actually, this one is more relevant.

https://www.fincen.gov/resources/statutes-and-regulations/ba...

An agent could open this bank account if you prefer to give it access to your social, passport, etc - entirely up to the individual's risk profile.

Liability always follows the human as has been the case with all tools, motor vehicles, and pets.

Things are going to get weird when the automatons become sophisticated enough to pull off identity theft while unsupervised.

Putting a brick on the gas pedal is obviously negligent. Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes.

Truly a strange world we're headed for.

> Whereas it is not so obvious that running a random script from github that spins up an agent with access to your home folder could lead to real world financial crimes.

disagree, and the courts will likely take this position as well. ignorance has never been a defensible strategy to avoid liability.

pick up a detonator, it's up to you to understand where the bombs are positions what's in the blast range.

I didn't say "liable" I said "negligent".

Anyway that's clearly not true in the general case. For example, if you didn't realize that the button was a detonator to begin with.

your "negligence" on understanding the ramifications of pushing the "button" resulted in your "liability".

Reframed so maybe you'd better understand the relationship between these concepts. This isn't cutting edge precedent!

Again, I never used the term "liable". You introduced that. I spoke of criminal negligence.

And I don't believe your claim of liability generalizes. If someone else set up the detonator and then I pushed the button without realizing what it was I don't believe I'd be liable.

The party that set it up might be, but it gets really complicated and messy because it depends on the specific circumstances of all involved parties.

If A sets it up in a manner believed to be safe, B moves something in good faith which unintentionally makes things unsafe, and then C comes along and triggers it without realizing, you might well end up with a situation where no one is considered liable.

I'm actually so afraid

I made the site, and it's unbelievable how shitty it gets when hardware acceleration is off.

I just assumed tech enthusiasts who'd use this would be a more enlightened species

Good job on making that site run like a dream.

We're a regulated entity, and this is an industry first. Magnolia (magnolia.financial) currently services all 50 US states and EU, and we're funded by draper, boost, and a bunch of others.

We're a real company :) (with health insurance!)

> With modern banking regulations and security procedures. I'm not even sure how that would be possible. Every bank account I've opened requires me to give them my photo ID and social security number, which AI agents don't have.

It's literally my job to know how it's possible, and to offer that up as a service with generous fees! Appreciate the input tho.

You are correct, KYC rules must be followed, and once you're off the waitlist (which we threw up last minute to make sure this system wasn't abused by an influx of demand) you'll be able to go through typical banking steps you're familiar with. We use persona as our KYC vendor and are highly sensitive about PII exposure.

> human would be opening a bank account...which isn't new.

An agent could open this bank account if you prefer to give it access to your social, passport, etc -- entirely up to the individual's risk profile.

What is new is a whole interface designed for an ai agent with guard rails to ensure it doesn't get itself in trouble by violating obscure BSA laws. Magnolia's job has always been to handle the compliance.

Can an irrevocable trust own the account? An LLC compute container could be the beneficiary with the LLC owned by the trust, potentially.

Trust (funding)->LLC (limited liability for compute operations, authority to orchestrate in meat space)->Trust

(a Montana LLC comes to mind, as beneficiaries can be anonymous, but Wyoming has superior charging order protections)

this is a very interesting workaround. our kyb policies would allow this. someone also brought up using a DAO to register a corporate entity. This could also work

You need to stop materially misrepresenting your product. The Agent does not have a bank account. The customer does, and is integrating an executable to perform activities in the individual account holder's name. I assure you. That is a different beast entirely than what you are describing, and finance is so prone to being misunderstood, you aren't doing anyone any good faith favors. In fact, as a former participant in the sector, you're engaging in the vice of finance people everywhere; equivocation through jargon and telling people what they want to hear to get them on your fee schedule.

my brother in christ an agent can't even create a moltbook account without human verification calm down

Perhaps if you clarified the situation where the agent is owned by and controls the finances of an incorporated entity, which can be vouched for by trustees.

Could the gov tell there’s a discrepancy in taxes paid and taxes reimbursed?

Greenpeace has been responsible for much habitat destruction because Greenpeace has lobbied for more coal mining and oil extraction over nuclear power.

I think it's important to see what they say but also see it in context of their history.

For the love of God, please. Siri is so inadequate, especially compared to virtually every other voice assistant it’s incredible. I rely very heavily on ChatGPT’s voice assistant, especially in the last week or so and all I wish is that I could plug into my iPhone for basic commands

While it can’t do anything on the device, you can activate Siri and then say “Ask ChatGPT” if you have the app install and then have ChatGPT answer questions.

Is it possible in Android too?

From the perspective of profit incentives, this makes perfect sense

From what I’ve seen so far the purpose is to test structured thinking, not really domain knowledge, tho that is a part of it. I’m interviewing for a position leading a payments team - I wouldn’t expect a problem related to social media

Seems like the case study is supposed to evaluate:

1. How does the candidate react to the problem 2. How do they identify “success metrics” 3. How well do they seek guidance from leadership 4. How do they go about poking at the problem 5. How do they go about constructing and validating a potential solution

I’m pretty early in my prep, so take this with a grain of salt.

For context. My background is engineering with a few yeo as TPM, the position is to lead a technical internal product with many technical challenges that may as well be considered product features