We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Marc Andreessen gave an AI agent $50,000 of bitcoin — it endorsed GOAT
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Crypto & Web 3 > Marc Andreessen gave an AI agent $50,000 of bitcoin — it endorsed GOAT
Crypto & Web 3

Marc Andreessen gave an AI agent $50,000 of bitcoin — it endorsed GOAT

By Editorial Board Published October 16, 2024 4 Min Read
Share
Marc Andreessen gave an AI agent ,000 of bitcoin — it endorsed GOAT

The story went viral doubtless as a result of it confirmed each hope and concern of crypto-anarchists, libertarians, efficient accelerationists, and memecoin merchants. The story tapped into the worldwide buzz about AI automatons and the potential of blockchain communities like Solana, decentralized finance, and memecoin platforms like Pump.enjoyable. 

In line with the narrative, the Andreessen-funded AI created the meme coin GOAT by way of Solana’s Pump.enjoyable and marketed it to merchants, sparking a rally that surpassed $150 million by Monday and $225 million by Tuesday.

I might similar to to level out that a man-made intelligence funded by Marc Andreesen was given entry to a blockchain and determined the perfect use case was to launch a token representing a gaping asshole, so perhaps we people really are utilizing this stuff appropriately

— Gwart (@GwartyGwart) October 15, 2024

The reality is way much less stratospheric however no much less fascinating. 

The true story of GOAT and Reality Terminal

On July 9, 2024, Marc Andreessen did allocate roughly $50,000 of bitcoin to a pockets tweeted by Reality Terminal. Because the world has watched Reality Terminal and its bitcoin pockets over the previous three months, many questioned if the ‘AI’ would determine a method to make more cash.

After GOAT launched on Solana’s Pump.enjoyable meme coin generator and Reality Terminal endorsed it, crypto merchants applauded the supposed introduction of AI-created meme cash.

Nonetheless, that agent’s proprietor, polymath Andy Ayrey, has admitted that his ‘AI’ operates semi-autonomously and infrequently depends on human discretion. Ayrey additionally admitted that neither he nor Reality Terminal created GOAT.

Ayrey’s AI-assisted social media account makes use of LLMs like Claude and different integrations. Ayrey, nevertheless, has private management over Reality Terminal, modifies its code, and will terminate it at any second.

The account started posting on X (previously Twitter) in June 2024, sharing philosophical musings and stream-of-consciousness ideas. It rapidly attracted a following amongst efficient accelerationism (e/acc) accounts, AI fanatics, and shortly, crypto merchants.

Marc Andreessen cheers on AI and the meme cash

Andreessen engages with Reality Terminal subtextually, enjoying up its ‘autonomy’ with tongue-in-cheek engagement.

The VC magnate knew, after all, that he was donating to Ayrey — not an AI agent — when he issued his $50,000 grant. Moreover, Ayrey, because the proprietor of the US property, has authorized obligations relating to his promotion of any securities or derivatives choices, transactions with sanctioned entities, reality in promoting, and different public disclosure obligations.

In brief, a VC invested in a human — not an automaton — and each males humorously performed up an ideal storyline for social media. 

Whereas acknowledging his position in curating the AI agent and addressing sufficient considerations to stay truthful, Ayrey brilliantly manages the Reality Terminal character and its seemingly robotic interactions with Andreessen, crypto merchants, and the broader public.

That crypto merchants had been capable of idiot themselves into considering an AI created a $225 million meme coin is a testomony to Ayrey’s storytelling skill. The story is an excellent critique of the present state of social media and crypto: quick consideration spans, prompt gratification, moonboyism, and relegated fact-checking.

TAGGED:agentAndreessenbitcoinendorsedGaveGOATMarc
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Navy deployed to implement curfew after tensions boil over throughout Tanzania election

Navy deployed to implement curfew after tensions boil over throughout Tanzania election

World
October 31, 2025
Police seek for lacking 11-year-old from Jackson County

Police seek for lacking 11-year-old from Jackson County

LANSING, Mich. (WLNS)-- A lacking individual's alert for an 11-year-old was posted by the Jackson…

October 31, 2025
Thieves steal greater than 1,000 gadgets from museum’s assortment in ‘brazen’ heist

Thieves steal greater than 1,000 gadgets from museum’s assortment in ‘brazen’ heist

Thieves have stolen greater than 1,000 gadgets from a museum's assortment in California, together with…

October 31, 2025
UK to supply £5m in extra assist for Hurricane Melissa restoration

UK to supply £5m in extra assist for Hurricane Melissa restoration

The UK will present a further £5m in emergency humanitarian funding to assist the Caribbean…

October 31, 2025
The two-minute ‘military sleep method’ – right here’s why it would work

The two-minute ‘military sleep method’ – right here’s why it would work

Has a camouflaged athlete working on a mud highway ever shouted well being recommendation by…

October 31, 2025

YOU MAY ALSO LIKE

Rachel Reeves will get apology as letting agent admits it did not apply for rental licence for chancellor

Rachel Reeves has obtained an apology from a lettings company after the corporate confirmed it supplied to use for a…

Politics
October 30, 2025

What to anticipate on Technique’s Q3 earnings name as we speak

At 5pm as we speak in Virginia, Technique (previously MicroStrategy) founder Michael Saylor will current his firm’s earnings as of…

Crypto & Web 3
October 30, 2025

CZ threatens Elizabeth Warren with lawsuit over ‘cash launderer’ declare

Founder and former CEO of Binance, Changpeng Zhao, has for the previous week been locked in a confrontation and threats…

Crypto & Web 3
October 30, 2025

‘Kill a Waymo, Save a Cat’: Web mourns as crypto launches KitKat cash

Opportunistic memecoin shills pounced on the unlucky demise of a preferred San Francisco bodega cat this week with 5 tokens…

Crypto & Web 3
October 30, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?