Bitcoin related marketing has now saturated the consumer industry and people are beginning to reimagine the future. Almost everyone has heard about digital money being bought and sold indiscriminately by people around the world at this point so simple promotions will no longer meet digital currency holders value expectations of the network, enough of the hype and bring on the data! *photo from #rta

Money

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Bitcoin continues to be promoted relentlessly by the main stream media

This video by Bloomberg business seems to be the pitch that started it all this season.

The site continued to see its traffic rating drop this year could this campaign be a last ditch effort to recover losses?

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So just who is converting the us money supply to Bitcoin and why?

Justin Connell from Bitcoin.com gives us his answer;

Bitcoin.com is a website sharing news and economic data about the BTC network

“It’s a legal fiction that they are an entity separate from an individual person,” he told Bitcoin.com. “Entity-hood means corporations can own property, and that they are liable. They are sued instead of individuals running the company.”

Like a corporation, robots will soon be able to hold value. “We see with bitcoin and cryptocurrencies situations where the technology allows one person to control one-fifth of an asset,” the Bloq founder explained, referring to a multi-signature transaction protocol where three out of five private key holders must sign off for a transaction to be executed. “What if the asset-holders were robot shareholders in a corporation or property? [That’s] pure code, pure robotic script. And Bitcoin helps with that. Cryptocurrency startups are building autonomous agents right now.”
 A robot and its smartphone.
“Robot scripts can hire people, they can invest in things with cryptocurrency, and hedge funds even use robot-advisors with some sense of individuality already,” elucidates Mr. Garzik, who believes self and identity are the minimum for having an ‘electronic person,’ the policy term for a robot with legal recognition.

‘Robots’ do trade amongst themselves already on Wall Street. The U.S. brokerage and banking company Charles Schwab has intelligent robot advisors, which the firm markets. On Wall Street, financial analysts are being replaced by robots that read – and react – to Twitter feeds.

Bots also read Reuters, AP, CNBC Financial Times, Bloomberg to forecast how world events might impact the market it trades – from particular assets, equities, commodities, etc.

“Both stock trades and real world events like Brexit happen so fast,” the former bitcoin core developer reasons, “that humans cannot react to this huge volume of information quickly and in an unemotional, logical manner. Crypto currencies and machine learning are thus converging rapidly.”

A Near-Future Scenario


Mr. Garzik, who specifically believes bitcoin could be the currency of narrow or artificial intelligence, suggests the European Union might recognize the inevitability of robot personhood. A draft motion of the European Parliament last summer suggested robot workers be classified as ‘electronic persons.’ Their owners would have to pay social security for them based on the amount of labor costs the employer saved by using a robot rather than a human, according to the draft European Parliament motion dated May 31, 2016.

Robots could claim copyright on intellectual property and trade money, if the EU adopted the draft. Alongside private property and other legal rights for robots, society will need to determine how one can sue a robot who is liable for damage.

“Bitcoin is such a natural thing to pair with AI,” says Richard Craib, founder of Numerai, a data-based San Francisco hedge fund. “Maybe not super important to consumers, but when you want to have software interacting anonymously and people submitting predictions to hedge funds, it makes a lot sense.”

In a future where a property can own itself, Mr. Garzik wonders, “What happens when your toaster notices your refrigerator has a fault and shorts the stock of the refrigerator manufacture in bitcoin?”

Justin Connell writing for Bitcoin.com
https://news.bitcoin.com/bitcoin-currency-artificial-intelligence/

Ted talk on bitcoin

Garzik 2017

"Mr. Garzik, who specifically believes bitcoin could be the currency of narrow or artificial intelligence, suggests the European Union might recognize the inevitability of robot personhood." Justin Connell

Robots deciding their own value? Has the competition in the tech industry really been reduced to this peasly cop out for scientific and technological progress? These priorities seem to have been misaligned with our realty.

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h ttps://www.youtube.com/watch?v=zo6RopWuBlU, h ttps://news.bitcoin.com/bitcoin-currency-artificial-intelligence/, h ttps://www.alexa.com, h ttps://www.bloomberg.com, h ttp://strategiccoin.com/metronome-interview/, h ttps://www.youtube.com/watch?v=SWloPVpkp1w

CNW™ _________13/12/17
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