Why AI Agents Might Require Humans to Transact More Than as You Think
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Hi, everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin. Thanks for joining this livestream. Before we get started, a quick reminder, nothing you hear on Unchained is investment advice. This show is for information and entertainment purposes only, and my guests and I may hold assets discussed on the show. For more disclosures, visit unchainedcrypto.com. Introducing Nexo, the premier digital wealth platform. Receive interest on your digital assets. Borrow against them without selling. Trade a variety of cryptocurrencies. All in one platform. No
Thanks for having us.
Yeah. Super excited to be here.
So the agenda at commerce space has seen a number of new technical offerings in recent weeks, and both of you wrote pieces this week on what that future looks like. It was pretty interesting actually because your visions differ a bit. But Noah, why don't we start with you? Describe where you think this is all headed.
Yeah, for sure. I mean, I think it's helpful to start by saying that we've seen this massive catalyst in new developers by virtue of platforms like Clawd Code. And as a result of that, I think what we're seeing is that there's this whole new demand for new services that these developers want to use. And so with the advent of new protocols like MPP and X402, what we're seeing is there's this new class of merchants, which I kind of titled headless merchants, which effectively the developer has no insight or has no idea who they necessarily are. But when they're going in and instructing their age
And Ravi, what about you? Why don't you describe the vision that you laid out in your little essay on X?
Sure. Yeah, would say broadly, I agree with that one maybe on the direction of travel. I would say maybe where we disagree is probably the magnitude of how big agent to commerce is, especially in the near term. I think my vision of, you know, how things kind of play out is it just kind of broadly fit into three categories. So one is commercial agents, and intuitively these are agents that are deployed kind of within businesses. Two, I would say you have kind of consumer agents. So these would be agents that sort of augment you know our personal lives or you know helping us buy kind of more con
Yeah. I mean, honestly, when I was reading both of your pieces, I was thinking that this will probably roll out in stages. And so even though the visions that you laid out were a little bit different, like, I didn't think either was kind of right or wrong because I was like, well, they're probably both gonna be right at different times. So maybe let's talk about just this moment right now where things are kind of getting built out because something that was interesting to me was that in both of your pieces or just in various other things that you wrote, I saw that you both referenced how stabl
Yeah, I can touch on that. No, I think, look, and I think it's very similar to the discourse that was happening a few years ago when people were talking about, well, stablecoins are going to replace all of consumer to merchant payments. And it turns out that the networks beyond a lot of the additional value added services they provide, there is a huge sort of Lindy effect where you have consumers that have been using cards for a very long time. You have merchants who've been accepting them for a very long time. And so I think it was very natural that, for example, stablecoin link cards ultimat
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