Like I was talking to someone last week and he's like every VC I talked to is utterly miserable.

Like you would not be able to tell that prices are like...

Because retail's miserable too. Everybody, all everybody's miserable.

You know, yeah, we all, maybe you'll need to go to like a Mexican beach vacation.

We can claim our eigenier drop, you know, while we're south in the border and just like chill out for a bit. Welcome to Bankless, where today we explore the frontier of VCs versus retail.

That's the conversation today.

As always, I'm Ryan Sean Adams,

and we've got David Hoffman, and we're here

to help you become more bankless.

VCs versus retail. Are they at war this cycle in

crypto? Have they always been at war? That's the throughline of the

conversation we have today with crypto writer and V.C. Regan Bozeman.

A few things we talk about to get to the subject matter.

Number one, why this cycle in crypto feels weird? Number two, why retail attention

is actually the tail that's wagging the dog right now.

Number three, why air drops are broken and how to fix them.

Number four, the toxic combination of high FDV

and low float and how we got there.

And number five, is the casino or primary use case should we give up on this whole

fundamentals thing understanding the crypto markets and why they are what they are

has been one of the more interesting things to investigate I think

since I've ever gotten into crypto. There's so many different things about the way

...