In a desperate attempt to appease regulators, have crypto’s biggest voices simply lost the plot?
, allowing users living in both oppressive and hyperinflationary regimes to retain control of their money and its purchasing power. In short: Bitcoin embodies freedom.
How do we square this with Armstrong’s argument that crypto isn’t a “replacement” for the financial system? In that sense, Bitcoin is the opposite of the government-issued stablecoin that Armstrong idealized. Itstrengtheninga good thing right?Decentralization might sound great from a humanitarian perspective – but for Coinbase? That’s just bad for business.
So explains Armstrong’s strange inclination to promote highly antithetical crypto tech like a government-issued stablecoin, in favor real cypherpunk values. His primary incentive is to keep his company and industry alive, even if that requires twisting crypto into something unrecognizable.
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