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first_img Coinbase CEO responds to Base community controversy: personal posts are not investment advice and will not endorse any tokens

Coinbase CEO Brian Armstrong posted on X in response to the recent controversy sparked by his profile picture change and the voices from the Base community feeling insufficiently supported. Armstrong made it clear that his personal X account should not be viewed as investment advice or a signal source for individual tokens; he simply shares content online that he finds interesting or funny, and he may not be aware of whether the content relates to a specific token or project. His posts and profile picture do not constitute endorsement or commitment.Armstrong pointed out that Base is committed to building financial services infrastructure, covering tokenized stocks, lending protocols, stablecoin payments, and even meme coin trading. He supports economic freedom and user freedom to trade, but treating his X account as a trading signal is a risk users must bear, which also goes against his own wishes. Regarding support from the Base team or Coinbase, Armstrong stated that many tokens cannot be listed on centralized exchanges due to compliance and regulatory reasons, "If you hope Jesse or I can help pump or call certain tokens, we will not do that."The ways Coinbase has committed to support include hosting offline Base Batches events, providing funding to promising developers, investing in quality projects through Coinbase Ventures and the Base ecosystem fund, and regularly integrating promising Base DeFi protocols into Coinbase products. Currently, the post has over 1.05 million views.

Rune: Base has lost community trust, and Cobie responded by stating that he will push Coinbase to be closer to on-chain users

In response to the recent community controversy surrounding Base, crypto KOL Rune questioned on the X platform, stating that Cobie's goal in taking over the Base App is to promote on-chain transactions, but the current management of Base is continuously undermining user trust, leading users to believe that "trusting anything related to Base for more than 24 hours is a mistake." Under this culture, it is difficult to attract new users.In response, Cobie stated that he took over the Base App and related Coinbase trading products a few days ago, but he is not responsible for the Base chain. He acknowledged that Coinbase has long had a distance from users, especially native crypto users, and that Base and Coinbase have overdrawn a lot of user trust due to some avoidable mistakes. He hopes to listen more to the voices of on-chain users in the future and create products that users truly want to use.Subsequently, Rune responded again, stating that Coinbase's biggest problem is not just the alienation from users, but the long-term neglect and even harm to its own users. He indicated that currently over 10,000 Base users have suffered about 99% asset loss due to trusting the Base/Coinbase management, and the management's attitude towards related events has further exacerbated community dissatisfaction.Rune believes that Base has the infrastructure to become the best Layer2 in the crypto industry, but what is truly lacking is a leadership willing to take responsibility for users. He expressed hope that Cobie could change this situation, but emphasized that the current issues with Base are not just about damaged trust, but that community trust has almost completely eroded.
2026-07-18

first_img AI impacts the job market for junior programmers, but the "non-developer" programming community is on the rise

According to a recent article by npm co-founder Laurie Voss, research from Stanford University's Digital Economy Lab based on ADP payroll data shows that since the end of 2022, the number of employed junior software developers aged 22 to 25 has decreased by 19%, and entry-level software development positions have dropped by 28% from their peak, with the unemployment rate for computer science graduates rising to 6.1%. However, the total number of developers employed in the U.S. has still grown by 4.4% during the same period, with the employment of senior developers aged 41 to 49 increasing by 14%. Data from the U.S. Bureau of Labor Statistics (BLS) further indicates that over the past year, the number of "computer programmer" positions primarily responsible for writing code on demand has decreased by 16%, while positions for data scientists and core software developers that require more architectural judgment have increased by 12% and 2%, respectively.At the same time, the proliferation of AI tools has led to an explosion in software creation. GitHub added a record 36 million accounts and 121 million code repositories last year, and the number of app submissions to the Apple App Store surged by 80% year-on-year in the first quarter of 2026. Data from platforms like Vercel and Lovable indicates that over 60% of new users are "non-traditional developers" such as product managers and analysts. Industry analysts warn that as AI replaces basic coding tasks, the traditional "junior to senior" engineer apprenticeship promotion path has been disrupted, raising concerns about the safety of AI-generated code and challenging the future sources of senior developers. However, the latest hiring data from platforms like Indeed shows that the demand for related entry-level positions hit bottom in May 2025 and has begun to show signs of rebound.

Ansem: Pessimism has reached an extreme, and the current entry point for Bitcoin is a good trading opportunity

Crypto KOL Ansem reiterated the long-term investment logic of Bitcoin, stating that despite previously holding a bearish stance, the current price level presents a good buying opportunity. He pointed out that the core narrative of Bitcoin as the hardest currency remains unchanged—it's not subject to government seizure, can be transferred across borders instantly, and is not affected by the long-term depreciation of the dollar, making it an ideal vehicle for long-term wealth storage. The performance of gold outpacing Bitcoin between 2024 and 2025 temporarily undermined the "digital gold" narrative, but he believes that as long as price momentum rebounds, market confidence can be restored.On a macro level, Ansem believes that with the reopening of the Strait of Hormuz and the expected easing of inflationary pressures, the Federal Reserve's hawkish stance may be nearing its peak, at which point both Waller and the Federal Reserve will have room to cut interest rates rather than continue raising them; the strength of the dollar and rising interest rates exert pressure on gold, but if profits from AI stocks flow into real estate, cash, and long-term value storage assets, both gold and Bitcoin will benefit; institutional investors like Paul Tudor Jones still show interest in Bitcoin.Previously, Ansem candidly admitted to being bearish on Bitcoin due to Saylor's (founder of Strategy) position risk, once believing that $60,000 would be hard to maintain, but he stated he is now responding to buy signals. He noted that the current price action has priced in the worst-case scenario of Saylor being forced to sell, and even if he truly needs to sell, it would not happen for at least six months. He concluded that Bitcoin is currently at the intersection of long-term historical support levels and the most pessimistic market sentiment he has observed, making entry at the beginning of Q3 a trading opportunity worth paying attention to.

Zhao Changpeng discusses Bitcoin solutions under the threat of quantum computing: the community may face three options

CZ Zhao shared his interview video on platform X, discussing the potential impact of quantum computing on the Bitcoin encryption system, including the threat to Satoshi Nakamoto's Bitcoin holdings. If future quantum attacks lead to the old encryption system being compromised, the community may face three options.The first is to "do nothing," allowing the relevant assets to be naturally transferred by attackers and create selling pressure, but ultimately it may lead to a redistribution back to the community;The second is to freeze or restrict relevant addresses and envision returning assets under verifiable identities, but he believes this path has technical and credibility issues after the encryption is compromised;The third is an intermediate solution such as "slowing down or delaying transfers," but it also has execution complexities.CZ also proposed a compromise idea: to set a time window through community governance, such as 6 to 12 months. If the funds in relevant early addresses have not moved, they would be locked through a network fork or protocol upgrade, permanently removing them from circulation, thus avoiding future concentrated theft by attackers that could create market selling pressure. He emphasized that such decisions should be determined by community voting and believes there is currently no perfect answer, but "not taking any action may become the worst outcome in the future," so mechanisms should be designed in advance to address potential quantum risks.

The Coinbase Advisory Council warns of quantum risks to Bitcoin, the community still lacks consensus, and preparations for quantum resistance migration should be initiated immediately

The advisory committee of cryptographic experts led by Coinbase has released a report stating that Bitcoin should immediately begin preparing for potential quantum computing attacks. However, the committee did not take a clear stance on whether to freeze the millions of Bitcoins that could potentially be stolen by quantum computing in the future.It is reported that the committee members include several leading experts, such as Ethereum Foundation researcher Justin Drake, who believe that the current focus of the debate is not on how to introduce quantum-resistant signature technology, but rather on how to handle the Bitcoins that have not been migrated for a long time. One viewpoint calls for setting a deadline, after which the existing ECDSA and Schnorr signature schemes for Bitcoin will cease to be supported, and un-migrated assets will be frozen to prevent future quantum attackers from acquiring large amounts of BTC and impacting the market. Another viewpoint argues that this amounts to asset confiscation, contradicting Bitcoin's core principles of "immutability and user complete control of assets," and could set a precedent for freezing assets in the future due to regulatory pressure.The Coinbase advisory committee pointed out that the aforementioned proposals are not mutually exclusive and can be combined, but it refused to take a position on the issue of "whether to freeze legacy BTC," believing that the final decision should be governed by the Bitcoin community. At the same time, it emphasized two points: first, the technical development of quantum-resistant signature migration should be initiated immediately and should not wait for the governance debate to conclude; second, it is necessary to clearly communicate risk information to users to avoid long-term uncertainty affecting the Bitcoin ecosystem.
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