Jason Calacanis

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.

This is now the result of those three messages.

Here is where AI is.

It is slightly above the Democratic Party and an autocratic state.

That's where AI is.

ICE is more popular than AI.

ICE is not very popular.

So to me, this is really the crux of this.

where we are not really being honest.

It would be much better if we said soberly, there's a lot of experimenting.

This revenue is great, but we don't really know what's real.