Odysseus
๐ค SpeakerAppearances Over Time
Podcast Appearances
That's fair.
Yeah.
Yeah, I mean, it goes, you know, the core point is what we made at the start of the conversation, which is in TradFi, crypto is finance, right?
So naturally, we take a lot of mental models from traditional finance and we apply them in crypto.
And for most things, it works, right?
A vault is really like a hedge fund, right?
A curator is really a fund manager.
But security really doesn't map out very well because security is not an issue in TradFi more than it is an issue in most other services because of the long settlement, right?
You can go back, as we said, do a couple of meetings, pay a couple of millions or tens of millions, but you can fix the damage.
In crypto, a hack is a physics event, right?
It happened.
It's closer to an aerospace, right?
Because if you have an issue in an airplane, people die, right?
In crypto, okay, if you have an issue, people don't die, but it's still very severe, right?
And you have this...
irreversible damage.
And now we see like systemic even, right?
It's this isolated event with layer zero and Keppel ended up becoming a systemic risk and a systemic incident for the whole of crypto.
So I think this is the change in, you know, in the mindset where security needs to be as if our life depends on it.
Because as we see it does.