Habit Was the Moat. Agents Are Draining It.

MixedSell habit, buy the rails

Agents will drain weak consumer habits first. Back the rails (trust, records, distribution, compute), not the forgotten subscription.

ConvictionModerate

What to do with this

1. Flag businesses that live on inertia: forgotten subscriptions, commodity brands, ad-funded marketplaces.
2. Favor owners of trust, regulation, systems of record, distribution and compute.
3. Judge agent launches on retained users, transactions and fees, never on downloads.