110 - The Singularity Stack: Energy, AI Agents, & Bitcoin Settlement with Liam Nelson

Thinking is becoming a manufactured good. Liam Nelson of Early Riders walks through the Singularity Stack — the conversion chain from raw energy to compute, models, harnesses, agents, and final settlement, and why Bitcoin sits at the end of that stack. This is a builder-and-allocator conversation: energy bottlenecks, the economics of models vs. harnesses, agent-to-agent markets, and why technological deflation and hard money pull in opposite directions. If you allocate capital, build infrastructure, or think in Bitcoin as the hurdle rate, this is the map. ⏤ ⏤ ⏤ 🌴 Join us at Mita TechTalks 2026 — an exclusive gathering for operators, family offices, and industry leaders exploring the future of capital through Bitcoin, AI, and Energy. Oct 25-27, Punta Mita. Request your invitation: https://2026.mitatechtalks.com/ ⚡ Get personalized onboarding at River for Bitcoin-only financial services: https://partner.river.com/buildwithbitcoin⏤ ⏤ ⏤ Chapters 00:00 Introduction to Liam Nelson and Early Riders 03:45 The shift from high to low time preference investing 04:37 Creating the Singularity Stack: framework and motivation 05:36 AI adoption and parallels with internet growth 06:28 The analogy of electricity and technological progress 13:24 The nine layers of the Singularity Stack 22:24 Energy as the foundation of the stack 26:28 Energy bottlenecks and infrastructure challenges 33:03 Models, harnesses, and the economics of AI models 37:55 The role of agents, identity, and coordination 44:24 Innovations like Hugging Face and open source robots 45:33 The agent to agent economy and future productivity 50:22 Inflation versus deflation in technology and money 55:01 Key takeaways and future opportunities Resources https://earlyriders.com/ https://earlyriders.com/singularity-stack/ Build With Bitcoin: https://www.buildwithbitcoin.xyz/ https://x.com/BuildwBitcoin ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional.