Evidence receipt / belief
Published · transcript-backedBrian Armstrong: belief
10 Feb 2021 Conversations with Tyler Brian Armstrong on the Crypto Economy
“I think your point is when the new bitcoins being issued per block starts to decline, transaction fees are how the miners were going to get paid.”
Source trail
Everything needed to verify it.
- Speaker
- Brian Armstrong
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 10 Feb 2021
- Publisher
- Conversations with Tyler
Transcript context
…Well, at some point, you won’t be able to pay people with new bitcoin to maintain the blockchain, right? Because Q, the quantity, hits the ceiling. What year does that happen? I forget. It’s an asymptotic curve, but it’s probably 80, 90, 100 years away, or something like that — the very last one. I forget. I think your point is when the new bitcoins being issued per block starts to decline, transaction fees are how the miners were going to get paid. You’re asking why don’t we make a new blockchain — Why not scrap — Yes, make a new blockchain, scrap the quantity limit on bitcoin, and allow the miners to keep on being paid with the creation of this new asset. Call it bitcoin new.…
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