Antonio García Martínez on Warpcast

Antonio García Martínez pfp

Antonio García Martínez

Given that crypto is programmable money and financial logic, and given advances in AI, why hasn't anyone really created agentic AI bots that essentially live on chain, doing whatever arbitrage (or speculative trading) is to be found, and generally assuming almost standalone financial sentience?

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Antonio García Martínez pfp

Antonio García Martínez

You could create an AI agent that has its own financial life onchain and even shitposts about it on Warpcast, call it Ansem-as-a-service to give it a name, and yet seems not to have happened yet? That would be the ultimate (crypto) Turing test. Given it's all NFT avatars, how could you even tell?

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cody pfp

mentioned this last night but I think the answer is that this is being constantly tried but it's very difficult to earn $ consistently. The other X factor is that once you release an agent, how does the ecosystem change when 1000x of those agents can be copied and deployed?

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kevin j pfp

you could for sure. it's just an alt and you give your pk to an on device agent and you're basically good to go. ppl don't do it because it's not that much more profitable than simply sniping a new memecoin. you can do it as an experiment tho. i had an idea several months ago while doing ai crypt stuff to do this but for uma protocol. release several agents, bond UMA, see if they are just as good at resolution and indistinguishable from real humans

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Marius Watz pfp

Well, high-frequency trading won't work because of gas and the relative slowness of blockchains (compared to public stock markets.) I would assume there are bots out there, but it has to be a risky business given the currency volatility. A dollar usually stays a dollar, but 1 ETH can change a lot in 24 hours.

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Brian Kim pfp

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Jonny Mack pfp

jaredfromsubway.eth

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Galen pfp

This is exactly what @koeppelmann.eth and the Gnosis AI team are building... https://www.gnosis.io/blog/meet-gnosis-ai

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sha ↑ pfp

have to imagine it's already happening and we don't realize it yet

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Galen pfp

@antonio bumping this with a short talk from Web3 Summit “Onchain agents and longtail predictions markets” https://streameth.org/web3summit/watch?session=66c1c52d6e7e09ffb2c8c6c8

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Prithvir pfp

The hallucinations and stochastic nature of LLMs make generating consistent onchain profit infeasible. It’s possible to have narrow machine learning trained bots with like python scikit learn that do pretty well onchain. Whenever someone says “I’m building an AI agent to trade on chain” I know they’re an idea guy and not a builder.

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