Reid Hoffman

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.

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.

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.

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.

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.