Mr. Sacks disagrees with Mr. Calacanis's suggestion of a 0.01 per cent tax on all US cryptocurrency transactions, warning that the new levies often go beyond their original intent and debating the role of Ethereum versus Bitcoin and meme. Calacanis has proposed a small tax on cryptocurrency transactions in the form of native assets. Sachs rejected the idea, citing the history of income tax expansion. The discussion also covered crypto reserves, meme coins, and investment strategies.