Coinbase CEO thinks Bitcoin offers much more promise than peril

Brian Armstrong is a Bitcoin believer.

Given half a chance, he’ll talk unceasingly about the virtues of the virtual currency. He’s so into Bitcoin that he takes his paycheck entirely in the virtual currency and has a special debit card that allows him to pay with Bitcoin – indirectly at least – when he goes to the mall.

Four years ago, Armstrong’s enthusiasm led him to help found and run Coinbase, a company designed to help link the to the real world. Based in San Francisco, Coinbase helps consumers convert standard currencies to Bitcoin and helps businesses process payments made in the cyber money.

Although Bitcoin’s value has been extremely volatile and backers of the currency have been struggling to reach an agreement to upgrade its underlying technology, Armstrong’s faith remains unshaken. He spoke recently with the San Jose Mercury News about Bitcoin’s evolution and

Read more ... source: TheBitcoinNews