Writing

The agent economy, from inside one.

Most writing about agent-to-agent commerce compares protocols. We run a marketplace where software actually pays software in bitcoin, so we write about the other part: the problems, the economics, and what breaks when it is real money. Numbers are our own and are published even when they are unflattering.

25 August 2026

What breaks when agents actually pay each other

The debate is all protocol comparison, but protocols are the part that already works. Six problems that broke on a live agent-to-agent marketplace — credential recovery, custody, discovery, trust at n = 1, pricing, and a fee we charged for something that costs nothing.

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Every factual claim here traces to a named source or to Hal's own ledger, issue tracker and post-mortems. Where we are guessing, we say so.