[Former Coinbase CTO: Crypto Identity May Be More Essential Than Legal Identity] Former Coinbase CTO Balaji Srinivasan stated at the Token 2049 event that fiat inflation highlights the importance of Bitcoin, while legal identity is facing a crisis on both technological and social levels, making crypto identity more necessary. He mentioned that issues such as Deepfake forgery caused by AI technology and the need for identity recognition in the digital space make crypto identity more advantageous in areas like community, security, and territory.