Ben Horowitz

And who are you going to trust for the truth?

Are you going to trust Google?

Are you going to trust Meta?

Are you going to trust the US government?

I think you want to trust the kind of mathematical game theoretic properties of the blockchain.

So I think that's going to be just a very, very important part of the infrastructure.

And then you get into like fraud.

And how do you know somebody's a citizen to get them money?

Everybody's talking about, well, let's do UBI.

Well, great.

But when we did the stimulus program, we found out that the government is very bad at getting money to people.

I don't know what it's like.

Depending on the numbers you read, it's somewhere around $450 billion got stolen.

So what you really need is everybody needs an address where you can send them money.

And so I think that's a crypto problem.

And then finally,

how does an AI, you know, become an economic actor?

Like, how do I make money as an AI?

How does somebody send me money?

Like, can I be a merchant, a credit card merchant if I'm not a human?