Brian Armstrong
π€ SpeakerAppearances Over Time
Podcast Appearances
And it will make the blocks larger.
Right.
So that's one area of debate.
People in the Bitcoin space like larger block sizes are a contentious issue.
And so if they decide to go in that direction, it would raise the block size.
But perhaps the most contentious question is what to do with the Satoshi coins, which are the bounty.
Right.
And, you know, I'll try to summarize both sides of the argument here without putting my foot in my mouth because it is kind of a big debate topic.
But I think one school of thought would just for people to understand what we're talking about, I think.
You know, a lot of the original bitcoins that used an earlier signature scheme, if someone were to develop a powerful enough quantum computer, could, in theory, find the private key and seize those coins.
Right.
And so one school of thought would be to say, OK.
Tell everyone who owns Bitcoin by a certain date, you all need to upgrade to this new algorithm.
By the way, companies like Coinbase would sort of do all this for you.
And so you wouldn't have to worry about it.
But if you're doing self-custody or something like that, you would have to find a way to upgrade to this new thing by a certain date.
And and then if it goes past the deadline, those coins would be frozen under option A. Right.
And so people would say it's better to freeze them and have them sort of be lost, almost like a ship full of gold sinking to the bottom of the ocean.
It would better.
It's better to have them be lost than to have them seized by someone, which could be whoever has this quantum computer.