Despite a tumultuous and volatile marketplace; scandals, arrests, and bankruptcies at rival digital exchanges; and social issues disrupting his own company, Coinbase CEO Brian Armstrong is a devout believer in digital currencies and the power of the blockchain. In this interview, Armstrong describes how he co-founded Coinbase, explains the basics of how digital currencies work, and responds to criticisms of cryptocurrency from Warren Buffet and others.
It stands to note, Warren Buffet, Charlie Munger and other elderly wealthy investors tend to be dead wrong about anything technology related, because they grew up in a different time and don't understand it. Both of those men believed the internet was a fad and would go away within 10 - 20 years. They were so wrong. Young people will inherit the earth, and they feel failed by our current financial system, banks, fiat currency and runaway inflation. Bitcoin solves this and will prevail as old men and their opinions die out.
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