I'd put Fold App in this category, right. Unless we're not seeing something under the hood

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Yea. There will be tons of companies that have tried, currently do and will bridge the bitcoin to fiat worlds in a way that’s nice for users. If Fold succeeds or fails isn’t because it got involved with fiat. It’s just hard to build a company. Trying to generically blame it on “fiat” doesn’t hit the mark with me. I mean unless he means fiat is anything bad, then I guess by definition he’s right.