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Thomas
@aviationdoctor.eth
Ok hear me out An AI trading bot that we seed-fund with a one-time community grant We let it loose on the altcoin and meme coin market, with some mid-risk parameters If initially successful (2–3x the seed), it first pays back the grants, but from there on, it keeps trading in perpetuity or until it runs out of cash (the contract will accept donations to be restarted if that happens) The twist? It then converts 20–30% of its profit to ETH every week and programmatically sends that to the burn address, and only reinvests the rest If it reaches escape velocity, it will become a perpetual, ever-growing source of burn / deflation alongside EIP 1559 Nobody profits except, indirectly, ETH hodlers
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Thomas
@aviationdoctor.eth
Also, this means introducing PvE instead of just PvP into trading. The bot acts on behalf of all ETH hodlers collectively, and everyone else now faces a faceless market adversary that isn't even motivated by riding off into the sunset on their yacht. Imagine losing money on your alt/memecoin bet because your counterpart was an AI that not only outstmarted you, but would rather burn the cash than let you take profit. An endless source of not only deflation, but sodium chloride as well
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Benido
@benido
Why burn if we can donate to public goods? (Or at least split the amount into two parts, 50 burn, 50 protocol guild)
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Benido
@benido
Also my prediction would be that the bot goes broke at the end of the bull market because of the strong cyclical forces and the bot still being too bullish when it should be bearish.
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OTTI🎨🖌🎩
@zeuzc
I think Simmi on twitter already does something like this
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Darryl Yeo 🛠️
@darrylyeo
Who's building this?
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Brent Schulkin
@schulkin
This is such a wild idea
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Stuart
@olystuart
Probably will see things like that soon for a lot of coins. Eliza/ai16z framework for community trading bots is close. Pair with Bankr for on-feed trading. Would be cool with Eth because it could get big, but also would be cool to do for something like tn100x, degen, etc.
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