Coinbase CEO: Cryptocurrencies will complement or replace Finance 1.0

On November 28, Coinbase CEO Brian Armstrong stated on Twitter that cryptocurrencies will be a supplement or replacement for Finance 1.0, but the ratio of the two remains to be seen. Just as email does not replace the thoughtfulness of handwritten letters, technology is often additive (not just disruptive). Cryptocurrencies will open a new and more open financial system, thus largely complementing the existing traditional financial system.