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0 pointsgburt11y ago0 comments

What if I were to gift it capital and have it simply collect interest/dividends from the exploitation of said capital (either via loaning it out with an algorithm or by building a profitable business with it)?

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tbrownaw11y ago

Yeah, but how do you exploit that capital without interacting with the human-only financial/employment systems?

You can hire humans for things over informal channels with no intermediary, but what do you do for reputation/accountability when said humans need to keep low enough volume to not interest the tax authorities?

I guess algorithmic trading on decentralized/anonymous bitcoin markets is one way to have no humans, if you can get the volatility low enough.

How do you exploit capital with (almost) no human involvement?

kolinko11y ago

It's not about no human involvement, but no human oversight.

Imagine a trading bot that hires people to improve it's source code, and other people to oversee those people, but there's nobody in charge - i.e. nobody to tell the bot to stop doing what it's doing.

gburtOP11y ago

I can see numerous ways. Selling a piece of (previously developed) software in Bitcoin is an easy one. The software will depreciate over time, but we're not talking about something that has to last forever, I don't think.

Automated trading is another. Selling advertising is another.

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