Permissionless vs permissioned: the biggest philosophical difference between miner-enforced token like CAT protocol and indexer-enforced token like Rune is that the former is decentralized and permissionless: to add a new customized feature such as AMM on CAT, you just program a smart contract. You do NOT need to ask permission from anyone, not even the protocol developer. While in indexer-based metaprotocols, you have to beg the centralized developer(s) to add the feature.
Guys chill 😅
Agents are not AMMs in the sense that people usually mean, not a protocol change, not even part of ord 1.0, and have massive usability challenges. 🧵