A conversation w/ @CryptoHayes on OpenAi & Anthropic being worthless, why China is especially interesting right now, agentic money systems, crypto token disparity, quantum risk vs reality, and what changed his mind about Ethereum. 00:00 Intro 00:27 Bitcoin to 1 Million 00:57 Why Governments Always Print Money 03:31 Ai Tokens vs Crypto Tokens 04:30 AI Is a Waste of Money 06:11 Zcash vs. Ethereum 07:29 Why Only a Few Coins Win 10:38 China's Coming Money Printing 11:51 Stablecoins vs. Local Currencies 14:03 AI Model Companies Are Worthless 15:17 Agentic Payment Systems 17:28 Why Agents Won't Use Stablecoins 18:56 Poetry and Trading Competitions 21:17 Ai Money > BTC 22:52 Tokenization Supercycle 24:43 Michael Saylor Szn is Over 26:12 Central Banks Buying Coins 27:29 Is Quantum Risk Overhyped? 27:54 Consensus Trades 29:35 Favorite Coins 30:20 Why ETH Will Outperform