Investor checking in. We don't want our money back. I don't want to pick on Mosi in particular—he's an important voice and I'm glad he's being vocal. But I want to push back on the broader zeitgeist he's representing. There's a wave of malaise around new crypto infra right now, and it's misplaced. What I want to say is: blockchain tech is not done. Hard drives didn't stop scaling after 1TB. Memory didn't stop at DDR3. GPUs didn't stop after A100s. They did not throw up their hands and say "well the infra is good enough, there's more infra than anyone could want, we should all just focus on applications now." Ethereum was created less than 10 years ago. Do you really think that's it? We're done? No more? If you look at where we are now, it makes sense! "Why do we need Monad to run AAVE or Pump? What we have is fine." But this kind of complacency about progress never ages well. Blockchains will grow and evolve. More and more of the world's financial transactions will move on-chain. If you don't actually believe this, why are you here? Paul Krugman thought the Internet would have "no greater economic impact than the fax machine." Steve Ballmer said the iPhone would have "no chance of gaining significant market share." Ken Olson dismissed PCs, believing there was "no reason why anyone would want [one] in their home." Timnit Gebru pronounced that LLMs were merely "stochastic parrots." Even Larry Fink denounced Bitcoin in 2017 as "an index of money laundering." Each of their takes were accurate at the time that they said them. They didn't buy into the hype. But each of them was flat out wrong. Because technology only ever gets better, and the exponentials of human ingenuity are very difficult to foresee. Yes, I know—"there are too many VC coins." Don't let market woes blind you to the bigger story. Blockchain technology isn't done. There is so much more to improve. Do you really think there aren't new ideas worth trying? That by the year 2040, all of the good ideas already existed in 2020? I don't think so. So let them cook. Maybe it won't be Monad. Who knows. Building new ecosystems is hard. That's what they signed up for. But if we want more than 10-20M people using public blockchains, we are going to need real breakthroughs. And ultimately, every technology lurches forward one idea at a time, one ambitious founder a time. The kind of people who won't take "it's already good enough" as the answer. Believe in something.