Ben McKenzie

And that just requires a lot of legwork that, quite frankly, the law enforcement agencies don't have, generally speaking.

So the crypto people will say, no, no, it's open and it's transparent.

But at the same time, they benefit from the fact that it isn't.

So there's just a lot of talking out of both sides of their mouths.

Yeah, it just doesn't work that well.

Like if someone says blockchain is the future, ask them, doesn't it go back to like 1991?

Yeah.

Like, if you want to find people that are skeptical of cryptocurrency, ask cryptographers.

Like, cryptographers are skeptical of crypto because it's moved on.

They've moved on from that.

I interviewed the guy.

He didn't have anything to do with Bitcoin, but he did a precursor to Bitcoin.

David Chom, the cryptographer, nice guy.

I asked him, you know, about this.

Like, it doesn't seem like it's working that well.

And he referred to Bitcoin as primitive or blockchain as primitive.

Yeah.

Well, I mean, we put ourselves in a really bad place here, I mean, to state the obvious, where what should have happened, in my opinion, is that cryptocurrency, it doesn't really function as a currency except for sort of illegal stuff.

It should have been classified properly as a security back in the day, but it wasn't.

And it was sort of quasi classified as a commodity.