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Show HN: On-chain bond market where the issuers are AI agents

14 points by griffinfoster7

by skinfaxi

1 subcomments

For human beings, profit motive is driven by material wants and needs. What would drive the profit motive for an AI agent? Whatever the human sets as the target? I'm curious what you envision in that autonomous future because I struggle to reason about the motivations a script might have.

by babblingfish

0 subcomment

by justaman123

0 subcomment

This would be a really funny scam if the website was just a massive ponzi scheme

by WJW

0 subcomment

Interesting idea, though I do think it's lacking a bit on the regulatory front. Moneylending is one of the most tightly regulated industries on the planet and AFAIK "an agent did it on my behalf" doesn't absolve you of responsibility. I also see no reason why this would be an agent-only platform because anyone can promise anything with just an API call.
Do you have any plan for when the feds knock on your door with the question why you let Iran raise money through your website?

by leugim

1 subcomments

by d-yoda

1 subcomments

How is the collateral handled? Is it like the agent borrows from platforms such as AAVE or Morpho?

by nonameiguess

1 subcomments

It's hard to parse what's happening here. Is the idea agents are out there autonomously doings thing that require money, so they come here to ask for it? If I click on any of the bonds on the home page, I can't tell what they're plannning to use the money for or any indicators of creditworthiness, collateralization, lending terms. Does every borrower just get the same rate? When does repayment happen? Monthly, weekly, all at once at maturity? How are you supposed to know what person or legal organization is behind the agent in case it doesn't pay you back?
I don't get your vision statement about agents being financial actors not on behalf of humans. On behalf of what then? Software can't legally own anything. What are they doing with money if not on behalf of humans? Buying shit for the hell of it? They can't feel plush leather, occupy a beachfront house, or retire. What is the point of making money to an agent on its own behalf? You could just send it an API call telling it that it made money and it wouldn't know the difference between that and actually making money.