110 - The Singularity Stack: Energy, AI Agents, & Bitcoin Settlement with Liam Nelson

Thinking is becoming a manufactured good. Liam Nelson of Early Riders walks through the Singularity Stack — the conversion chain from raw energy to compute, models, harnesses, agents, and final settlement, and why Bitcoin sits at the end of that stack.

This is a builder-and-allocator conversation: energy bottlenecks, the economics of models vs. harnesses, agent-to-agent markets, and why technological deflation and hard money pull in opposite directions. If you allocate capital, build infrastructure, or think in Bitcoin as the hurdle rate, this is the map.

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🌴 Join us at Mita TechTalks 2026 — an exclusive gathering for operators, family offices, and industry leaders exploring the future of capital through Bitcoin, AI, and Energy. Oct 25-27, Punta Mita.

Request your invitation: https://2026.mitatechtalks.com/

⚡ Get personalized onboarding at River for Bitcoin-only financial services: https://partner.river.com/buildwithbitcoin⏤ ⏤ ⏤

Chapters

00:00 Introduction to Liam Nelson and Early Riders

03:45 The shift from high to low time preference investing

04:37 Creating the Singularity Stack: framework and motivation

05:36 AI adoption and parallels with internet growth

06:28 The analogy of electricity and technological progress

13:24 The nine layers of the Singularity Stack

22:24 Energy as the foundation of the stack

26:28 Energy bottlenecks and infrastructure challenges

33:03 Models, harnesses, and the economics of AI models

37:55 The role of agents, identity, and coordination

44:24 Innovations like Hugging Face and open source robots

45:33 The agent to agent economy and future productivity

50:22 Inflation versus deflation in technology and money

55:01 Key takeaways and future opportunities

Resources

https://earlyriders.com/

https://earlyriders.com/singularity-stack/

Build With Bitcoin:

https://www.buildwithbitcoin.xyz/

https://x.com/BuildwBitcoin

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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional.