Agents can now do almost anything a human can do with a computer. So what happens when they start spending money on your behalf? Sam Ragsdale (founder and CEO of Merit Systems, a startup building infrastructure for the agentic economy) joins a16z crypto's Eddy Lazzarin, Noah Levine, and Robert Hackett on the open agentic commerce stack, and why the internet's business model is about to get rewired. 00:00 – Intro 01:33 – Two flavors of agentic commerce 04:30 – What is an agent, actually? 12:57 – The headless merchant thesis 17:17 – What happens to existing friction? 24:45 – The economic contract of the web is broken 27:46 – Will agents get distracted by ads? 35:152– Stablecoins vs. credit cards 41:54 – Sam's bear case on interchange 49:11 – The killer app for agentic commerce Sam Ragsdale on X: /samrags_ Eddy Lazzarin on X: /eddylazzarin Noah Levine on X: /nlevine19 Robert Hackett on X: /rhackett Follow a16z crypto: /a16zcrypto Subscribe for more news and updates: a16zcrypto.substack.com Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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