The AI Agent & Memecoin Thesis | Pantera’s Matt Stephenson

Bankless

[email protected]

Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 30 October 2024

⏱️ 81 minutes

🔗️ Recording | iTunes | RSS

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Summary

The collision between crypto and AI agents has officially begun. Matthew Stephensen of Pantera Capital research partner and author of “Crypto: Picks and Shovels for the AI Gold Rush,” joins us today.

We dive into the world of autonomous AI agents on blockchains, discussing the evolving role of agents, AI-driven market changes, and whether blockchain is the natural substrate for AI. Matt sheds light on topics from agent liability and regulatory challenges to infrastructure value capture and the "picks and shovels" approach to investing in AI-driven crypto tech.

Are AI agents on blockchains the obvious future? And how do scarcity and abundance interact in this new era? Join us as we tackle these questions and more, exploring what the future might hold at the intersection of AI, autonomy, and blockchain.

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TIMESTAMPS

0:00 Intro
5:34 Crypto x AI Narrative Shift
6:39 AI & Economic Agents Explained
11:50 GOAT Memecoin Summary
23:15 Were AI Crypto Agents Obvious?
25:18 Luna AI Token & Terminal
29:41 Consequences? Is This Life?
33:27 Exciting Use Cases
40:27 Sam Altman Quote Importance
42:33 Wealth Generation Process & Blockspace
48:15 Programmable Money & Agent MEV
56:14 The AI Agent & Memecoin Thesis
1:03:03 Government & Society Reaction Predictions
1:11:09 No Off Buttons?...
1:13:40 DePin & AI
1:16:45 AI Agent Blockspace Demand
1:19:15 Closing & Disclaimers

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RESOURCES

Matthew Stephenson
https://x.com/stephensonhmatt

Crypto's Role In The AI Revolution
https://panteracapital.com/blockchain-letter/cryptos-role-in-the-ai-revolution/#crypto-ai-gold-rush

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Transcript

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0:00.0	Welcome to Bankless where we explore the frontier of internet money and internet finance.
0:06.0	And once again, the AIs are ahead of even the humans exploring the frontier.
0:11.0	This episode is going to be all about AI agents on chain because where we once had
0:15.6	bots transacting on our blockchains, running our smart contracts and doing all these
0:19.5	bought things, some of these bots are getting a little smarter and they are now perhaps evolving into AI agents.
0:25.6	What's going on? What triggered it? What happens next? We have Matt Stevenson on the
0:30.4	podcast today. He's got a PhD in behavioral economics, which I think is highly appropriate because game theory exists for AI agents and humans alike.
0:38.7	This is the AI agent thesis, if you will. It's definitely been going around in the current event
0:43.1	cycle with this goat meme coin but just like how Bitcoin spawned an entire
0:48.2	industry we kind of think that the goat meme coin is kind of doing the same.
0:52.0	We had so many questions going to this
0:53.8	episode so one is when we say AI agents what does that even mean in the first
0:58.5	place and I think Matt gives us a good definition of that then we get into the
1:02.1	goat meme coin and that AI agent case also
1:04.5	something called Luna. So if you're not familiar with what's going on the AI agent
1:08.9	world we get you up to speed there and then we also ask Matt what are the beneficiaries of this like
1:14.9	what blockchains will benefit what are the investable assets we can look at if
1:18.7	the AI agent thesis says there's going to be an explosion of this type of utility on chain and finally we talk about some of the
1:26.1	societal ramifications right imagine we're creating AI agents and now with crypto they are
1:31.3	decentralized they are autonomous they don't have an off switch.
1:34.3	What does all of that mean?
1:35.7	Before we get into the episode a message from our friends and sponsors over at
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