Mike Amundsen has been writing about hypermedia, REST, microservices, and the semantics of the web for the better part of two decades. In this conversation we walk the lineage — Paul Otlet, Ted Nelson, Wendy Hall, Leonard Richardson — through hypermedia and into the contemporary conversation around capabilities, affordances, and agentic systems. Mike makes the case that capabilities are not just an architectural pattern but a worldview: the ability to do something, made meaningful through ontology, taxonomy, and choreography. Along the way we talk about what the web has become, why microservices still matter, what "agency" really means in an agentic system, and how to stay grounded — and keep your spark — when the hype cycle pulls everyone toward whatever today's tulip happens to be.