This is the dawn of mass unemployment (or abundance, however you choose to word it), you purport to see what's coming, and your newsletter about crypto has no mention anyplace of UBI - possibly the only actual use-case Crypto has ever had, outside of organised crime?
Come on a16z! Time to change those batteries in your crystal ball!!!
My thesis with AI is that the cost of knowledge work will trend down as certain types of it become workflows at the end of API calls. In these cases I think stablecoins could solve the problem of the credit card fee spread and allow businesses (agents) to transact directly in the $0.01 - $0.30 range that the credit card processors make impossible. Absent that ability, you're relying on an intermediary platform to pool transactions in order to get around those minimums which doesn't feel like a sustainable moat to me.
Is a payment processor going to step in and provide stablecoin transactions to its customers (and their agents)? Betting on transaction volume over size when trying to capture this future market?
Elsewhere I wrote about "Corporations as an API" and at some point some forward-looking state is going to provide that and a rash of registrations will occur that will unlock all of this.
Strong take on privacy as the moat rather tahn just another feature. The bridging problem between private zones is clever thinking most people miss. But I wonder if the winner-take-most dynamic holds when institutional users care more about regulatory complience than pure privacy gains.
KYA + reputation system: can be a unified system that gives every AI agent a verifiable identity, enforceable permissions & trust score based on real behavior — allowing organizations and platforms to safely transact with autonomous agents at scale. In short, Trustworthy Agent Ecosystems with higher throughput.
This is the dawn of mass unemployment (or abundance, however you choose to word it), you purport to see what's coming, and your newsletter about crypto has no mention anyplace of UBI - possibly the only actual use-case Crypto has ever had, outside of organised crime?
Come on a16z! Time to change those batteries in your crystal ball!!!
> The invisible tax on the open web
Ted Nelson is rolling in his grave after this confirmation that royalties are necessary.
My thesis with AI is that the cost of knowledge work will trend down as certain types of it become workflows at the end of API calls. In these cases I think stablecoins could solve the problem of the credit card fee spread and allow businesses (agents) to transact directly in the $0.01 - $0.30 range that the credit card processors make impossible. Absent that ability, you're relying on an intermediary platform to pool transactions in order to get around those minimums which doesn't feel like a sustainable moat to me.
Is a payment processor going to step in and provide stablecoin transactions to its customers (and their agents)? Betting on transaction volume over size when trying to capture this future market?
Elsewhere I wrote about "Corporations as an API" and at some point some forward-looking state is going to provide that and a rash of registrations will occur that will unlock all of this.
Strong take on privacy as the moat rather tahn just another feature. The bridging problem between private zones is clever thinking most people miss. But I wonder if the winner-take-most dynamic holds when institutional users care more about regulatory complience than pure privacy gains.
KYA + reputation system: can be a unified system that gives every AI agent a verifiable identity, enforceable permissions & trust score based on real behavior — allowing organizations and platforms to safely transact with autonomous agents at scale. In short, Trustworthy Agent Ecosystems with higher throughput.