Jordi Visser

One is a very large deleveraging that happens faster than I anticipate because of this rotation happening away from software and into hardware.

And I think we're seeing the early signs of that.

And without getting too wonky here, I do think that this problem is gonna persist the entire year.

This structure will extend into the next years.

People have to take their leverage now.

It's just, this world isn't gonna go back.

But the other risk is, and this gets into the thing you brought up, and I want people to think about this in the crypto world as well.

We are entering a year of agent swarms.

There's gonna be more hacking going on.

You just go read some of the stories about what happened with Amazon back in December when service went down.

I think being kind of on-chain but not truly on-chain is going to be an issue.

This is the thing that speeds up the demand for on-chain stuff.

And that's something I believe.

And you can have a bunch of Adam Beck and people that know far more than I on the vulnerabilities between the two.

But it's ironic that I have to defend quantum, which is far down the road.

And nobody's worried about agent swarms.

Easiest way for me to describe, we are at the point where open claw, which allows agents to just run 24 hours a day, seven days a week, 365 days a year, where they work together.

So if you want to hack something as an individual, think about what they had to do, even with the technology they had.

It's one person.

Whenever you watch a TV show, it's like this mad hacker broke in.