Coinbase CEO Reveals Top 10 Crypto Ideas He Urges Developers To Work On

From flatcoins to on-chain ads, Brian Armstrong hopes aspiring developers will take the time in the bear market to develop these crypto concepts .

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Coinbase CEO Brian Armstrong unveiled the ten ideas he's most excited about for the future of crypto, sharing hope that developers can use the bear market to bring them up to speed. superior.

The Coinbase boss shared his vision for the future of crypto in a blog post and company presentation on August 30, sharing the concepts he believes have the potential to succeed in the industry digital assets.

"I decided to share my top 10 ideas in the hope that someone would come and build them," he said before adding, "Ideas are cheap."

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1/ 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 land at Coinbase, but we don't have time to cover everything. So I thought I would share them. Bear markets are… pic.twitter.com/XKzCkMaOOT

— Brian Armstrong ️ (@brian_armstrong) August 30, 2023

One of the first concepts he discussed was a “flatcoin” – a decentralized stablecoin that tracks inflation to preserve purchasing power, which could be backed by a basket of assets or use an algorithmic approach .

Armstrong cited services like Ampleforth and Truflation, which “now offer a way to potentially track inflation on-chain, to further decentralize it.”

He said something like this was necessary because people are reluctant to spend Bitcoin, and fiat-backed stablecoins “suffer from inflation and foreclosures – just like fiat currency” .

Another concept was “on-chain reputation”: a system that assigns reputation scores to wallet addresses or ENS names based on on-chain activity. It would be so...