Coinbase CEO: "I was wrong"

Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork
07 August 2017   2001
Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

While the Bitcoin price stays at all-time highs, Coinbase CEO Brian Armstrong looks back at the bet he made and the predictions about Bitcoin hard fork:

Bitcoin Cash

A new cryptocurrency representing a hard-forked version of Bitcoin, different from it in the blocksize limits

In the original article from February, 2016, Armstrong bets $5,000 that "Bitcoin’s first hard fork works out just fine". Coinbase CEO argued that:

  1. Bitcoin is not splitting, it is upgrading
  2. Hard forks are one of the most important innovations of Bitcoin
  3. Multiple teams working on the Bitcoin protocol is a good thing

However, no one was willing to take Armstrong up on his bet, so he had to officially withdraw the offer (he even offered 10:1 odds and still no takers). 

Now, after more than a year, Brian Armstong admits his some of his miscalculations:

Clearly I was wrong about multiple coins persisting (didn't anticipate the minority forks having any real value). At least I get a chance to admit when I'm wrong :)
 

Brian Armstrong
Coinbase CEO

However, the man also notices that the prediction about the price rising post-fork was correct (at the time of writing Bitcoin price tops $3200). 

Member of British Parliament Wants to Payl Tax in BTC

MP  comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes
11 December 2018   12

Eddie Hughes, a member of the UK Conservative Party, said that the state should make it possible to use Bitcoin when paying taxes and utilities. It is reported by The Daily Express.

Eddie Hughes, who represents North Walsall in parliament, calls himself a "crypto-enthusiast with amateur knowledge." According to him, the blockchain technology attracts a lot of attention, and therefore members of parliament "must understand it."

Eddie Hughes also said that he recently met with representatives of the Royal Society for Water Rescue, which accepts donations in cryptocurrencies, after which he came to the idea of ​​making it possible to use Bitcoin when paying municipal taxes and utilities.

It just feels like it gets talked about a lot, wherever you go in the UK, and as MPs we have a duty to understand it. 
 

Eddie Hughes

MP

Hughes comments were made shortly after the Ohio government allowed companies registered in this state to pay bitcoin taxes, which he also reminded in his interview within the publication.