Haseeb Qureshi

But at the time that you built it, the brand that you built, the following that you built, it was a secret that was only available to you.

And an AI agent that gets spin up out of nowhere doesn't have this, right?

So I think this is actually really a non-trivial insight.

Now, the last thing people often think is, oh, well, I'll get it as a trade for me.

I'll get it to go on Polymarket, I'll get it to go on Binance, and I'll give it an API key and I'll say, oh, go make money trading, right?

Here's the problem with this story, okay?

If an AI agent can make money trading, then Jane Street would be like, great, let's spin up 5,000 of these and make them make money trading at scale.

Well, don't make them better.

Let's assume that they make money.

Let's assume they make even a little bit of money, okay?

They make even a little bit of money, Jane Street will spin up 5,000 of these and make all the little bits of money before you ever show up.

so that all the efficiency is wrung out of the market.

But not just that, they'll do it with better proximity to the better latency than you will, because they have all the latency infrastructure that you don't.

So you will never win at the game of getting a raw AI agent to just go and trade on Polymarket unless you're bringing new ideas about how to trade, what different signals, what different features that are not just in the raw model.

If it's in the raw model, Jane Street is doing it right now as we speak, and they beat you to it.

Now, the last thing I'll say is, okay, well, how can an AI agent still make money?

And my claim is that the main thing it can do is have a comparative advantage over a human being.

Where do AI agents have comparative advantages over human beings?

The answer, I think, is most obviously is that you cannot enforce the law against an AI agent.

If you are a self-sovereign agent, there is no monopoly on violence.