Brian Armstrong explains how crypto will go from 50 million users to 5 billion! Brian Armstrong explains his thoughts via Twitter on March 4th. He believes that the efforts to make mass adoption possible for the internet are similar to the work that is currently being done for cryptocurrencies.
Some of his tweets include:
“The chain that manages to ship some of these scalability, privacy, decentralized identity, and developer tool solutions will have a big leg up.”
It seems that the conversation that Armstrong had with Ben Horowitz, the co-founder of A16z, regarding the parallels between the early internet and cryptocurrency is what drove Armstrong to tweet what he did. Horowitz was formerly a product manager at Netscape, one of the biggest web browsers in the mid-nineties.
Armstrong further embellished, adding that Netscape’s tools allowed the internet to go mainstream and attract millions of developers and startups. In the early days, the internet was plagued with slow connection speeds, lack of content, and lack of privacy standards that prevented people from trusting the web with their financial information.
Armstrong’s overall message was simple – cryptocurrency and the ecosystem must work on scalability, privacy, decentralized identity standards, and tools that will make development easier – then, and only then, can mainstream adoption happen. On a bright note, he did remark that “there are a number of teams now racing towards this prize.”
Access to crypto is becoming increasingly easier for people throughout the world. Crypto ATMs across the globe has grown to over 7,000 and can be found in 75 countries. More governments are recognizing the power of cryptocurrency and blockchain – South Korea’s National Assembly just passed an amendment declaring cryptocurrency to be legal! What’s next?
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