Alpin Yukseloglu

And then, of course, you can go down to the protocol layer, right?

You can say, well, how does a model land a transaction on the Ethereum blockchain?

How, like, there's a security side at the Ethereum client level, right?

Or at the protocol client level, where, like, sure, maybe there are $100 billion of assets sitting in open source smart contracts, but there's way more than that in ETH and SOL market cap.

that can be exploited if you're able to find critical vulnerabilities in Gath, Reth, et cetera.

So I think going down the protocol layer is going to be important.

Model capabilities around MEV and sort of extractive capabilities

tactics, I think that will have the same effect as, you know, long tail hacks, right?

There's a bunch of stuff on chain that you can just collect if you if you're able to do the end to end process of figure out alpha in the market, construct a trade and underwrite it, and then submit the transaction and land it on chain reliably.

These are all things that actually the models are not that good at right now, but they will get good at really quickly.

Yeah.

Well, I mean, you mentioned in the long term, crypto is positively levered to almost all of these developments.

And as models get extremely good at security, this will raise the ceiling for the whole industry.

I think it's up to us what the path there is, us being the industry.

It may be survival of the fittest.

It may be that we figure out a way to have the defense get ahead.

But the core point is that the amount of assets that can be sustained on these networks is proportional to how secure they are.

And in the long term, there's this benefit where as security improves, more assets will be able to securely stay on chain.

Now, in the short term, I think

This is one of those things where it's in our hands, right?