Note that mere daemon-level tools exist that many already consider unFriendly, e.g. high-frequency trading systems.
A high-frequency trading system seems no more complex or agenty to me than rigging a shotgun to shoot at a door when someone opens the door from the outside. Am I wrong about this?
To be clear, what I think I know about high-frequency trading systems is that through technology they are able to front run certain orders they see to other exchanges when these orders are being sent to multiple exchanges in a non-simultaneous way. The thing that makes them unfriendly is that they are designed by people who understand order dynamics at the microsecond level to exploit people who trade lots of stock but don’t understand the technicalities of order dynamics. That market makers are allowed to profit by selling information flow to high-frequency traders that, on examination, allows them to subvert the stated goals of a “fair” market is all part of the unfriendliness.
But high-frequency programs execute pretty simple instructions quite repeatably, they are not adaptive in a general sense or even particularly complex, they are mostly just fast.
Mmm … I think we’re arguing definitions of ill-defined categories at this point. Sort of “it’s not an AI if I understand it.” I was using it as an example of a “daemon” in the computing sense, a tool trusted to run without further human intervention—not something agenty.
A high-frequency trading system seems no more complex or agenty to me than rigging a shotgun to shoot at a door when someone opens the door from the outside. Am I wrong about this?
To be clear, what I think I know about high-frequency trading systems is that through technology they are able to front run certain orders they see to other exchanges when these orders are being sent to multiple exchanges in a non-simultaneous way. The thing that makes them unfriendly is that they are designed by people who understand order dynamics at the microsecond level to exploit people who trade lots of stock but don’t understand the technicalities of order dynamics. That market makers are allowed to profit by selling information flow to high-frequency traders that, on examination, allows them to subvert the stated goals of a “fair” market is all part of the unfriendliness.
But high-frequency programs execute pretty simple instructions quite repeatably, they are not adaptive in a general sense or even particularly complex, they are mostly just fast.
Mmm … I think we’re arguing definitions of ill-defined categories at this point. Sort of “it’s not an AI if I understand it.” I was using it as an example of a “daemon” in the computing sense, a tool trusted to run without further human intervention—not something agenty.