When I bought my first Bitcoin in 2014,

and by the way, I haven't sold any since then.

I'm a believer in all crypto.

It was like, actually, in fact,

this is part of a design feature that this is how DNS should work.

This is how identity should be working, generally,

when you get to the internet.

Good. Welcome to Cons consensus. Thank you.

Have you spoken at a crypto conference before?

I don't think so. And if it was, it was in the prehistoric Stone Age, 2015, etc.

All right. Let's give a consensus welcome to Reid Hoffman, please. Reid, you and I spoke, I think it was about six months ago, and it was a fascinating conversation.

And you said something to me then that I want to see if that thesis still stands, which you said,

you were focused more on the app layer than anything else. And then since then, I think you bought

a Cryptopunk, you did a number of podcasts I saw on stable coins, I think one of your wallets was

docks. There was a lot of things that happened since then. Are you still focused on the app layer?

Are you thinking about info or institutions? Where are you today? So there's probably a additional. I'm still focused on app layer. I do think there's a number of areas that have been experimented within the last 10 years that now, as we've gotten this new level of stability, it's almost like Internet 1 and Internet 2. Like Webvan went out of business, but actually now we have Instacard and all the rest. So I think there's a lot of things that will be coming back, and that's part of the app layer, you know, focus when we were talking about. But the other thing, and that's part of buying a crypto punk, is I started thinking a lot, I've been spending a huge amount of time on AI. You know, kind of co-founded a couple of AI companies, including one trying to cure cancer.

And I've been thinking about what AI and agents mean

for everything.

And one of the things I went, oh, wait a minute of co-founded a couple of AI companies, including one trying to cure cancer. And I've been thinking about what AI and agents mean for everything.

And one of the things I went, oh, wait a minute, this is going to be another important thing

within crypto. And not like, for example, agenda commerce, yes, you know, kind of payments

rolls, yes, et cetera. You know, kind of the enablement of payments within agents, yes. But actually, in fact, what happens is when you begin to think we're gonna have more agents than people, what does the identity layer look like? What is the kind of the notion of, hey, when your agent's talking to my agent and we book this talk here, you know, what actually, in fact, like, you know, is it a trustable transaction? Do you have identity, et cetera? And that got me back into thinking about NFTs. And that's part of why I ended up... Hold on. Oh, hold on. Cryptopunk. You started thinking about NFTs. Who else here is thinking about NFTs right now? All right.

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