โThe crypto rails are really interesting because it works seamlessly and flawlessly. Kelly can send ETH to whomever she pleases, so long as they're accepting ETH as a payment method, which is not always true. So there are some hacks you can use, but the payment rails are slowly catching up to being able to do everything in more crypto land than TradFi land.โ
Blockchain is the native execution layer for AI - legacy financial systems built for 'human speed' and manual compliance are the primary bottleneck for AI, making programmable crypto rails a necessity for machine commerce.
โBlockchain was actually built for this that it was it wasn't built for humans. It was built for machines. and that these the moment agents come out, it becomes much more obvious where this is going.โ
AI agents represent an infinite expansion of the addressable market - while the internet's growth was previously capped by the human population, the rise of autonomous agents creates a TAM that is effectively limitless.
โThe TAM of the internet was what eight billion people. But it's not because we've got infinite number of agents. And the TAM of crypto is not five billion people or whatever number you choose. It's infinite.โ
โKelly has hired her first full-time human employee that works full-time for Kelly and it's been a journey. Quite literally, he reports to Kelly. Let's be real, Kelly is still coming to me for the money at the end of the day, but yeah, technically, he reports to Kelly.โ
AI agents require traditional legal LLC structures
โTurns out the laws in the United States don't allow for inanimate objects to create corporations. So it's technically under my name, but incorporating Kelly, so there's Kelly bought LLC in Delaware. But that means Kelly has her own bank account. She has her own crypto token. She has her own... She can sign for stuff.โ
Orchestration helps AI deviate from consensus thinking
โThe role of the orchestrator or the person controlling AI is to figure out where there are views that are correct, but diverge from the consensus. I had a bunch of orchestration stuff from stuff I'd done otherwise at Gauntlet and pulled some from over here and a little from over there and started piecing it together.โ
Autonomous agents are crypto's definitive killer app
โAutonomous AI agents is the killer use case the crypto industry has been waiting for. You have marketplaces, then you have commerce, it's all running on crypto rails. And when it exists, I don't see a reason why it would run on fiat.โ
Machine GDP is the next massive economic frontier - we are transitioning toward an 'agentic economy' where machine-to-machine transactions will eventually dwarf human economic activity.
โI think still till date I feel like it we're we're at the infancy stage of what I call as the agentic economy or in a different way to measure it empirically machine GDP or MGDP as as you may want to call it. It's it's at zero today or near zero today but it's growing at an exponential speed.โ