Coinbase CEO Brian Armstrong attended an interview where he made important statements about Bitcoin, regulations and Binance Smart Chain. In the interview hosted by Anthony Pompliano, the CEO’s warnings about Binance Smart Chain drew attention.
Speaking about the BSC network, which has grown in popularity in 2021, the CEO said, “this kind of centralized blockchain is quite dangerous,” and added:
“50% or more of the management tokens are controlled by a company. I find such centralized networks dangerous. I think that starting to create projects in such centralized blockchains will have bad consequences for the industry. I hope we will build blockchains that are decentralized but also scalable.”
Armstrong, who has been the target of Bitcoin maximalists from time to time for his altcoin-centric approach, confirmed that he still owns a large amount of Bitcoin and said that I have “tons of Bitcoins”.
Speaking about the regulations that have become the nightmare of crypto money investors, the CEO said that regulations will be good for the future of Coinbase.
“Honestly, regulations are the best thing that can happen to Coinbase. Because we are the best company in this field. We have a huge balance sheet, tons of lawyers and employees. These regulations will mostly affect small businesses. This will strengthen our position.”