Alpin Yukseloglu

And now we're starting to see, okay, we have this store of value use case.

We have stable coins that are compounding at this monstrous rate year over year.

the industry kind of gave birth to the whole market of prediction markets, which is sort of adjacent to crypto now, but it's just compounding at this insane rate.

And five years ago, it would have been very hard to say, this is exactly what's going to happen.

And it took some level of

Some combination of faith and some combination of agency to actually go and build those things.

And I think so culturally, this has been a very big anchor point for Paradigm because our entire firm is built around building and researching alongside the investment.

And so if you talk to anyone on the Paradigm team or in our orbit, like the sense of groundedness you get is anchored in the fact that we're actually, we have contact, consistent contact with the frontier.

And there's sort of, there's comfort in that, there's stability in that, and there's agency that comes from that.

It's like the threshold of agency you need to be able to execute on something is going down.

So, like, if you're kind of on the fence, you get snapped to zero or to... You can do a lot of things.

Or to one, yeah.

And I think in that sense, like...

if one has the intuitive sense about themselves that they might get, they might be on the side of that fence where they get squeezed to zero, that can be extremely fear-inducing.

And actually, the solution to that is to be much higher openness, right?

Adopt the technology much faster, be much more fluid about changing and adapting to the environment.

There's, I think, Matt and our team had mentioned at some point about how

there are times when speed is more important than cohesion.

And I think the current environment we're in, because the frontier is so unknown and so unknowable to some extent,

There's moving fast and adapting fast has a premium over being able to sit down and figure out exactly what's going to happen and put the pin in the right place.