Michael Terpin

It's proven itself.

Now, the other, you know, tens of thousands of digital assets, you know, are kind of a different couple of categories.

They're called altcoins.

And, you know, I believe that they certainly have a place in terms of, you know, Ethereum, for example, which I was involved in the launch of.

You know, it is something that Vitalik was a, you know, Bitcoin, you know, early Bitcoiner, actually one of the founders when he was 16 years old of Bitcoin magazine.

Yeah.

And, you know, he wanted to build things on Bitcoin but found it frustrating because, you know, I mean, it is intentionally sort of calcified in its code so that, you know, it's hard to be changing all the time and still be a store of value.

And so he wanted to go and build, his vision was to have a world computer where you could actually program on a blockchain.

And that's what Ethereum's vision was.

And that's really what they've done.

And, you know, they've been remarkably successful in building, you know, several hundred billion dollar market cap around that.

You know, DeFi was not built on Bitcoin.

NFTs were not built on Bitcoin, although you have ordinals now.

You know, many of the most iconic things that have been built in the Web3 world have not been built on Bitcoin.

They've been built on Ethereum.

And now there's, you know,

contenders to the Ethereum throne in terms of Solana and some other ones.

And so I think it's healthy to have the marketplace of ideas.

And the Bitcoin maxis, they've now gone and built things in what they call Bitcoin layer two.

And they're like, hey, everything will eventually be on Bitcoin.