Is There a Need for Scavengers?

I think going through a bare cycle, I guess there are challenges around that too. Everybody's trying to cut their burn rate and make sure that we can all survive through the bare cycle. But also I think not becoming afraid in a certain way, I think is important too. There tends to be, at least I noticed this, I'm pretty passive on Bitcoin, but I do tend to see that there's a need for scapegoating sometimes. And it's of course easy to point at FTX and their bad behavior. Do believe there's some credence to notions of rounded tops last year due to various internal trading things that are very complicated and strange.