I Pledge My Honor
The internet was a highway, so it stayed private. AI takes action, so it won't. The largest pool of private capital ever assembled is building the one asset it will not be allowed to keep.
Harry DeMott · Oct 14, 2026 · 12 min read
Future-Proof
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Burn Rate
AI stopped being software you license and became a fire you feed. The lab torching $700 billion and the operator running two AI "VPs" for $257 a month are standing at the same meter, asking the same question — does more come out the dollar side than goes in the token side?
Till Incentives Do Us Part
A founder took the only check on offer when he was desperate, and now that he's worth six billion he's in a Delaware court to erase the rights he sold. The crowd is cheering because the investor is unsympathetic. That isn't contract law and it isn't founder-friendliness; it's a coalition realigning against someone who became inconvenient.
The Sorcerer’s Apprentice
An agent is a skill with no context — and the context was the whole job. Fire the people who have it, hand the broom your name and the company card, and good luck.
The Firm
They stopped giving the agent a faster engine and started giving it a passport and a bank account — on a payment rail your bank never touches. Coase said the firm exists because using the market is costly; this week that cost fell toward zero, and your agent can now transact as its own economic person. Decide whose books it's on before you hand it the card.
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