0:00

It's like every mark. They don't realize they're the mark.

0:03

Because now, you first you migrate all the IP to your business, and then because you need uncapped, you need capped liability, both vis-à-vis the business and vis-à-vis the dangers, you've got to migrate the business to the government. It has to be nationalized.

0:16

So what's actually happening is this is reported as regulation, non-regulation movement.

0:20

Yeah. That's actually not what this movement is.

0:22

It's like the view that I believe they have is these businesses have to be nationalized because if you don't nationalize them, every single one of my clients is gonna sue.

0:32

Now, you think that's what they want? I... Well, obviously. Like, if you have a business that presupposes unlimited risk, both vis-à-vis liability risk, vis-à-vis the clients- Mm ... 'cause I don't think any of our clients realize their IP was migrating,

0:46

vis-à-vis the world because you're saying, "What is the liability risk for destroying 10% of the company?" 10, 10% of the world.

0:52

High. It discounted into the present. Okay, but there's only one institution, and by the way, that's not actually what's happening. They want three institutions.

0:59

It's gonna be like Europe, Canada, and America.

1:03

We migrate all the IP of America from our businesses to this institution, then the institution is going to get full liability protection because it's nationalized.

1:11

Do you think OpenAI wants this? Uh, well, no, no.

1:13

Ant 金 融 wants this? There's very... No, I think, I think these are very different things, but I think that is the core philosophy of the EA movement imposed upon a business-

End of transcript · 281 words

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