{"id":300657,"date":"2021-07-16T13:29:29","date_gmt":"2021-07-16T10:29:29","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-offers-more-freedom-coinbase-ceo-responds-to-doge-creator\/"},"modified":"2021-07-16T13:29:29","modified_gmt":"2021-07-16T10:29:29","slug":"crypto-offers-more-freedom-coinbase-ceo-responds-to-doge-creator","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-offers-more-freedom-coinbase-ceo-responds-to-doge-creator\/","title":{"rendered":"# Crypto offers more freedom, Coinbase CEO responds to DOGE creator"},"content":{"rendered":"

“# Crypto offers more freedom, Coinbase CEO responds to DOGE creator <\/strong>”
\n<\/p>\n

Brian Armstrong, co-founder and CEO of Nasdaq-listed cryptocurrency exchange Coinbase, took to Twitter<\/a> to respond to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer.<\/p>\n

In a Twitter thread on Thursday, Armstrong pointed out<\/a> some of the biggest benefits of cryptocurrencies like Bitcoin (BTC), stressing that crypto is \u201csimply providing an alternative for people who want more freedom.\u201d<\/p>\n

The CEO emphasized that one\u2019s stance on the crypto industry depends on a perspective, elaborating that people who want more control from financial regulators are free to enjoy the traditional fiat system. But crypto is a \u201cmuch-needed breath of fresh air\u201d for those who believe that government solutions are often \u201cinefficient, overpromise or underdeliver,\u201d Armstrong noted.<\/p>\n

Armstrong went on to say that traditional investment tools are usually associated with a lack of opportunities for smaller investors, referring to restrictions such as accredited investor laws:<\/p>\n

\u201cAccredited investor laws are a good example. They were created with the best of intentions, to protect regular people from scams \u2014 a noble idea. But what has been the actual result? They\u2019ve often made it illegal to get rich via investment unless you\u2019re already rich.\u201d<\/p><\/blockquote>\n

In contrast to some traditional investment instruments, cryptocurrencies like Bitcoin did not require investors to be accredited by any financial authority in early inception, thus representing an attractive opportunity for retail investors, Armstrong said:<\/p>\n

\u201cThis is part of why Bitcoin has made so many people wealthy. It was not a security, so regular people could invest early on.\u201d<\/p><\/blockquote>\n

As such, Armstrong concluded that crypto creates \u201cwealth mobility and more equality of opportunity for everyone,\u201d stressing that everyone can choose the system that works best for them. \u201cCrypto is not going to solve wealth inequality \u2014 it\u2019s not trying to create the same outcome for everyone,\u201d he added. With a mission to \u201ccreate an open financial system for the world,\u201d Coinbase is known for its \u201cno-politics\u201d stance officially taken<\/a> in late 2020.<\/p>\n

Related:\u00a0Michael Saylor doesn\u2019t think Bitcoin is \u2018going to be currency in the US ever\u2019<\/strong><\/em><\/p>\n

Palmer, who created Dogecoin as a joke back in 2013, took to Twitter earlier this week to blast the entire crypto industry, arguing that crypto is an \u201cinherently right-wing, hyper-capitalistic technology<\/a>\u201d designed for a combination of \u201ctax avoidance, diminished regulatory oversight and artificially enforced scarcity.\u201d In 2018, Palmer predicted that the industry is \u201crapidly racing towards an oversaturation of cryptocurrencies\u201d to the point that their value and utility \u201cinversely app<\/a>roaches zero.\u201d<\/p>\n

As previously reported, Dogecoin has emerged as one of the most popular cryptocurrencies this year, becoming the top-gaining digital asset in Q2 2021 with a surge of 392%.<\/p>\n