On the other hand someone like Tyler Cowen doesn't ask for clarification unless he legitimately doesn't know what some is talking about. Some guests even said "maybe I should explain that", to which Cowen replies, "this conversation is for us, don't worry about the audience", and that leads to a much better natural and interesting conversation. If the listener doesn't understand anything they can always pause and look up what they don't understand
- it probably is something people are wondering
- it's a good moment to talk about layers and where coinbase fits in the ecosystem
the answer for the curious: none of them. Coinbase is just a wallet using the layer 1 of most cryptocurrencies, and can also use apps and wallets from other layers (I'm not sure it does support any other layers at the moment though). A layer 2 can be seen like another cryptocurrency built on top of a cryptocurrency (layer 1), and a layer 3 is the same built on top of a layer 2, and so on.