Reid Hoffman

What's the way we should mod cryptocurrency in regulations and other kinds of things to say all of these good things we should enable and future good things we should enable and these bad things we should disable? So I'm positive on cryptocurrency, but just like on AI, I'm not positive on everything. Anything that could be made with crypto and any use that could be made with crypto.

That's just good. And you should just love it.

That's just good. And you should just love it.

That's just good. And you should just love it.

Yes.

Yes.

Yes.

One aphorism that I sometimes use, just to proxy, is you want to regulate where bad regulation is better than no regulation. And they go, well, how could that possibly be true? Well, actually, financialism is one of them. Because a functioning financial system and it not breaking is more important than getting the future innovation. Right. A collapse is a massive disaster.

One aphorism that I sometimes use, just to proxy, is you want to regulate where bad regulation is better than no regulation. And they go, well, how could that possibly be true? Well, actually, financialism is one of them. Because a functioning financial system and it not breaking is more important than getting the future innovation. Right. A collapse is a massive disaster.

One aphorism that I sometimes use, just to proxy, is you want to regulate where bad regulation is better than no regulation. And they go, well, how could that possibly be true? Well, actually, financialism is one of them. Because a functioning financial system and it not breaking is more important than getting the future innovation. Right. A collapse is a massive disaster.

So financial regulation, good. Yes. Now, that doesn't mean all financial regulation doesn't mean don't be smart versus stupid, you know, try to be smart versus stupid, et cetera. So do I think there should be regulation around cryptocurrency? Absolutely, yes. Is it a currency exactly? Unclear. There's lots of tradable assets. Are diamonds a currency? Is gold a currency? No.

So financial regulation, good. Yes. Now, that doesn't mean all financial regulation doesn't mean don't be smart versus stupid, you know, try to be smart versus stupid, et cetera. So do I think there should be regulation around cryptocurrency? Absolutely, yes. Is it a currency exactly? Unclear. There's lots of tradable assets. Are diamonds a currency? Is gold a currency? No.

So financial regulation, good. Yes. Now, that doesn't mean all financial regulation doesn't mean don't be smart versus stupid, you know, try to be smart versus stupid, et cetera. So do I think there should be regulation around cryptocurrency? Absolutely, yes. Is it a currency exactly? Unclear. There's lots of tradable assets. Are diamonds a currency? Is gold a currency? No.

Is your car collection a currency? God, I hope so, Reed, at this point. Yes, right. But, you know, There's lots of different asset value and so forth. And people say, well, the currency is because it has no intrinsic value other than its value as a currency. And we have various things which have that kind of no intrinsic value system.

Is your car collection a currency? God, I hope so, Reed, at this point. Yes, right. But, you know, There's lots of different asset value and so forth. And people say, well, the currency is because it has no intrinsic value other than its value as a currency. And we have various things which have that kind of no intrinsic value system.

Is your car collection a currency? God, I hope so, Reed, at this point. Yes, right. But, you know, There's lots of different asset value and so forth. And people say, well, the currency is because it has no intrinsic value other than its value as a currency. And we have various things which have that kind of no intrinsic value system.

Things have value based on how many people and which circumstances believe in the story. Yes, exactly. So, you know. Storyteller. Okay, so you're pro-crypto. I'm pro-crypto, but again, just like super agency, let's be smart about it, not whatever you can do.

Things have value based on how many people and which circumstances believe in the story. Yes, exactly. So, you know. Storyteller. Okay, so you're pro-crypto. I'm pro-crypto, but again, just like super agency, let's be smart about it, not whatever you can do.

Things have value based on how many people and which circumstances believe in the story. Yes, exactly. So, you know. Storyteller. Okay, so you're pro-crypto. I'm pro-crypto, but again, just like super agency, let's be smart about it, not whatever you can do.

I'm irked with the people who are trying to co-opt a phrase that I think I started with the techno-optimism, which is like, look, it's not whatever you can do, it's be smart about it. Right, right, right, right. Oh, well, Ray, this was a blast.