If the future Internet evolves into a marketplace where AI agents pay each other for services, then to some extent, cryptocurrencies will have achieved product-market fit on a mainstream scale—something we could previously only dream of. While I am confident that AI agents will pay for services, I remain skeptical about whether the bazaar model will prevail. By "bazaar," I refer to a decentralized, permissionless ecosystem composed of independently developed and loosely coordinated agents. Su...

If the future Internet evolves into a marketplace where AI agents pay each other for services, then to some extent, cryptocurrencies will have achieved product-market fit on a mainstream scale—something we could previously only dream of. While I am confident that AI agents will pay for services, I remain skeptical about whether the bazaar model will prevail. By "bazaar," I refer to a decentralized, permissionless ecosystem composed of independently developed and loosely coordinated agents. Su...