# Ep75 The Graveyard

Page: https://stenobird.com/podcast/net-society-7073603/ep75-the-graveyard
Text version: https://stenobird.com/podcast/net-society-7073603/ep75-the-graveyard.md
Podcast: [NET Society](https://stenobird.com/podcast/net-society-7073603)
Published: 2026-04-20T12:00:00+00:00
Episode link: https://share.transistor.fm/s/4dc21e56
Audio file: https://media.transistor.fm/4dc21e56/f2a97571.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/net-society-7073603/episodes/ep75-the-graveyard
Duration seconds: 2980

## Resource

The Net Society crew records live from New York and opens with a familiar question in unfamiliar times: are we actually back, or just bouncing inside a bear market. From there, the conversation moves through competing views on crypto’s current state, with debate around institutional demand, stablecoin growth, ETF flows, and why the next leg up may still require more pain. The crew then explores what machine-to-machine payments could actually look like, from agentic software and API micropayments to the early shape of a machine-native economy. That leads into a sharp discussion on AI product building, where they argue that the models are already good enough and the real bottleneck is ambition, taste, and the ability to frame better problems. In the back half, they work through a run of crypto casualties and controversies, including Foundation’s collapse, Lattice shutting down, and the Bittensor Templar blowup, before closing on a more optimistic note: why so many of the most interesting builders in AI seem to come out of crypto, and how that culture may shape what comes next. Mentioned in the episode Response to Covenant https://x.com/const_reborn/status/2043083033969033610 Lattice winding down https://x.com/latticexyz/status/2044103611072835744 Show & Hosts Net Society: https://x.com/net__society Aaron Wright: https://x.com/awrigh01 Chris F: https://x.com/ChrisF_0x Derek Edwards: https://x.com/derekedws Priyanka Desai: https://x.com/pridesai Production & Marketing Producer/Editor: https://x.com/0xFnkl Social: https://x.com/v_kirra (00:00) - Are We Actually Back? (10:44) - Machine Payments & Agentic Software (13:09) - AI Product Building, Ambition & Taste (20:27) - Foundation’s Collapse & Platform Fragility (25:24) - Bittensor Drama, Templar & Go…

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## Transcript

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