Arthur Hayes outlined the concept of Flop Network in a new essay titled The Book of Genesis. Hayes said he is self-funding the project, plans no large presale and favors a fair-launch model, with about 20% of the token supply to be distributed over time to testnet users and other network participants. He argues that if the AI-agent economy keeps expanding, a native currency representing claims on compute could become core infrastructure for machine-to-machine commerce. ...