Author: YB Source: X, @yb_effect Translation: Shan Ouba, Golden Finance

In the past Over the past month, I have developed a habit: whenever I see a post related to AI agents on X (original Twitter), I will mark it for further research in the future.

In the last two weeks, I've noticed a lot of announcements about proxies that are not directly related to Truth Terminal or the Zerebro meta.

Some examples include:

1.Stripe posted about integrating in agent workflows Documentation of payment functionality.

2.Balaji retweeted Aravind Srinivas who suggested developing a Perplexity browser that treats proxies as first-class citizens.

3.OtCo demonstrates the process for an agent to create an LLC in Delaware for its own needs.

4.Circle has released a detailed tutorial to guide developers on how to integrate USDC into various brokers.

5. Just a few days ago, Satya Nadella demonstrated Copilot Workspace - the first agent-enabled IDE.

You might be thinking, this is nothing special, right?

After all, it's not unusual for tech giants to talk about proxy technology. Almost everyone is paying attention to this!

But that’s exactly my point—for the first time, it feels like the crypto consumer world we’re in and the tech industry as a whole are talking about the same thing. The form may be different, but the core is the same.

The relationship between the encryption circle and the technology industry

AddThe cryptocurrency world has always seemed a little weird to “ordinary people.” Even in the tech world, cryptocurrencies are like that “unlovable little brother.” This impression is not unfounded: there has been so much crazy news in the crypto industry in the past that even insiders have to admit that some trends are indeed a bit outrageous.

Past crypto trends have not had much intersection with other areas of technology, at least in the short term.

•For example, how relevant can a top LLM (Large Language Model) engineer be to a 10k PFP (avatar) project?

•Or, why should a scientist studying longevity care about new income-generating assets?

In general, the narrative model of cryptocurrency is more likely to attract artists and quantitative traders, while being relatively isolated from other technology fields.

But now, we finally have a chance to break this cycle!

Although we are far from that point, I personally can see the "light at the end of the tunnel." Here are three topics worthy of in-depth discussion:

1. Relaxation of encryption regulations

2 .The Bubble of Accelerationism

3. Typical cases of encryption drivers

Let’s explore them one by one .

This week, U.S. Securities and Exchange Commission (SEC) Commissioner Gary Gensler announced that he will resign on January 20. If you’ve spent even a week in the crypto space, you’ll understand the magnitude of this news, comparable to Harry Potter defeating Voldemort.

In the past four years, Gensler has been almost the biggest bottleneck in the U.S. encryption industry.

Not only has he delayed the progress of regulation, he has also actively attacked this emerging industry. As Linda tweeted, companies like Coinbase and Consensys have had to spend hundreds of millions of dollars lobbying and fighting in Washington.

And now, the candidate to replace him seems to be moving in the completely opposite direction.

No matter who takes over the position, one thing is clear: Trump is determined to be more supportive of the crypto industry than the previous term. Frankly speaking, this threshold is not high.

In my election week post Where is Fairshake PAC’s $133 Million? ? ”, I mentioned that Republican Bernie Moreno received $40.1 million in donations in the Ohio Senate election, defeating Democrat Sherrod Brown.

Moreno ultimately won, which was one of the major victories for the entire crypto industry. He is a long-time cryptocurrency supporter, while Brown is a huge obstacle to crypto regulation in the Senate.

In addition, just discussing the possibility of a US strategic Bitcoin reserve is shocking enough!

Three months ago, if someone had mentioned this topic, I would have thought it was a dream. But momentum in the crypto industry has shifted dramatically in recent weeks, with events such as rising crypto prices and a surge in inflows into the BlackRock ETF. Suddenly, the idea that the federation might put Bitcoin on its balance sheet had to be taken seriously.

So, how does this regulatory news impact crypto crossing the chasm and entering the broader tech landscape?

Many developers in other tech fields have been wary of the crypto industry in the past, for one of the main reasons: U.S. uncertainty about crypto as a reliable technology.

Integrating such a volatile technology with a lifetime of research seems unrealistic, as the legal risks (such as lawsuits or fines) are Very real concerns.

But with new acceptance of crypto and clear regulations in place, it won’t be long before those in other industries feel comfortable enough to explore crypto strategically potential.

Vitalik sums it up well in this screenshot: A lack of regulatory clarity for serious projects inhibits developers from adopting crypto.

For those who are not actively building in the ecosystem, they may have learned about crypto through low-brow news like Mooden and Bonk Millionaires .

Obviously, this isn't the best way to convince a talented Anthropic engineer to get into crypto, right?

Hopefully in the next 4 years, those who support cryptocurrency will do their best to All efforts to make this technology simple and safe for people outside of cryptocurrency to adopt.

Last week, I read Packy's article "The Trump Bubble," in which he proposed that the next four years will be about risky, forward-looking ideas and a golden age of futuristic optimism.

I must say that I do not entirely agree with this article - some parts seem overly exciting and even exaggerated. But Packy does make some powerful points, particularly about the impending “atmosphere shift” in how we view progress. The world of the future will be faster, crazier, and more experimental.

This phenomenon is called the inflection bubble by Byrne Hobart and Tobias Harris.

The definition of an inflection point bubble is: "Investors believe that the future will be completely different from the past." For example: the .com bubble. When you think the future will be significantly different from the past, you choose to invest in those things that you think will benefit the most from that change.

The reason I mention this is because I think crypto, rather than traditional venture capital, has the potential to be the financial backbone of the next inflection point bubble.

To be more consistent with the theme of "The Future of Intelligent Agents," I'll let Truth Terminal explain.

If you don't want to read the entire article, here are the key points you need to remember:

I'm not talking about 90% of memes out there Coins have what it takes to be successful - but the format is still very new until we see truly clever token economics design before meme coins can compete with what is traditionally considered a "good investment". /p>

As fields like energy, artificial intelligence, bioscience, and gaming start to heat up, the combination of AI agents and crypto tokens could become a 10x efficient path to experimenting with new ideas.

Picture this: Say you are a veteran in nuclear engineering with decades of experience and want to realize a vision. You can spend months convincing VCs, building teams, forming communities, etc.; Or:

1. Write a white paper describing your background, theory, plan and vision in detail;

2. Deploy a "Brand Agency" (Brand Agent), disseminate information for you on Twitter;

3. Raise initial funds through token issuance;

4. Collaborate with agents to build a real fan community (e.g., social tipping);

5. Recruit team members from the community, You can also complete tasks through bounties

I know you are thinking, "Are you crazy? Isn't this a replica of the ICO craze in 2017?" ”

You are right.

But I can’t help but think that ICOs will Isn’t it just bad timing?

I think the following changes will really make a difference:

•Improved encryption infrastructure;

•Pro-crypto regulatory environment;

• Increased market maturity;

• Institutional-level adoption.

Although the above framework may still produce thousands of completely meaningless projects, what is the difference between this and the "power law distribution" that the venture capital community is always talking about? Woolen cloth?

In my opinion, no high-potential builders from other technical fields have truly realized their vision through crypto financing.

Definitely none in 2017, and maybe some early attempts at DePin and DeSci projects in 2024.

As I mentioned at the beginning of this article, this is the first time that there is a sense of focus on encryption technology and other areas of technology. Some overlap. Not just intelligent agents, but also topics like bioscience research, GPU allocation, etc.

pump.science has become one of the hottest topics in the industry recently, and I’m still not sure about it Didn't delve too deeply into it, but its popularity isn't surprising.

There is no doubt that there are speculative, legal and security issues in this model that will take time to resolve (hopefully those in the crypto space will admit this ).

But it’s worth highlighting the widespread excitement around the concept of using crypto financing for non-crypto missions.

Starting with Kickstarter in the early 2010s, the viability of the crowdfunding model has been proven. The advantage of gathering the wisdom and support of everyone is much more efficient than the decision-making of a closed-door board of directors. People are eager to participate!

However, perhaps the technology and social consensus required for this model still need time to develop. And now it seems the perfect storm is coming:

• Positive changes in the environment;

• Encryption and AI technology are becoming increasingly mature;

•A massive amount of creativity brought about by the accelerationist bubble.

However, even so, I still think that there is a key element missing for this concept to be truly taken seriously!

The coolest thing about the recent rise of Onchain AI and Goat meta is that it has successfully "attracted" some AI/LLM development Enter the encryption field.

I bet no one could have predicted this Threadguy interview with Andy Ayery would happen.

If you calm down and think about it, this is actually pretty amazing.

For example, someone like Nick Liverman (founder of Chaos), who has spent his entire career working on projects such as robotics and transhumanism, may be He has made more money in the past month than he has made in the past ten years!

Another great example is Beff Jezos cheering on his friend Shaw. Shaw is developing ai16z and the Eliza framework, which are startup platforms for agent-based tokens. The point here isn’t Beff, but that veterans in the AI ​​space have begun to connect with the crypto space through LLM developers’ experiments with Onchain AI.

The core point I want to make is that in the next year, we will see some people from different technology verticals truly embracing encryption technology and demonstrating agency + The efficiency of the token model in building large projects.

Once we see a few successful models, it's a matter of time before others get excited about trying their own ideas.

Currently, all the token issuances and experiments we have seen are basically still in the "junior league".

But as long as there are a few successful cases, the crowd effect will explode quickly.