Dan Elitzer

Again, it is ultimately like social all the way down, even at L1.

It's just the bar for reaching that level is considerably higher.

The game theories of all this right here, right?

Lazarus is learning very fast.

They've adapted a lot over the past few years.

And to this point, they're going to get the funds off the roll-up real fast.

It seems very unlikely that roll-up teams would be able to respond faster than what the current expectations are that users have in terms of the ability to

relatively instantly bridge large amounts of funds back to L1 or to some other chain.

So they're not going to leave it there to be frozen for future hacks.

Just wait until the lawsuits start coming, right?

I think Coinbase is going to want the ability to say, sorry, we can't take action.

layer twos to stage two actually i think i think the the legal liability is going to be the the biggest thing that's going to push l2s in that direction because they don't want like again pandora's box is open where do you cut the line is it 70 million dollars is it you know 30 million dollars is it 10 million dollars is it 10 dollars like i don't know where's the line

Guys, you're the host, so tell me if you want to go a different direction, but I'd love to talk about practically where are we at and what does this all mean for builders, for users?

Because I think we're in a very interesting...

Well, I think first I want to just stage set and that it's not just about DeFi.

I think for everything digital, like we are in like the probably 12 month period of max danger because we are now seeing AI systems at a certain level and not even like the mythos models, but like the current generation models, when you put them into the right harness, they're able to find insane zero days, not just in smartphones,

contracts but in traditional like web to like operating systems browsers like all of these things it is it is really really scary what is possible now and luckily that's mostly concentrated in the hands of I think some of the good guys but as we've seen the open weight models that are going to be like you know fully open and people can use them for whatever they want and

Those are maybe six months, maybe 12 months at most behind.

So we're in this period where we have all these deployed smart contracts.

We've got all this deployed, just like Web2 infrastructure that was built and tested and secured under human security assumptions for how you can go about securing that.