Are Privacy Coins the Trigger for Mainstream Adoption? They Could be According to Coinbase’s Brian Armstrong

• Crypto is quickly becoming a universal go-to financial instrument for people in economically developing countries. 
• This is the edge for the industry and even though it was used by darknet criminals in the past, crypto is now well on its way to getting to gaining mainstream adoption.

Cryptocurrency is quickly becoming a universal go-to financial instrument for people in economically developing countries. This is the edge for the industry and even though it was used by darknet criminals in the past, but crypto and crypto trackers all around the world are now well on its way to getting to gaining mainstream adoption.

It is estimated that at least 50 million people all across the globe are using digital assets like cryptocurrency. And according to the CEO of Coinbase, Brian Armstrong it is indeed possible to make this number increase to 5 billion in the future. This is thanks to one thing, in particular, blockchain.

The CEO of Coinbase spoke on the topic in a recent Twitter thread about the fireside chat he had with the co-founder of Andreessen Horowitz, Ben Horowitz.

Armstrong explained how the Internet has changed over the years especially since it’s early days in the 90s. Things weren’t very scalable during this time but when innovations such as SSL and HTTPS were created, developers and start-ups began to get attracted to the then-nascent industry. These were the two tools that spurred on mainstream adoption for the Internet.

Armstrong went on to make parallels between the Internet and cryptocurrency and cited privacy coins. The similarities between the two in terms of growth are nothing less than phenomenal.

As they started to get their first party app working in the browser, they were inventing the tools for web apps to go mainstream globally, which would attract millions of developers and startups.

Javascript, for instance, is now the most popular programming language in the world

— Brian Armstrong (@brian_armstrong) March 4, 2020

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