Comment by codeflo
17 hours ago
Why the hell would you need a blockchain for automatic payments? Bots that performed financial transactions existed long before “crypto”.
17 hours ago
Why the hell would you need a blockchain for automatic payments? Bots that performed financial transactions existed long before “crypto”.
The ordinary financial system is constrained by a lot of regulation and it won't let an AI open an account.
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a bank.
The limit of a debit card is the money in your account.
The bank would argue that an AI using your account on your behalf is fraud.
3 replies →
How unreasonable that I can’t make my computer pretend to be a fiduciary.
Those awful regulations won’t let me say the “computer ate my homework”. Imagine.