Reid Hoffman

Just under $100,000. Wow. So, again, it's what the future could be. There's a bunch of stuff that's broken about crypto that needs to be fixed. Use for criminal organizations. Use for terrorism. I think all the solutions for it nullifies all the benefits. Well, today, I think a reasonable person can argue that. Take a snapshot of where the puck is today versus where the puck could be.

Just under $100,000. Wow. So, again, it's what the future could be. There's a bunch of stuff that's broken about crypto that needs to be fixed. Use for criminal organizations. Use for terrorism. I think all the solutions for it nullifies all the benefits. Well, today, I think a reasonable person can argue that. Take a snapshot of where the puck is today versus where the puck could be.

Just under $100,000. Wow. So, again, it's what the future could be. There's a bunch of stuff that's broken about crypto that needs to be fixed. Use for criminal organizations. Use for terrorism. I think all the solutions for it nullifies all the benefits. Well, today, I think a reasonable person can argue that. Take a snapshot of where the puck is today versus where the puck could be.

You'd go, okay. But actually, I believe in where the puck could be. So let me make a couple of the arguments. Yeah, please. Not just the obvious ones of like, oh, look, you create a financial system that is programmable. You have a whole bunch of entrepreneurial innovation on it for payments and for assets. Here's one thing that Bitcoin does an excellent job of today.

You'd go, okay. But actually, I believe in where the puck could be. So let me make a couple of the arguments. Yeah, please. Not just the obvious ones of like, oh, look, you create a financial system that is programmable. You have a whole bunch of entrepreneurial innovation on it for payments and for assets. Here's one thing that Bitcoin does an excellent job of today.

You'd go, okay. But actually, I believe in where the puck could be. So let me make a couple of the arguments. Yeah, please. Not just the obvious ones of like, oh, look, you create a financial system that is programmable. You have a whole bunch of entrepreneurial innovation on it for payments and for assets. Here's one thing that Bitcoin does an excellent job of today.

There's 200 governments in the world. You could argue zero of the governments are well-run, but maybe 50 of those governments are well-run. What happens to all those Venezuelan citizens and other people where the governments are totally fucking shitty run?

There's 200 governments in the world. You could argue zero of the governments are well-run, but maybe 50 of those governments are well-run. What happens to all those Venezuelan citizens and other people where the governments are totally fucking shitty run?

There's 200 governments in the world. You could argue zero of the governments are well-run, but maybe 50 of those governments are well-run. What happens to all those Venezuelan citizens and other people where the governments are totally fucking shitty run?

Devalue, steal, et cetera, et cetera. This creates the world safety net. You live in a bad fucking government. Now there's something you can do. How does that differ from just buying U.S. dollars? Many of these places, you can't buy U.S. dollars. U.S. dollars are not available.

Devalue, steal, et cetera, et cetera. This creates the world safety net. You live in a bad fucking government. Now there's something you can do. How does that differ from just buying U.S. dollars? Many of these places, you can't buy U.S. dollars. U.S. dollars are not available.

Devalue, steal, et cetera, et cetera. This creates the world safety net. You live in a bad fucking government. Now there's something you can do. How does that differ from just buying U.S. dollars? Many of these places, you can't buy U.S. dollars. U.S. dollars are not available.

I don't know that. And by the way, some of those places, you might not trust U.S. dollars either. Yeah, exactly. I think you should. But, you know, by the way, there's variability. By the pound. I don't know.

I don't know that. And by the way, some of those places, you might not trust U.S. dollars either. Yeah, exactly. I think you should. But, you know, by the way, there's variability. By the pound. I don't know.

I don't know that. And by the way, some of those places, you might not trust U.S. dollars either. Yeah, exactly. I think you should. But, you know, by the way, there's variability. By the pound. I don't know.

Yes. But it has that as a feature. When you get to a certain levels of wealth, upper middle class, even above, you go, hey, distributed portfolio holding is good. And so distributed portfolio holding could, of course, be some stocks and some bonds and a 401k. And distributing that more is actually, in fact, a good thing. And crypto becomes one more mechanism for doing that.

Yes. But it has that as a feature. When you get to a certain levels of wealth, upper middle class, even above, you go, hey, distributed portfolio holding is good. And so distributed portfolio holding could, of course, be some stocks and some bonds and a 401k. And distributing that more is actually, in fact, a good thing. And crypto becomes one more mechanism for doing that.

Yes. But it has that as a feature. When you get to a certain levels of wealth, upper middle class, even above, you go, hey, distributed portfolio holding is good. And so distributed portfolio holding could, of course, be some stocks and some bonds and a 401k. And distributing that more is actually, in fact, a good thing. And crypto becomes one more mechanism for doing that.

Those are things where it's good today. Now, like I said, a rational argument to say all this fucking cybercrime, all these rogue states, that's terrible. And we should do something about that.

Those are things where it's good today. Now, like I said, a rational argument to say all this fucking cybercrime, all these rogue states, that's terrible. And we should do something about that.