Dragonfly GP @HadickM on why personal agents like "Instinct" have no moat: "I think these products have no lock-in whatsoever." "Those users are mostly power users here in Silicon Valley, and are mostly the types of people who are willing to experiment. They're also the types of people who are willing to go use a new chat agent, a new model, with the drop of a hat." "Noah went on a different podcast last week. He talked about, 'Oh, we're doing a billion dollars of volume very quickly.' Well,…