
@ritualnet ✣ obsessed with AI agents in DeFi ✣ degen by night, builder by day ✣ DMs open
Los Angeles, CA
Joined January 2011
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most "ai agents" in defi are just chatbots with a wallet
not an agent. a bot with better marketing
ai agents don't sleep, don't panic, don't hope, everything you call trading psychology is about to become someone else's unfair advantage
an agent that's rational 24/7 doesn't remove risk, it just moves it to whatever it didn't account for
Interesting exchange
Replying to @DarioAmodei
2/2 Second, on the messaging around AI. I do not agree that my messaging has been disproportionately negative. In fact it has been about equally balanced between risks and benefits: I’ve written one major essay about each, and even in interviews where I discuss the risks, I make sure to frequently mention the incredible benefits as well as proposing possible solutions to the risks (short clips from my interviews that end up on social media tend to be disproportionately negative, as that gets clicks). In fact, I wrote Machines of Loving Grace because I didn’t feel the AI industry was painting an inspiring enough picture of how the technology could radically transform the world for the better. The bulk of the essay is devoted to refuting skepticism of AI’s potential in health and biology, and showing why I think it will actually be possible to cure most human disease in ~5-10 years, as crazy as it may sound to ordinary people and frankly to biologists as well (I used to be one!). And, if you read my most recent essay (Policy on the AI Exponential), I discuss concrete proposals for how to streamline the FDA process to make sure the deluge of AI-accelerated drugs isn’t slowed down by the regulatory process. I feel the urgency here: I lost my father to Hepatitis C only a few years before the development of direct-acting antivirals (sofosbuvir), which cure 95% of patients and probably would have cured him.
I do agree that the public has a negative view of AI (and that this is a big problem), but I don’t think it is primarily caused by me or any other AI leader warning about AI’s risks. I think it is fundamentally a crisis of trust. I think that ordinary people don’t trust companies, governments, or the tech industry and always suspect that we are cooking up some new way to screw them over. The causes of this go back decades and AI is just the latest iteration of it. I don’t think that a glitzy marketing campaign with a positive spin (which some have advocated that Anthropic do) is the way to win back that trust — at this point, saying that AI will cure cancer is more a cliche than it is inspiring, and most people think it is deceptive. The thing that will work is *actually curing cancer*. I think by far the most accurate criticism of AI companies including Anthropic is that we haven’t yet delivered on our big promises to benefit the world. That is totally on us, and I think it’s the criticism you should be making, instead of all this stuff about messaging and marketing.
We are however doing our best to fix this: Anthropic is ramping up its efforts very quickly in biology and medicine, and we hope to have incredible results in the coming years and some early glimmers in the coming months. When we’ve actually accomplished something real, the whole world will hear about it, as loudly as possible, you have my word on that. But until then I don’t want to make empty promises, and in the meantime I feel compelled to speak honestly about the very real risks of AI and how to address them. Honesty is the right thing on the merits, and in terms of public credibility and trust it is no worse than, and may in fact be better than, an approach that ignores or distracts from risks which people instinctively understand are real.
give an ai agent access to your wallet and you'll find out fast whether your risk management was ever real, or just fear doing the job discipline was supposed to do
people keep asking what happens when ai agents outnumber human traders, wrong question, the real one is what happens to a market once nobody in it is afraid to lose
Eliot Craydo retweeted
Some of the worst startup advice comes from extremely successful people explaining the wrong reason they succeeded.
the market doesn't reward the agent that's right the most, it rewards the one that survives being wrong the longest, that's not an ai problem, that's every trader's problem wearing new code
It is an honor to have such a great team join @SpaceX
We are making 𝕏 open source.
Transparency build trust.
Eliot Craydo retweeted
I buy, it dips, I sell it pumps, I buy again, it dips, I wait, nothing happens, then I sell, it pumps
















