David Hoffmann

he talks about five kind of canonical use cases or like reasons to to Loy he's throwing some land in there he's such a what is it classicist yeah yeah

Anyway, so he said there's really, there's like five reasons or like moral virtues or goods that like crypto is providing the world.

Number one, the sound money thing, the hyper Bitcoinization of the world, or if you're an ETH maxi, the hyper etherization of the world.

Number two...

make everything smart contracts.

You take existing business logic, you turn this into smart contracts.

Maybe DeFi fits in here.

Number three was what you just said with Chris Dixon, that would be making digital property real.

And that's where we get NFTs and Web3 social, that kind of fits there.

Number four is you take TradFi, but you make it more efficient, right?

Making capital markets more efficient.

That's something that crypto can do.

Connected to number two.

COBOL mainframes and we're upgrading that.

And then number five is broadening financial access.

So giving everyone basically a bankless bank account and you can come on the world's greatest financial system.

Now, of course, all of these are tied together.

So it's sort of a Venn diagram of interlinking circles here.

But number three, making digital property real.

We had NFTs.