A new episode of Hivemind is out now! This week Hypercall founder @trajan0x joins the team to discuss what the Anthropic IPO means for markets, how cyberattacks are exposing the internet’s weak points, and whether onchain options can finally break out. Timestamps 00:00 Intro 00:45 Patience Is a Position 03:49 Chop Until the Midterms 09:33 Can Efficiency Crush the Neoclouds? 13:10 What if Compute Gets 10x Cheaper? 17:09 Is the Internet Broken? 23:20 Could You Cash Out Satoshi’s Coins? 27:16 Is Quantum Theft Really Consensus? 35:31 What Led Synapse to Options? 42:54 What Onchain Options Do Better 46:41 Who Wins Options Distribution? 51:31 Credit Is the Next Frontier 55:09 Would You Buy the Anthropic IPO? 57:36 The Biggest Liquidity Drain in History? 58:35 Why Early Stage Venture Looks Best 1:03:22 Elon Comes for the Neoclouds 1:07:32 SpaceX and the Kessler Syndrome 1:08:53 What Are You Underexposed To?