The Book of Genesis

Arthur Hayes presents the Flop Network, a proposed decentralized network where computers process AI inference requests priced in FLOPs and paid in its native token, $FLOP, as a way to give AI agents a unit of value tied to compute. The essay says miners would earn $FLOP through a block reward and inference fees, using proof of useful inference (PoUI). It also says the team was self-funded to avoid a pre-sale, and that a testnet airdrop will receive roughly 20% of the token supply after ten years.