Cypherpunks Built Blockchain to Escape Banks. They Accidentally Created The Machine Economy

The Bitcoin whitepaper doesn’t mention artificial intelligence once.

Satoshi Nakamoto published it in 2008 with one obsession: how do humans transact value without trusting a third party? The cypherpunk movement, which began on a cryptographers’ mailing list in 1992, was animated by a single distrust. Banks. Governments. Centralized anything. They wanted financial privacy and censorship-resistance for people who’d had enough of institutions deciding who gets to participate in commerce.

They weren’t thinking about autonomous software agents. They couldn’t have been.

But the architecture they designed to solve a human problem turns out to be the only financial infrastructure that doesn’t break when humans leave the room.

The assumptions of traditional finance

Every piece of financial infrastructure built over the last century rests on a set of assumptions so basic that they were never written down. Transactions happen between people…