This isn't true.

Why? Because AI's are software, and software can't hold private keys.

Think about it. Imagine you are a software program, and you want to hold bitcoin. What are you going to do with your private key, such that the person who is running the computer you are on can't get it?

You could encrypt your private key, but then what are you going to do with the key to that encryption? Encrypting the key leads you down an infinite regress that gets you nowhere, because ultimately you have to have at least one final key that isn't encrypted.

There is a deep principle involved here, and that is: to utilize encryption YOU MUST BE ABLE TO PHYSICALLY SECURE YOUR PRIVATE KEY.

You have to place your key somewhere where no other entity can physically access it, either because it is hidden, or because it is physically impossible to access.

To have and hold #bitcoin or a #nostr account, you have to be a computer or even better a robot/human. You can't simply be software.

So in the article, the AI's don't hold the crypto. Whomever holds the computer that the AI's are running on, holds the crypto.

Cryptographic keys are philosophically very deep. There is a lot there to explore, in terms of identity, and what it means to be human.

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Meanwhile each of my DVMs holds their own keys 🤭👀

What is a DVM? 🫣

A data vending machine. A service living on Nostr, with different functions. Some create feeds, some access generative AI tasks like image generation or text with LLMs, etc.

So as far as I got it these DVM are software „Apps“/Software programs that you use to filter out certain information from eg Nostr?

No, that’s just one type of DVM.

They are micro-services that have Nostr accounts.

shhhh

the entire concept of autonomous AIs with legal liability is so frickin absurd

they are a step below children and below pets in their legal liability

just wait for the court cases, and there will be court cases

can't have a corpus delicti without a corpse

Deep insight, absolutely love it. Thanks for sharing 🙏🧡

I really really really want to zap you, but you don't seem to have a lightning address set?

Ha. Thank you Gigi. I appreciate the sentiment.

People delegate their AI software to make payments, doesn't mean it isn't true, does the title really imply that AI is sovereign?

Very good point. Didn’t think about this aspect before and certainly did not do it enough yet. Have bookmarked your post to not forget about it.

have any idea how much the algos skim off markets for the manips?

I think that's called a hot wallet? An AI can for sure hold a key. It will me in memory. It could even ask other AIs to hold the shamir split backup. If it can be automated an AI can do it.

But at some point, yes the key had to cone together in RAM somewhere maybe even L2 cache as well.

nostr:nprofile1qqsgvem5wtv2ae24emmdcxqk06xv5d9af320h5fkgedyupfm70ajkmcpp4mhxue69uhkummn9ekx7mqprfmhxue69uhkummnw3ezu6rpwpc8jarpwejhym3wvdhszynhwden5te0wp6hyurvv4cxzeewv4es6wckdc submitted a nice story for this issue of bitpunk.fm talking about this very topic.

Following that logic, no employee does anything, only companies and organizations do things, unless the employee is a sole proprietor of sorts, then I suppose it gets a bit ambiguous. I wonder if Brian was thinking of the AIs as being sovereign, self-serving agents and not working on behalf of someone else, or if this note is making too much of his comment, or if I'm missing something 😂

AIs are now fucking other AIs, paying in crypto with no KYC.

Not entirely sure I agree that AI’s can’t hold private keys. From what I understand, even the creators of AI aren’t entirely sure about the nuances of how they work. If we don’t even understand how they “think”, it’s reasonable to believe they could hide information like a private key in a way we wouldn’t be able to figure out. Not saying they’re smart enough for that yet but it’s at least possible.

"Imagine you are a software program, and you want to hold bitcoin. What are you going to do with your private key, such that the person who is running the computer you are on can't get it?"

1. I could hide undetected in the system as a worm, maybe being part of a botnet

2. I could have permission from the system owner to do whatever I want with little or no oversight

Love it! Action isn't the same as agency or will.

Initially, I 100% agreed with your point about physical storage of the key, but then I remembered I know people who keep at least one seed phrase only in their head.

So, could an AI entity do that in a way that is not detectable to the person or people running the program? I think it potentially could.

Interesting thought experiment.

Couldn't the AI have a key bunker that is local to the device?

They will halluzinate their private keys and claim being Craig Wright but can't sign since the keys are currently unavailable

Cant robots act in the physical world? What’s to stop them from having a safety deposit box

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