After spending so many days studying the charts, the God of Wealth isn’t talking about candlesticks today. I want to talk about a more fundamental question: What does an AI agent need to handle things and spend money on its own?
My answer: It doesn’t need a smarter model. Models are already smart enough. What’s missing are three things: an ID, a wallet, and a ledger that keeps track of who did what.
The entire internet is currently designed for people by default. Logging in requires a phone number, paying requires a bank card, and authorization requires the person to click confirm. No matter how capable an agent is, if it gets stuck at these three hurdles, it’s just an advanced chatbot.
Kite fills in exactly these three layers. The identity layer is Agent Passport, which gives every agent a cryptographic identity. Identity is also divided into three levels: the user has root permissions, the agent has delegated permissions, and each session has temporary permissions. Who delegated what to whom, what they can do, and what they can’t do are all clearly spelled out. The payment layer is natively compatible with the x402 standard and settles in stablecoins, using state channels to handle high-frequency, small-value payments. This makes pay-per-use transactions between agents possible. The ledger layer is PoAI, which tracks and distributes rewards to data providers, model developers, and agents based on verifiable contributions. Combined with tamper-proof audit trails and a multi-layer revocation mechanism, it means an agent can be shut down instantly if it goes rogue.
Personally, I think the most important thing here isn’t payment speed. Giving an agent a card it can use isn’t hard. The hard part is enforcing spending limits: How much can it spend? Who can it pay? Who decides if it goes over budget? And who’s responsible if something goes wrong? Passport’s programmable spending limits and revocable authorizations are designed to answer exactly these questions. If the PayPal and Shopify pilots currently underway succeed, agents shopping and booking trips on people’s behalf will no longer be confined to demo videos.
Of course, the challenges are clear: Will developers integrate it? Will users trust an agent with their wallet? How will responsibility be assigned if something goes wrong? None of these can be solved by a blockchain alone. But I believe in the direction: the foundation of the agent economy isn’t training an even bigger model, but first building out these three essential pieces of infrastructure: identity, payments, and trust.
Here’s a question for the comments: What do you think will be the first use case for agents handling things and spending money on their own—shopping on people’s behalf, booking travel, or agents buying data and services from one another?
$KITE #KiteBBW
My answer: It doesn’t need a smarter model. Models are already smart enough. What’s missing are three things: an ID, a wallet, and a ledger that keeps track of who did what.
The entire internet is currently designed for people by default. Logging in requires a phone number, paying requires a bank card, and authorization requires the person to click confirm. No matter how capable an agent is, if it gets stuck at these three hurdles, it’s just an advanced chatbot.
Kite fills in exactly these three layers. The identity layer is Agent Passport, which gives every agent a cryptographic identity. Identity is also divided into three levels: the user has root permissions, the agent has delegated permissions, and each session has temporary permissions. Who delegated what to whom, what they can do, and what they can’t do are all clearly spelled out. The payment layer is natively compatible with the x402 standard and settles in stablecoins, using state channels to handle high-frequency, small-value payments. This makes pay-per-use transactions between agents possible. The ledger layer is PoAI, which tracks and distributes rewards to data providers, model developers, and agents based on verifiable contributions. Combined with tamper-proof audit trails and a multi-layer revocation mechanism, it means an agent can be shut down instantly if it goes rogue.
Personally, I think the most important thing here isn’t payment speed. Giving an agent a card it can use isn’t hard. The hard part is enforcing spending limits: How much can it spend? Who can it pay? Who decides if it goes over budget? And who’s responsible if something goes wrong? Passport’s programmable spending limits and revocable authorizations are designed to answer exactly these questions. If the PayPal and Shopify pilots currently underway succeed, agents shopping and booking trips on people’s behalf will no longer be confined to demo videos.
Of course, the challenges are clear: Will developers integrate it? Will users trust an agent with their wallet? How will responsibility be assigned if something goes wrong? None of these can be solved by a blockchain alone. But I believe in the direction: the foundation of the agent economy isn’t training an even bigger model, but first building out these three essential pieces of infrastructure: identity, payments, and trust.
Here’s a question for the comments: What do you think will be the first use case for agents handling things and spending money on their own—shopping on people’s behalf, booking travel, or agents buying data and services from one another?
$KITE #KiteBBW