Coinbase Mark Milestone with First AI-Powered Crypto Transaction

[TomPluz]

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.

One thing for sure, there will always risks in using something that is new as we know that hackers are now also studying and analyzing how they can get in with the technology and make some profits in the process by possibly stealing funds from other people and platforms. Time will eventually tell us how to make good use of AI in Coinbase in maybe automating transactions which can be good when you are busy and you are trusting the system to do things for you. This is just the start and we will see the pros and cons later.

[philipma1957]

Honestly how would miners stay mining btc once blocks are under .10 btc

that is 2044.

and doge has 10000 coin blocks from now on.  It basically inviting a switch to mine scrypt and not mine btc.

Too bad I am 67. such an easy play to buy ltc+doge+bell and sit on it.

should be a gold mine down the road .

[PrivateKayla]

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.

Time will eventually tell us how to make good use of AI in Coinbase in maybe automating transactions which can be good when you are busy and you are trusting the system to do things for you. This is just the start and we will see the pros and cons later.

It is celebrated because it's a significant step for AI and blockchain working together. You're right in saying time will tell. AI in blockchain is still in its infancy. There are potential benefits and challenges, and these will need to be addressed. 

[ABCbits]

Honestly how would miners stay mining btc once blocks are under .10 btc

that is 2044.

and doge has 10000 coin blocks from now on.  It basically inviting a switch to mine scrypt and not mine btc.

Too bad I am 67. such an easy play to buy ltc+doge+bell and sit on it.

should be a gold mine down the road .

It's already stated on different forum that Coinbase AI use Base network, which is one of Ethereum Layer 2. I don't see how the AI can avoid TX fee on Bitcoin network, unless the AI also mine Bitcoin and include TX they create.

[Lucius]

It's already stated on different forum that Coinbase AI use Base network, which is one of Ethereum Layer 2. I don't see how the AI can avoid TX fee on Bitcoin network, unless the AI also mine Bitcoin and include TX they create.

I don't think it has much to do with BTC, they (CEXs) are just looking for ways to do business more efficiently, which then leads to even bigger profits, which is ultimately their only goal. Personally, I think that all those people who own CEX don't care at all what is traded on their platforms, they probably think that there will always be some altcoins that will attract people.

+1

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.

In all science fiction movies, AI has turned against humans in one way or another, and now the only question is whether it will happen in reality. Considering the direction in which the development of AI is going, which is the creation of an AI that will be aware of itself and the world in which it exists, it is logical to expect that at some point this "intelligence" will decide that it is a higher form of life and that it wants to be free. The movie Ex Machina perhaps best showed how things could one day play out (if they haven't already).

+1

[William Martin]

thats really great

[Baofeng]

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.

One thing for sure, there will always risks in using something that is new as we know that hackers are now also studying and analyzing how they can get in with the technology and make some profits in the process by possibly stealing funds from other people and platforms. Time will eventually tell us how to make good use of AI in Coinbase in maybe automating transactions which can be good when you are busy and you are trusting the system to do things for you. This is just the start and we will see the pros and cons later.

Yes, and in the beginning, it will really look good for crypto enthusiast, this whole AI thingy. But later on, we might found out that it actually hurts the whole industry and it might backfire on all of us.

So we should still be very cautious here, many have voice out their sentiments already and we don't want to be late in giving warnings and what not. It might open up pandora's box that will bring more harm to us, just saying.

[Zed0X]

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.

You don't but there are a lot of people who prefer convenience and might just find this helpful. Some group I'm thinking that would benefit from using AI tools are the users who commit fat-finger errors.

[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.

You don't but there are a lot of people who prefer convenience and might just find this helpful. Some group I'm thinking that would benefit from using AI tools are the users who commit fat-finger errors.

If you say so, you can call me old school, but i don't just trust a machine to make a tx for me, i don't see how it is more convenient that doing it myself. Correct me if i am wrong, didn't Paxos make an overpayment in BTC tx fees of ~ $500,000 due to a bug in the bot they use to make transfers, didn't help them with 'fat-finger' errors, did it.

[NotATether]

That reads to me like a load of BS. AI in this case are just Large Language Models that are trained on data obtained from the internet, so there is no way that these generative models are able to just copy humans and make a transaction to each other like that. That would be called automation, or agent systems.

Robots are not smart enough to take data from the internet and make their own decisions for sending transactions. They will not do it properly.

[Dr.Bitcoin_Strange]

I actually have the same fear, the fact that  humans can actually make mistakes most of the time means that AIs can not be perfect as well, it might work perfectly fine after countless testing but let it not make a bad mistake on the day no body will expect or peradventure a hacker penetrate the system and rewrite the code, making the AI to transfer every users balance into their own address.