Coinbase CEO Says Bitcoin (BTC) May Lose Cryptocurrency Race to Altcoins – Here’s Why

Brian Armstrong, CEO of digital currency exchange Coinbase, says Bitcoin (BTC) may be surpassed by other digital coins as the crypto industry evolves into maturity. 

In a series of tweets, Armstrong highlights the parallels between the early internet and cryptocurrency. He says challenges that early internet developers faced are comparable to those that hound today’s young crypto industry.

“At Netscape, they were working with early internet protocols. Things weren’t very scalable (dial up modems), you had to be somewhat technical to figure out how to get online, and early websites were pretty basic (static sites, looked like toys).

Sound familiar to crypto at all??

They figured they’d try making a shopping cart (see if they could build a first party app).

There was no way to save state or create a session (for instance, to make a shopping cart), so they created the concept of cookies.

Then, next problem was that nobody wanted to put a…