Vitalik on AI and crypto

 …we can expect to see in the 2020s that we did not see in the 2010s: the possibility of ubiquitous participation by AIs. AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia – and if that’s not enough, they can even be integrated with real-time web search
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…we can expect to see in the 2020s that we did not see in the 2010s: the possibility of ubiquitous participation by AIs.

AIs are willing to work for less than $1 per hour, and have the knowledge of an encyclopedia – and if that’s not enough, they can even be integrated with real-time web search capability. If you make a market, and put up a liquidity subsidy of $50, humans will not care enough to bid, but thousands of AIs will easily swarm all over the question and make the best guess they can. The incentive to do a good job on any one question may be tiny, but the incentive to make an AI that makes good predictions in general may be in the millions. Note that potentially, you don’t even need the humans to adjudicate most questions: you can use a multi-round dispute system similar to Augur or Kleros, where AIs would also be the ones participating in earlier rounds. Humans would only need to respond in those few cases where a series of escalations have taken place and large amounts of money have been committed by both sides.

This is a powerful primitive, because once a “prediction market” can be made to work on such a microscopic scale, you can reuse the “prediction market” primitive for many other kinds of questions:

Is this social media post acceptable under [terms of use]?
What will happen to the price of stock X (eg. see Numerai)
Is this account that is currently messaging me actually Elon Musk?
Is this work submission on an online task marketplace acceptable?
Is the dapp at https://examplefinance.network a scam?
Is 0x1b54….98c3 actually the address of the “Casinu Inu” ERC20 token?

You may notice that a lot of these ideas go in the direction of what I called “info defense” in .

There are many other points, such as AIs as oracles, read it here, interesting throughout.

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 Economics, Uncategorized, Web/Tech