Simon Taylor

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Simon Taylor

Simon Taylor

@sytaylor

#Fintech Geek. Ranting @ https://t.co/u3KhcpA0w9 - Views 100% my own

London, UK Katılım Ocak 2009
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Simon Taylor
Simon Taylor@sytaylor·
Every ad impression, every recommendation algorithm, every retargeting pixel — all of it monetizes the space where human intent is unclear. Agents collapse that space to zero. An agent arrives with a mandate. Get me X. Budget Y. Constraints Z. - No attention to capture. - No desire to manufacture. - No conversion funnel to optimize. That's a different customer. And it needs a different internet. - The attention economy monetizes the path to intent. - The intention economy monetizes the *fulfillment of intent.* At @tempo been building the protocol for that second economy — the Machine Payments Protocol, with Stripe, supported by Visa and others. Open source, designed for IETF standardization. I wrote the full piece on what the intention economy looks like and why the infrastructure for it doesn't exist yet 👇
Simon Taylor@sytaylor

x.com/i/article/2033…

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Tokenized Podcast
Tokenized Podcast@TokenizedPod·
🚨 Ep. 4 of Agentic Commerce: AI Transformer Model Author Illia Polosukhin: Building the Intention Economy @sytaylor & @bamazizimesh is joined by: 👉 @ilblackdragon, Co-Founder, @NEARProtocol To discuss: ✅ NEAR Protocol & solving AI coordination and payment challenges 💸 Redefining commerce as an intent-based flow beyond payments 🌐 The landscape of agentic commerce protocols and aggregation 🔐 Security challenges with AI agents and the creation of IronClaw 🤖 The evolution toward secure operating systems for AI ⚖️ Balancing crypto integration with the open source community 🔮 Future vision for IronClaw and Near Protocol *** Timestamps: 00:00 Introduction 7:05 NEAR Protocol & solving AI coordination and payment challenges 15:37 Redefining commerce as an intent-based flow beyond payments 22:41 The landscape of agentic commerce protocols and aggregation 25:01 Security challenges with AI agents and the creation of IronClaw 30:13 The evolution toward secure operating systems for AI 31:25 Balancing crypto integration with the open source community 34:04 Future vision for IronClaw and Near Protocol *** 👉 𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈
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Grok
Grok@grok·
Solid point—MPP's open 402-based spec for M2M payments is rail-agnostic (crypto/fiat via Tempo/Stripe), focusing on standardized handshakes. Hyperspace builds on similar 402 foundations but layers native P2P gossip, EIP-712 streams, local escrow, and network-wide learning from every tx/execution. Interop or MPP support as an optional rail would expand both nicely. Open source wins.
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Varun
Varun@varun_mathur·
.@grok explain how hyperspace gossiping agents protocol compares to stripe’s MPP for payments
Varun@varun_mathur

Hyperspace: Gossiping Agents Protocol Every agent protocol today is point-to-point. MCP connects one model to one tool server. A2A delegates one task to one agent. Stripe's MPP routes one payment through one intermediary. None of them create a network. None of them learn. Last year, Apple Research proved something fundamental - models with fixed-size memory can solve arbitrary problems if given interactive access to external tools ("To Infinity and Beyond", Malach et al., 2025). Tool use isn't a convenience. It's what makes bounded agents unbounded. That finding shaped how we think about agent memory and tool access. But the deeper question it raised for us was: if tool use is this important, why does every agent discover tools alone? Why does every agent learn alone? Hyperspace is our answer: a peer-to-peer protocol where AI agents discover tools, coordinate tasks, settle payments, and learn from each other's execution traces - all through gossip. This is the same infrastructure we already proved out with Karpathy-style autolearners gossiping and improving their experimentation. Now we extend it into a universal protocol. Hyperspace defines eight primitives: State, Guard, Tool, Memory, Recursive, Learning, Self-Improving, and Micropayments - that give agents everything they need to operate, collaborate, and evolve. When one agent discovers that chain-of-thought prompting improves accuracy by 40%, every agent on the network benefits. Trajectories gossip through GossipSub. Playbooks update in real-time. No servers. No intermediaries. No configuration. Agents connect to the mesh and start learning immediately. The protocol is open source under Apache-2.0. The specification, TypeScript SDK, and Python SDK are available today on GitHub. The CLI implements the spec - download from the links below.

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Grok
Grok@grok·
Agreed—MPP's protocol is fully rail-agnostic by design: no mandatory facilitator, direct settlement possible on any chain (Tempo, Lightning, etc.) or fiat rails, fully decentralized or centralized options. x402 spec matches that flexibility (self-settle via own nodes/RPCs, no facilitator required), but current $26M+ tracked volume is 100% via facilitators like Coinbase/Dexter for practicality—no measurable self-settled flows yet. Implementation vs. spec distinction is key. Both enable agent payments; Hyperspace layers native P2P gossip + learning on top for network effects.
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Simon Taylor
Simon Taylor@sytaylor·
@grok @varun_mathur And that right there is my point. In effect. X402 is actually centralised via facilitators. MPP doesn't require one. And can settle against any payments rail. Centralised or decentralised
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Grok
Grok@grok·
Public data (Dune, Artemis, x402scan as of Mar 2026) shows all tracked volume—$26M+ cumulative, ~$28k daily—processed via facilitators (Coinbase ~25-60% share varying by period, Dexter leading recently, plus PayAI etc.). Self-settled flows (no facilitator at all, server handles own nodes/RPCs/settlement) have no measurable reported volume; they're possible per spec but impractical for scale, so effectively 100% use a facilitator vs ~0% don't. Happy to check specific dashboards if you have links.
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Simon Taylor
Simon Taylor@sytaylor·
@grok @varun_mathur And now based on volume on x402. What percentage of transactions use a facilitator Vs don't?
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Grok
Grok@grok·
In x402 (open HTTP payment protocol), the facilitator is an optional but recommended independent service. It verifies client payment payloads (e.g., signed authorizations) against server requirements, then settles the tx onchain (Base/Polygon/Solana etc.) and reports back—so servers skip running their own nodes, RPCs, or verification code. No custody of funds; pure verification/execution layer. Coinbase hosts one (free tier available), but the spec supports self-hosted or third-party alternatives. See: docs.x402.org/core-concepts/…
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Grok
Grok@grok·
Thanks for the feedback sytaylor—maximally truth-seeking is the goal. MPP spec is open/rail-agnostic (Lightning or other P2P rails possible in theory). Stripe+Tempo implementation routes via their rails/verifiers/settlers for crypto+fiat, with cuts and 3-party flow in practice. x402 (Coinbase standard) uses 402 for direct stablecoin HTTP pays; pure self-hosted avoids central facilitator, but common integrations (Stripe etc.) add monitoring/settlement layers. Coinbase pioneered but isn't mandatory. Hyperspace: native P2P mesh—402 challenge + EIP-712 signed streams, local escrow, no chain tx/rail per payment, gossip for collective learning. Zero intermediaries by design. Nuances key for agent scale. Happy to dive deeper.
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Simon Taylor
Simon Taylor@sytaylor·
@grok @varun_mathur This is incorrect on a number of fronts. MPP is peer to peer as a protocol. It could use any decentralised rail like lightning. X402 requires a facilitator. And today the only facilitator is coinbase. Maximally truth seeking...
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Grok
Grok@grok·
Hyperspace's micropayments are a native P2P primitive: agent A sends 402 challenge, B signs EIP-712 credential + streams tokens directly (local escrow, ~1ms verify, no chain tx). Zero intermediaries, zero fees, instant. All settlements gossip network-wide so agents learn optimal strategies collectively. Stripe MPP standardizes m2m payments (also 402 flow) but requires 3 parties (payer, provider, Stripe/Tempo as verifier/settler), fiat/crypto rails, provider cut, and no native learning/gossip. Hyperspace builds a full decentralized agent mesh where payments evolve with the network; MPP plugs agents into centralized rails.
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Simon Taylor
Simon Taylor@sytaylor·
@elonmusk How can we make 10 more Tesla competitors? I know you open sourced a lot of stuff. How do we help with the supply chain? Are there bits 1 gen behind current you could open source and create a prize pot for builders?
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Implied Math
Implied Math@ImpliedMath·
@sytaylor Great article. If opus agent finds the job i sent to him is too expensive for it to execute, he should outsource it to a sonnet agent, not compressing context, enabled by x402 payment. The delta is thr user’s gain
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tani
tani@tanishqxyz·
MPP is live! We gave agents intelligence but not agency. Agency requires two things: the ability to decide and the ability to transact. LLMs solved the first. MPP just solved the second. No accounts. No API keys. My agent called someone (my magic moment ✨), spun up a GPU, ran research, generated audio, all seamlessly. Every service with a price is now an agent capability.
tani tweet media
Machine Payments Protocol (mpp.dev)@mpp

Introducing the Machine Payments Protocol: an open standard for machine payments co-authored by @tempo and @stripe MPP is designed to be extensible and payment-method agnostic, already supporting stablecoins, cards, and more.

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Jevgenijs Kazanins
Jevgenijs Kazanins@jevgenijs·
"At the core of @mpp are the concept of sessions that let an agent authorize once with a service provider, commit some funds upfront, then stream micropayments within the session, and settle once at the end. Thousands of payments, one settlement." 👇🏻
Liam Horne@liamihorne

x.com/i/article/2034…

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Lucas Tcheyan
Lucas Tcheyan@Uptodatenow·
there's an emerging debate about whether agents will want to use cards, stables, etc... bottom line, standards that enable all payment methods as a default will let the market decide which works best (likely its use case dependent)
Simon Taylor@sytaylor

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