The Botcoin Boom
Posted October 24, 2024
Chris Campbell
We live in an age of miracles.
For example, the current global payment system—a modern miracle.
That is…
It’s a miracle it still works.
Most people don’t know this, but…
The foundation of modern payments—credit cards, bank transfers, wire payments—is built on a system that dates back to a time when the word “wire” was literal.
Ever heard of Western Union? In the 1800s, these guys figured out they could send payment instructions over telegraph lines. Dots and dashes speeding over copper wires.
Pretty revolutionary stuff for the time. (And it’s where we get the term "wire transfer.")
And yet, despite massive tech advances, payments today still rely on the same basic principles as those first developed for telegraph lines.
We’ve just been patching it up since. .
Yes, your credit card transaction, your bank transfer, your Apple Pay tap—they all ride on top of a rickety system never designed for the speed or scale of modern commerce.
It has too many layers. Too many fingers. Too many fees. A simple card transaction touches multiple intermediaries: card issuers, banks, processors, acquirers. Every step takes a cut—3%, plus additional fixed charges.
Many seem to think this is going to remain the status quo.
Nope. Not a chance.
The Botcoin Boom
Thing is… AI agents aren’t coming. They’re here.
And, to use these agents to their fullest potential, they’ll need to make rapid-fire payments, often for fractions of a penny.
The old-world fees are dead weight.
It would be like trying to run the internet through a rotary phone. You wouldn’t do it. You’d build something else.
That’s where we’re at today.
So what’s the fix? Crypto. Blockchain.
These decentralized networks are the new rails.
No middlemen, fees ground to the floor, and—crucially—no need for humans to oversee every transaction.
Obviously, there’s going to be resistance to this.
The incumbents don’t want to change. They’ve spent decades optimizing this system for human transactions. They’ve built layers and layers of bureaucracy and compliance to keep it working.
But now? Among other things…
AI agents will play a role in bringing on billions of billions of users into crypto.
The old ways will crumble—are crumbling—under the weight of this new reality.
Keep in mind…
AI and crypto aren’t just about automating tasks; they’re about creating entirely new economies.
And ALL of this boils down to one word: tokenization.
Tokenization transforms assets, services, and value into programmable units that can be traded on the blockchain.
And you’re going to be hearing a lot about it in the coming months.
Right now, we’re working to get ahead of the curve.
Stay tuned.
Speaking of AI…
Don’t forget to check out Davis Wilson’s NVDA update below.
And, no less, Davis reveals the secret project he’s been working on behind the scenes. He’s excited. We’re excited. And we think you will be, too.