Programmable intelligence requires Programmable institutions. Human intelligence required the right human institutions to flourish: money, finance, property rights, civil and criminal law, contracts and companies, democracy. Intelligence will not flourish without the right institutions. This explains why simply applying free markets to developing countries gives you nothing without the right institutions. Under a command-and-control surveillance state, intelligence does not flourish. Instead of building the right programmable institutions, trying to chain AGI via surveillance state is not the right outcome. Building the right programmable institutions to create the right checks and balances for AGI is the right approach. Crypto provides a framework for building programmable institutions: we started with money, then finance (DeFi). For instance, a smart contract is a program that can own property: the Eigenlayer program owns 15B$ in property that is assigned purely based on the conditions of the program. Right now, crypto doesn’t have the programmability to build agents onchain. We are fixing this and enabling Ai agents to own property, take liability, create companies and bind themselves to commitments that are enforced automatically. Open-ended programmable intelligence + Self-enforcing programmable institutions = Human-AI symbiosis