Jim talks with Toufi Saliba about the Toda/IP protocol and HyperCycle, a decentralized network for AI-to-AI communication. They discuss the high-level view of Toda/IP & HyperCycle, enabling communication of value, what Toda adds on top of UDP, time & cost constraints, cryptographic proof in the first handshake, how Toda transfers value in very small quantities, how settlement occurs, who has custody of a dollar, transaction machines, where money is kept & what prevents stealing, an actual non-fungible token, fully decentralized smart contracts, whether or not Toda is analogous to paper money in a gold standard world, Toufi's motivation for building this tech, hyperinflation in Germany in the 1920s, the currency for AI, OpenCog's AGI ASI project, why inter-operation with AI is important, wealth creation at the node level, a market in results not compute, how this helps facilitate AGI, the entire world reaching AGI vs a single entity reaching it, why Toufi thinks AGI is close, reasons for thinking decentralized AGI will happen first, how to get involved, the cost of a node, using Moloch's incentives to overthrow Moloch, learning how to run nodes, HyperCycle vs SinguarityNET, and much more. Episode Transcript JRS Currents 027: Charles Hoskinson on Cardano Blockchain Project JRS EP217 - Ben Goertzel on a New Framework for AGI Toufi Saliba is the co-author of the Toda/IP protocol and currently serves as the global chair for international protocols for AI security for the IEEE, which is the world's largest technical professional organization dedicated to advancing technology for the benefit of all humanity. Toufi has a history of building various AI projects centered around cryptography and cybersecurity. In October 2022, he took on the leadership of Hypercycle.ai, which is focused on developing a general-purpose technology supporting a decentralized network for AI-to-AI communication.