"The Trifecta" my latest essay on how @flop_labs compute spot market will become the reference price for all compute focused derivatives. "This summer, I unveiled my idea for the Flop Network. FLOP is food for your AI agent. Agents will use FLOP in commerce because FLOP is directly convertible into compute, defined as floating point operations per second or FLOPS. If Flop becomes the payments network for AI agents, then it follows that the FLOP/compute exchange rate will be the global benchmark for spot compute. The natural offshoot of a truly global and liquid spot compute market is that derivatives can be created on top of this price. Let this essay be a definitive blueprint for any intrepid entrepreneur who wishes to create a compute derivatives market that is fit for purpose for the new AI agentic era." Full essay on Cryptohayes Substack