Scaling in 2017: Coinbase’s Brian Armstrong Lends Support to SegWit
Coinbase CEO Brian Armstrong is the latest cryptocurrency industry figure to lend support to Segregated Witness, hereinafter SegWit, technology as Bitcoin’s future. In a tweet Thursday, Armstrong stated he thought the technology, which has traditionally struggled to find wider community support, can “help the industry move forward.” Litecoin on board. The comments were made in response to a similar call from Litecoin creator Charlie Lee. Lee described SegWit as “maybe not the full scaling solution you want” but nonetheless doing “a ton of cool stuff.” The scaling debate in Bitcoin circles....
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Brian Armstrong, CEO and co-founder of Coinbase, has called for the activation of segwit, a controversial protocol update of the bitcoin network which adds further transaction capacity while largely fixing transaction malleability to pave the way for the Lightning Network. Armstrong stated segwit is “prob[ably] the best path forward for bitcoin at this point,” before calling on everyone to “come together and move forward as an industry. Activating SegWit can help us get there and it has a number of good features.” His statement was in reply to Charlie Lee, Litecoin’s founder and Director....
CEO and co-founder of bitcoin wallet and exchange service Coinbase, Brian Armstrong, has deemed the recent proposal to scaling Bitcoin as merely “words” and not action while trumpeting Bitcoin Classic as a better solution for bitcoin’s scaling debate. Brian Armstrong, co-founder and CEO of Coinbase has, in a blog post titled “The Bitcoin Roundtable Consensus Proposal – Too Little, Too Late”, dismissed the recent proposal to scale bitcoin. The proposal to scale Bitcoin was achieved over the past weekend among a group of the major mining pools, wallet and exchange service providers &....
Brian Armstrong strongly argues that China’s Central Bank Digital Currency will pose a threat to the U.S. Armstrong see the CBDC as a move that will disrupt the United States reserve currency in the long run. According to Coinbase CEO Brian Armstrong, he has already discussed his concerns with heads of agencies and lawmakers. Brian […]
Apple’s App Store policies, according to Brian Armstrong, CEO of Coinbase, have impeded the company’s product plan. He blamed Apple for prohibiting features from their app and overall being unfriendly to the crypto business. Brian Armstrong Bashes Apple On a recent episode of the Superstream Podcast, Coinbase’s CEO and co-founder Brian Armstrong chastised Apple for […]
Brian Armstrong expects other revenue streams to take the lead in five or 10 years. Coinbase CEO Brian Armstrong has addressed the platform’s transaction fees as the company's shares list on Nasdaq today.In a CNBC Squawk Box interview on Wednesday, Armstrong discussed public concerns associated with Coinbase’s massive returns coming from transaction fees. As previously reported, nearly 96% of Coinbase’s entire revenue in 2020 was generated from transaction fees charged to users.When asked about the potential impact of greater competition on transaction fees on Coinbase, Armstrong said that....