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Brian Armstrong

πŸ‘€ Speaker
1465 total appearances

Appearances Over Time

Podcast Appearances

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Oh, I'd have to go look up.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

I think it was something like,

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

5% to 10% of all Bitcoin.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

And it's really just these early coins that are the most at risk.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

So yeah, it would be something in the range of 5% to 10%.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

It's not like 80% of Bitcoin would be lost.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

It'd be more like 5% to 10% in that case.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

But many people believe that those coins are already lost.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Essentially, whoever created Bitcoin, they haven't moved those coins in all this time.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

And so it's most likely that those keys are lost to history.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Yeah, so that's definitely part of our strategy is to become the financial account for AI.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

And actually, those numbers are a little out of date.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

You've got there, I think it's about 100 million transactions now, maybe 50 million of value.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Wow.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

So it's it's growing quickly.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

So, yeah, there's at the beginning of this year, we sat down and we're thinking about this a bit.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Like, what are all the ways that AI agents might interface with people's financial accounts?

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

Right.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

So I kind of broke it down into three.

Moonshots with Peter Diamandis
Brian Armstrong on Bitcoin, Anthropic Drops Fable 5 & Mythos 5, NewLimit's $435M Age-Reversal | EP #264

The first one is that everyone's everyone's using these LLMs, right, like ChatGPT and Claude.