Ryan

But at some level, all of these stacks are somewhat similar.

There's some convergence here.

One comes from one direction, another from another, but it's kind of a building out of the stack.

I'm wondering if you have any thoughts on that, like some of the other plays that we've seen recently, the tempo and stripe thing, the polygon with on-ramps.

Do you think, or even Circle with ARK, so they're a stablecoin issuer and now they're trying to get into the blockchain game as well.

What do you think is going to work here?

Do you think there's, are you seeing the convergence that I'm seeing here?

Can we camp on that for a second?

Like, why an L2?

Like, why not an L1?

Like, why do you say that so emphatically?

I really like the architecture choices you're incorporating, kind of the best of, I think, that Ethereum offers here.

But I want to put you on something, Merrick, because you just said it was a no-brainer.

Okay, so no-brainer.

And yet the people making the decision to launch EVML1s, I know they've got brains.

These are some smart people.

Of which you were one.

Yeah.

It's Stripe, okay?

And it's not just Stripe.