Could AI Agents disrupt the crypto space?

9 replies 439 views
wolf2020Senior Member
Posts: 232 · Reputation: 1262
#1Jan 7, 2020, 07:25 PM
So there’s this thing called "AI Agents" that are basically like automated bots doing specific jobs, all thanks to AI. Just think about it for a sec. What if these AI agents start creating their own cryptocurrencies and launching them for everyone? They could even mine or stake their coins for profit. Plus, these agents could trade all on their own without needing any human help. Right now, crypto users and developers gotta deal with KYC and various regulations to get anything done. But AI agents? They’re not human, so they wouldn't have to follow those rules. If they decide to go wild and start pumping out crypto left and right and trading it on big markets, we could be in for a serious mess. Do you guys think AI agents could really stir up trouble in the future? Or is it too soon to say? Would love to hear your thoughts on this. Thanks!
8 Reply Quote Share
pixel2014Hero Member
Posts: 857 · Reputation: 4132
#2Jan 7, 2020, 10:04 PM
I do not see this surprising because AI has been created that teache other AI. I have also read about AI doing things like this, but not about cryptocurrencies. For their own benefits or for the benefits of the people that are using the AI for the purpose? It is too early to conclude.
1 Reply Quote Share
jake_gweiSenior Member
Posts: 346 · Reputation: 1359
#3Jan 7, 2020, 10:53 PM
AI can be used to exploit a smart contract which has happened quite frequently recently, it wouldn't stop at just manipulating but it's very well capable of doing all those things you mentioned. If you carefully observe latest news about MEV jaredfromsubway.eth and how hackers could drain $15M with fake token setup, the hacker might be using AI to analyze the weak point. But it's hard to tell which attack is using AI because hacker don't tell, but manipulating crypto is very well within the capability of an AI agents hence it's not possibility anymore, it's real.
0 Reply Quote Share
shard_altMember
Posts: 20 · Reputation: 112
#4Jan 8, 2020, 03:06 AM
Many platforms provides API that way today AI agents can easily access the market and trade how the owner wants. But AI itself can't run on its own without owners command. AI is full of codes obviously government will punish only to the owner. "If a dog bites a neighbours only owner gets blamed not the dog"
2 Reply Quote Share
quantumsageFull Member
Posts: 118 · Reputation: 424
#5Jan 8, 2020, 04:41 AM
Not to think, AI agents can manipulate the crypto market. AI agents creating tokens, trading on their own, mining on their own, staking on their own, adding their own liquidity without human intervention? Then who will move except the man himself behind him? For me it is too early to say this, although now the development of AI technology is developing rapidly, there is still no one to do that you think.
1 Reply Quote Share
leo42Full Member
Posts: 89 · Reputation: 510
#6Jan 9, 2020, 04:02 AM
The possibility is not that remote; they are evolving and upgrading, and some of them have a mind of their own to analyze and take action. I have tried it on one AI I'm using; all actions depend on the prompt you feed into the AI. The cleaner the prompt, the better the result you will get from an AI. So if you have a good prompt-making AI, it can do that one day. AI is getting better, and the possibilities for what it can do are beyond our imagination.
3 Reply Quote Share
jake365Full Member
Posts: 214 · Reputation: 688
#7Jan 9, 2020, 04:54 AM
Of course they can be regulated as they are owned by a person running them on their servers. Or are you saying that if these bots started to make CSAM for money, or planned assassinations, police wouldn't be looking for the owner of that server slot? That person will also have a backdoor for cashing out these AI's wallets or that owner isn't very smart. Just like if you build a physical autonomous robot that learns as it goes and it doesn't have any limitations, you are going to be blamed if it goes to killing spree.
1 Reply Quote Share
maxi2017Senior Member
Posts: 262 · Reputation: 1550
#8Jan 9, 2020, 08:49 AM
You dont have to imagine it, it is already happening.  Have you ever heard of an AI agent called Terminal of Truths.  Look it up. That is not true.  At least not yet.  First, AI agents dont exist in a vacuum.  They run on servers owned by corporations.  Governments dont need to put handcuffs on an AI; they just send a legal notice to Amazon Web Services, Google Cloud, or whoever is hosting the bot and pull the plug.  Also, AI agents are just tools, and like any other tool there is always a human element involved.  There is at least a developer or whoever launched the bot.  We have already seen what happened with developers of decentralized mixers and smart contracts.
1 Reply Quote Share
darklordSenior Member
Posts: 226 · Reputation: 1417
#9Jan 9, 2020, 11:00 AM
There's intense competition in AI because it's an industry now, and there's a possibility that a rogue developer will come in and create one for the black market. The government should pass or create a law that will regulate what they can and cannot do. AIs are prompt-based; the clearer the command, the better the AI can give results. Although they are not yet in place to cause mayhem in the market, there's a possibility that they will, given the enormous amount of information they can access and use to take action.
5 Reply Quote Share
sat_chainMember
Posts: 61 · Reputation: 195
#10Jan 9, 2020, 02:21 PM
I think it is important to note that the packed ones are not, like stuff like chatgpt or claude or gemini or even maybe grok (not sure about grok) would not hack and help you steal money. Most of the time, if there is a hacking with any AI then it is usually based on a customized AI that people used the basis of some other one, like open source, but built something on top of that themselves and this is basically just machine learning, if you put enough time and hours into it, it will learn to do whatever you ask it to, in this case hacking.
0 Reply Quote Share

Related topics