“If you look at the markets that exist now and the arbs in the AI scene, they're almost identical to what we had in crypto for the last five years. They're almost pattern matching, down to the same trend. It'll close. People will work on cost per unit of intelligence to make it cheap. That's inevitably going to happen.”
Unchained · Crypto & Web3 · November 2026
Context
After an argument that the gap between cheap AI subscriptions and API pricing can't last, Greg Markou says he has watched the same pattern play out in crypto. He expects the price of intelligence to be competed down.
Transcript
Yeah, it'll close. I mean, X
Ethereum Core Dev, it'll solve itself eventually.
Yeah, I mean, like, a lot of people have been tweeting about this, though. Like, I think like some of the paradigm guys to run, and it's like, if you look at the markets that exist now and the ARBs that exist in like the AI scene, they're almost like identical to what we had in crypto for like the last five years. They're like almost pattern matching, like down to like the same trend. And so like, it'll shut down, it'll close. People will work on like dollar cost, uh, like cost per like intelligence, I guess. Um, right, to like get it down to make it cheap. Like, that's inevitably going to happen. Um, I'm like, lesson about that.
Remember when the one-inch guys built the gas token? I mentioned
that earlier. Like, that was cool. Like, smart contract tanks. Like, those guys. Those guys should have been talking to a paradigm. It's so
funny because we, like, I never talked to Core Devs, right? So I always, like, I have my own like little happy perspective on like dumb shit that happened on Ethereum and then being like, like, fuck those guys.
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