The Coinbase exchange platform will be going through several changes over the coming months, as they will rebrand to GDAX and add two new cryptocurrencies. Ethereum support has already been confirmed, and it seems very likely Litecoin will be added as well. But what does this mean for Bitcoin? Is GDAX Pivoting Away From Bitcoin?
That seems to be the primary question on everybody’s mind. Brian Armstrong , the GDAX CEO, has made some interesting remarks about Bitcoin in the past, which may cause some people to question his loyalty to the cryptocurrency which put his company on the map. While everybody is entitled to their opinion, one would not expect certain remarks from a Bitcoin company CEO.
In March of this year, Armstrong went as far as calling the Bitcoin Core developers “the biggest systemic risk” this cryptocurrency has faced to date. This particular remark was made after the GDAX CEO attended the Satoshi Roundtable meeting at the end of February, which did not present an immediate solution to the ongoing Bitcoin block size debate.
Brian Armstrong wrote the following in a blog post: “The conversations initially focused on various compromises to kick the can down the road on scalability. But as the conversations went on, I became less and less concerned about what short term solution we pick because I realized we all had a much bigger problem:the systemic risk to bitcoin if Bitcoin Core was the only team working on bitcoin.” But that was not the only gripe the GDAX CEO has with the Bitcoin Core developers, as he strongly felt it was their fault and their fault alone we have gotten to this point in time. He even predicted a potential negative spiral as far as the Bitcoin price is concerned, unless a proper solution […]
