Barry Weiss
👤 PersonAppearances Over Time
Podcast Appearances
So it's like we're not going to go back to tethering to gold, but actually in the future, five years from now, you wouldn't be surprised if we were tethering the dollar to Bitcoin?
So it's like we're not going to go back to tethering to gold, but actually in the future, five years from now, you wouldn't be surprised if we were tethering the dollar to Bitcoin?
So it's like we're not going to go back to tethering to gold, but actually in the future, five years from now, you wouldn't be surprised if we were tethering the dollar to Bitcoin?
One of the things that makes ordinary Americans skeptical of crypto is how volatile it is, right? I think it was in 2022, crypto lost $2 trillion of its $3 trillion in market capitalization. You'll correct me if I'm wrong. And I think if like the dollar had gone through something like that, we would all be like, stay away from the dollar. How do you, you know, but crypto obviously is siloed.
One of the things that makes ordinary Americans skeptical of crypto is how volatile it is, right? I think it was in 2022, crypto lost $2 trillion of its $3 trillion in market capitalization. You'll correct me if I'm wrong. And I think if like the dollar had gone through something like that, we would all be like, stay away from the dollar. How do you, you know, but crypto obviously is siloed.
One of the things that makes ordinary Americans skeptical of crypto is how volatile it is, right? I think it was in 2022, crypto lost $2 trillion of its $3 trillion in market capitalization. You'll correct me if I'm wrong. And I think if like the dollar had gone through something like that, we would all be like, stay away from the dollar. How do you, you know, but crypto obviously is siloed.
So the people in your world and certainly you were affected. Most Americans weren't. But in a world where there was much wider, there was widespread adaptation of crypto, we all would have felt that. And I think that scares people away from it. What do you say to people about the volatility question?
So the people in your world and certainly you were affected. Most Americans weren't. But in a world where there was much wider, there was widespread adaptation of crypto, we all would have felt that. And I think that scares people away from it. What do you say to people about the volatility question?
So the people in your world and certainly you were affected. Most Americans weren't. But in a world where there was much wider, there was widespread adaptation of crypto, we all would have felt that. And I think that scares people away from it. What do you say to people about the volatility question?
I'm thinking about my mom listening in on this conversation and I just want to like keep her in mind as I ask you the following question.
I'm thinking about my mom listening in on this conversation and I just want to like keep her in mind as I ask you the following question.
I'm thinking about my mom listening in on this conversation and I just want to like keep her in mind as I ask you the following question.
I think that a lot of people will not understand like the comparison between a commodity like gold or ore or oil to gold. because crypto is a number on a computer. You know, it feels more like an idea. It doesn't feel like a real physical thing. Draw that out a little bit more. Explain why the comparison is correct.
I think that a lot of people will not understand like the comparison between a commodity like gold or ore or oil to gold. because crypto is a number on a computer. You know, it feels more like an idea. It doesn't feel like a real physical thing. Draw that out a little bit more. Explain why the comparison is correct.
I think that a lot of people will not understand like the comparison between a commodity like gold or ore or oil to gold. because crypto is a number on a computer. You know, it feels more like an idea. It doesn't feel like a real physical thing. Draw that out a little bit more. Explain why the comparison is correct.
One of the things that's hurt the broad brand, I know crypto is many things, but one of the things that's hurt, I think, public trust are the people that are now in prison. And, you know, companies like FTX, Binance, I'm sure there are other ones that you have in mind. Like, how do you overcome as an industry those kind of fraudsters that for many, like many people who hear crypto think of SBF?
One of the things that's hurt the broad brand, I know crypto is many things, but one of the things that's hurt, I think, public trust are the people that are now in prison. And, you know, companies like FTX, Binance, I'm sure there are other ones that you have in mind. Like, how do you overcome as an industry those kind of fraudsters that for many, like many people who hear crypto think of SBF?
One of the things that's hurt the broad brand, I know crypto is many things, but one of the things that's hurt, I think, public trust are the people that are now in prison. And, you know, companies like FTX, Binance, I'm sure there are other ones that you have in mind. Like, how do you overcome as an industry those kind of fraudsters that for many, like many people who hear crypto think of SBF?
And that's just like their immediate connection. Do you think that that's beginning to fade? How do you move away from it? What do you say to people who say, yeah, cool, the underlying technology here might be awesome, but the whole industry seems awash with scammers and grifters?
And that's just like their immediate connection. Do you think that that's beginning to fade? How do you move away from it? What do you say to people who say, yeah, cool, the underlying technology here might be awesome, but the whole industry seems awash with scammers and grifters?