2 docs tagged with "Economy"

AI changes the economy by changing coordination costs. It substitutes for some tasks, complements others, and creates new transaction rails where agents can search, negotiate, buy, sell, and verify intent. The window to act is now — early movers shape the rails everyone else will pay to use.

The right questions to ask about AI and crypto as economic forces — endogenous or exogenous, who captures the rents, where adoption breaks.