Sha: I've been in the crypto space for ten years now, and i think a lot of thee cs that are really intern right now are going to pull back. Sequoia is very deliberate with every thing we do, and we spend huge amounts of time debating every strategy change,. We debate, every seed investmentt sometimes excruciating detail but it means we make good decisions as a team rather than as individuals. And so we're constantly landscaping areas that we think are interesting, like an internal presentation that says, i think tenifas are really important. Sha: There's just two ideas about whether these opportunities are centralized companies built on block chains versus some decentralised ones.