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<p>Coinbase’s CEO is currently excited about 10 major crypto concepts that could completely change the face of the digital asset sector worldwide. In a video published this August 30, Brian Armstrong explained these concepts to developers, encouraging them to take advantage of the bear market to work on them. Read more.</p> 
<h2 id="in-brief">In brief:</h2> 
<ul> 
 <li>Brian Armstrong presents 10 crypto concepts, including “flatcoin”, a decentralized stablecoin that follows the inflation curve;</li> 
 <li>Among the innovative ideas, “Software for Network States” would enable on-chain governance for cities and communities;</li> 
 <li>Armstrong also encourages the development of on-chain advertising, on-chain reputation and on-chain capital to transform the crypto sector.</li> 
</ul> 
<h2 id="flatcoin-software-for-network-states-privacy-for-layer-2">Flatcoin, Software for Network States, Privacy for Layer 2</h2> 
<p>In his <a href="https://www.youtube.com/watch?v=UCqXEKqEHcY&amp;ab_channel=MoneyMatters">video</a> posted on August 30 on the 10 crypto concepts to be developed during the bear market, Coinbase’s boss began with the concept of “flatcoin”. He presents it as a decentralized stablecoin that follows the inflation curve and preserves the purchasing power of crypto users.</p>
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<p>Armstrong believes that, with services like Ampleforth and Truflation tracking on-chain inflation, flatcoins could reduce crypto users’ reluctance towards bitcoin and <a href="https://www.cointribune.com/en/pourquoi-les-etats-unis-declarent-que-les-stablecoins-sont-des-monnaies-2/" target="_blank" rel="noreferrer noopener">fiat-backed stablecoins</a> in the event of inflation or a bear market.</p> 
<p>The other very ambitious crypto idea he puts forward is Software for Network States. This is a set of tools that will enable cities and communities to engage in on-chain governance, on-chain voting, on-chain taxation and on-chain service offerings.</p> 
<p>His concept of “privacy for Layer 2” is also very interesting. Armstrong believes, without discounting the need for transparency, that “people don’t want most crypto transactions to be public”.</p> 
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     <p lang="en" dir="ltr">1/ I'm sharing the 10 ideas I'm most excited about in crypto right now. If you're building something in crypto or thinking about doing so – check it out.<br><br>We’re building lots at Coinbase, but we don't have time to tackle everything. So I figured I'd share these. Bear markets are… <a href="https://t.co/XKzCkMaOOT">pic.twitter.com/XKzCkMaOOT</a></p>— Brian Armstrong 
     <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e1.png" alt="🛡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1696923807855042601?ref_src=twsrc%5Etfw">August 30, 2023</a>
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  <em>10 concepts that will revolutionize the crypto market according to Brian Armstrong</em>
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<h2 id="on-chain-advertising-on-chain-reputation-and-on-chain-capital">On-chain advertising, on-chain reputation and on-chain capital</h2> 
<p>In his video, Armstrong proposes the Web3 concept of “on-chain advertising”, which will be based on on-chain actions rather than views and clicks, with associated smart contracts to manage payments if required.</p> 
<p>Referring to Google’s PageRank algorithm, he also proposes the concept of “on-chain reputation”, also based on Web3. He indicates that on-chain reputation will make it possible to assign reputation scores to wallet addresses, which will be very useful in the case of crypto loans or in the fight against fraud.</p> 
<p>Above all, the Coinbase CEO invited developers to work on the crypto concept of on-chain capital, which he believes will revolutionize fundraising.</p> 
<h2 id="on-chain-gaming-tokenization-crypto-employment-p2p-on-chain-exchange">On-chain gaming, tokenization, crypto employment, P2P on-chain exchange</h2> 
<p>While Brian Armstrong proposes that developers work on exclusively on-chain peer-to-peer exchanges and crypto-paid jobs, his other concepts such as on-chain gaming and tokenization are nothing new. In any case, they were great ideas for keeping developers busy and motivated throughout the bear market.</p> 
<p>We expect to see Coinbase’s CEO return to these crypto concepts at the next Coinbase Ventures Builder Summit, scheduled for October in California.</p>
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10 new concepts set to revolutionize the crypto market

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