Brian Armstrong, predicts private currency could be normalized through this year
Coinbase co-founder believes a coin with built-in privacy features will be developed
In the official blog of the cryptocurrency exchange Coinbase, Brian Armstrong says that for this year the integration of privacy features would be seen in one of the main cryptocurrency blockchains. It also provides that a digital currency with such characteristics will generalize in the coming years.
“As the Internet was launched with HTTP, and only later introduced HTTP as default on many websites, I think we will eventually see a privacy or blockchain currency with built-in privacy features that will be adopted in a general way in the 2020 decade.”
After in March, the head of the Finance Committee of the National Assembly of France proposed the prohibition of so-called anoncoins or private currencies and then, in May, the Japanese Coincheck exchange did the same with four privacy cryptocurrencies, it only shows that centered currencies should be one of the main focus of bitcoin development (BTC), as Armstrong asserts.
Armstrong also notes that most of the world’s billionaires will come from the cryptocurrency space in the 1920s. “My friends Olaf Carlson-Wee and Balaji Srinivasan estimate that at a price of USD 200,000 per bitcoin, more than half of the billionaires of the world will be cryptocurrencies.”
As Cointelegraph reviews in a recent analysis, privacy in crypto space is a complicated issue. The reason is that some believe that privacy is a fundamental requirement for the tranquility and security of the blockchain ecosystem, while others think that anonymity is useful only for criminals.
K.Villarroel
Source: cointelegraph
