Ryan

That's one thing I was thinking of.

The other thing I was thinking of is like, okay, but like, have we heard the last of the incumbents here?

And when I say incumbents, I'm talking about countries, a lot of countries in emerging markets that have weak local currencies and governments that maybe they're not as excited about this whole DeFi thing.

open finance thing as we are and as excited as their people are.

Why?

It's because they have to and they want to lock their people into a currency system in order to tax them, right?

There's this whole Gresham's Law thing, which is bad money tends to drive out good money.

And so when you have a good money in circulation, a better money than your local unit of exchange, say you have dollars, which is like for a lot of countries, it's like an apex predator game.

currency asset, okay?

Because it's just so damn liquid and it's relatively stable relative to your own local currency.

When you have access to dollars and it's just a tap away, why would you even use your local currency unless you absolutely had to?

And open finance makes it such that you don't have to.

You could just use dollars.

And so we're seeing some early signs of some countries and some governments and some banking system, and oftentimes they're one and the same, try to push this out, try to restrict it.

And that runs at odds, obviously, with an open, free society where all citizens have access to the internet and they can download everything they want.

I'm wondering if you see that as a battle to fight in the future.

Maybe you're fighting it in pockets already.

And what you think about that?

Like at some level, this crypto vision that we have of everyone has the ability to go bankless and have their own wallet and use whatever currency they want.

Yeah, but will governments around the world stop them from doing that?