Coinbase is ‘a little bit distant from users,’ claims Cobie – Is there a fix?

Well-known crypto influencer Rune asked Jordan Fish, aka Cobie, in a recent

Recent statements have reinforced the idea that it is dangerous to depend on anything related to Base, leaving fervent supporters feeling abandoned or undervalued.

Rune asked whether it is feasible to successfully add new users to the chain when the leadership and broader culture of the Base ecosystem has caused current users to lose confidence in the system.

An ‘ivory tower’ response

Fish, who is in charge of Coinbase’s trading products, stated that he recently acquired the Base App and Coinbase’s trading products. However, he made it clear that he is not in charge of the Base blockchain itself.

He said,

I think CB has generally been a bit in an ivory tower and a bit distant from users, especially crypto natives.

While the outcome is still unknown, his goals are to bring builders and users closer together, better represent the voice of the on-chain community, and focus on creating products that people actually enjoy using.

Fish concluded,

I’m going to try to ship things that people like to use. Maybe people will also hate what I’m doing with the basic app, we’ll see how it goes.

Extra stress on Coinbase

This coincided with the crypto community criticizing Coinbase CEO Brian Armstrong for using a CryptoPunk profile photo that he did not actually own.

Armstrong then changed his profile picture to a meme of himself, prompting traders to create an unofficial ‘Brian’ memecoin on Base. Based solely on hype, the coin quickly rose to a market cap of $20 million.

Soon after, Armstrong paid about $200,000 for a real CryptoPunk and changed his profile picture again, putting an end to the viral story that had fueled the token’s appeal.

Speculative interest in the Brian meme coin disappeared as the focus shifted and its value plummeted.

This happened alongside Armstrong, who recently doubled down on tokenization and called the new financial innovation a global victory.

Final summary

• Jordan Fish has admitted the shortcomings and stated that rebuilding trust is his top priority.
• In addition, the episode with Brian Armstrong’s profile photo added even more tension to the ongoing crowds.