Coinbase CEO reveals top 10 crypto ideas he's urging devs to work on
Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto's future, sharing hopes that developers can use the bear market to take them to the next level.
On Aug. 30, the Coinbase boss shared his vision of a crypto future in a company blog post and presentation — sharing the concepts he believes have the potential to make it in the digital asset industry.
“I decided to share my 10 top ideas with the hope that someone goes out and builds them,” he said before adding, “Ideas are cheap.”
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 lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are… pic.twitter.com/XKzCkMaOOT
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 "offer a way to potentially track inflation on-chain today, 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 seizure — just like fiat money."
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 similar to Google’s PageRank and used for lending, ratings, and fraud prevention.
Armstrong also highlighted the potential of “onchain ads” — the Web3 version of adverts that would pay out based on on-chain actions as
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