Brian Armstrong's new business idea: Wi-Fi access point that accepts crypto

22 Jan, 2019 | Updated: 22 Jan, 2019
by Fifi Arisandi
Brian Armstrong's new business idea: Wi-Fi access point that accepts crypto

Brian Armstrong, the CEO of Coinbase gives a new business idea, a Wi-Fi access point that accepts crypto.

Is Coinbase not making enough money that they want to diversify their business? Are my funds safe in Coinbase?

Before thinking way too far, the business idea is actually a series of tweets that the CEO, Brian Armstrong uttered on his Twitter account.

He started with a question if anyone has tried creating a wi-fi access point that accepts crypto. “Plug it in and it makes you money,” he tweeted.

Armstrong then elaborated his idea by stating his fact that most apartments or dense housing are within the range of many access points, all of which are password protected, although each may only have 1% utilization during the week.

He said that if someone is “tenacious enough” to deal with lots of small details, such as the tricky integration with numerous low level OS stuff or firmware and create a paywall for all protocol would be very likely to create a value worth using and paying for.

The responses on the tweets vary, some are relevant, some aren't.

@XRP_News responded by saying, "Slow down, Brian. Why don't we try to get BTC accepted at Starbucks first?"

A developer said, “This is pretty easy (can build it in a day, WiFi, captive portal, wait for XRP/ILP payment to unlock internet). However, I’m seeing a trend where captive portals are being used less and less: more free and open WiFi. Or is it just me?”, while others are referring to the projects that they claim to be doing such thing or at least have a similar concept, such as Althea, OpenGarden, Substratum, or Helium.

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Do you think it's a good business idea?

(9 votes)

Add a comment

OMG!! Who would think of Wi-Fi when there are so many vital problems? Customers closing their accounts at Coinbase, its reputation has been sullied - this is what should be taken care of! Stupid Coinbase strategy.
22 Jan, 2019 - 07:21
Armstrong looks like insane. Has he got other goals than to earn capital? As a real leader he must solve the problems of Coinbase and not invent stupid startups.
22 Jan, 2019 - 09:36
Armstrong is greedy and his aim of life is money. I was not surprised when i saw new wifi startup lol
26 Jan, 2019 - 21:29
What a crazy guy?? Armstrong does not right things i think when CB needs solving of many issues
31 Jan, 2019 - 07:44
Does this bald con man want to control wi-fi? I think Brian Armstrong became crazy because of a thirst for money
22 Jan, 2019 - 08:01
recently he told he is tired of money and planning to donate lol what is going on?
25 Jan, 2019 - 22:21
How to describe Coinbase CEO with 1 sentence? I NEED MORE GOLD!
22 Jan, 2019 - 08:36
haah, yees. he needs more and more . coinbase takes these money from users and he wants more again..
23 Jan, 2019 - 07:47
is it a new way to gt users data?
I can`t believe coinbase and its staff now..
22 Jan, 2019 - 09:09
My funds are safe because they are far from the Coinbase
22 Jan, 2019 - 20:40
my too but there are still users who believe coinbase. how can we help them??
26 Jan, 2019 - 18:29
i haven't heard much more foolish idea that proposed Coinbase CEO ) very nice Brian
22 Jan, 2019 - 20:43
Brian is not interested to steal money only from Coinbase users, he wants to have much more money from such idiotic ideas )))
22 Jan, 2019 - 21:02
Brian looks like a Scrooge McDuck. He can't stop at the sight of money. Instead of solving the real problems of his Coinbase he offers a startup with Wi-Fi. This is ridiculous and unprofessional.
22 Jan, 2019 - 21:06
Coinbase CEO doesn't know how to spend money earned by washtrading at Coinbase. Now he should think what to do with fake audit of Coinbase stablecoin USDC.
22 Jan, 2019 - 21:38
well done Brian. steal the money both from Coinbase and wifi points )
real businessman )
22 Jan, 2019 - 21:39
How is it possible that Coinbase management consists of only idiots?)))
i am speechless )
22 Jan, 2019 - 22:54
I would be afraid to connect social networks and crypto via Wi-Fi from Coinbase, there is too much personal information on my account
23 Jan, 2019 - 19:28
maybe if Coinbase didn't have such stupid management it could have a chance to become not a scam exchange
23 Jan, 2019 - 20:53
I agree, you can't connect absolutely everything with crypto, otherwise it may end badly. Having connect to Brian's Wi-Fi, you'll give him all information about yourselves: the sites that you browse, what you usually buy, where you go etc
23 Jan, 2019 - 21:16
New idea of CEO Coinbase smells like fraud
23 Jan, 2019 - 21:45
i'm thinking whether all workers of Coinbase or only CEO are from another planet ?) where are these ideas from, Brian ?)
23 Jan, 2019 - 22:31
Money is the sole purpose of Coinbase CEO. He is not interested in methods and problems when making money. Having the largest exchange Coinbase, he does not solve its internal problems. Brian is looking for new earnings in this case Wi-Fi startup
23 Jan, 2019 - 23:02
i have a question - who knows what exactly smokes Brian when creates such smart ideas ?)))
i knew that coinbase is inadequate but not that much ))
23 Jan, 2019 - 23:12
How Coinbase is still working if this greedy pig Armstrong can't stop? Brian hello can you check CB and solve some issues maybe???
24 Jan, 2019 - 21:00
For me Coinbase CEO is a real fool especially looking to this photo
but i'm not sure that every fool can steal so much money from coinbase users as he did
24 Jan, 2019 - 21:16
once Brian created an idea to steal the money of Coinbase users and got a good money
and now he decided to open a new 'sphere of business' for himself)
24 Jan, 2019 - 22:07
I`m fucking done by Brian! His head is full of startups and business schemes but not of ideas about how to solve the problems of Coinbase and its users. It's a pity
25 Jan, 2019 - 00:15
This Amstrong cannot calm down. What a reason to create a billion startups if you can't bring one thing (CB) to a logical end. Coinbase suffers from problems and they need to be solved not tell about a startup with Wi-Fi
25 Jan, 2019 - 23:51
Armstrong what about solving of internal problems Coinbase? Looks like Armstrong lost his head because of the money. He seems like a wi-fi whose connection with the server is lost
26 Jan, 2019 - 08:38
Wake up Brian! Don`t talk shit and start solving Coinbase issues! You have enough money fucking greedy pig!
27 Jan, 2019 - 10:17

how he had enough brains to steal the money of Coinbase users? he doesn't look like a clever man )
29 Jan, 2019 - 21:52
Brian, stop it! Make yourself useful. You got real work to do!
30 Jan, 2019 - 12:20
30 Jan, 2019 - 13:12
Could someone tell Brian that he has stupid ideas? Please
30 Jan, 2019 - 14:56
lol ! coinbase ceo is crazy man. but it didn't stop him to steal so much money from the accounts
31 Jan, 2019 - 20:25
Wi-Fi startup? Amstrong is blind? Its a high time to solve Coinbase issues and starting to care for its Customers but not for fuc*ing startup
02 Feb, 2019 - 09:48

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