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Logan Jastremski

@LoganJastremski17,307 subscribers

Cofounder & Managing Partner at @FrictionlessVC | Formerly @Tesla | Opinions are my own, not investment advice

Videos

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My conversation with Tarun Chitra As a co-founder of Gauntlet and GP at Robot Ventures, Tarun has one of the sharpest frameworks for understanding market structure across both crypto and AI. In this episode we dig into why open source AI is unbundling faster than most people expect, and how the resulting stack looks surprisingly similar to DeFi. We spend time mapping the AI infrastructure layers directly onto crypto primitives and examining where value is actually going to accrue as models, harnesses, routers, and inference providers separate. At the center of the conversation is the belief that AI’s unbundling is creating a new competitive order-flow market (data centers competing like nodes, MEV-like dynamics for tokens/GPUs) while crypto itself has settled into a more mature “TradFi plus+” phase focused on trading, payments, and bringing real assets on-chain. We discuss: - The current state of crypto as TradFi+ and the decline of speculative narratives - Why AI is killing Bitcoin mining economics and weakening ETH value accrual - The architectural parallel between AI stacks and DeFi (Harnesses = Wallets, Routers = DEX aggregators, Models = Protocols, Inference Providers = LPs) - Why open source models are unbundling faster than traditional software - Agents as the next interface layer and the potential unbundling of ETFs -Cryptography, verifiable compute, and turning GPUs into digital assets - Onchain compute trading as the real crypto × AI opportunity - Sustainable business models and where value will ultimately capture Timestamps: 0:00 – Introduction & State of the Crypto Market 2:00 – Speculative Narratives Fade, Trading & Payments Remain 7:00 – AI’s Impact on Bitcoin Economics & Data Center Opportunity Cost 9:00 – ETH Value Accrual, Solana Positioning & DeFi Token Sustainability 15:00 – Trading Design Space & On-Chain Volume Upside 25:00 – AI Unbundling Thesis: Open-Source Models vs Data Centers 35:00 – The DeFi Mapping (Harnesses, Routers, Models, Inference) 48:00 – Agents, Preference Expression & Unbundling Traditional Products 1:00:00 – Real-Time Harness Generation & Active Learning 1:05:00 – Cryptography, Verifiable Compute & On-Chain GPU Markets 1:10:00 – Closing Thoughts: Where Value Accrues Next Enjoy!

Logan Jastremski

132,411 Aufrufe • vor 1 Monat

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My conversation with Rob Hadick >|<. As General Partner at Dragonfly, Rob has one of the clearest views on how blockchain is evolving from speculative crypto into the actual infrastructure of global capital markets. In this episode we dig into why finance, payments, asset issuance, and markets are the only parts of crypto that are truly scaling and how the industry is quietly becoming TradFi’s onchain upgrade. We spend a lot of time mapping traditional capital markets primitives directly onto blockchain rails and examining where value is actually going to accrue as tokenization, stablecoins, and onchain trading mature. At the center of the conversation is the belief that blockchain is no longer building a parallel financial system it is becoming the settlement, issuance, and trading layer for the existing one, while crypto itself settles into a more mature “capital markets +” phase focused on real assets, institutional flows, and sustainable business models. We discuss: - The current state of crypto as capital markets infrastructure and the decline of pure speculative narratives - Why finance, payments, and tokenization are winning while most other crypto applications struggle - The architectural parallel between traditional capital markets and on-chain systems - Tokenized assets = Securities - Stablecoins = Cash / settlement - DEXs & on-chain venues = Exchanges - Prediction markets = Information markets - Why institutions are moving on-chain and what they actually want (control, privacy, segregated markets) - Token vs equity: where value accrues in a non-Clarity Act world - The mass extinction event in crypto VC and why Dragonfly is doubling down on financial infrastructure - Stablecoins, RWAs, and the real path to “tokenization of everything” - Prediction markets (and why Polymarket matters) as the next interface layer - Sustainable business models and where value will ultimately capture Timestamps: 0:00 – Introduction & State of Crypto as Capital Markets 2:00 – Why Speculative Narratives Are Fading 7:00 – Finance, Payments & Tokenization as the Only Scaling Verticals 12:00 – Institutional Adoption & What Wall Street Actually Wants 18:00 – Token vs Equity Value Accrual 25:00 – Blockchain as the New Settlement & Issuance Layer 35:00 – Prediction Markets, Information & the Next Interface 45:00 – Crypto VC Consolidation & Dragonfly’s Thesis 55:00 – Real-World Assets, Stablecoins & On-Chain Markets 1:05:00 – Closing Thoughts: Where Value Accrues Next Enjoy!

Logan Jastremski

50,206 Aufrufe • vor 1 Monat

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My conversation with evan.sui As the CEO of Mysten Labs, Evan is relentlessly focused on building the unified abstraction layers necessary to bring blockchain technology to the masses. The team is doing the hard architectural work with Sui to move beyond traditional digital ledgers, utilizing a complex object model to enable true parallelization and seamless developer experiences We spend a lot of time unpacking the limitations of EVM L2s, why top-down application design matters, and the massive opportunities at the intersection of verifiable automation and AI At the center of this conversation is the verticalization of the Sui stack from Deepbook to Walrus and the belief that the next generation of global adoption requires platforms to look more like cohesive operating systems rather than fragmented networks. We discuss: - Why the industry needs to raise the abstraction layer for global adoption - The architectural limitations of EVM chains and the failure of L2 scalability - Walrus, Deepbook, and the verticalization of the Sui platform - Why Sui's object model fundamentally differs from traditional digital ledgers - The intersection of AI and blockchain: persistent memory and verifiable trust - Unlocking Bitcoin's stagnant capital - The upcoming EVE Online partnership and the future of web3 gaming - Why blockchains must operate with sustainable business models Enjoy! Timestamps: 0:00 - Introduction: The Need for Unified Abstraction Layers 1:54 - The Scalability Maze: Why L2s Failed to Deliver 8:43 - Custom Databases: Scaling Reads and State Access 11:44 - Walrus & Deepbook: Verticalizing the Web3 Stack 1 6:16 - Beyond Digital Ledgers: Sui's Object Model Explained 22:38 - AI, Automation, and Providing Trust for LLMs 31:04 - Lessons from Libra: Permissionless vs. Corporate Chains 35:49 - Sustainable Economics: Business Models for Blockchains 41:13 - Unlocking Stagnant Capital: Bringing Yield to Bitcoin 51:46 - The 2026 Roadmap: EVE Online, Privacy Guardrails, and Product Infra

Logan Jastremski

60,554 Aufrufe • vor 5 Monaten

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My conversation with @KeoneHon. As the Cofounder of Monad, Keone is relentlessly focused on building a credibly neutral foundation for developers, actively resisting the crypto Twitter pressure to verticalize for short-term revenue. He and his team are doing the hard, ground-up engineering required to eliminate the technical debt of the EVM. We spend a lot of time unpacking the specific breakthroughs enabling Monad's performance, from fundamentally re-architecting storage trees with MIP-8 to the massive, often-overlooked importance of optimizing the read layer. At the center of it is a belief that true scaling requires turning the dial on both higher performance and cheaper hardware requirements to maximize throughput per unit of compute. We discuss: - Why building a robust ecosystem is more important than verticalizing for Day 1 revenue - Hyperliquid, Appchains, and the true value of a credibly neutral base layer -MIP-8, re-architecting storage trees, and unlocking massive EVM performance upgrades - The unsung importance of the "Read Layer" and making RPCs developer-friendly - Multiple Concurrent Leaders (MCP) and mitigating the impact of MEV - Why "stablecoin-only" chains will inevitably have to pivot to general-purpose DeFi Enjoy! Timestamps: 00:00 Intro & Why Ecosystem Building Beats Verticalizing for Revenue 13:03 Hyperliquid, Appchains vs Decentralized Base Layers 20:26 Why Trading and Shared State is the Primary Driver of Blockchains 27:38 The Inevitable Pivot of Stablecoin Chains to DeFi 32:06 MEV, Censorship Resistance, & Multiple Concurrent Leaders (MCP) 41:12 Rethinking the EVM: MIP-8 and Optimizing State Access 44:47 The Critical Importance of the Read Layer & Ponder Acquisition 51:56 L2s, Crypto Twitter Sentiment, and Building from First Principles 58:00 Hardware Scaling and Throughput per Compute

Logan Jastremski

23,685 Aufrufe • vor 6 Monaten

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My conversation with Max Resnick As a researcher pushing the frontier of Solana's market structure, Max is relentlessly focused on the engineering required to turn a general-purpose L1 into credibly neutral, high-performance financial infrastructure. He and Anza are doing the hard protocol level work to mitigate bad MEV, eliminate colocation advantages, and bring all of finance onchain We spend a lot of time unpacking the shift from single-leader to Multi-Concurrent Leader (MCL) designs and why this change could fundamentally redefine global market structure At the center of this conversation is the Constellation Proposal, 50ms protocol-enforced economic ticks and T+0 settlement, and the belief that true DeFi requires moving beyond the constraints of traditional data center colocation We discuss: - Why multi-proposer designs are necessary to solve the single-leader bottleneck - The end of colocation and what it means for truly decentralized trading - Multiple Concurrent Leaders as a solution to censorship and MEV - The Constellation Proposal, 50ms economic ticks, and latency reduction - Why Solana is the preferred home for high-throughput trading and T+0 settlement - Market making dynamics and dual-flow batch auctions - FCFS vs. priority ordering and the future of on-chain finance Enjoy! Timestamps: 0:00 - Introduction: The Vision for a Decentralized NASDAQ 3:40 - Multi-Proposer Designs: Solving the Single-Leader Bottleneck 11:07 - Constrained Optimization: Balancing Decentralization with Reality 23:50 - Why Solana? High-Performance Trading & T+0 Settlement 32:47 - Deep Dive: The Constellation Proposal & 50ms Economic Ticks 46:00 - Market Making & Dual-Flow Batch Auctions 59:13 - FCFS vs. Priority Ordering: The Future of High-Throughput Finance

Logan Jastremski

19,780 Aufrufe • vor 5 Monaten

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