Brian Armstrong

give their status updates and sort of the information will go up a layer and that layer will consolidate up to another orchestrator.

And so I sort of ascribe more to the polytheist view, which is even as these agents get smarter and smarter, they'll have to specialize, communicate to get work done in swarms.

And that means there's gonna be a whole agentic economy to basically transfer value and payroll and hire these different specialists.

And eventually the AI economy will be bigger than the human economy.

Yeah, I think that's that's probably correct.

Yeah, and you're right that Bitcoin mining does take a certain amount of chips and energy.

I think those are the limiting factors as we go on this AI race.

And so the ASICs that people use to mine Bitcoin are...

You can't do AI workloads with them.

But like in the broadest sense, are they both competing for energy?

Yes.

Are they competing for what the next set of chips that might roll off a fab at TSMC?

Yes, they are in that sense.

So, yeah, I think I think there is some some scarcity there between them.

And, you know, certain chains like Ethereum have actually moved off of proof of work.

So it's like ninety nine point nine percent more energy efficient using proof of stake.

And so they aren't maybe subject to some of those same tradeoffs that Bitcoin is.

Yeah, I mean, I hadn't actually seen that until you just put it on the screen here, but...

Yeah, some of the charts I've seen, like if you imagine that it follows prior cycles, it's like by October or so, things will be going in a positive direction.

So where exactly it lands, I don't know.