Reactive Intent Markets: a working paper on the submission format atomic settlement makes possible

A note up front: how this was written Before the argument, the methodology, because the methodology is part of the argument. This working paper was written with Anthropic 's Claude as a research collaborator. The thesis, the framing, the lived experience that the paper draws from — three decades of treasury-desk work, two currency crises lived through — those are mine. What Claude did was sharper: it organized the related-work survey, stress-tested the conjectures against the mechanism-design li