i really need to write something about "agentic payments"
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard is there any potential money laundering aspect to this
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@davidgerard wossat? money concierge but AI?
did you see the vscode thing?
@dysfun yeah basically. they're all in a froth about the idea of agents talking to agents being a non-negligible part of the economy, and i'm like "first assume fucking magic"
vscode thing is the hot prospect for today yes
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@dysfun yeah basically. they're all in a froth about the idea of agents talking to agents being a non-negligible part of the economy, and i'm like "first assume fucking magic"
vscode thing is the hot prospect for today yes
@davidgerard well you'll be reassured it was totally an oopsie and definitely not microsoft being evil. the developer even says exactly that.
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard maybe agentic payments will fail in novel way like using sam altman card instead of yours.
Or more likely the other way
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@davidgerard well you'll be reassured it was totally an oopsie and definitely not microsoft being evil. the developer even says exactly that.
@dysfun totally a PM vibe code oopsy woopsy fucky wucky
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
I keep thinking of the people (I think about a year ago or so but it's probably still happening) who asked ChatGPT to order them something from Starbucks and then it responded that it did and they can go pick it up in 10 minutes at which point they would go and get angry at a barista for not having the order ready
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@davidgerard is there any potential money laundering aspect to this
@hipsterelectron the articles don't seem to mention AML at all, which is odd cos when the same people talk about crypto they certainly do
so they're envisioning this as mainstream and normal
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@hipsterelectron the articles don't seem to mention AML at all, which is odd cos when the same people talk about crypto they certainly do
so they're envisioning this as mainstream and normal
@davidgerard it seems like one way to cook the books against the IRS. but that might be wrong
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@davidgerard it seems like one way to cook the books against the IRS. but that might be wrong
@davidgerard i'm actually looking to apply for clerical work in tax court partially for this reason
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard I thought "agentic payments" was how 007 got his salary
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard I do money-adjacent thinga and was confused, too, when people started talking about the upcoming agentic AI payments revolution. Like, ok, ignore the stochastic parrot aspect, but what big great new invention do you think you're going to need to build even if it works?! An AI agent can send an authenticated POST request good as any other client. Give it credentials and it's off to the races. No new technological secret sauce necessary.
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard I noticed the graun publish this on behalf of Mastercard a while back:
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard more like "they keep fucking up, but people actually care if they do it with money."
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@davidgerard I noticed the graun publish this on behalf of Mastercard a while back:
@toerror lol the fuck is that
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard yeah I've been seeing billboards around town and I don't understand why agents need their own money. Is it even an agent wallet or just a prompt like "hey your claw mistress wants to buy smut accept or decline?"
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@toerror lol the fuck is that
@davidgerard I like the way it manages to be insulting, smug and wrong in the headline alone.
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@davidgerard I noticed the graun publish this on behalf of Mastercard a while back:
@toerror @davidgerard "Instead of doing all the hard work themselves . . . " I mean really, why have humans at all???
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@toerror @davidgerard "Instead of doing all the hard work themselves . . . " I mean really, why have humans at all???
@kamellatate @davidgerard The ultimate aim of AI is to turn everything into a multifractal circular billing scheme with AIs passing money about at every level.
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard The hype people love LLMs because they give really good demos.
They are basically hyper-optimized for looking impressive at a glance and anything else they do is pretty much a coincidence.
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i really need to write something about "agentic payments"
the whole payments sphere is gaga for AI agents
and blithely constructs towers of hypecrafting
that ignore the minor material detail that AI agents don't fucking work and AI agents keep fucking up if you let them near actual money
@davidgerard Payments industry doesn't care if it works completely or not, they care if it reduces friction for purchases. The more payments they process the more money they make
So if having an agent buy things means people buy more things then they're going to love it. And if the agent has the authority to just go off and buy shit for you there are definitely people who are going to turn it on and never notice that their accounts are being slowly drained by an agent buying shit in their name
