Cryptocurrency - Do the Fees Exist?

Fees exist because of what the intermediaries are doing and the cost, or because of the way the system works. How do we make sure that in crypto we end up with centralized intermediaries that are going to charge big fees anyway? Can you talk a little bit about your background and the founding of teses? Cause you were a trader at goldman sack,. And so what, what did he do his position in traditional finance originally? And what didyou see early on? A, that you thought it was like an opportunity to port some of these ideas, or the opportunity you saw in creating your own od chan.