Jamie Loftus

They are the ones who get robbed less often, right?

Because they're a little smarter.

And that's part of the point.

These exchanges, they're meant for people who don't see crypto actually as like, well, I want to fight the state by removing my money from the banking system.

They're for people who are like, I want to try to get rich quick by gambling.

Right.

And that's why those people are also the most vulnerable to scams.

So crypto is like unregulated, right?

It is detached from any state.

OK, right.

which is why people like it.

What Sam has done is come in, and he's not the first person, the only person to do this, and said, I have built a place where you can keep all of your crypto and you can trade it with other crypto to try to make money the same way people do with the stock market, right?

um no because here's the thing jamie he says it's secure but here's the thing so you know how the banking system how banks used to just go bust and everyone would lose their money and it caused a great depression you get that part of the history of finance right oh yeah one of the characters from titanic uh killed themselves over that exactly exactly so that was a big problem and we developed a

So what Sam has done is he's built a bank that has none of that so that people can gamble on the Internet.

Right.

So he can create a crypto Great Depression.

Yeah.

Yeah, exactly.

That's all you need to understand is that Sam has built a big unregulated bank for people to gamble with.

Awesome.