Why Did Pantera Invest in Surf? Host @thatdegenvc interviewed @0xfishylosopher from @PanteraCapital to learn his views on intelligent commerce, encrypted AI, and the future of Surf. Timestamps: 0:00 Introduction 1:08 Why Did Pantera Invest in Surf? 4:16 Consumers and Infrastructure 5:57 Is a Product Like Surf Worth a $15 Million Investment? 7:49 What is Pantera's Jay Yu Focused On? 11:33 Low-Cost Mortgages 14:26 Revenue Meta-Analysis 16:20 What is the Nature of Encrypted AI? 20:27 Why Are Vendors Adopting the x402 Protocol? 22:49 The Future of Intelligent Commerce 24:39 Trust Proxy 28:08 The Current State of Venture Capital 31:25 Jay's Predictions for 2025 (Review)