David Pearce

That our current financial system sucks and doesn't benefit everybody equally.

That there are sending money across borders, which is one of the things you hear about in crypto all the time.

Everybody will always tell you that, oh, it's really expensive to send stuff through Western Union.

Wouldn't it be great if you could just do it with crypto for free?

Like, theoretically, yes.

Do you have a sort of moment where that tipped for you to being like, okay, I've heard your pitch.

It doesn't hold with the thing that you're building on the other side of it.

Yeah, I mean, the blockchain fixes this is still a meme in tech circles.

It is?

Oh, yeah.

But it's a joke now.

Oh, it's a joke.

Everybody thinks it's a joke.

Almost everybody thinks it's a joke.

But the idea of any problem you can think of, the blockchain fixes this.

For two full years, people would just earnestly tell you that.

Anything that was wrong with anything, we could just fix with the blockchain.

And one of the things I've been trying to figure out about crypto forever is that if you could pull it apart, if it might have gone differently, right?

If you could take out the fact that I think from pretty early on, it was overrun by people speculating to try and make money, essentially running grifts, real and unintentional, right?

Like there were people...