Matt Huang

I don't fully know, but my hypothesis would be possibly my mom or parents. That makes it sound like I have some bad relationship with them or something, but I think I intuited early on that in really small stakes, like not in a way that matters, but the trade-off between agency and authority. Now I see it on the other side as a parent.

I don't fully know, but my hypothesis would be possibly my mom or parents. That makes it sound like I have some bad relationship with them or something, but I think I intuited early on that in really small stakes, like not in a way that matters, but the trade-off between agency and authority. Now I see it on the other side as a parent.

But yeah, and really small stakes, just the notion of navigating individual agency. And I'm sure every child, every parent ends up in some situation where the child feels like it's unfair. And maybe it probably is unfair from some objective point, but it's the parent's call. I think that can make one skeptical of any system that allows one party to coerce another.

But yeah, and really small stakes, just the notion of navigating individual agency. And I'm sure every child, every parent ends up in some situation where the child feels like it's unfair. And maybe it probably is unfair from some objective point, but it's the parent's call. I think that can make one skeptical of any system that allows one party to coerce another.

I think I developed very early aesthetic and intuitive skepticism of authority and the ability to coerce. And I have a very strong one should be able to choose one's own path mindset.

I think I developed very early aesthetic and intuitive skepticism of authority and the ability to coerce. And I have a very strong one should be able to choose one's own path mindset.

I think everyone will have different motivations, but I do think there's a shared underlying vector in this direction. I think a lot of us are working on it also just out of raw curiosity. It's just interesting. And I think you have to be really in it to fully experience this, because from afar, definitely the speculative noise is much louder.

I think everyone will have different motivations, but I do think there's a shared underlying vector in this direction. I think a lot of us are working on it also just out of raw curiosity. It's just interesting. And I think you have to be really in it to fully experience this, because from afar, definitely the speculative noise is much louder.

But it is just breaking down ways that humans coordinate into its most atomic constituent parts and figuring out how to enable better and better versions of that and different unique combinations. I think it's just a fascinating frontier.

But it is just breaking down ways that humans coordinate into its most atomic constituent parts and figuring out how to enable better and better versions of that and different unique combinations. I think it's just a fascinating frontier.

I think a lot of crypto is this new kind of security technology where it can secure different types of human coordination. And one interesting thing to look at is when people think about security, they think about preventing something bad. But security is also a huge enabler of things that are good. Countries with strong property rights do a lot better than countries with weak property rights.

I think a lot of crypto is this new kind of security technology where it can secure different types of human coordination. And one interesting thing to look at is when people think about security, they think about preventing something bad. But security is also a huge enabler of things that are good. Countries with strong property rights do a lot better than countries with weak property rights.

And if you look at the micro scale, And just think about something like physical retail. We have these big box stores today like Walmart that probably wouldn't have been possible without many different kinds of security innovation. For example, the idea of a cash register that tracks all of the payments and locks the drawer so that you can trust the cashier not to steal your money.

And if you look at the micro scale, And just think about something like physical retail. We have these big box stores today like Walmart that probably wouldn't have been possible without many different kinds of security innovation. For example, the idea of a cash register that tracks all of the payments and locks the drawer so that you can trust the cashier not to steal your money.

And in a mom and pop store, that's actually a problem. And for a long time, the only people who could operate the cash register were people people in the family that ran the store, because those are the people you could trust. Or think about security cameras that watch parts of the store, allows it to be much bigger than what the cashier could look at themselves.

And in a mom and pop store, that's actually a problem. And for a long time, the only people who could operate the cash register were people people in the family that ran the store, because those are the people you could trust. Or think about security cameras that watch parts of the store, allows it to be much bigger than what the cashier could look at themselves.

Or tags and security balusters that automatically detect when you've taken something out of the store without paying for it. These are all security technology that's preventing something bad. And you could say, well, you could just make shoplifting illegal. And you can do that, but the cost of enforcement is just too high.

Or tags and security balusters that automatically detect when you've taken something out of the store without paying for it. These are all security technology that's preventing something bad. And you could say, well, you could just make shoplifting illegal. And you can do that, but the cost of enforcement is just too high.

So one thing that security technologies do is reduce the cost of enforcement of these things that you don't want to happen, thus enabling more GDP, more economic activity. I think of a lot of crypto as by removing the intermediary, by creating security around contract rules that you put on chain, lower the cost of enforcing these transactions that you want to be able to facilitate.

So one thing that security technologies do is reduce the cost of enforcement of these things that you don't want to happen, thus enabling more GDP, more economic activity. I think of a lot of crypto as by removing the intermediary, by creating security around contract rules that you put on chain, lower the cost of enforcing these transactions that you want to be able to facilitate.