Gavin Baker

Is it enough to just be a token factory or do you need to have, you know, a database and in-memory storage and, you know, cloud storage and cold storage and all the things that ABS provides?

Yeah.

How are you thinking about the other hyperscalers, the other big tech companies?

We were sort of puzzling over meta strategy at this point.

Tons of resources, cashflow, data centers, they have experience there.

Maybe they're not as fast as SpaceX, but there's a lot there, but it's a completely different motion to go into token factory.

And yet there's still a lot of demand.

So how do you think all of that plays out?

Even there was a killer feature within Instagram.

It's like, oh, people are shopping in Instagram now.

Pushing for.

Yeah.

I mean, the other quote from Talladega Nights is, if you're not first, you're last.

It's all the windshield.

I'm interested to go a click deeper on the idea of like value will accrue to companies that are in the token path.

I think that phrase is extremely powerful right now, but I want to sort of expand it and understand the fringes of the token path because we talked to Matthew Prince at Cloudflare, stocks at all time highs.

It's delivering tokens at the edge.

And obviously there's an immense amount of AI agents that are interfacing with different websites.

They need to be distributed.

So there's a lot of value there.