Brian Armstrong is a paradox

**analyst75** · April 10

Because of his convictions, Armstrong is a paradox:

He welcomes regulation, but is battling the SEC to prevent innovation-stifling overreach.

He runs a centralized exchange, but promotes the very decentralized technology that will put him out of business.

He is a strong advocate for individual privacy and self-custody of digital assets that give users full control of their private keys, and yet Coinbase offers non-custodial wallet services (that give users ZERO control of keys) which must comply with strict know-your-customer (KYC) laws that require a great amount of private information.

The common thread, if I’m reading it correct:

Armstrong is idealistic in his long-term vision but pragmatic in his short-term execution.

He's willing to make certain compromises and work within existing constraints in order to make incremental progress toward a more decentralized and privacy-preserving financial system.

This ability to navigate between two seemingly opposing forces - centralization vs. decentralization, privacy vs. transparency, innovation vs. regulation - is likely a key reason he's been able to build Coinbase into the crypto industry leader it is today.

Like the Netscape founders in the 90s, Armstrong is a technology pioneer on a mission to bring a powerful new tool to the masses.

It will be interesting to watch his strategy play out as both Coinbase and the broader crypto ecosystem continue to evolve.

Author: Chris C.

Source: AltucherConfidential

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