Coinbase CEO Brian Armstrong acknowledged the challenge posed by the increasing number of new tokens being created in the crypto industry. He proposed a shift from individually evaluating each token to relying on customer reviews and automated scans of on-chain data. Armstrong also suggested deeper integration with decentralized exchanges to enhance trading experiences. In response, gold advocate and crypto skeptic Peter Schiff criticized the concept of "limited supply" in Bitcoin and questioned its inflation rate due to the flood of tokens in the market. He also criticized Bitcoin's proof-of-work mechanism, arguing that it does not store or transform energy into anything useful.



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