U.Today – It’s not every day that the CEO of a major cryptocurrency exchange and a vocal critic find themselves in a back-and-forth, but here we are. Brian Armstrong, the head of Coinbase (NASDAQ:), recently pointed out a problem that’s both a blessing and a curse for the crypto industry: the sheer volume of new tokens being created.
With around 1 million tokens popping up every week, Armstrong argued that the current system of evaluating each one individually is no longer feasible.
Instead, he suggested a shift from an “allow list” to a “block list,” relying on customer reviews and automated scans of on-chain data to help users sift through the noise. He also hinted at deeper integration with decentralized exchanges (DEXs), aiming to make the trading experience seamless, regardless of whether it happens on a centralized or decentralized platform.
Proof of work? Nothing more than hole in ground
Enter Peter Schiff, the gold…
