Crypto Has a Serious Problem (Sui Founder Explains)

I think the whole everything other than three is built wrong. I think the data model is wrong the architecture is wrong. Do the bad actor work together for their own benefit? Absolutely. And I think we are going to have a lot less skepticism about blockchain's role in AI as well. Well, I was passionate about it. I mean they make the right choice. You always do what you're passionate about. Yeah. I think it could be the confidence and the ability to sort of do more complex sort of multi-step transaction in one that requires speed. I think the institutional door is open. I think everybody's interested in figuring out how to use this technology to further the interest to fix on the inefficiencies. It's at that stage where it's open but it's still in the infancy period. AI require human trust and verification of AI's is doing what you intended to do. Blockchain's just use math and cryptography and software to automate a lot of process. So it's obvious energy. So we're getting a lot of traction with our slash wallets. People are using it especially in maybe not in the US but in other countries for their day-to-day where you know, can do crypto payment can invest their money can send money to other to do payments everything. So that's concrete. People are making use of DeFi ecosystem and I think where people are starting make use of stablecoin and other product. We also have a credit card that's coming and a lot of other products for Bitcoin holders as well. Huh. Well, I think the whole everything other than Sui is built wrong. I think the data model is wrong. Uh the architecture is wrong. It's uh kind of ledger model kind of allow you to record so that only the quantity moves is fundamentally the wrong model for anything that goes through changes throughout life cycle. So, we cannot model anything complex. I think we're going to stop asking some of the same questions we've been asking him for a long time. That is uh whether there is uh blockchain can actually serve as a critical component for the financial industry. That will clearly be answered within the time periods. This is a somewhat immature industry that attracts all kinds, a lot of passionate idealistic people. And also, unfortunately, it attracts some bad actors. Absolutely. I don't know if it's a conspiracy theory or not, but that's Unfortunately, we still have bad actors in crypto. Yeah.