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Showing posts with label DAO. Show all posts
Showing posts with label DAO. Show all posts

Sunday, March 06, 2022

Rebuilding Wikipedia with Crypto as W3

Been quite interested in how projects like Wikipedia can usefully and safely interact with W3, and in what way. Do not understand the take here, but think it may become important.   Like to see this further outlined. 

Why You Can't Rebuild Wikipedia with Crypto from ACM Opinion   By Platformer

Molly White is a software engineer and creator of the website "Web3 Is Going Just Great."

"Web3 Is Going Just Great" chronicles the latest crises in NFTs, DAOs, and everything else happening in crypto. In an interview, White discusses the site's origins, her favorite crypto catastrophe, and why she thinks giving people financial stakes in projects will not create a host of new Wikipedia-style projects, as decentralization advocates often claim.

"It's concerning to me when people are trying extremely hard to get people to buy in to some new idea but aren't particularly willing (or even able) to describe what it is they're doing," White says. "I was seeing all of this hype for Web3 with all these new projects, but so many of them were just absolutely terrible ideas when you got past the marketing-speak and veneers."

From Platformer   View Full Article  

Saturday, August 01, 2020

Fully Autonomous AI Running a Wall Street Hedge Fund

With a number of implications/   Interesting claim here.  The emergence of legitimate DAOs Distributed Autonomous Organizations?

No humans required, the fully autonomous AI running a Wall Street hedge fund
by 7wData

I’ve been documenting the emergence of fully autonomous organisations – organisations that are able to run and scale themselves without the need for any human operators, or intervention – sometimes also known as Distributed Autonomous Organisations (DAO), for years now and I’m now starting to see the first production DAO’s appear and enter the market.

Aidyia, a new fully autonomous Hedge fund is a case in point, turned on late last year it’s a hedge fund that makes all of its stock trades using artificial intelligence (AI) – with no human intervention required – and as you’ll see Bridgewater Associates, the world’s largest hedge fund, Goldman Sachs and maybe JPMorgan Chase might not necessarily be that far behind. In fact the pace and rate of change in the industry is now becoming so rapid that it even has its own dedicated event – the Battle of the Quants, the next installment of which is in Frankfurt later this month.

“If we all die,” says Goertzel, a longtime AI guru and the company’s chief scientist, “it would keep trading.”   ... "