The first principle of the crypto industry is using encryption to protect individual privacy. The first principle of the crypto market is that it’s a narrative-driven financial market. Don’t get stuck in product and tech narratives, spending every day analyzing consensus layer TPS, final confirmation time, and application layer TVL, OI, or monthly active users. Since the market’s attention and liquidity are bound to flow toward high-energy narrative metas, let’s play with the meta summoned by Naval—the OG narrative meta: crypto-punk-style privacy.