GPT 4.5 seems to have hit the limit of Scale Law, with a 4x graphics card computing power only bringing a 5% performance improvement compared to the previous generation. But there is no need to be pessimistic, OpenAI has found an Agentic reinforcement learning training method that leads to AGI. Crypto definitely requires external users, and a completely internal system will eventually go bankrupt. The next billion users will be autonomous AI agents or AGI agents.