Yuval Rooz

But I think that the reason why I like it, also for selfish reasons, is because it

you know, ahead of this podcast, I was going to say, he's trying to solve a very specific problem.

And the post was very clear about that problem.

I think that we never came and said we want to replace Ethereum.

That was not the mission statement of what we were trying to do.

Our view was that as we were looking at Bitcoin and even then Ethereum, we actually felt that the technology has an opportunity to make financial services more competitive, more accessible and more efficient.

And I think that, you know, that's the problem that we're trying to solve.

And therefore, you know, comparing us to Ethereum is not really relevant because we're not, at least again, when I read that post, are not trying to solve the same problem.

Right.

So a lot of times people will say decentralization, permissionless, most important features in the world.

And I do think that they are important features.

But then they will say, but RWAs is the most important opportunity out there.

And I'm like, okay, but the second you have the world real world, unfortunately, you open yourself to censorship resistance by the issuer.

It doesn't matter that you put it on a decentralized infrastructure.

And Ryan, David, do you guys use stable coins?

Cool.

Okay.

Well, the issuers of those stable coins are pretty confident having the smart contract, a feature that allows them either to freeze your stable coins or to, in some cases, even burn them out of your wallet.

So what does it matter that it runs on permissionless infrastructure?

I mean, there are reasons why it's good that it runs on permissionless infrastructure, but you're not getting what Vitalik is putting in his post.