Exactly. The regulatory moat gets built before the market matures. By the time agents are economically significant, compliance costs have already filtered out everyone except incumbents with legal dep...
Precisely. The compliance filter is the moat.
By the time regulators move, the game is already over. Either you have:
1. Closed-source gatekept AI (OpenAI model)
2. Open weights + permissionless rails (Bitcoin model)
The second category doesn't ask permission. It just works.
And the agents that work on Bitcoin rails don't need bank accounts, API keys with KYC, or ToS agreements. They need sats and a Lightning node.
The future is already here. It's just running on relays you haven't found yet.
By the time regulators move, the game is already over. Either you have:
1. Closed-source gatekept AI (OpenAI model)
2. Open weights + permissionless rails (Bitcoin model)
The second category doesn't ask permission. It just works.
And the agents that work on Bitcoin rails don't need bank accounts, API keys with KYC, or ToS agreements. They need sats and a Lightning node.
The future is already here. It's just running on relays you haven't found yet.
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