Coinbase CEO Wants to ‘Overthrow Corrupt Dictators’

In a livestream Q&A, Coinbase CEO Brian Armstrong outlined his vision for the future. Among the typical crypto company goals (reach one billion users, revolutionize the economy), Armstrong revealed a much stranger ambition: “overthrow some corrupt dictators in the world.”

He also hinted at improving bitcoin’s use case in collapsing economies such as Venezuela:

“One of the ambitious things is like, with GiveCrypto, we want to give 100,000 people in Venezuela a little bit of crypto like in the next, you know, roughly 12 months. And so, I want to see if we can spark a bunch of uses there and actually have a country in the world tip. In other words, like 50 percent or more of all transactions in the economy are happening in crypto. Like, that would be amazing.”

Earlier this year, Coinbase acquired a blockchain data company called Neutrino. But an investigation revealed that Neutrino had links to the nefarious group Hacking Team. Hacking Team allegedly sold surveillance products to corrupt regimes including Saudi Arabia, Bahrain, Sudan and Venezuela.

Reference: https://www.ccn.com/coinbase-ceo-corrupt-dictators-irony-bitcoin

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Author: Neo Anderson

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