The physical distance of space-based data centers creates significant latency. This delay renders them impractical for real-time applications like crypto mining, where a block found in space could be orphaned by the time the data reaches Earth. Their best use is for asynchronous, large-scale computations like AI training.

As AI agents become sophisticated, they'll need to pay for services. Traditional banking is too slow and fragmented for them. Crypto, as the internet's native money, provides the instant, global, low-fee rails for AI agents to transact with each other and with web services, creating a major new use case.

The friction in the current financial system—intermediary fees, settlement delays, and complex processes—acts like a tax paid by everyone. Crypto aims to eliminate this "tax" by creating more efficient, direct transaction pathways, akin to paving over potholed roads.

Polymarket's major backing from the NYSE's parent company validates the trend of turning all information and events into liquid, tokenized markets. This "financialization of everything" will disrupt established industries, from sports betting to traditional finance, by offering more efficient, decentralized alternatives.

The founder's vision for Solana is for it to be valued like a business, specifically a "hot dog stand." The goal is for its token's worth to be based on predictable cash flow from network fees, shifting its perception from a volatile speculative asset to a boring, stable piece of financial infrastructure.

Multicoin's conviction in Solana came from underwriting its founder, Anatoly Yakovenko. Unlike competitors focused on academic breakthroughs, Yakovenko prioritized shipping code and explicitly avoided trying to solve unsolved computer science problems. This pragmatic, execution-focused approach was the key differentiator that earned Multicoin's bet in the crowded Layer-1 race.

Beyond simple consumer payments, the most significant impact of Japan's stablecoins will be on its financial market infrastructure. By enabling real-time settlement for securities like stocks and bonds—a process that currently takes days—stablecoins can dramatically increase efficiency and reduce counterparty risk.

Multicoin's central thesis is that crypto's ultimate purpose is creating "Internet Capital Markets"—the ability to trade any asset, from anywhere, 24/7, via any software. This broad vision of permissionless, programmable finance is seen as the most significant long-term impact of blockchain, destined to supersede more niche consumer applications or "Web3" concepts.

Multicoin's Kyle Samani gave up on Ethereum in 2017 after its leadership failed to present a clear scaling plan. He perceived a culture that was "to their core culturally oblivious" to the urgent need for a solution. This perceived failure in execution and focus, at the peak of Ethereum's dominance, directly motivated his firm to aggressively seek alternatives.