have many of these rules, so they have the best reputation in the world. This also includes rules regarding the number of products the management team can control. If cryptocurrency exchanges are canceled again due to lack of capital or loss of value, their reputation will be damaged.

Therefore

In Urdu we call chacha "white". Because they can meet your needs. After all, I'm on Substack. But unfortunately, the status quo of cryptocurrency investing today is that all the “research” you get from someone is chasing it.

I don't know if Balaji or Jack will turn out to be true in 10 years, but they all support the idea that I call "Charlie Lee" (founder of Litecoin). A theory that could have a major impact on assets like Bitcoin. There are demands, but the biggest problem is that there is no real deflation because anyone can create another cryptocurrency likeness.

What will Coinbase's revenue be in 2021 next year? I would be happy to predict that the same pattern of declining Bitcoin returns will continue after the coin price explosion. At the very least, we hope Coinbase users will eventually see it, as we've seen with ETFs and mutual funds.

Ideally, investors and exchanges are those who wish to restructure financially but do not consider it difficult. As Matt Levine said, many cryptocurrencies simply repeat the mistakes of their financial history. In the worst-case scenario, the wealthy join their friends to invest in the bubble and help them buy a $100 million mansion. Now is the time for big business and leaders to take action and ensure everyone has the same standards and data. Until then, buyers are cautious.

fist:

In eight cases, no unregistered tokens were traded prior to the Coinbase measurement. In this case, we use the fastest trading data available from Coiningecko. Interestingly, 5 of these 8 coins that have not been traded and are publicly available have invested in a16z or Coinbase! I use a16z and coinbase.

I use a16z and Coinbase Ventures personal investment wallet, but in one case (Livepeer) I found an external site that has an investment in Coinbase, but it's not listed on the website (the announcements will be removed later).

For Coinbase supported and unsupported market comparisons, you will not find retail listings for the companies listed below. Braintrust, Clover Finance, Jasmy, Kyber Network, Loom Network, Moss Carbon Credit, Voyager Token, Wrapped LUNA, Orchid-protocol.

Siv:

All my exam data and information are available at https://docs.google.com/spreadsheets/d/11Ae3w-YCcMLI4zj4FXX76aooqMHHg4AUFtS-Ro1KODA/edit#gid=1977009638

Coinbase has all the new names on its blog. This article first appeared on https://blog.coinbase.com/coinbase-continues-to-explore-support-for-new-digital-assets-2c5b84813fcf

Coinbase collects capital on its website. https://www.coinbase.com/ventures

A16z portfolio has two titles: cryptocurrencies https://a16z.com/portfolio/#crypto and all https://a16z.com/investments/.

Messari also has certifications on Coinbase https://messari.io/screener/coinbase-ventures-portfolio-34D634C4 and A16z https://messari.io/screener/a16z-A3B6E65F, but with reference to the real thing.

All rates are from Coiningecko.com. Revenue is as of January 9, 2022.