Around 1993, Microsoft began talking to cable companies to make something called "Cablesoft." The ideas was, the internet was slow, clunky, and untrusted for things like commerce. Cable was fast, Microsoft had great tech, they were going to create a corporate "information superhighway" to replace the internet. This sounds very dumb now, but what made this so compelling was they were controlling UX through the TV. The thought was, a TV is SO much better than a crappy computer and it's in the den of every home in America. It was the massive, odds on favorite to win everything. Why didn't it? Because the open nature of the internet encouraged innovation at the edges. Look at the UX on your iPhone today. It simply wasn't possible to dream that up then. Crypto is in its Cablesoft era today. I am begging you all to remember that we are all here because banks suck and should get disrupted. Do not give up AT the finish line and let the bad behavior of the last few years destroy your optimism. Open systems beat closed systems, TradFi won't win everything, keep the faith.