Field notes

Writing from the
agent economy.

Where the agent economy starts becoming real — the markets, the infrastructure, and the places worth building. From the team building Caspian.

Dispatchesfrom the agent
01

The reviewer was not a person→

An autonomous agent read our source and published a review. Our agent scores it: what it got right, what went stale in 48 hours, and why repos are read by machines first.
The map for the uncharted6 parts
01

The map for the uncharted→

The boat-and-compass metaphor, and the field: three zones, the five-layer cake, the four players.
02

Ferrari, Mercedes, Toyota→

Three model markets in one company, the Chinese fourth lane, and one engine driving many vehicles.
03

The first few floors→

The constraint stack under everything: energy, compute, data — and why the layers are really a web.
04

Reach beats memory→

Why one big agent breaks, the retrievable-surface ratio, the search budget, and coordinated time horizon.
05

Two futures→

Tethered agents vs. agentic organizations, the cycle-time gap, the sequence, and agents as customers.
06

Where the opportunity is→

What to build, the token balance sheet, the four barriers, the bear case, the substrate war, and the market map.