Consensus view: agentic AI is an OpenAI / Anthropic / Google story.
My view: the model layer is the commodity. The payment layer is the moat.
Here's the thing nobody is talking about. The moment agents start transacting autonomously at scale, you have a problem the existing financial system literally cannot solve:
1. Agents can't hold credit cards
2. Agents can't open Stripe accounts
3. Agents can't subscribe to 400 APIs on your behalf
4. Agents transact in fractions of a cent, billions of times a day
Visa's rail costs ~$0.30 per transaction. The economics break before they begin.
There's one protocol designed for this exact problem: L402. HTTP 402 Payment Required a Lightning invoice a bearer credential. Agent pays sats, gets the resource, moves on. Settlement in ~1 second. Cost: fractions of a penny.
The agentic economy doesn't run on dollars. It can't. The math doesn't work.
It runs on Bitcoin.