| ▲ | direwolf20 4 hours ago |
| The ordinary financial system is constrained by a lot of regulation and it won't let an AI open an account. |
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| ▲ | BoppreH 3 hours ago | parent | next [-] |
| 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. |
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| ▲ | direwolf20 3 hours ago | parent [-] | | 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. | | |
| ▲ | BoppreH 3 hours ago | parent | next [-] | | 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. | | |
| ▲ | direwolf20 2 hours ago | parent [-] | | They don't intend to meet the legal compliance requirements. That's the reason for using cryptocurrencies — avoiding compliance. |
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| ▲ | Kwpolska 3 hours ago | parent | prev [-] | | My debit card has specific limits, far less than all my funds. There also exist pre-paid cards, ideal for things like this. |
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| ▲ | Spooky23 3 hours ago | parent | prev [-] |
| 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. |
