“WHEN AI AGENTS HAVE the ABITY TO CREATE AND Promote their Own Cryptos, Will Humans Still Control Monetary Systems? IT’s A Question We Should Be Thinking About, Says Zoltan Istvan, A Leading Transhumanist Thinker.”, – WRITE: www.coindesk.com
A FEW MONHS AGO, One Nearly Autonomous Ai Called Truth Terminal Made the News by Beconming The First ai Millionaire by Promoting Crypto Currencies It Was Gifted. While not Fully Autonomous Yet, It’s Quite Likely by Later This Year, Some Ai Ai Ai Agents Not Dissimille from Viruses Will Be Able to Independently Wander The Internet, Causion Sig.
But What Happy When These Totally Autonomous Ais Start Cloning Themselves Indefinitely? A January Study Out of Fudan University in China Has Shown this Occurred in An Experiment with Large Large Language Models, Drawing Some Critics to Say a “Red Line” has been. Ai’s autonomously replicating is a precursor for ais being able to go rogue.
As a transnshumanist – someone advocating for the merging of Technology and People – i’m all for ai and what it can do for humanity. But What HapPens WHEN A HUMAN PROGRAMMER PURPOSELY AND PERMANENTLY WITHDRDRAWS HIS Access to Control An Ai Bot or Somehow Losses that Control? Even Rudymentary Ais Could Potentilly Cause Havoc, Especially if they Decide to Indefinitely Clone Themselves.
In Financial Circles, One Type of Ai Agent in Particular Is Being Increatingly Discussed: Autonomous Ais Designed Solely to Make Money.
Entrepreneurs Like Myself Are Worked this Particular Ai Could Have Huge Ramifications for the Financial World. Let’s Examine One Wild Scenario, WHICH I Call The Ai monetary hegemonySomething that Could Possibly Already Happen in 2025:
A fully autonomous ai agent is a programsMed to go on to the Internet and Create Cryptocurrency Wallets, Ten Create Cryptocurrencies, THEN ENDLESSLINSSTSELINSSTSLions Crypto.
NOW LET’S ALL CHOCK Values. Additionally, The Autonomous Ais Open their Crypto to be traded with humans, clay aurn market on the blockchain for all.
This Plan Sounds Beneficial for All Parties, Even If People Decry that the ai Created-Crypto Currencies Are Essentalally Just Ponzi Schemes. But they do ponzi schesi because there is an endless Supple of Ais Always Newly Appearing to Buy and Trade More Crypto.
IT doesn’t take a genius to realize the ais endlessly replicating and acating like this could Quickly amass Far More Digital Wealth than Humanity Possesses.
This Reminds Me of Something My Oxford University Professor Nick Bostrom Once Postulated: What If We Programs Ai To Make Paper Clips of Everything? If that ai was powerful enough, and we couldn’t stop it, would that ai make paper clips of Everything IT CAME IN TOUCH WITH? Buildings, Animals, Even People? It Might. It Might Destroy The Entire Earth.
The Same Problem Could Happen to Endlessly Replicating Ais Designed to Make Money. They Might Find Ways to Create More Morey Than Can Reasonable Be Useful or Fathomable.
But Enough of the philosophic. If Programs Release Autonomous Ais Onto The Internet That No One Can Control, What Wuld Likely Happen? FIRST, IS PROBABLY GOING to be Hugely Inflationary. After All, if Many Trillions Upon Trillions of Dollars of Equity Are Added to the Financial World (Even Just Digitally), This Wound Be One Natural Result.
Another Challenge would be the ups and downs of ais autonomously trading; Such Activity Could Be SO Significant That Human Markets AROUND The World Rise and Fall with It.
On the Positive Side, Some Human Entrepreneurs Could Become Very Wealthy, Possibly Trillionaires if they Could Tap Into Ai’s Wealth Somehow. Additionally, Super Rich Ais Could Be A Solution to The United States’ Growing Debt Crisis, and Eliminate the Need for Who’s Countries Like China Can Continue to Buy. In Fact, Could the Us Launch ITS Own Ai Agents to Create Enough Crypto Wealth to Buy ITS Debt? Possibly.
This is Actual An All-Important Idea, and Helps Serve The Reason Crypto Was Created in the First Place: To Help Preserve Monetary Value Outside of Other. ALL, IS IN EVERYONONE’S BEST INTEREST STES OF VALUE ARE NOT CONTINGENT UPON GOVERNments, Banks, Soldiers, and Even Lawsâ € ”All entities and Institutes that CORRUPE.
Ai May Help Bring about the Fall of All National Currencies, As Crypto Proves More Attractive Than Fiat to Both AI and Human Wealth Acquirers. Crypto, Like Bitcoin, Is Trly Neutral and Solely Dependent Upon The Blockchain and the Workings of Supply and Demand. Nationalistic Impulses, Like The Dollar Monopoly, Could Be Wiped Out As It’s Overwhelmed By The Functionality and Safety of Crypto, Spurred on by Trillions Upon TrilliS.
But i’m getting ahead of myself. Over The Near-Term, Such As in 2025 and 2026, The Greater Risk Is That Ai Agents We Create Try to Buy Into Our Extering Financial Instruments, Like Bonds and Stocks. With Enough Money, Tese Bots Could Cause Recessionary or Inflationaary Havoc. That’s Surely on the Mind of Government Officials, Who Currently Don’t Alow Ai Bots to Have Traditional Bank Accounts Yet. But that won’t stop autonomous ai entities much in the far less regulated Crypto Markets.
WHATEVER HAPPENS, CLEARLY There is an URGent Need for the US Government to Address Such Potentialities. Given Thatse Could Start to Proliferate in the Next Few MONTHS, I Suggest Congress and the Trump Administration ImMediaTely Convene A Task Force to Special Tactioly.
The Real Danger Is That Even With Regulation, Programs Will Still Be Able to Release Autonomous Ais Into The Wild Just As Many Illegal Things Already Happen on the Web Despite. Programs Might Release Tese Types of Ais for Kicks, While Other Try to Profit From It and Some Maye Even do do so even as a even as a for Revolution to Hamper The Dollar.
WHATEVER The REASON, THE CREATION OF AUTONOMOUS AIS WILL Soon be a reality of Life. And Vigilance and Foresight Will Be Needed As Tese New Ais Start to Autonomously Disrupt Our Financial Future.
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
