The Ledger
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Armstrong: Centralized national digital currencies miss the entire point of cryptocurrency
“I am skeptical of countries like Ecuador saying they're going to create their own digital currency, since if you centralize a digital currency, it seems to miss the whole point in my book.”
Armstrong: Bitcoin is a global value protocol as big as the internet
“The Internet was such a transformative thing in society. It's this global decentralized protocol for moving information around. But here was another protocol that was also global and decentralized, but it was for moving value around, or money. And I remember t…”
Armstrong: Mainstream crypto adoption requires scalability, stablecoins, and better dev tools
“It's like, we've got to get the scalability of the networks up. The volatility of the coins probably needs to come down, or stable coins, which is like this whole, you know, area of research happening right now with like a dozen teams is going to be a really g…”
Armstrong: Volatility is a feature for investors but a bug for payments
“Volatility is actually a feature if you want to be an investor, but it's a bug if you want to just have a medium of exchange.”
Armstrong: Strong Developer Traction Signals 5-10 Year Platform Growth
“If you look at traditionally things that have gotten a lot of developer interest like Linux or Android or whatever it sometimes takes five years or 10 years, but they eventually end up being massive platforms.”