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Michael Nicolletos

πŸ‘€ Speaker
474 total appearances

Appearances Over Time

Podcast Appearances

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Now, the technology side is the infrastructure that's been built in order to transact

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

from a digital to a digital platform.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Now, given what we discussed on AI, I'm sure you're all aware of AI agents.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

So one day there will be Keith and there will be three Keith agents transacting on behalf of Keith, which will do his chores, his payments, whatever he wants them to do.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Now imagine a world where agents to agents transact.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

In that world, you cannot transact via a banking system.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

It's very hard to do the entire computation and all the technology.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

So imagine now the agent has a pool, let's say a bank account or a wallet with XYZ stable coins where it can make the payments.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

That means that all the payments that were about to happen in a few days, you need to pay your electricity bill.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

The electricity bill gets your money and then does other payments.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Yada, yada, yada, and all this thing moves into.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

All this will happen in a few minutes.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Now, what does that change?

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

That changes the velocity of money.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Once the agent to agent start transacting, velocity of money will go through the roof.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

GDP growth and US GDP growth, especially because he's ahead of it, will start spinning out of control.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Okay, velocity, sorry.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

I'm running ahead of myself, so some people might not understand.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

Velocity of money is how much the same $100 change hands.

The Loonie Hour
A New Cold War Is Reshaping the World- w/guest Michael Nicolteos

How fast do they change?