Coinbase CEO responds to community open letter: Coinbase covers diverse application scenarios, and its social features facilitate content distribution.

Odaily reports that Coinbase CEO Brian Armstrong has responded to an open letter from some community members addressed to Base. The letter points out that Base seems to be prioritizing a creator economy over an on-chain economy as its core framework, and is frequently promoting creator tokens.

In response, Brian Armstrong stated that Base's positioning is not singular; its uses cover a variety of scenarios, including payments, trading, DeFi, and building applications and companies. Coinbase's goal is to ensure that every developer on Base receives a fair share of the revenue.

He further pointed out that social feeds play a crucial role in content distribution, not only helping emerging apps, businesses, and developers gain exposure, but also for investment information, prediction markets, social trading features, and various alpha and insight content. Brian Armstrong believes that cryptocurrency itself can serve as an effective ranking and incentive mechanism, and because it involves real value exchange, it is more difficult to manipulate than the bot-driven metrics commonly found in traditional social media.

In addition, he mentioned that the dynamic system equipped with native cryptocurrency likes is of great significance, but it is not yet possible to determine which type of content will ultimately perform best in the dynamic system. It still needs to be iterated and verified through actual releases and continuous collection of user behavior data.