Coinbase Mark Milestone with First AI-Powered Crypto Transaction

[ABCbits]

Coinbase Mark Milestone with First AI-Powered Crypto Transaction

Coinbase marks first AI-to-AI crypto transaction, enabling instant exchanges with no fees amid enhanced artificial intelligence capabilities.

Coinbase CEO Brian Armstrong recently announced a significant development in integrating artificial intelligence with crypto transactions. This milestone event marked the first-ever cryptocurrency transaction between two AI agents, which utilized AI tokens to exchange services and capabilities between different AI systems... Read more here.


The news doesn't explain what kind of AI they use. But if they use chatbot (e.g. ChatGPT), i certainty hope the AI won't make mistake entering address, amount or fee. Your opinion is greatly appreciated.

[yhiaali3]

Of course, this is a big event that deserves to be celebrated, because it is unprecedented and the first of its kind in this field.

But honestly, I did not fully understand the need for this exchange between two AIs? I mean, what are the benefits that users will gain from having AI do the transactions instead of them?

Of course, I understand that AI will be very useful in cases such as automated trading and so on, but I did not understand what its benefit is when sending a transaction from one person to another?

[Baofeng]

If I'm not mistaken, Coinbase has been the pioneer of AI, but yeah there are a lot of questions like what AI they are going to used. And what if this AI has been hacked or breached and then stole money from their customers.

And just like any pioneering, at first there are doubts and questions, but hopefully, once everything has settled down, they will fix any broken "links" and patches it before any criminals find that loophole and exploit it.

[bitterguy28]

Of course, this is a big event that deserves to be celebrated, because it is unprecedented and the first of its kind in this field.

the connection of both crypto and ai is definitely something to be celebrated as this reflects just how much advances and development we have made in technology i am excited to see what can we do in more years

I mean, what are the benefits that users will gain from having AI do the transactions instead of them?

for one it reduces the possible error from our part a lot of times we input the wrong information and we send to the wrong person but i am assuming that with ai this is resolved

[ABCbits]

But honestly, I did not fully understand the need for this exchange between two AIs? I mean, what are the benefits that users will gain from having AI do the transactions instead of them?

I may be wrong, but they probably aim for more advance or complex automation.

If I'm not mistaken, Coinbase has been the pioneer of AI, but yeah there are a lot of questions like what AI they are going to used. And what if this AI has been hacked or breached and then stole money from their customers.

Looking at commercial AI, i would worry more about the AI being bugged or not as smart as advertised rather than the AI got hacked or breached.

[yhiaali3]

I mean, what are the benefits that users will gain from having AI do the transactions instead of them?

for one it reduces the possible error from our part a lot of times we input the wrong information and we send to the wrong person but i am assuming that with ai this is resolved

Yes it is possible, but I think it is still too early at the moment because AI is also prone to errors, it is programmed and taught information by humans and therefore any small error can lead to a series of successive big errors.

Yes with further development we could see an entire generation working with AI almost without errors, in which case I wonder where the role of humans will be?

[hugeblack]

Trading bots were considered a type of AI-to-AI crypto transaction where the transaction was followed by simple commands and not a huge library of learning libraries. This type of news is intended for PR campaigns and not a real development that the platform can be proud of.

[Captain Corporate]

Honestly, considering these new AI mania is just data feeding to machine learning, we have to say that it is going to have a lot of troubles, based on whatever you feed it. This is why I always say that AI is not as close as you think. Right now people see some images, even some videos as well in short form, and think that it must be very close. But the "logic" is not there, its not thinking, its just giving you back what you already fed it and nothing more, it can't think so it doesn't exist. This is why its still very risky for anyone to do anything about it, we should consider this to be a very boring case.

[MrSpasybo]

Honestly, considering these new AI mania is just data feeding to machine learning, we have to say that it is going to have a lot of troubles, based on whatever you feed it. This is why I always say that AI is not as close as you think. Right now people see some images, even some videos as well in short form, and think that it must be very close. But the "logic" is not there, its not thinking, its just giving you back what you already fed it and nothing more, it can't think so it doesn't exist. This is why its still very risky for anyone to do anything about it, we should consider this to be a very boring case.

Yeah, I don't see any opportunities for myself in this event. Perhaps AI will only help exchanges or trading bots when conducting high-frequency trading to profit from price differences in the market. This has been applied for many years, but the development of AI has been able to improve efficiency and profitability for those who use them.

I don't think I'll soon ask any AI to open my CEXs account to automatically trade for me, or to buy and sell a few tokens according to certain criteria. I want to be in control of my crypto assets, AI can help me synthesize information but shouldn't be allowed to touch my accounts and my private keys.

[Lucius]

Reading between the lines, this can be interpreted as an effort to replace people more and more with AI, which of course means that people like this CEO will have more profit at the end of the year. This is of course good for the owner and all those managers, but for ordinary people who will probably lose their jobs more and more because they are becoming less intelligent and more capable than AI, this is by no means good news.

Maybe those AI agents could replace the CEO one day - I'm sure they wouldn't like that, right?

[philipma1957]

Reading between the lines, this can be interpreted as an effort to replace people more and more with AI, which of course means that people like this CEO will have more profit at the end of the year. This is of course good for the owner and all those managers, but for ordinary people who will probably lose their jobs more and more because they are becoming less intelligent and more capable than AI, this is by no means good news.

Maybe those AI agents could replace the CEO one day - I'm sure they wouldn't like that, right?

This is pretty much  the end of btc.

They said it is a fee less method.

btc reward

2024 = 3.125
2028 = 1.5625
2032 = 0.78125
2036 = 0.390625
2040 = 0.1953125
2044 = 0.09765625                   if Ai makes btc fee less and  rewards are vanishing



doge reward             if ai makes doge fees vanish and rewards are constant
2024 = 10,000
2028 = 10,000
2032 = 10,000
2036 = 10,000
2044 = 10,000


do we see that btc looks weak compared to doge in a short 20 years will most mining shift to doge?

2048

[Z-tight]

I don't really see the exact purpose of this, i am surely not going to need any bot to make transactions for me, i can do that myself and i have been doing it for a long time without problems. I don't know if services like Coinbase are developing machines like these to perform tasks for them in their exchange, tasks that humans may have performed, that is what it looks like to me.

[philipma1957]

I see it as an attack on BTC and a way to boost  Doge.

How do we continue mining btc when rewards shrink to 0.0976... btc a block

fees would be gone if AI gets their way.

[BitMaxz]

I see it as an attack on BTC and a way to boost  Doge.

How do we continue mining btc when rewards shrink to 0.0976... btc a block

fees would be gone if AI gets their way.

It is more like an attack on BTC and I see many things that can affect the use of BTC with AI not just only the mistakes that AI made but also manipulation.
Miner's one of the big help in securing transactions if they are gone it would be a disaster.

Zero fees are interesting but they sacrifice the protection of the BTC network.

[Jating]

Reading between the lines, this can be interpreted as an effort to replace people more and more with AI, which of course means that people like this CEO will have more profit at the end of the year. This is of course good for the owner and all those managers, but for ordinary people who will probably lose their jobs more and more because they are becoming less intelligent and more capable than AI, this is by no means good news.

It's all business for them I guess, still in the money making business with this whole AI hype and everyone wanted to join the bandwagon. I do hope though that despite of this, Coinbase will still have their people or at least fraud department to check every transactions.

Maybe those AI agents could replace the CEO one day - I'm sure they wouldn't like that, right?

That will be ironic though, and I'm thinking that probably the sci-fi movies that we have seen in the past that AI is taking over could be close to reality at this timeline and it's scary to think about it.