Brian Armstrong
π€ SpeakerAppearances Over Time
Podcast Appearances
Alex, you want to jump in?
Yeah, well, OK, it's a great question.
And it's funny, I hear a lot of times people come to me and talk about how crypto can empower the unbanked and the unbrokered and everything.
This is the first time I've had somebody come and say and thank me for banking, you know, the agents who are also being left out of the economy.
Welcome to AWG's universe.
Mostly lobsters.
I'm into it.
Look, I'm here for this topic.
Yeah, like if I neural link with 10 other people and we want to collectively open an account, I'm totally for that.
Yeah, and you've probably read a lot about uplifting animals.
You could make a dolphin that's actually pretty high IQ with genetic engineering.
Okay.
I'm into it.
I don't know if the average golden retriever should have a bank account, but a smart enough dog should have a bank account or some financial account.
Yeah, exactly.
Chewy toys.
But to answer your question, Alex, would we use a bank or a traditional financial system account?
I think if somehow we could wave a magic wand and say, okay, KYC is no longer required, the AI can sign up or the dog can sign up.
I don't think that's going to happen for one thing, but if it did happen, that would solve part of the issue.
But the other issue is that the infrastructure underlying those traditional financial system accounts is just slow.