Jeremy Cordon

You want to start building up solutions well in advance.

And I think the reason why gold bullion and silver bullion haven't really taken off, that was the first thing I tried to do.

The reason why they haven't really taken off is because they're not really a system of money.

So if you buy an ounce of gold, that doesn't have an equal value to 10, 10,000 coins.

They have different premiums.

They have different values.

A lot of gold coins are fake.

You have to have an $800 Sigma machine to like really know for sure if it's real.

Um, you know, and it's, it's not, it's not an easy enough system where people actually do that.

So we wanted to make something that looked and felt like cash that people could intuitively understand and, and get on board with where, you know, it wasn't, it wasn't like some high friction transaction.

You're not going to vote yourself out of the central bank problem.

If it's a system that primarily benefits people with massive amounts of debt and assets, who do you think the donor class is?

Why would they ever change the game?

Because it's the donor class getting richer and richer and richer and richer and the average person getting more and more and more poor and

If there's a labor shortage, like let's just import tens of millions of people, you know, like let's, you know, just be poor, you know, like suck it up, you know, like that's seems to be.

So we're not we're not the first company to do this.

There has been, according to Wikipedia, as much as you can trust that over 2000 local currency projects in the United States.

And a lot of those, they're around for 10, 20 years, then they disappear.

Hundreds of these things popped up during the Great Depression, happened in Greece during their banking crisis.

Because if the money doesn't work and it doesn't work for everybody, the bottom comes out.