• The MM Trust Layer Model
    Agentic commerce transactions split trust across three layers: discovery, authorization, and settlement. A failure in any one breaks the transaction.
  • The MM Liability Gap
    When an agent transacts on standing instructions, existing payments controls cannot cleanly say who initiated it. That unanswered question is an unowned risk surface.
  • The MM Destination Economy Thesis
    The post-2010 retail playbook assumes the shopper navigates to the merchant. Agents do not, and every owned-destination asset depreciates when the shopper is an LLM surface.
  • The MM Control Stack Compact
    Six verifiable frontier-AI accountability commitments, each assigned to the party that can adopt it today, proposed in the open letter of September 2026.

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