zlacker

Why the hell would you need a blockchain for automatic payments? Bots that performed financial transactions existed long before “crypto”.

>>codefl+(OP)
The ordinary financial system is constrained by a lot of regulation and it won't let an AI open an account.

>>direwo+lh
Good, KYC exists for a reason. Why does AI need to open an account, anyway? Just give it a debit card with a limit, not a whole new account and contract with a bank.

>>Boppre+ao
The limit of a debit card is the money in your account.

The bank would argue that an AI using your account on your behalf is fraud.

>>direwo+Fs
Those are much easier problems to solve, and surely already solved by some fintechs, than bringing cryptocurrencies to the minimum legal compliance and meeting performance requirements.

>>direwo+lh
How unreasonable that I can’t make my computer pretend to be a fiduciary.

Those awful regulations won’t let me say the “computer ate my homework”. Imagine.

>>direwo+Fs
My debit card has specific limits, far less than all my funds. There also exist pre-paid cards, ideal for things like this.

>>Boppre+rt
They don't intend to meet the legal compliance requirements. That's the reason for using cryptocurrencies — avoiding compliance.