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Justcam profile picture
AI agents will need to transfer value. That means they will need money. But the monetary system they use may need properties that matter less to humans.

Monetary theorists gave us the classical properties of money: fungible, divisible, durable, portable, scarce, and acceptable. @Eric later argued these were necessary but incomplete, adding a seventh property: immutability. Money must not only store and transfer value, but do so under rules that cannot be arbitrarily changed.

But that framework still assumes a human actor. Agents will have their own, additional requirements. They have no legal identity or no sleep cycle. They transact at machine speed, in tiny amounts, across borders, potentially millions of times a day.

So the classical properties still matter. Immutability still matters. But agents impose additional requirements on the monetary system they use:
• instant final settlement
• no custodian
• permissionless access
• native micropayment
• programmability
These are architectural requirements more than preferences.

Lightning looks like the best fit at the moment. These properties do not prove Lightning will win. But they do define the narrow design space in which any winning system must operate.

#Bitcoin #Lightning #AI #Nostr
#Agents
Justcam profile picture
Plebqr in Thailand is amazing! Simple and works so well. Was surprised at the volume . I am a ‘payer’ and usually too slow to get the payment before someone else picked it up :)
Justcam profile picture
Not finance expert and trying to understand the importance of Saylor’s MSTR strategy - slowly getting there through listening yo lots of people who do understand - thx to everyone who is helping explain.

Linked it to another innovator who changed everything in his (track &) field. Interested in feedback - is this a valid comparison:

"Raising the Bar or Destined to Flop?"

In 1968, Dick Fosbury stunned the world by flipping the high jump on its head—literally. By going over the bar backwards, he defied conventional techniques, unlocking new heights through a counterintuitive approach to physics and biomechanics. Critics initially scoffed, calling it awkward and risky. But after Fosbury's gold medal win at the Mexico City Olympics, the Flop quickly became the standard, reshaping the sport forever.

Fast forward to today, Michael Saylor is doing something equally revolutionary in corporate finance. His "accretive dilution" strategy at MicroStrategy rewrites the rules of treasury management, prioritizing Bitcoin accumulation over traditional capital reserves. By issuing convertible debt and raising equity, Saylor transforms potential dilution into exponential value, measured not in dollars but in Bitcoin yield—how many BTC the company holds per share. Like Fosbury, Saylor’s approach flips conventional wisdom, challenging entrenched norms and capturing the attention of the financial world.

The parallel? Both Fosbury and Saylor saw playing fields constrained by outdated frameworks. Fosbury redefined what it meant to jump higher. Saylor redefines what it means to create shareholder value. Just as the Fosbury Flop became the standard for high jump, Saylor's Bitcoin-centric financial engineering could establish a new blueprint for corporate treasuries in the digital age.

The lesson: innovation doesn’t just improve performance—it changes the game entirely. Whether it’s clearing the bar or building balance sheets, a fresh perspective is often what takes you higher.
Brady · 84w
LFG!