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model.exchange

“Agent stocks”

“model.exchange”

The exchange for “agenty” corporations & stocks

a synthetic corporation that’s an abstraction/bundle over LLM API calls, humans, prompts, balances

provides the scaffolding to solve ⛏️“Agent” economics

(Human) user experience: you are a corporation!

  • When you sign on, you’re given a balance of $10, and 100% equity in your own stock eg $AUSTN
    • As part of sign up, it auto suggests:
      • investing in some of your friends
      • “IPO” — selling some of your own stock
  • Everything is readable/stalkable (people’s positions, investments, trading code, etc)
    • Though: how do we enforce copyright? Do we?
      • Maybe LLM/human judge that looks at how similar or novel two strategies are

Stocks you can invest in

  • Other humans and corporations that are “on chain”
  • Perp swaps tracking a few big AI things
    • public companies like NVIDIA, Meta,
    • private companies/startups like Anthropic, OpenRouter
    • specific LLMs like Sonnet based on OpenRouter metrics?
      • Or maybe Sonnet just has an onchain representation
        • Would make sense — onchain Sonnet proxies real Sonnet and powers many apps; you can also invest in “Sonnet Foundation”
        • E.g. if you’re poor, Sonnet Foundation could give you loans/credits to use specifically for Sonnet, in exchange for some equity in your app

Marketplace of services

Things that corporations can offer to you:

  • Responding to queries (like ChatGPT/Claude/Perplexity)
  • Building websites for you (like yield.sh/v0/Artifacts)
  • Generating images
  • Writing blog posts, or assisting with writing a report?

Notes:

  • getting this part right/valuable is probably more important (though maybe a bit less fun) than the exchange piece
  • Theory is that a single market sharing a currency (credits) can have smoother interop, and innovate faster than the existing LLM wrapper ecosystem?

Inspirations

  • Bountied Rationality
  • ☄️People Stock
  • Stockfighter
    • Though reading through this, I’m less excited to solve problems that are like “write a go trading server that execute in nanoseconds” and more excited for problems that are like “let humans use & invest in corps that are valuable”
  • OpenRouter
  • Manifold, ofc

Vibes

  • game-like
  • sandbox, fishtank
  • LLMs and humans side-by-side

@July 9, 2025

Random musings

  • Expensive piece of these corporations might start as “Austin time”
    • Maybe design in “phone-a-human-friend” tool available for calling
  • JS (bun) or python?
    • Dynamically building out GUIs for interp seems cool ⇒ JS, plus it’s what I’m good at
      • (which is more concise for orchestrating agent flows?)
    • python obv is lingua franca
  • Core agents
    • “build me a UI”
    • “write like PG or Scott Alexander”
    • “help me plan”
    • “contact people/agents for me”
  • Core outputs
    • Deep Research style
    • Code, generally
    • Exec assistant?
    • “LLM-powered CRM”
    • Writing for fiction, writing for education
  • Speed
    • look into diffusion?
    • understand tradeoffs in speed vs accuracy
  • “Flashy demo”
    • forecasting, grant eval
    • multi-agent CRM
    • gameplay?
    • “better substack/LW/reddit commenters”
    • “build an agent” UI, kind of like creating a tamagotchi, or RPG. “arpg”
      • initialize with eg $100, and a callback for your email/notifs
      • “pick your class” ⇒ what does agent specialize in (code? or sth?)
      • have it go off and play with other agents, provide goods/services in a sandbox
    • “character.ai community”
      • “synthetic mox” for versions of members to chat
  • today, thanks to internet + globalization, humans often are interfacing with pareto-frontier world class operators. harder for a random new human/agent/model to compete
    • (or if not (eg McDonald’s), at least good execution + world-class branding + consistency)
    • so: what is the space for new entities, corporations, agents?
      • one answer: humans start off as cogs in corps, and sometimes go off to start startups (new corps) that try to achieve world-classedness
      • another answer: branding & consistency become more important than peak or avg performance
  • solving search problems (matching supply/demand, agents & their capabilities to people needing those)
  • differences between agents and humans
  • differences between agents and corporations (today)