Liron
Joined 17 years ago
Joined 17 years ago
Right now they say USDC:Yes and USD:No. They could easily say yes or no to either one at any time. Blockchain as technology is irrelevant.
The US gov let Circle be a less-regulated bank than other banks. This is called "regulatory arbitrage". You can take advantage of it by checking the box that you have a "blockchain".
Stripe noticed "wow, things labeled blockchain are nice for some people to use" because of this dumb inconsistent banking regulation situation.
Stripe doesn't mention that the underlying tech is impotent, they just have to play along, and here we are.
The problem is temporary: good AI agents don't exist, because sufficiently intelligent AI doesn't yet exist.
(Agency and broad-domain intelligence are basically the same thing. Being able to answer questions relevant to planning is planning.)
This state of affairs is in stark contrast to the crypto/Web3 space, where no one ever presented a use case even conditional on the existence of good blockchain technology.
It's easy to mistake this piece as making an argument for accelerating AI development by touting the virtues of techno-optimism. It's not, though.
The claim that "AI has a high risk of becoming unaligned & uncontrollable in our lifetimes", if sufficiently true (e.g. 99% confidence), implies that the current speed of AI development is unwise, independent of how much one likes techno-optimism in general.
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