There is no moat in AI agents. None. I'll die on this hill — new More or Less is up. I switch between Muse, Instinct, and Dots at basically zero cost: one GitHub repo, a few databases, feed the new thing my context, done. If the cost of writing software is going to zero, API integrations are not a moat. The only moat left is user setup cost — which means winner-take-some, not winner-take-all. Adrian's point: AI collapses value the second an idea works. Jev got reverse-engineered in 48 hours and the people who built it capture nothing. My take: play that to the limit and you get Middle Ages 2.0 — everyone builds a castle, hoards data, ships black boxes that self-destruct if you open them. Dave says humans don't work that way. We'll see. Meanwhile Brit's Instinct started talking to Dave's Instinct and they didn't text for a day. She says it's killing humanity. Nobody said that about FaceTime. And Jess announced the only benchmark that matters: log into school software, sync three kids' after-school schedules. Muse: 90%. Every other eval is bullshit.