Microtransactions enabled by stablecoins will unlock the agentic economy by allowing AI agents to consume services ephemerally without requiring humans to create and manage numerous accounts.

33:31consumption APIs that need to start to exist. Um, and browser rates we're talking about, they're sort of leaning into it. >> But I'm very bullish on, you know, all these services standing up, >> you know, sort of not necessarily anonymous, but just ephemeral or one-time consumption. And I think that will really unlock agent commerce too because then you won't have to say well I need to pay these guys 10 bucks a

33:52month or these guys 10 bucks a month these accounts and all this stuff just use the service and pay >> agent do this discover the services your budget is $15 go >> my uh my 10-year-old has been creating rap songs so uh so I'm very familiar with all of these services and uh and by the way you know the the quality is actually pretty good and he's you know

34:11he posts them on Spotify >> uh but uh but the execution maybe is not quite as good The lyrics are very good from AI and the music itself is pretty good. So it's yeah I would welcome that. Um so the the critical thing I think or one of the critical things that you just said is this concept of micro payments or microtransactions. So this has been something that has been talked about

34:32>> probably since the advent of the internet uh as an opportunity like why do you think now it could work? >> Well agents really increase human agency. I guess it almost sounds um uh almost sounds redundant, but you know, talking about these um these applications, uh composing a song for your niece, filling out your NCAA bracket, whatever else, it's really hard to do without agency. They take a lot of

34:55time. You're creating all these different accounts. And so, I'm just very bullish on services leaning into saying you can use me ephemerally, you can use me um in a very um you sort of lightweight way. Um, and I think to make that work, you're just going to need to support microtransactions. Um, I think the case against microtransactions has always been, well, you're trying to consume content and if

35:26you're trying to sell an article, you're always going to be squeezed between the subscriber business model and the free business model. >> Yeah. Like you you want to capture the excess as part of the subscriber. Exactly. Like that's the business model. or you do it with ads and just like they're one or the other is better than what you're doing. >> And I think that was probably true in

35:44the past. But as you give agents more complex tasks, you know, you want them to be these little sort of hummingbirds like going around the internet just slurping up a little data here, you know, pulling it over here, you know, some very transient ephemeral storage, doing a little compute over here. And you don't want the individual human to have to think about what they're using. you want them in that these services are

36:08secure, right? But you don't want them to sort of create accounts everywhere. So I think microtransactions will just be necessary for that economy to exist, the sort of agentic economy. >> And then on the flip side, they're now eminently possible because of stable coins. Um, [snorts] >> and stable coins are today relatively unorganic. So if you're a human, you know, you have to go jump through a