Jason Calacanis

All of that to me is an industry that's still in its very early phases and still figuring out what its place in society is.

So what is the problem?

The problem is the following two clips and I'll just have Nick play these and I'd love your guys's reaction.

So if you take those three messaging veins on a spectrum, one is we have a sentient super god.

We're the only ones that can protect you from it, but your days are numbered.

That's Dario.

Alex, which is, hey, hold on a second.

You can't have it both ways.

You can't both say it on the one hand and then try to run the fabric of society and flip it.

You need to be much more circumspect.

And then Sam's, which is we want to sell tokens as a service.

I think the point is that this industry right now, that revenue traction, if anything else, has distracted people from actually getting on the same page and being much more methodical and much more reliable and trustworthy in explaining all of this and managing the expansion of this.

And so what I would say is all of this fundraising gobbledygook has actually created this breathlessness that is not useful and isn't helping.

And I would say there needs to be a lot more seriousness by these folks to actually run this business thoughtfully.

You can't be a dilettante.

You can't flip-flop.

You can't pressure test, A-B test this kind of messaging in public.

But I understand why you're doing it because the stakes are so high.

You're playing this enormous poker game.

But I think we need to do a better job of explaining all this to people because right now, my end of this is look at this chart.