In this episode of Bell Curve, Michael, Vance, and a third speaker discuss a range of topics including Jony Ive's new venture with Sam Altman, the resurgence of San Francisco as a tech hub driven by AI, and the dynamics of crypto regulation and consumer adoption. They analyze the potential of AI-driven internet growth, contrasting it with crypto's position, and debate whether crypto has achieved consumer adoption. The hosts also delve into Hyperliquid's success as a decentralized exchange, comparing it to Binance and Solana, and explore the trend of public acquisition vehicles for crypto assets, assessing their risks and potential impact on the market. Finally, they touch on stablecoins, BlackRock's interest in Circle, and Kobi's new ICO platform, Sonar, highlighting a shift towards more equitable token distribution methods.