Coinbase CEO’s Blue Dot Video Raises Curiosity in Crypto Community
Co-Founder and CEO of Coinbase Brian Armstrong posted a brief video of a blue dot on a black background which faded into today’s date. This got the crypto community thinking from different angles.
— Brian Armstrong (@brian_armstrong) February 23, 2023
The r/CryptoCurrency community on Reddit posted some of the people’s perspectives with regard to this video. In the post, one Reddit user stated, “Using our powers of deduction we can conclude that they will announce something tomorrow [which is Thursday], the question is what are they announcing?”.
Some believed it will be a launching of an L2 (Layer 2) to trade securities powered by optimism. In particular, one netizen who was of the same school of thought stated, “If L2, then the best guess is Coinbase launches a fully KYC’ed chain to trade securities with a traditional broker experience and on-chain settlement.”
Others believe that Coinbase was going to airdrop tokens that will track and report everything to the Internal Revenue Service (IRS) which requires taxpayers to declare all digital asset income.
Interestingly, one netizen tried to connect the dots between an Optimism post and Coinbase’s recently released video. The netizen mentioned the post had something to do with Coinbase’s blue dot video. This is because Optimism posted a picture of a base jumper with his parachute, which from above looks like a blue dot.
Another netizen who thought from a different angle stated that this whole scenario wouldn’t be complete without some [expletive] coins using the opportunity to try and grab some attention from the hype.