Literally fucking context, he was thinking about Luffy statement about becoming the pirate king, an user here on this forum made it clear,
@kurwa .
So yup it's fucking clear it's about fucking Pirates, the rest is copium because their fab didn't get in Kaido top 5. Oda is already kinda messy when it comes to be explicit, dunno how the fuck we got some power scaling shit from him and the Fandom ignores it without understanding the scene.
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It's not just about who can harm him, shit, he knows very well Yamato can for example, he chooses the 5 greatest pirates and from the context since there is a whole discussion about becoming king of the pirates then it flashes in Kaido's mind "you're implying that you're great as much as them?” but what is Kaido referring to here with that *are you implying* you mistakenly think he is referring to the blow he suffered, as if he were appealing to the blow he just received and as if the fact that it could damage him is an implication that is as big as them, but it's wrong lol, it literally refers to what Luffy is saying in words with his wanting to surpass them and become king of pirates, Kaido who was damaged is shocked, he thinks "what happened to him in kuri? Few can harm me" and then separately echoes Luffy's words "are you implying that you're as big as them?" almost as if he was indignant as if to say "are you implying by your words that you believe you are as great as them?" and brings out the top pirates he has met throughout his life and yes, Kaido knows Shiki and Rayleigh very well.