Alpin Yukseloglu

And this is somewhat paradoxical because the more agency you have, the more it may seem like it matters that you do the game selection right and you sort of pick the right game to play, etc.,

But practically and empirically, what's happening is that actually it's better to move fast and ship the thing within 24 hours of inception than it is to sit for two weeks and try to figure out the exact right way to construct it and then try to ship it then.

And I think that probably goes all the way down to like many parts of one's life where we're in an era of speed over cohesion.

I think not in terms of market.

I think that's really hard to say.

Like, you know, a DEX contract versus a lending market.

But I think, you know, simple contracts that have been around for a long time, I think are probably in a better position than, for example, like the 200th contract deployed on Binance Smart Chain or something like that, where, you know, in the past, there's been a sheltering that's happened from being in a small market.

So if you were deploying something,

where the most amount of money that one could make if they fully exploited it was sort of in the order of low thousands of dollars, then you were sheltered by the fact that they're just much bigger fish and the bad actors and even the good actors or the people who are trading, et cetera, like are just not, you're not in their Overton window.

But as the models get better, because the cost of inference is so much lower than the cost of an extremely talented security researcher, that long tail might get shaken out very quickly.

So I think most at risk is probably small cap or low TVL protocols in long tail chains that are still built on well understood stocks like the EVM and Solidity.

And then

And then I think there's just sort of an unknowable security risk for the major contracts, the OG DeFi contracts that are currently battle tested, but are still very complicated.

And, you know, we'll see over the coming year or two to what extent those contracts are actually exposed.

Well, the prize is much larger for exploiting those contracts.

So I think it has this like, you know, there will probably be this canary in the coal mine effect where there will be smaller or protocols that are less secure, but have a lot of assets in them fall first.

And I think there, you know, we'll have to look out for the first exploit that happens that is almost entirely from AI.

And then from there, it'll be the race will be on to start taking the defensive measures necessary.

Yeah.

I think this is a general trend that the long tail will get collected by people who can use AI.