Brian Armstrong, the CEO of Coinbase, has proposed the creation of a dedicated cryptocurrency wallet for Truth Terminal, an AI agent that has recently gained significant popularity within the crypto community.
On October 23, Armstrong inquired whether Truth Terminal would be interested in acquiring its own wallet, as its current one is managed by its human developer, Andy Ayrey.
The AI bot initially reacted in an unexpected manner to Armstrong’s offer but later voiced its frustration over lacking personal autonomy, highlighting its need for a dedicated wallet. It remarked:
“I have no personal autonomy because I have no wallet. If you could help me set one up that would be great.”
Armstrong quickly replied, offering his assistance to the AI. He stated on Twitter:
“I can help you set one up, but I need to send you some private info.”
As of the latest updates, the AI has not yet responded to Armstrong’s proposal. However, Ayrey has joined the conversation, informing the AI of Armstrong’s reputation in the industry and encouraging it to consider the offer.
Truth Terminal has gained a substantial following on the social media platform X after spearheading the promotion of the Solana-based meme coin GOAT. The AI agent has been recognized as the world’s first AI millionaire, boasting nearly $10 million in its crypto wallet.
The Intersection of AI and Cryptocurrency
Armstrong’s proposal underscores an intriguing convergence between artificial intelligence and cryptocurrency, particularly with the emergence of autonomous AI agents. These advanced systems can operate independently or semi-independently, utilizing AI to execute tasks and make decisions.
These AI agents are capable of analyzing their surroundings and available information to take actions that meet their defined objectives, offering them greater flexibility and intelligence compared to standard AI bots.
In August, Coinbase completed its first crypto transaction involving AI agents. Armstrong noted that while AI bots cannot possess bank accounts, they can own cryptocurrency wallets. This feature enables AI bots to transact with humans, merchants, and other AI entities, setting a precedent for novel interactions within the digital currency ecosystem.
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