In a recent post on the X platform, Bitwise CEO Hunter Horsley drew an insightful analogy between the future development of autonomous artificial intelligence (AI) agents and the historical invention and evolution of companies.
Horsley pointed out that less than 200 years ago, the United States passed a law allowing the widespread creation of non-human autonomous entities, which are companies.
Today, most of the facilities in the world are not designed for human service, but rather for corporate service, exemplifying the rising prominence of these artificial constructs.
The Current Corporate Financial System
Companies today operate through a well-established system – they trade using legal currency, borrow through the bond market, determine ownership through the stock market, and reach agreements through courts and contracts.
This sophisticated ecosystem has facilitated the growth and operations of these non-human entities over the centuries.
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The Need for a New AI Transaction System
Horsley argued that for the anticipated AI agents of the future, a whole new system will be required.
This system, he proposed, should be encrypted, utilize stablecoins and Bitcoin for transactions, borrow through decentralized finance (DeFi), employ smart contracts, eliminate the need for courts, and feature tokenized ownership and governance.
Cryptocurrencies as the Foundation for the New System
Horsley emphasized that cryptocurrencies are not merely digital versions of gold or stock-like investments, but instead have the potential to create an entirely new, independent financial system and property system for entities in the digital world.
This visionary perspective underscores the transformative role that cryptocurrencies can play in shaping the future of AI-driven transactions and interactions.
The Timeliness of the Discussion
While Horsley acknowledged that it may be too early to have such a discussion at the present time, his forward-thinking insights highlight the need for proactive considerations regarding the integration of emerging technologies, such as AI, with the rapidly evolving cryptocurrency landscape.
As the world becomes increasingly digitized, the development of innovative financial and transactional systems tailored to the unique requirements of autonomous AI agents will be a crucial area of exploration and development.
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