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DECRYPTED: Episode 23 - Fear Greed, and the Future of AI
Recorded: March 25, 2026 Duration: 0:48:40Space Recording
Full Transcription
Oh, good morning, good evening and good afternoon. Stan jumped the gun.
Yeah.
How are we all doing? We're back. We had a little break. We had a one week break.
You know, sometimes we, you know, we just got to take a chill pill.
You know, we had a lot going on, you know, we're busy.
We're diving deep.
And one of those things we are actually going to be talking about today, Open Claw.
The world is waking up.
Billion-dollar businesses are jumping into this idea of a new operating system,
a new way to live in the world of technology.
And, of course, we'll also be taking a little jump and taking a look at the market.
Obviously, many, many things are going on there.
But before we dive into everything, you know what we got to do?
We got to take a look at my beautiful guest, my co-host, Mr. Jack O'Holloran.
How are you doing, man?
I'm good. I'm good. I'm, you know, excited to talk about this.
So Stan, every week we're trying to figure out what should the topics be. And Stan and I were just having this long talk about all the stuff that with open call. I
was like, why don't we just talk about this on the show? Big week, excited to talk about it.
I was traveling last week too. So also excited to be home and back on the show. Good to see everyone.
100%. Stan, busy man, man busy man what you been up to
how you doing yeah i i'm i'm clipping my clothes you know everything is now being rebranded with
clothes and uh like sea creatures and crabs and you name it lobsters
love it love it i i do wonder does anyone actually know why it was called lobster claw or like,
you know, uh, the claw?
Open claw.
I think that it was a brand, uh, brand dispute.
So essentially the guy, the founder of open claw, essentially cloned, cloned
desktop. open claw essentially cloned cloud desktop so there was software cloud desktop which was kind of popular but nothing like open claw so it was a proprietary software and the founder of open claw
just didn't want to have brand disputes with uh yeah he's cyst. It was like OpenClawed was the initial name.
Right?
I see that.
I think it was like a real stuff.
He started getting letters from Anthropic
saying, you can't say Claude.
He's like, is this his name?
And then he finally like, yeah.
And then two days ago,
Anthropic pretty much released a carbon copy
of OpenClaw, which is funny.
Which I got to say, great branding works out this way.
Like some big companies like we're going to stop them.
And then now like look at this.
Claw, claw.
Like they created a marketing machine.
They should have just let it be OpenClawed and they could have, you know, brought it internally.
100%. 100%.
People are weird out there.
But guys, massive week in the news of Argentic AI
and the likes of OpenClawed and things like that.
So without further ado, let's jump straight into it.
Yeah, yeah, let's get going here.
And hey, always like to remind people,
we talk about crypto and AI. Why are we
talking about both? Because they're meant for each other. And that's what we're working on.
So we're dealing with agents. We deal with this every day. We talk to AI companies every day.
We believe AI companies, AI agents are going to need crypto rails in order to make quick,
fast, seamless payments. So tying that together, because there's always some people out there
that are like, what are you guys doing?
We got those people.
All right, so huge week.
So Stan's going to go really deep on this,
but hey, there's a bunch of software changes.
There's a huge NVIDIA partnership.
There was a security issue that happened.
And then also just went nuts in China,
like a gazillion downloads,
all this stuff. Last thing from me, and then I want to hear what Stan has to say,
NVIDIA announced the Nemo Claw stack. And the quote is, Open Claw opened the next frontier of
AI to everyone and became the fastest growing open source project in history.
That there in itself is crazy.
The fastest growing open source project ever.
Mac and Windows are the operating systems
for the personal computer.
Open Claw is the operating system for personal AI.
All right, there we go.
Excuse me, there we go.
Man, my allergies are ripping.
Okay. Anyways, and the only other person I've heard say that before I read that,
this was Stan also talking about how this is the operating system in the future.
So Stan, what's going on, man? What's going on with OpenClaw?
Yeah, I'm just back from programming OpenClaw.
And I can tell you, Jack, you know, we kind of pretty much had the entire engineering rebooted.
So we have, like, basically we are rebooting the entire scale to be OpenClaw kind of direction for AI.
And I'm going to talk about one project today.
We have multiple projects going.
We kind of really, really, like, reacted big to OpenClaw.
But I'm going to talk about one project today.
But OpenClaw, why we got so excited, it was like a chat GPT moment. You know, like, remember,
like chat GPT went to like 200 million users within like months. So OpenClaw is actually bigger.
And so there was like this chat GPT moment, but there is this open claw moment and my theory is that
it's pretty radical i think open floor is way bigger than chat gpt so i can give analogy it's
like you know there was windows and there was ibm and like basically you know you remember the
history there was this situation where ibm was selling, the PC, and they kind of needed software.
And then they gave this, you know, contract to this guy just to write this basic programming
language in MS, DAS operating system.
And they literally thought the guy was a loser.
But then Microsoft became way bigger than IBM.
The software on top actually turned out to be way bigger than the engine.
So if IBM PC is an engine, the software on top was Windows.
And then what happened was there were many other engines like PC compatible computers
like Dell and Hewlett-Packard, you name it, right?
But then Windows became way bigger than all of these guys because they were like engines
that are just hidden.
Very much the same as OpenClaw. But then Windows became way bigger than all of these guys because they were like engines are just hidden.
Very much the same as OpenClaw.
OpenClaw uses ChatGPT as engine.
It can use Gemini as an engine.
It can use Claw as an engine. It makes all of these guys like commoditizes them, making their business really commoditized
because it can kind of switch things under the hood
and you don't care what's inside. And so for Cloud or for ChatGPT or for Gemini, it used to be
that they were all like closed software like soup and they were just providing some services to
their users. Now OpenClaw is basically is like open system. It's
like Linux. So instead of you using Gemini, using ChatGPT, you literally can build your own
and mix and match. You can change anything, essentially. When you're using ChatGPT.
Let's go back one step. There's a lot of people listening that are probably like,
hey, I kind of know what OpenClaw is. I kind don't what is it describe it in the simplest terms what is it yeah it's an incredibly
simple software essentially it's a clone of chat gpt there's no nothing absolutely nothing very
much different between chat gpt and open claw the only difference is that ChatGPT is run by
OpenAI,
and you run
it yourself on your home computer,
but the engine,
you're still using OpenAI like
the number crunching engine, because
OpenAI provides this API
for this number crunching, for this LLM.
All of the heavy lifting is provided by OpenAI provides this API for this number crunching, for this LLM. All of the heavy lifting is provided by OpenAI.
So it's like having your own GPU and playing a game on your own computer versus playing game on the cloud.
You run it basically yourself, but we're still using the engine from OpenAI.
So you basically can compete with OpenAI as a product,
Chelsea PT as a product, by using OpenAI engine.
You kind of take the product away from them but still use their engine.
And then there are competing number crunching engines from OpenAI.
You can pay for number crunching engine from OpenAI. You can pay for number crunching engine from open AI, you can pay for number crunching engine from Gemini, but they're kind of the same, you know,
there may be some like quality difference a little bit, but you won't notice. So they're totally
commoditized. Essentially, let me go a little deeper there. So OpenClaw is this thing that lets the agents kind of act in your computer as if it's you, your operating system, as if it's a human.
It's like this translation layer.
But underneath, are you saying you could connect it to Gemini, you connect to Empropic, you can connect it to ChatDT.
So you can connect to these other things.
And it's this like middle, it's this piece between the LLM
and you and the world. Is that
correct? Absolutely.
Absolutely.
Yeah, totally. With chat GPT,
with chat GPT, chat GPT
doesn't have access to your data,
to your home computer, to your
whatever, lamps in your apartment,
right? You interact with
chat GPT only through the chat box, right?
Doesn't have any access to any of your information.
Anytime when you need to use your information,
you have to upload it.
It's not very nasty.
Every time you have to provide that information to ChatGPT,
you upload it through the UI to them, like a file.
Yes, ChatGPT forgets it too, right?
Yeah, and forget it and stuff.
And this thing just has potentially access to all of your information.
It just runs on your machine, so it has access to all of your files
and everything you have.
But in addition to that, it actually can potentially do like smart home,
connect to all of the devices you have.
It literally runs on your computer.
But then what's important, it introduces, oh, that's kind of part of it.
But the part of it which is also important is kind of introduces competition
because essentially it hides also chat GPT from you or Gemini and whatever,
and make these guys commoditized by creating this UI on top of all of them.
So there's another component.
This component of being, you know, like accessing all of your data, being able to do anything on your computer,
but there's also a component of commoditizing this guy.
And the third component, which is really important,
is being able to be extensible.
You cannot modify ChatGPT.
It's provided as is.
You cannot modify Gemini.
But with OpenClock, you have something
which is called OpenClock skills, which essentially is like apps that anyone can develop. So product which has applications anyone can install versus
chat GPT being a closed system where they give it you something you cannot modify it you cannot do
new things with it for instance with open claw you can connect to your home devices right you
can actually see information from your smart home whatever you can modify it the way you want and
that's a big thing so So it's totally open.
And I think also there's another component which is really interesting,
is really important. In China, the reason there was this crazy stuff happening,
it went crazy. Now in China, people pay other people to install OpenClaw
because they wanted so much, but they don't know how to install it.
So there are basically people getting paid to install open-clothed people.
That's, by the way, a huge security risk,
because you're letting somebody else install something that runs your whole life.
They're like, I think I'll leave a little back door.
And so there is this interesting thing, which is, like we discussed in the past,
you know, like virtual girlfriend, virtual boyfriend,
people being psychologically connected to AI.
And that's in many cases where it's good.
So there's the psychological component,
incredibly important,
of creating psychologically
your own creature that you own.
It's your pet, it's your friend.
So there's something
with ChatGPT.
It goes and talks to other pets.
Right.
And if you think about this,
remember what happened
with ChatGPT 4.0
when people treated it as pet
and then open eye removed it.
They killed.
There are many people
emotionally attached to ChatGPT 4.0, I think, whatever.
And then they just killed it.
Well, if you have open claw, no one can kill your pet.
So there is this sense of ownership.
And I think this is incredibly important.
This is for the future.
So this will involve into coexistence of AI and humans,
where there will be this more and more psychological bond
and we're gonna have a different society and it's happening.
We see it happening really fast.
So this thing, Claude cannot do it
and TGPT cannot do it because they're proprietary,
but this thing is ownable by people,
not by companies.
Yeah, because it's open source, right?
It's open source.
So tell
it, did you read about this
NVIDIA open shell
and this Nemo
stack? Basically,
it's a shell that protects you.
It forces policy-based privacy and security guardrails,
giving users control over how agents behave.
I mean, it just shows you there's a whole realm.
There's all these other businesses being started around it
because if you just run it on its own,
it could do a bunch of stuff you don't want it to do.
Is that true?
Absolutely.
And it's like, you know, it just shows. i think it's just like remember like when people had windows the
earlier version of windows was totally insecure and people had these viruses and there was this
entire like you know industry created about fighting viruses so it's going to create so
much more businesses but i think it was really wise for OpenAI to buy open cloud.
They kind of bought the guy.
I don't know how they did it.
They didn't acquire, they just hired the guy,
but probably paid lots of money to the guy.
Because I think it's like when Google acquired YouTube,
this thing actually made it way bigger than OpenAI itself.
So it was very clever for them to kind of get hold of the thing. And, you know,
there will be like more secure versions of it
and this and that. There will be whole ecosystem.
But it may be
probably
the most important
piece of software ever created.
Even more than chat GPT
because it moves you into
direction of coexistence
of humans in AI
and ownership of AI and, like, creates all of this, like,
crazy futuristic things.
Like, if you run your open claw for 20 years, like,
what happens if you die?
With open claw, you'll know lots of things about you.
So it's crazy.
I mean, it really opens up, and it just shows that people
psychologically want it.
People are going to have all these agreements with their claw. it's really opens up and it just shows that people psychologically want it just because
people are gonna have all these agreements with their claw now hey if i don't tell anybody all
the weird i was doing with it wait is that wait is that do we not finally have that fail safe
you know that's the joke right you know you're on your deathbed and your friend comes in and it's
like it's like you know go delete my browser search history dude we can do that now like if i haven't interacted with you in over two days delete everything oh man oh man see you know they
talk like you look at like the history of technology everyone's like oh all the jobs are
going to disappear then you always find there's like a gazillion new jobs that come and like
think about all these jobs that are going to, we're already seeing new products.
Like, you know, I'm setting up OpenClaw for somebody.
I'm going to manage OpenClaw for, you know, there's going to, you're still going to need
humans there and software companies like, oh, I'm getting disrupted in SaaS.
All right, well, go build something to help someone download and install and manage OpenClaw.
Okay.
If you want it to, you want to stop your open call and delete everything.
Okay.
Someone's going to build that.
Right.
There's just, we, we're just getting it like a little view into, I think the new job landscape.
Absolutely.
And I can, when you guys tell me, I'll tell you what we are doing.
I have one project.
We have many projects, but one project I can talk a little bit about let me let me give some context because hey like scale you
know we're doing scale expand we've got scale on base that's the agent chain we're doing all this
agent work agents are going by buying scale tokens uh half by, half of them get burned.
And, but on that, that's a perfect place
for crypto rails for agents.
But hey, we're also, Scale Labs is building up AI products
to help drive more utility and use into that.
And we have a special division, an AI division
that's doing this, okay?
So it's all connected.
So now Stan, tell them what we're working on.
Yeah, I'll try to be...
I guess I brought connections for people
because there's always people saying,
why are you doing this?
And that's why we're doing it.
Yeah, I'll try to be careful not to violate any NDE,
but we always looked into having more transactions
because scale from the beginning,
we are a network of many, many chains.
And we looked at how we can get more transactions. So this project with AI really, I think, maybe a breakthrough.
And there's a very large company working with a very large company on that. But I just revealed some basic things.
So basically, we're looking into OpenC and definitely this open claw, we have the
advantage of it's kind of ground zero, right? It just went viral a couple of weeks ago, last week.
So the ground zero, you can do lots of stuff. But we're looking into things where blockchain makes
lots of sense. And we identified the world of IoT, essentially starting from a very simple example where you have a house,
a home, and you have smart devices like heat pumps and heating and this stuff where you
pay lots of money for utilities, right?
Like here in Europe, you pay lots and lots of hundreds and hundreds of euros per month
for like electricity or heating or whatever.
So saving all of this stuff is a hugely important problem for Europe and everywhere in the world.
So we're looking into things like smart sensors and how can like if I have like a remote house
like you know and I want to control air conditioning, how can I get temperature into
open chlor and when the temperature goes down or up, whatever,
I want to control my air conditioning, switch it on and off.
And the blockchain is an incredibly perfect place
of interaction between agents, between open claw agents,
and IoT devices, such as temperature sensors
or air conditioning or whatever. Because you do need to have a highly reliable system, right?
Imagine you have a huge house and you accidentally, instead of switching your heating system off, you switch it on or whatever, and the house goes on fire.
Or you lose a huge amount of money just paying for all this electricity and utilities.
So this is kind
of a case where the cost of mistake is huge. When you start controlling real-world devices,
you have to be absolutely reliable. So you need something which is absolutely reliable,
and you need something which is secure. And this simple thing you can do is blockchain.
So there's nothing else, literally.
There's nothing else.
So we're having this project where we specified the standard.
I just published a standard yesterday.
It's a public standard, open source.
It's called Smart Claw.
It's a standard how Open Claw can interact with IoT devices.
And there's no standard at the moment.
It's impossible to do it.
So we're enabling OpenClaw to interact
with all of these air conditioners and sensors and stuff.
And so there's a standard.
It's all on blockchain.
It's all scale chains.
So the idea is that the blockchain becomes interaction
place.
I'll give you a very simple example that we are working on.
We are working on prototyping this example where you have a house. Inside of the house, there is a temperature sensor
and the open claw agent inside the house constantly publishes information from the temperature sensor
to blockchain. And then another open claw agent monitors this information. And so when the temperature, say, goes down, it sends the command, again, on blockchain to switch on air conditioning or heat pump, right?
And then the open-claw agent near the heat pump pulls information from blockchain and switches on the heat pump.
So basically, you have the ecosystem where there are open-claw agents everywhere.
They're just like in the Matrix movie, like Mr. Smith. It's a world where every single house,
room, whatever, has an open-claw agent, but then they need to interact, and the interaction between
them and IoT devices happens on blockchain. So we're really excited. And it's kind of potential as huge as billions,
maybe like trillions of energy savings. As an example, in Europe, in Europe, there is actually,
you can switch to variable energy plan where the energy price every second moves. The energy price,
you can switch to the plan where you're paying for your house or for your apartment, and the energy price moves every second.
So then the AI agent can do advanced math to decide how to keep temperature comfortable inside of your house while still saving you lots of money.
And then the future is huge.
huge, it could be like different temperatures set in different rooms. Maybe when you're
It could be like different temperatures set in different rooms.
away from the house, the AI agent decides that you don't have to have so much heating,
maybe just the minimum heating. So it opens up all of these capabilities where no one did it
before because of complexity. No one's using smart homes because they're so complex to set up.
Well, with AI and blockchain, you can create ecosystem that's AI agents
just magically manage all of
the stuff and just save you money.
So we're super excited about this thing.
For me, I think electricity
is the key because there are like trillions
of dollars spent
in the world on utilities,
on energy. That's the key
use case, but maybe some other use cases.
I actually encourage everyone to go to our scale forum and read about the standard.
It's called Smart Claw, Smart Claw because of smart devices.
And then we have like one of our staff members is assigned to actually do it really fast.
We want to do it really fast.
And then we're going to have a demo soon.
So lots of interesting things
coming with from this direction and i i'll i'll keep our listeners informed how this goes
yeah i mean it's exciting i think china like stepping back like the fact that like china is
getting so many people to use it like everyone's starting to use it
and like people are you know saying like hey i'm saving three hours a day five hours a day then
also the governments like okay how do we how do we like monitor make sure how to control it raises
all these new questions um really interesting how how just ripped last week
Interesting how it just ripped last week.
And I think to say the last thing, Jack, you know, we discussed last time is that, you know, I think the people that win will make trillions in this AI, in the open that there will be huge businesses generated from treating agents as persons,
or, you know, like going into the future of the interaction of the psychology of people and AI.
This is where people are going to make so much money, I think,
because you see this huge attachment psychological between AI agents and people
in management of this may be also risk, huge risk,
but also huge opportunity and definitely a huge business opportunity also for everyone.
Yep. Yeah. I mean, it's exciting times. You know, it reminds me right now of like crypto in 2018,
where if you knew what you were doing, like one, all these people, like that was the
time you could like get ahead of the pack. You had to know how to get on weird exchanges to buy
tokens. You had to know how to use like ledger devices, MetaMask. You know, you had to understand
the security, the usability, the like tech and people that did that, like at my friend groups, I saw people like doing really well.
Then eventually like, Hey, it got super easy.
Like basketball stadiums were named after Coinbase and you know,
all these other exchanges.
The one that shall not be named.
Yeah. The one that shall not be named.
Yeah. And, and it,
it kind of opened up for everybody and it was harder for people to get an
edge because it was accessible.
And I think there's a similar thing happening where,
you know,
it's a,
it's a reason why,
Hey,
if you work in tech,
if you're,
you know,
interested in AI,
if you want to get ahead of other,
you know,
this,
this phase for your career,
et cetera,
like go and learn how to use this stuff because you're,
you know, eventually everyone's going to click a button, know how to use it, but there's still
going to be this like early adopter advantage and like understanding advantage of, you know,
how to use these tools. Absolutely. And I guess actually, you know, one thing which I wouldn't
like to highlight is that blockchain kind of naturally rises from AI
because most of programmers will lose their jobs.
There's no need to program anymore.
I think 99% of software will be lost, but there will be still 1%.
And this 1% will be AI agents still needs to have a very reliable database to ground them.
Because they have these hallucinations.
Imagine when they start doing critical tasks.
I'm giving this example again.
You have a house and the AI agent decides to switch your heating system on and off.
It's a huge decision, right?
You need to be this place where the AI agent issues this command to be super reliable and traceable.
If the cloud burns, you need to be able to see what happened.
So the actions of AI agents, if we have a universe of agents doing all of this stuff,
their actions, the critical actions they take, they need to be super reliably recorded.
Because if something goes wrong, you need to be able to trace what happened.
And also just for them, for the agents to be able to reliably interact with each other.
So they have to have the safe and secure place.
So blockchain almost becomes this kind of safe and secure, almost like a matrix,
where these guys can do the most critical things,
like smart contracts, right, that never change and stuff.
So blockchain naturally actually, naturally arises from this new world,
where like 99% of software is not needed and it's all done by agents, immediately you ask the question of how they interact and how if something
goes wrong, what do you look, right?
So blockchain becomes this place where humans interact with agents, where basically your
house got burned and you say, which agent did it? And you look at blockchain and there is this command, this guy did that.
So this crypto and AI actually kind of converge.
And that's, I believe, how this is going to happen.
It's going to happen, I believe, really fast.
That we are in this turning, I think a scale is uniquely positioned because for this, you
need to have lots
and lots of blockchains right a single blockchain is not able to do all of this stuff so and so we
are incredibly positioned for all of this awesome awesome okay well it's a it's an open claw world
yeah it's not a joke it's's crazy, but it's not.
It's like, you know, we had to charge MPT and now we have this even bigger thing.
It's the next Windows, the next Apple OS.
Let's talk about, hey, let's talk about fear and greed index.
There's some interesting stuff going.
Are you ready to shift, Ben?
Let's, do you mind pulling it up?
Because I want to talk through some interesting stuff
here apple while i pull it up uh yeah the it's a surprising actually yeah talk me through this
because that's surprising for me um looking at it because i would have assumed it to be a lot worse than this uh here we go that's that's
that's what we're going to talk about here so like art we're at 36 now if you can zoom in a little bit
okay i mean all right um so if you go to like we're let's say it's 35 36 if you keep scrolling
the like the last time it was at this level bitcoin was at 84k so if you have your yeah
like go to the last if you kind of move your cursor just directly left.
It shows the price.
Stop the next time you hit the line
at that same level.
There you go.
As you can see,
I'm seeing something a little different
because I'm at a different point.
It was in the 80s.
Last one was here.
You go left again,
it was 110 when it was here
left again it was 110 all the way over 85 back in like 4 20 2025 um so the point is like
i i looked at this the other day and i was i was like man if we got to be back under 10 after all
the end of the war and like oil prices surging, all these other like cascading global political things.
But people are not as scared right now.
And Bitcoin's lower than it was before.
Like, what the hell is going on, guys?
What's happening?
What do you think?
That's mind blowing.
Like, even if you look at here like when bitcoin
was at 110 we were at a 33 yeah from my from my perspective it almost feels like we've hit that
bottom right and people are like okay you know we've hit the bottom which was which was down all
the way down here.
And you can even look at almost like if you look,
if you trade charts and you trade quote unquote patterns,
you could argue that this was a double, you know, almost a double bottom, right?
Yeah.
With them returning up, you know,
almost getting into this kind of cup and handle formation.
And I think from, from what i'm seeing at least is
not financial advice nothing we say is financial advice it almost appears as if
the face is returning because i'm not sure about you guys but from a social perspective
i'm not seeing i either bullish or bearish sentiment on crypto at the moment which is good in my opinion because
it just means it's flowing it's correct the way definitely a lot less negativity on the timeline
and like you know memes making fun of like like the guy who's like yeah i'm a crypto investor and he's standing in front of a ferrari then he walks past i look at this i see like it makes sense that we are here on the way down when it was 110 and it
was here but it's interesting that like yeah the last time it was here it was at this same price on the way down it was uh a five it was it was in a like
basically around 10 um yeah last time the price was here so i i mean it like yeah interesting
that's why we were looking at this not not looking at a price chart, because the emotions of people, we talk about this a lot, the psychology of these markets is,
I don't know, it's intellectually interesting. Stan, what do you think is going on?
I think, you know, guys, let's just go really slowly and think, you know, what's happening,
just absolutely independently, right? So if you look, you look at like, for instance,
So if you look at, for instance, Base, Base has about 10 million transactions per day.
All of them pretty legit transactions, people using Coinbase.
Then you have Solana, pretty big number of transactions.
Now Polygon, I think Sandeep did a great job with polymarket and polygon is actually like full now
literally full they're doing 10 million transactions and i think sajib did a really
great job you know like improving their speed so you have 10 million transactions very legit
on polygon l1 you have 10 million transactions on the base solana probably doing the same 10 million. I don't know exactly. Ethereum is doing 2 million now. So you have like, and all of these legit transactions, so L1s are full with transactions. You have hyperliquid, which is full with all of this, you know, trading of paper shells. So we are actually at the moment where all of the L1s are full
and the blockchain industry has never been so useful
with all of this prediction market stuff, right?
The prediction markets, they brought so much transactions.
And so I think at a point, which is really nice and interesting,
where, you know, the market is down, but the technology is growing so nicely, suddenly, the real use.
And now it's actually moving to L2s like us, where all this AI stuff is happening, and we may get so much more transactions with various agents and open claw.
much more transactions with agents and open claw.
So I think if you just totally neutrally,
without buying or selling any tokens,
just look at the industry.
Industry is doing very healthy.
There are some projects which are totally not making it,
like ZK, roll ups, all this stuff is gone.
Lots of projects that have no use were gone.
So we're actually pretty good.
The only thing in the market is like a little bit down.
But it's really interesting now because there are this really interesting uses, prediction markets, AI.
You know, it's really exciting.
It's almost like the market lags the technology and people, I think.
Wait, so what's the saying?
Buy the news, sell the hype? No saying buy the news sell the hype no sell the news buy the hype right and we kind of you know again not finally financial advice but it's almost as
if you know that we've seen a little bit of a of a correction you know um when it's when it's come to prices of things um obviously outside events wars things
like that but you know looking at you know we jumped to 100 like i feel like people forget you
know we jumped up to 121 there's always going to be a small correction at at some point and um
that's when people that are true builders that are continuing to build
really put themselves apart because even in the down times there's still innovation happening
right which is you know which is rare yeah yeah we're we're an interesting time um i think
we've talked about this before but a really good good like, you know, shedding, it's like a snake shedding its skin.
Like we're having growth.
Bad things are going to hopefully get washed out.
Good things are going to capture value.
And like, and, and, and hey, it's this happened in like in the late 90s, early 2000s in tech.
There was every router company was worth billions of dollars and didn't even have working product.
And all of a sudden it was like, okay, well, who's posting revenue?
That's the only metric that matters.
And I think we're going to get there.
I think token economics are going to matter a lot more.
And Bitcoin obviously is less fundamentals driven.
It's more like gold, but it's a piece of the macro.
And Jack, you know,
it's just interesting,
you know, like some guy,
I think yesterday someone like tweeted said,
you know, like the market somehow punishes
the most kind of solid projects.
It's crazy, literally,
like how many interesting projects
we have now on scale with all of the X402 and AI.
I'm just looking like, I'm looking at what these guys are doing.
It's just the fundamental computer science things.
It's not like hype, right?
It's funny saying is that it's really funny.
AI is exploding, but the AI part of the crypto market is down because I think people don't realize that X402 is going to be so important.
Agents are going to be so important.
So, I mean, it's like, I mean, I actually like it.
I mean, just because like all of the like people, like hype people are gone because essentially it's kind of a tinkering phase where there are so many interesting things happening and you know i think for sure
when the hype happens let's call it hype not hype but when the hockey stick moment for the market
happens for sure it will be about ai using blockchain as as a secure place to to communicate
and to put information we're just creating this this new universe of AI plus blockchain coexisting together.
So I'm pretty sure that will happen.
I can probably even make a crazy prediction.
I think it will happen this year.
And the reason why I'm making this prediction is because OpenClaw has this crazy viral growth.
So I can't imagine that it will take longer than a year
for these open claw agents to need interaction plays.
They need to talk to each other.
So I think we will be going to see this year,
like this new thing where lots and lots of agents
communicating through
blockchain yeah yeah get ready i mean crypto crypto has been waiting for or for ai
that's just the reality i just don't see how how you can interact as otherwise right how
they have you collect trillions of agents whether It's like, where do open flow agents interact? It's going to happen on OpenAI, right?
Does an agent want to use some system that has all these human interventions and firewalls and crap?
I just want like, is law, instant settlement.
Okay, I understand the cryptography.
I send 10 USDC here.
It goes there and boom.
It wants finality it wants clarity absolutely and the
predictability right it's just it's just impossible for me to predict how even like there's no other
way how they interact so that's why i think people don't realize this part is that when like this
krypton ai but they kind
of, they are merging together in a real way.
It's not hype.
It's not like, okay, let's connect crypto AI.
These things are like interrelated because agents need a secure and reliable platform
that sets rules for them, like smart contracts.
It's the rules of interaction, it's history, it's like ability.
They need to have a place where they are grounded, you know, like where humans can interact with them.
So I'm actually getting really excited.
I mean, I wasn't excited like last year.
I was always like thinking that AI and blockchain is like experimentation.
And I always had this view.
I changed completely last week, essentially, because of OpenClaw.
I think we crossed this into the hockey stick moment.
It's not experimentation anymore.
Yeah.
It opens up many different flows, right?
I remember Sawyer, when X42 first started coming out,
he put together a weather service, right?
X42 payment, what's the weather and then you know
stan going back to what you were talking about with you know smart homes you know you could tie
that all in together you know get your x42 rails to pull you know the next day or couple of hours
worth of weather information and then auto tune yourune your smart home to align with that weather.
And I think the thing that's most exciting is it opens up so many different possibilities,
you know, ones that we probably can't even think of right now.
But yeah, it's a wild, wild, wild time, man.
But yeah, it's a wild, wild, wild time, man.
You know, we're three months into 2026.
And I remember when we did our 2026 AI predictions.
And I think they are all blown out of the water at this point.
Yeah.
And actually Matrix movie, I don't know when you're too young maybe to have seen Matrix movie.
Of course I've seen a Matrix.
Everything in this world was predicted in the Matrix movie.
It's just basically everything.
And in the Matrix movie, you probably remember, there were these bots, right?
Remember they had bots, Mr. Smith, all of this stuff.
And you had this zillions of bots.
But in addition to bots, the matrix is actually a set of rules.
If you have bots, someone needs to have set a really solid rules
for them to interact.
And remember, the entire story of matrix is that you set these rules,
and they live in the matrix, and you live in the matrix matrix and then there's some people who can bend the rules so basically if you take this analogy
matrix is smart contracts you need to set for the for the for the agents in the matrix you need to
set rules no one can bend in this union in this kind of universe you're creating so you need a
place which is secure and unchangeable the rules cannot
change because otherwise so and the agents are maybe crazy so the rules can be really need to
be really really strong so so smart contracts if you put the rules into smart contracts in the
blockchain and then you tell the agents okay if you few guys who want to interact or resolve dispute or whatever,
both is blockchain, and they are not able to change it.
That's kind of a very solid universe for them.
So almost like the Matrix movie, we are witnessing it.
Because what's the difference between millions of Mr. Smith copies in the Matrix
and people in China running millions of smart clothes.
It's the same thing, essentially.
So it's really interesting how the world is changing.
And I think we're going to get really excited.
Lots of exciting things next year, this year.
The humankind is changing, essentially.
It's going to be fun.
Awesome. Exciting times. Exciting changing, essentially. It's going to be fun. It's going to be fun. Awesome.
Exciting times.
Exciting times, guys.
So, I mean, what are we going to talk about next week?
I guess we can just wait and see what happens.
You never know.
Yeah.
I'm going to talk a little bit.
We're sitting with this IoT OpenClaw stuff,
so I'll tell you guys next week what progress we have.
Agents, Claws, even though the open claw founder hates crypto what he really hates i i watch that
it's like he hates these people like yelling at him about meme coins he has nothing nothing to do
with yeah yeah which is completely fine yeah crypto is way bigger than that you know
Yeah, that's really fine.
Yeah, crypto is way bigger than that.
At the end of the day, agents want clarity.
They want finality.
They understand code.
The cool thing is in a lot of the work we're doing,
we're talking about enabling privacy for agents
so your agent can buy something
and not show the whole world how much money you have
and everything else that you've bought.
And the cool thing is an agent doesn't need a UI.
The agent just needs like command line.
They're not,
it's like UX,
just completely different ball game.
The world's changing.
And look,
last thing,
Jack,
last thing I want to say,
if we're going to have this trillions of agents,
are they going to be able to run on a single blockchain?
Yeah.
Right?
It's impossible.
So we always predicted that we need to have many blockchains connected,
and it's just we didn't have so many transactions.
But now it all becomes really natural.
We do need to have many blockchains.
We always had in the top five to ten of all chains,
but even that being said,
we were still only using like 1% of our supply every day, but we could have processed.
And who else is there, right?
Like you said, polygons at capacity.
And we have a single chain, right?
Everyone has a single chain.
Polygon is a capacity.
They're doing fantastic job with prediction market, you know, basis at capacity.
So everyone has capacity capacity what if the agents
need a million million times the agents may need million times small transactions right so yep
yeah good stuff okay so next week again if you if there's things you want us to talk about
reply you know on twitter uh say hey talk about this next time like we'll we'll read it okay
say hey talk about this next time
we'll read it okay
100%
guys thanks for hanging out
it's been fun
yeah that's fun
yeah it's been great world of AI
it's continuously growing
and changing we have no idea
what's going to happen next
I don't think anyone does
so let's keep
a finger on the pulse, gentlemen.
All right.
Thank you all so much for joining us for another episode of Decrypted.
We will see you again this time next week.
Bye-bye.
