$QUIPNETWORK
Trending UpSnapshot Window: 2026-07-06 17:40 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 30, Retweets: 1, Likes: 31, Impressions: 164
Verbatim Community Citations & Social Evidence 1 source posts analyzed
We have @Austin_Federa from @doublezero in the studio today discussing crypto and necessity with @IridiumEagle . What a treat [Spoken audio]: Now, why should someone who has never touched crypto really care about both these projects? I mean, I don't know if someone has to care that it's crypto related, right? I mean, I think that's really like at the core of it, crypto is a process, not an outcome, just the same way that no one really cares what stack your Web2 system is running on. Like, you care about crypto only to the the extent that you need to care about the trust aspects of the system. And so when you look at kind of what does this mean in the case of networking, well, today there is not really any sort of transparent networks that exist out there. You would think, oh, the Internet is public. You can't go look at, there's no status page for an Internet. There's no status page for like, what is the Verizon feed that comes into my house? Is it healthy? Is it dropping packets? Like, what's the, you know, what's the signal strength on the receiver? All of this kind of basic stuff that we would think of as like information about the status of the network, the stuff you can get from your home router, none of this actually exists on the internet today. And if you want that level of granular understanding of how 1B systems runs, you have to operate it. And that's a, you know, 10s to $20 million a year proposition, just to get in a spot where you can actually see what's going on. You want confidence that someone isn't intercepting your data and copying it or there isn't a tap going on on one of your feeds, well, you need to spend tens of millions of dollars to actually make sure that you have infrastructural autonomy. And so the whole principle behind bringing blockchain to networking from our perspective is not because there's anything, you know, I would say like religious about crypto. It's simply that it's an incredibly good accounting system. It's the only foolproof accounting structure we've ever come up with. And because of that, it means we can have things like a multi-party network that each actor in it has confidence in it has verifiability that what they're doing is in fact what's happening on the system. And that is a real advantage over any sort of other transport systems for data that exists today. And that's a very sort of like nerdy and technical reason that like crypto is interesting here, but it's, you know, the way to think about like tokens and crypto is just an evolution of the same journey that was started in the Netherlands, you know, hundreds of years ago with the concept of a joint stock corporation. I would, I would violently agree with the first part of what Austin is talking about. Um, you know, I think that a crypto is not only a great accounting mechanism and can be the most transparent accounting mechanism in real time that has ever been created, but also it's a way of mobilizing economic actors very seamlessly because if you can do that accounting, you know, people can get paid on time and they can understand what they're delivering and they can be excited about that. And I think that for Ambient, one of our key realizations is that miners on GPU adjacent networks were not being compensated at a level that was really motivating them to deliver services. I've said a lot, if you look at the kind of fully, if you look at the valuations of all of the crypto AI protocols, it ends up being something like $28 billion if you add them all together. And the value of AI is like $4 trillion. So the question is, what is the gap? Like how do we cross that chasm between the valuations of crypto AI protocols and AI protocols? And I think that a big part of the answer is leaning into the core incentives that make crypto great and you know for ambient that
