Speaker unverified: belief

Transcript context

…There is something that's sort of been ruminating, and I know we already did bear and bull. There's got to be a bear case on all of crypto that's like the bear king here that we're not talking about. There's a variety of things that are pseudo black swan like quantum computing or someone figures out how to crack RSA effectively. Let's put those black swan type things aside. Where is there a perma burst on the entire crypto bubble? I think there are still a lot of things that are happening on Ethereum because it's early, cool, and they have no impact on the real world. One big bear bubble burst case is just it doesn't find applications where it's that much more useful and useful enough to be worth the extra complexity. That's not my belief but I think maybe one of them is that it just doesn’t find the application still. I think that has been the risk for the past few years. Another one is that everything is still so tied to the price of Bitcoin. Bitcoin is a blessing in disguise, I don't think there's anything fake about it just because it's built on human belief and the fact that other people will accept Bitcoin. If people decide for whatever reason—it has tanked a bunch recently. If people decide for whatever reason or the government starts to crack down, it's just not worth the headache. If Bitcoin goes down, at least temporarily everything is going to absolutely crash. It's been wild to watch these last couple of months. As Bitcoin is swung around, Ethereum is swung around, a lot of tokens are swung around and nobody realizes these things are completely not connected, but they are which is your point.…

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