Crypto is a subculture that cannot accept that it's a subculture.

The message has always been that we're just on the precipice or the cusp of mainstream adoption. It's very hard to convince other people to be users when you yourself don't use the product. It's like, yeah, you should use crypto, well, you can use decentralized social. Do you use decentralized social? No, I use centralized social. I'm talking about crypto quite a bit. There's like a lot of

meta commentary about crypto, but at what point am I using it? And the true today is that if I am

using it, it's almost certainly in a defy capacity.

Welcome to The Breakdown. I'm your host David Canellis. The following conversation flows on from a recent episode revolving around the value proposition of tokens

and how the market is demanding more as the Clarity Act works its way through US Congress.

For the best of your experience, it's probably worth going back and checking it out if you missed it.

And don't forget to hit like and subscribe so you don't miss anymore. And with that out of the way, let's start the show. Nothing said on The Breakdown is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only and any views expressed by anyone on the show are opinions, not financial advice. Host and guests may hold positions in the companies, funds or projects discussed. Welcome everybody to The Breakdown. I'm your host, David

Canales. With me is my very special guest,

Paul Dylan Ennis. Thank you so much for joining us, Paul. Very happy to be here. Cool. Yeah,

I've wanted to kind of, I really wanted to get you on because, you know, in my head,

you kind of represent the solar punk community in a way, at least in the crypto context.

So like, I wonder like how you responded to this framing of aligning the token economy or

even like Ethereum with the World Economic Forum thing about like Ida Orkin's essay of, you'll learn nothing

and you'll be happy. Like, how do you feel about that kind of comparison? It's an unexpected

comparison. That essay is, it's a fascinating one because it's lived memetically through this

conspiratorial life. And it was

fascinating to hear what the actual origin of the story is. When it comes to crypto itself,

I tend to think about, one of the things I think is really interesting in your discussion is

this distinction between the asset, like what I would call the native asset,

or what I think you call the network asset. So we're talking about layer one blockchains like

Bitcoin, Ethereum, and Solana. And we have this token. It has a purpose within the system.

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