Yuval Rooz
๐ค SpeakerAppearances Over Time
Podcast Appearances
is that you could actually create a financial model where everybody can actually participate.
Now, that's just ownership.
But the value, in my opinion, and again, the value in my world of a smart contract net chain is the utility that gets generated on it.
And I think that, I think also you started talking about it in some of your podcasts is like,
There has been too many promises and not many deliveries of what I would say real cash flow businesses.
with an exception of a few.
I'm not saying that there aren't any.
We mentioned Aave, a very impressive business.
There are businesses, but for the most part, I would say that there haven't been really long, you know, sustainable business models that came on chain.
And therefore, my belief is that long-term, gravity and physics win.
Meaning, if you're not going to be able to actually drive utility through your network,
It goes to zero long term.
That's my personal take.
And as a result of that, what we're trying to do, and we've talked for an hour and a half, is about what we're trying to optimize.
As much utility, different asset classes, different use cases.
Canton coin is a utility that is being used to pay for those transactions.
And one thing that we have done different is that
the utility is denominated in US dollars.
And again, the reason for that is that we believe that if you're a large institutional player that is going to put a significant piece of your business
Whether we like it or not, or we should think that we should start adjusting our currency to be denominated in ETH is a very interesting conversation.