The Ledger, every show

“There's no strategic purpose to owning crypto at the government level.”

“What I think we should do is take crypto away from being a real-time gross settlement network, or like a bearer asset, a digital bearer asset, and then make it more like the way that traditional finance works.”

“Meme coins are dead as a category.”

“The coins might be dead for a generation here.”

“Tether is the top gray swan in crypto.”

“I did it personally actually brought it to the fund and we didn't do it because it was seen as outside of scope, which was a catastrophic mistake, obviously worst mistake of my career by far. Like, I just ran the math, I did the numbers on it, and. It was our …”

“Congress is not going to pass this.”

“Stablecoins are taking over all of fintech, all of global finance, all of banking, remittances, B to B you know, international trade settlement.”

“The BAB stable coin payments, like the PSP stable coin based PSP thing, immensely commoditized. There's a hundred new bridges, right? Everybody wants to be the next bridge. Very, very competitive, very hard. Gonna be thin margin.”

“The last bastion, those banks, the domestic banks, foreign banks are actually doing a lot of stablecoin stuff depending like look at SOS Gen or Standard Chartered tons and tons of stablecoin stuff. The domestic banks have PTSD from what happened over the last …”

“In general, crypto rule of thumb. If you ask me, did that crypto game go somewhere? The answer is no. And that's true. A hundred percent of the time it's never not been true. So there's the answer.”

“So I have like over 50 now, but that was my first, and I was not accredited at the time.”

“It really is you know, they built with the idea of HPC big performant synchronous HPC clusters in mind when absolutely no one was doing that. None of the hyperscalers were doing that. And then now, of course, everybody's realized AI specific data centers make …”

“Yeah, I have wires going out for two new stablecoin related deals this week. So we're at 19 now in our portfolio, I believe.”

“I think a dungeon was popular because people, people could just like jailbreak the game and then just use it as a conventional LM pre chat GPT, but now you can just, that's why it was so magical.”