Brian Armstrong

It's running on COBOL servers from the 1990s and 80s.

And so the beauty of...

transacting on chain with stablecoins is that the infrastructure is just faster and cheaper and more global.

So you can now send USDC, for instance, in under one second anywhere in the world for less than a cent US.

So it's just faster and more scalable to do microtransactions and cross-border transactions.

So I probably still wouldn't go back and build it on top of the mainframes, but the KYC thing would definitely help.

Let's put it that way.

Yeah, well, I think there's we need to get some legal precedent on this.

I think one school of thought would say that all agents are actually controlled by some human or some company.

And so their actions ultimately, from a liability point of view, roll back up to that company or person.

I could see that being one potential outcome, maybe even the default outcome.

I could see another world that we enter into.

I don't know if society is ready for this yet, but if we start having truly intelligent agents that are autonomous, that aren't really, they are their own person, you know, like I don't, that'll be an interesting legal case when that first gets brought about that thing, you know, and maybe it'll, it'll get sentenced to, you know, have to be in solitary confinement or whatever.

Yeah, I guess you could have a financial penalty or whatever is meaningful to the agents.

They have to run on, you know, less power for a while or something.

But yeah, I think, you know, the other thing is that we want to try to make it so that there's just less fraud in this new financial system.

And one way you can do that.

is actually have a reputation on chain.

This is something that we're hoping to build out over time.

I like that.