Mark Cuban

Yeah, so there's stories about people literally who hit hard drives into trash heaps and lost it. And now we're searching in trash piles looking for. But that's Bitcoin. And it's just supply and demand that finds what it's worth. So right now, the price is near $100,000. That means a lot more people are buying it than selling it. Very analogous to gold. And so then there are other... Cryptos.

Ethereum is one that I also own a bunch of. And the difference with Ethereum is it really takes advantage of the blockchain, but it adds something called smart contracts. And what a smart contract is, it allows activity to be triggered by other activity. So, for instance, you know, I won't go into deep details, but if... I want to create an NFT and use that for books.

Ethereum is one that I also own a bunch of. And the difference with Ethereum is it really takes advantage of the blockchain, but it adds something called smart contracts. And what a smart contract is, it allows activity to be triggered by other activity. So, for instance, you know, I won't go into deep details, but if... I want to create an NFT and use that for books.

Let's say for textbooks, right? That smart contract associated with that NFT has specific features about it. One of the unique features that are part of Ethereum and smart contracts and NFTs is they can pay royalties. So if Jon Stewart writes a book for a college, right, and it's a textbook on accounting, right now it's got to be physical and then you go to the bookstore and you buy a used copy.

Let's say for textbooks, right? That smart contract associated with that NFT has specific features about it. One of the unique features that are part of Ethereum and smart contracts and NFTs is they can pay royalties. So if Jon Stewart writes a book for a college, right, and it's a textbook on accounting, right now it's got to be physical and then you go to the bookstore and you buy a used copy.

Right, right. The physical copies, you don't make another nickel in royalties as it's sold and resold. If you do it as a digital version using Ethereum and a smart contract and an NFT, the royalties can be paid on and on and on and on again as that digital textbook is resold.

Right, right. The physical copies, you don't make another nickel in royalties as it's sold and resold. If you do it as a digital version using Ethereum and a smart contract and an NFT, the royalties can be paid on and on and on and on again as that digital textbook is resold.

Yeah, in all IP for that matter. But the reality is it's only been done on a small scale. The challenge for crypto right now, in all candor, it hasn't had its Instagram moment. If you remember going back to the original App Store in 2009, I think it was, there weren't a lot of people downloading apps for their smartphones. I mean, unless you were really geeky and into it.

Yeah, in all IP for that matter. But the reality is it's only been done on a small scale. The challenge for crypto right now, in all candor, it hasn't had its Instagram moment. If you remember going back to the original App Store in 2009, I think it was, there weren't a lot of people downloading apps for their smartphones. I mean, unless you were really geeky and into it.

But then all of a sudden, Instagram came along and grandma and grandpa and mom and dad needed it. Then Facebook had an app. And so that really got people into smartphones and using and downloading apps. We haven't had that moment with crypto yet. That's still something that has ultimate utility for everyone and anyone. That doesn't exist yet. And that's kind of the ongoing hope.

But then all of a sudden, Instagram came along and grandma and grandpa and mom and dad needed it. Then Facebook had an app. And so that really got people into smartphones and using and downloading apps. We haven't had that moment with crypto yet. That's still something that has ultimate utility for everyone and anyone. That doesn't exist yet. And that's kind of the ongoing hope.

But now let's tie that back to Gary Gensler. So all these people trying to come up with apps that run on smart contracts on top of Ethereum, Solana, whatever it may be, whatever form of crypto it may be, Gary Gensler wanted to call all forms of that a security.

But now let's tie that back to Gary Gensler. So all these people trying to come up with apps that run on smart contracts on top of Ethereum, Solana, whatever it may be, whatever form of crypto it may be, Gary Gensler wanted to call all forms of that a security.

And in some cases, they were securities. If you're selling them to raise money for a business, that's a security. Nobody's arguing that. But if you happen to buy an NFT as a textbook, he wanted to call that a security as well.

And in some cases, they were securities. If you're selling them to raise money for a business, that's a security. Nobody's arguing that. But if you happen to buy an NFT as a textbook, he wanted to call that a security as well.

If you use your Solana or Matic or, not Ethereum, but let's say Solana or Matic, two smaller cryptocurrencies, to purchase something online, he wanted to call that a security as well.

If you use your Solana or Matic or, not Ethereum, but let's say Solana or Matic, two smaller cryptocurrencies, to purchase something online, he wanted to call that a security as well.

And as a result, that sent a lot of developers who were trying to create these new smart contract apps out of the United States to other parts of the world, Singapore, Japan, Korea, you name it, to start companies that otherwise would have been in the United States.

And as a result, that sent a lot of developers who were trying to create these new smart contract apps out of the United States to other parts of the world, Singapore, Japan, Korea, you name it, to start companies that otherwise would have been in the United States.

I had two companies that actually left the US to do their development because they could just sell to crypto enthusiasts and users in other countries and not worry about it here.