I personally think crypto exchanges should just stop fighting each other. Even after removing illiquid assets, the entire crypto market cap is smaller than a single stock on the U.S. stock market. In short, it’s endless internal consumption—only making the industry seem even more hopeless. A few days ago, I caught up with some old friends who’ve recently transitioned into other growing industries, and I felt that vibrant, thriving energy again— endless potential partners, everyone seeing opportunity, and the willingness to start with zero baseline trust, just get things done and make money first. Choice matters more than effort. I could never say again today, “Young people should go all-in on Web3.” And that’s only been four years— just about the time I finished my undergraduate degree.