Cloudflare To Launch Stablecoin for AI-Driven Internet Economy (nerds.xyz) 21
Cloudflare announced plans Thursday to launch NET Dollar, a U.S. dollar-backed stablecoin designed to enable autonomous AI agents to conduct instant financial transactions. The company says the stablecoin will support microtransactions and pay-per-use models as AI agents take over tasks like booking flights and ordering groceries. BrianFagioli comments: A U.S. dollar-backed cryptocurrency from Cloudflare feels unusual to me, and I'm still surprised by it. The decision shows just how much the Internet is shifting in response to artificial intelligence.
CEO Matthew Prince said, "For decades, the business model of the Internet ran on ad platforms and bank transfers. The Internet's next business model will be powered by pay-per-use, fractional payments, and microtransactions -- "tools that shift incentives toward original, creative content that actually adds value." He added that by using its global network, Cloudflare aims to "help modernize the financial rails needed to move money at the speed of the Internet."
CEO Matthew Prince said, "For decades, the business model of the Internet ran on ad platforms and bank transfers. The Internet's next business model will be powered by pay-per-use, fractional payments, and microtransactions -- "tools that shift incentives toward original, creative content that actually adds value." He added that by using its global network, Cloudflare aims to "help modernize the financial rails needed to move money at the speed of the Internet."
Cloudflare To Launch Stablecoin! (Score:3)
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Wow! wonder if they are internal having problems? lol
Maybe nothing bad can happen, It can only good happen. [yahoo.com] ... :-)
(If that makes your brain hurty, just take some Ah-ced-uv... [youtube.com])
Can't go wrong (Score:2)
No way can this possibly go wrong! The law of unintended effects does not apply!
(sarcasm off)
msmash BrianFagioli leftovers (Score:2)
Asking for a friend. (and that friend is: BrianFagioli https://m.slashdot.org/profile... [slashdot.org])
There are over 20 million cryptocurrencies (Score:2)
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There can't be 20 mio. developers creating (forks of) crypto coin systems ... someone must have automated creating new ones.
Staplers? (Score:1)
Sounds like an AI generated headline (Score:2)
Hey AI? Can you generate a clickbait headline designed to push our stock price up? Include the highest buzzwords.
Co-pilot didn't do too bad:
"AI-Powered Breakthrough: [Your Company Name] Unveils Game-Changing Quantum Blockchain Platformâ"Wall Street Goes Wild!"
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It's backed by the full faith and power of the US government and the US economy.
My Bullsh*t Detector (Score:2)
My bullsh*t detector just exploded when I clicked on the link!
The internet gatekeeper monetizing access? (Score:2)
What can possibly go wrong, when the company that decides for a large part of the web who can access them creates a crypto coin that should be used to pay for access ...
Maybe we'll regret having Cloudflare let become such an important infrastructure.
Are they important? They're far from the biggest (Score:2)
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Search the last news from Cloudflare outages. Half of the web breaks if they have problems. And that were partial outages, now suppose they have a full outage.
Or imagine them doing something malicious, or decide it's time to let browsers pay half a cent of crypto currency for every request. Everyone using the internet is using Cloudflare services every day.
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So Cloudfare is offering subway tokens to ride (Score:2)
their train. Woo Woo.
We got your real $$$. We got your real $$$.
No thank you.
The real economy is fcuked :( (Score:2)