Charlie Songhurst

I certainly don't have as much conviction on it as I do on startup stuff.

I'm sadly out of insight on it, but I think you're intuitively right in predicting the outcome.

I think one of the things that's going to be very interesting is I do think there's a sort of U-shaped curve where for companies, you either have to be remote or you have to be centralized.

The bit that's going to be absolutely nightmarish is if you have a hybrid mix, because what that'll lead to is everyone at headquarters

will have a political advantage over everyone that works remotely.

And so you'll end up promoting people who chose to move to headquarters rather than work remotely.

So you'll end up promoting them more politically aware, which is probably the most toxic criteria you could have for long-term productivity of the firm.

Crypto is super interesting because it's so unanalogous to anything that's come before it.

So one of the interesting things with investing is people get a dopamine effect from things they've made money on before.

And so they like to invest in similar things, or at least things that their friends made money on before.

So they think there will be a dopamine hit for it.

So if you look at DEX in startups from 2016, you would be amazed how often the Uber of or Airbnb of appear.

a sort of marketing poise to sort of almost say you're going to get the dopamine effect investing in a business that is similar to these existing successes.

Once every so often, you get something that just sort of has no epistemological priors.

There's just nothing like it before.

And I think crypto has that.

And then what's so interesting about crypto is it has such strong psychological law tests.

So the biggest variable I've seen amongst people I know of whether they believe something like a Bitcoin is viable is age in a way that I don't see for any other element of tech.

Younger people find digital money more intuitive.

Older people find it less so.