Armstrong: Society will still need money because scarce resources will endure
Brian Armstrong · Coinbase’s Everything Exchange: Agentic Finance, Stablecoins & Tokenization with CEO Brian Armstrong · Sep 10, 2026 · at 9:50
Coinbase CEO Brian Armstrong debates Elon Musk's premise of a post-money future with Elad Gil, arguing scarcity will persist.
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“I think in the end, like in the limit case, like he has a point, but the thing is there's going to be scarcity for a long time. Even if the cost of goods and services really falls, like we have price deflation because robots and AI start to just make commodities and food and housing very cheap. That could happen. The government printing might also create a bunch of inflationary pressure, but I it's, there's always still going to be scarcity of certain things like, you know, land, especially usable land in various ways you know energy, like chips, you know, if Dyson, like, there's not gonna, Dyson spheres are gonna be expensive, I think, pretty, pretty far into the future. So I think we're still gonna need a medium of exchange”
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