Conversation map
The episode revisits an early Solana position, the ecosystem's survival after FTX, how value can be redistributed through systems such as OUSD, and the role of payments and retail participation in durable adoption.
- 03:14 · The early Solana round
- 04:37 · Surviving FTX
- 08:43 · OUSD redistribution
- 16:49 · Retail holding power
The through-line
A network's durability is not proven by a bull market. It is proven when capital, developers, and users continue to coordinate after the strongest supporting narrative disappears.