This video is actually discussing a question: Will the unprecedented excitement in the AI industry and the pumping of funds and talents "drain" the entire Crypto industry? The answer is obvious, it will happen in the short term, but it is impossible in the long run: 1) Recently, @ VitalikButerin expressed on the a16z podcast the issue of AI power concentration going out of control. Perhaps the market is still unaware of the rapid increase in AI productivity, but once AI computing power, reasoning, data and other engineering capabilities reach a bottleneck stage, the demand for decentralized/distributed production collaboration relationships will flood in. I still hold the same view. Satoshi Nakamoto initially proposed the goal of a P2P peer-to-peer distributed cash system to combat the excessive centralization of traditional financial institution systems, and now AI is advancing rapidly and inevitably moving towards "centralization". In this situation, the demand for a distributed AI Infra that can counter AI centralization will gradually be amplified, which is an unstoppable trend; 2) Nvidia CEO Huang Renxun also praised Bittensor in the podcast. The core reason is that the TAO subnet has trained a 72B Llama class model in a distributed way. There is no data center, no white list, and no super GPU cluster in the whole process. It is completed through collaboration on the open Internet with 70+ordinary contributors using household hardware+ordinary 500Mb/s household broadband. This once again confirms that AI Infra is not always useless, and can still create something of practical value. This will further enhance market confidence in the construction of AI+Crypto infrastructure. The above. Don't lose confidence due to the withdrawal of short-term liquidity. The more mature and powerful AI becomes, the more demanding its requirements for underlying infrastructure will be, including verifiable computing, tamper proof data traceability, payment settlement without trusting third parties, and so on. These are the main narratives of AI Infra that Crypto is currently striving to promote. As for liquidity, it will come back sooner or later. Isn't it time now to build demand and logic for liquidity to return in a context where the market is completely indifferent?