Crypto spent 15 years building rails — lending, tokenization, stablecoins — and Jordi Visser argues the users it was built for were never meant to be human. In this conversation with Grace Remington and Sean Hagan, Visser lays out his Ghost Rails thesis, comparing today’s moment to the 14-year gap between Netscape going public and the App Store finally putting the internet in everyone’s hands. He explains why AI agents, not retail wallets, are the inflection point for the agentic economy, and why that’s “extremely positive” for Bitcoin specifically. If you’ve wondered what actually breaks the liquidity-driven narrative around this asset class, start here.