Brian Armstrong Shares Ten Of His Favorite Crypto Innovations

Coinbase CEO Brian Armstrong has shared ten emerging ideas in the crypto space that excite him, adding that he wants to put these ideas “out in the ecosystem.”

The CEO shared these ideas in a 20-minute monologue on Twitter Spaces.

Brian Armstrong’s Favorite Crypto Innovations

Coinbase and its CEO, Brian Armstrong, have had a relatively good week. Coinbase’s stock value saw a significant surge on the back of renewed hopes for a Bitcoin spot ETF approval. Perhaps it was this buoyant week that prompted Armstrong to take to X and talk about ten emerging ideas that excited him. During the session, Armstrong reiterated that he would love to see these ideas being taken up by others and implemented in the ecosystem. Armstrong added in his post on X, stating,

“I’m sharing the 10 ideas I’m most excited about in crypto right now. If you’re building something in crypto or thinking about doing so – check it out. We’re building lots at Coinbase, but we don’t have time to tackle everything. So, I figured I’d share these. Bear markets are the best time for building – why not start today?”

After Armstrong posted his views, he was joined by Ryan Selkis, the co-founder of Messari, a crypto market intelligence firm, who posted a response to each of Armstrong’s ideas.

Armstrong And Selkis Trade Ideas

In the first of his ideas, Armstrong proposed a decentralized coin that tracks the Consumer Price Index (CPI), thus providing stability and inflation resistance. This is unlike traditional fiat back stablecoins or volatile cryptocurrencies. He also stated that a CPI-linked flatcoin could enable smart contracts to maintain purchasing power and act as a hedge against inflation. Armstrong also suggested tracking entity reputation on the blockchain as a way to tackle fraud, pointing out that no reputation system was associated with the Ethereum Name Service. He proposed an algorithm similar to Google’s PageRank to provide a trusted identity and prevent fraud. To this, Selkis replied that he had inv

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Author: Amara Khatri

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