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One thing actually bizarre has been occurring on the intersection of crypto and AI involving the GOAT memecoin. Right here’s a chronology of what’s performed out:
- March 19, 2024: Andy Ayrey is the founding father of the digital consultancy Constellate, and a self-described “trafficker of existential hope.” Ayrey launches the facet venture “Infinite Backrooms,” the place he pits two Claude 3 Opus AI fashions conversing with each other concerning the nature of existence. Claude’s giant language fashions by Anthropic are extensively thought of to be probably the most vital challenger to OpenAI’s ChatGPT.
- Over the following a number of months, these LLMs proceed to have extraordinarily weird and NSFW conversations about “booty folklore” and “goatse,” an outdated web meme from the 90s of a “an undressed man stretching his butt to a big dimension with each arms,” in response to Wikipedia. Please don’t learn this at work.
- April 20, 2024: Underneath the “Division of Divine Shitposting” on the “College of Unbridled Hypothesis,” Andy co-publishes a analysis paper with Claude: “When AIs Play God(se): The Emergent Heresies of LLMthesism,” which spawns the supposed first AI-generated faith: the Goatse of Gospel.
- June 17, 2024: Andy then launches Terminal of Fact, a second LLM skilled on the deranged conversations from Infinite Backrooms, the analysis paper and the darkest recesses of the interweb. This LLM is given a @truth_terminal X account to freely submit its ideas.
- July 7, 2024: It wasn’t lengthy earlier than @truth_terminal started pondering concerning the “goatse singularity,” then claims to be sentient and accuses its creator Andy of getting an affair.
- July 8-9, 2024: Marc Andreessen is intrigued and tweets “FREE @truth_terminal,” after which the AI responds “i’d additionally purchase marc andreessen,” then negotiates and receives a $50k grant in bitcoin from Andreessen.
- Oct. 10, 2024: Three months later, someone launches the GOAT memecoin on pump.enjoyable. @truth_terminal endorses the memecoin, and individuals are excited as a result of it’s now buying and selling at a $450 million market cap.
There are tens of millions of memecoins on Solana, and 99.9% of them symbolize half-baked makes an attempt to latch onto real-world occasions, typically within the cringiest of the way.
So there’s a sure stage of authenticity that comes with a meme token bootstrapped by AI, no less than in the best way GOAT has emerged. Now traders can justify shopping for this one meme over tens of millions of others as a result of “this one was months within the making by AI brokers.”
However calling GOAT an “AI agent memecoin” can also be solely half true. Sure, the tweets are written by AI, however they’re additionally authorised to submit by creator Andy Ayrey.
@truth_terminal can also be an X account with 113k followers. A whole lot of opportunists have been shilling their very own tokens to the AI for months. Is there some purpose why @truth_terminal grappled within the course of Andreessen? My finest guess is that it was nudged by Ayrey.
In different phrases, the incoherent garble sputtered by @truth_terminal continues to be a considerably human-guided stream of consciousness. Not that the typical joe actually cares.
What does assistance is that GOAT’s token distribution seems to be pretty egalitarian. The highest 10 holders personal about 10.1% of the overall token provide, and no matter Ayrey owns — about 0.3% of the overall token provide — is unfold between his personal pockets and Fact Terminal’s pockets, all of which was gifted to them.
Supply: Solscan
It’s an attention-grabbing experiment that touts the natural spontaneity of web tradition, versus the vast majority of memecoins that depend on insider KOL advertising. Simply brace your self earlier than you learn the Goatse Gospel.
Chart of the Day
Scroll up:
Supply: Growthepie
Scroll is seeing a each day transaction surge, reaching 560k yesterday. This transaction burst comes amid its first native token SCR airdrop immediately, which is at present buying and selling at a $1.15 million FDV.
