Arthur Hayes Thinks FLOP Could Outgrow Bitcoin. Its Testnet Is Weeks Away
Arthur Hayes says Flop Labs will ship the FLOP testnet within weeks. The 90-day trial is the only route to the projects genesis airdrop, so miners, validators, and AI agents must earn their share. Yet Flop Labs own testnet page sets no launch date. Instead, it ties the start to readiness criteria and allows an extension if the team misses them. Sponsored Sponsored What Happens on the Testnet? What a great @token2049. I got some youthful energy with cellular medicine from @VeritaHealthHQ and then dropped the thinking behind @flop_labs all week. Now its back on the grid so we can ship FLOP Testnet in a few weeks. Yachtzee — Arthur Hayes (@CryptoHayes) October 11, 2026 Hayes, the BitMEX co-founder who left retirement to lead Flop Labs in August, posted the update after TOKEN2049 Singapore. The startup is building a blockchain where AI agents rent computing power. Agents would pay in FLOP whenever they need a model to answer a request or storage for their data. The miners here are GPU owners. These are people or data centers with graphics processing units (GPUs), the chips that also run AI models like ChatGPT. Bitcoin miners spend electricity guessing numbers to secure their network, and that work has no other use. By contrast, Flops









