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Li Jin
@li
I don't understand the reasoning behind "AI agents will need to transact via crypto" - why? I've seen AI agents where users just auth with their own traditional payment credentials to interact with websites. Why crypto? (trying to engage in a good faith discussion)
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Aleph 🎩 ↑
@aleph
I think the best argument for this is a lot more automation/programmability: If AI wanted to round trip a currency trade, it’s too hard to do in trad fi: needs to login to BoA, send to fidelity, use fidelity API to do trade etc. The moment anyone in that chain has a closed system or no API, difficulty spikes.
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Li Jin
@li
How does giving the agent a crypto wallet solve the lack of API problem?
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Aleph 🎩 ↑
@aleph
Everything onchain is “programmable” by the AI Eg if the AI needed to hire someone to do a task, it would just use bountycaster and pay with crypto (can use uniswap to change to a specific currency if needed). Much easier than spinning up a task rabbit account, potentially doing some Kyc, adding card details. Worse if you had to pay a hire in say Argentina. Another consideration would be better/more granular permissions eg “Siri AI is allowed to only spend $100 on a Nike website”; can do very well with smart wallets; harder with traditional cards (this example is actually possible in corporate finance but not really in personal finance)
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