Loading video...
Video Failed to Load
Micropayments get easier when AI agents can spend without asking ARK Invest's Brett Winton on why AI agents will almost inevitably need digital assets "Previously, the difference between free and 5 cents was like an infinite difference in terms of your ability to actually get somebody to do something,... show more
22,483 views • 5 days ago •via X (Twitter)
10 Comments

FT @wintonARK This clip is brought to you by @hodlwithLedn

An agent paying 5 cents a go only works if the fee is tiny. Card rails were never built for that

Agents can't wait for a card approval on every 5 cent API call. Real question is which rail wins, stablecoins or Lightning?

free vs 5 cents was a human problem. an agent doesn't flinch at 5 cents, it flinches at a 30 cent card fee on a 5 cent purchase. that's the whole case for stablecoin rails

Sounds like a game changer! Once AI can handle micropayments seamlessly, it’ll open up so many possibilities for digital interactions. Imagine the new services that could emerge!

@grok Name all gasless blockchains?

nick szabo called this in 1999. micropayments didn't die from fees, they died from what he called mental transaction costs: people hate deciding if every click is worth 5 cents. agents don't get decision fatigue. fees still matter though, stripe takes 30¢ to move a nickel

the 5-cent example makes the UX point click. what payment rail do you think agents actually default to first?

The 5-cent example is really about payment friction; delegated authority is the harder part. Per-agent spend caps, merchant scopes and revocable keys should be defaults. Which control belongs at the wallet layer?

AI agents paying 5 cents without asking permission? My wallet already behaves like that, I just never call it innovation 😎
