I fear that this marks the end of a chapter in my crypto career, that being Base chain.
It's become abundtantly clear that Base is and always was intended to be the "fed chain" that people used to call it.
Memes are beneath Brian, the average trader is beneath him. The focus on Base is to be an extension of Coinbase, which is basically the corpo CEX of the world.
I parsed out these quotes from his replies because they truly illustrate the corpo speak, this is not a CEO interested in the adoption of more traders.
Institutional grade products and protocols, this is their target because that's what matters in Washington. It's meant to be a settlement layer where future CEFI institutions can transact on, their target is not us.
With all that said, apart from the remaining bags I have on Base, I genuinely do not see a path forward.
The only path is to simply leave, and based off Brian's replies he's not even going to notice it.
Regarding the recent buzz around my profile picture changes and some feelings that the Base community isn’t being supported enough: I appreciate the feedback (even if tough to hear) and I realize you wouldn't take the time to respond unless you cared.
It seems I wasn't clear enough setting expectations for all of you, so let me try and do that now: please don’t follow my personal X account for investment advice or signals around individual coins. I’m simply posting things I find interesting or funny on the internet. I may not even be aware if there is a coin or project attached to the content I'm posting (you should assume I'm not, to be safe). My posts and profile pics are also not endorsements or commitments to anything.
Base is our shot at building foundational infrastructure for financial services where we can all innovate together. That includes tokenized stocks, borrow/lend protocols, stablecoin payments, etc and yes even meme coin trading. I believe in economic freedom, and support you trading whatever you want. Just realize that if you're treating my X account as alpha, you are doing so at your own risk, against my wishes. I would never recommend this.
On the topic of “support” from the Base team or Coinbase, there seems to be confusion around this too. There are many tokens we would like to list on our centralized exchange, but can't for compliance and regulatory reasons. If you want Jesse or me to pump your bags or shill certain coins, we're also not going to do that.
Here is what we are committed to on support: we run in-person Base Batches and issue grants to high potential builders, Coinbase Ventures and the Base Ecosystem Fund also invest in the most promising companies building on Base, and we periodically integrate promising Base defi protocols into our products at Coinbase which enhances distribution. I might even mention something on X if I think it's interesting, but again, this is not investment advice. In general, we bias toward supporting projects that we believe will create long term customer value.
You may like this approach or you may not, but either way hopefully it creates clarity going forward, so you can decide what you want to do. I respect your choice, either way.
P.S. I still might post memes if I think they are funny! It's still not investment advice.