PANews reported on June 15th that Jason Rosenthal, Operating Partner of a16z Crypto, wrote on the X platform that cash flow is the moat. The best companies are often built by placing themselves within a "cash flow," and cryptocurrency is the first modern technology born for this. If your startup hasn't yet designed its products and business models around these principles, you're missing out on a golden opportunity. Thanks to stablecoins, money and value can now flow at internet speed—global settlement, 24/7 uninterrupted operation, and end-to-end programmability.

Railway companies don't make money from locomotives, but from the ton of cargo that crosses the tracks; Visa, Jane Street, and other companies are all in the flow of funds. This flow of funds, combined with network effects, is one of the most enduring business structures in history. Traditional financial services offer significant profit margins, and processes such as payments, custody, lending, foreign exchange, settlement, and market making can all be compressed. Crypto entrepreneurs have the opportunity to build programmable, instantaneous, and global next-generation flow of funds businesses. This model can also be extended to computing, the GPU market, AI training data, energy, robotics, space, rare earth metals, and other fields. Founders should ask themselves: Are you in the flow of funds? When the value of your product activities increases tenfold, does your revenue increase accordingly? In your target market, where is the most profitable segment relative to the value created?