Jason
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Appearances Over Time
Podcast Appearances
That's what happens today.
You deposit money in the bank.
And Sachs said this on the program.
The banks were able to fight for it.
But then you have the emergent crypto companies who say, hey, this is like, let's find a way where we can do a sharing mechanism, how they hack around it.
is they do kind of sharing, but via this kludgy way called rewards.
So like you earn rewards and you earn reward points, but it's not really what it should be.
It should be that if you earn net interest margin, you should be able to share that.
And by the way, you should be able to have different rules in different markets.
Because again, if you're in Kenya, the last thing you're probably thinking is, do I get the 4%?
What you're more worried about is the Kenyan currency, whatever it's called, is about to depreciate another 60% this year.
Let me just hedge that.
And that's more than enough value.
Anyways, I thought Paolo was incredibly impressive.
Well, I will say this.
Let's not make the accusation if we don't know.
What I saw yesterday was a very, very, very credible and thoughtful entrepreneur and a great business.
The other thing, sorry, that I'll say is I would like to invite you to come with me to the Tether Conference at the end of January.
Okay.
We are going to go.