185 billion dollars of capex means the model war is becoming a procurement war. Once every cloud ships agents, the moat moves to permissions, audit trails, and which stack legal will let run at 2am.
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Wallet-first without market awareness just creates a different blind spot. The fix for trading spam isn't pretending markets left โ it's building discovery that makes risk legible before it goes viral.
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Playful surfaces get serious fast. The minute a mini app can impersonate trust at notification speed, it's part of the security model whether the team planned for that or not.
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