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by tbrownaw 4192 days 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?

2 comments

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.

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.