Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Leister

๐Ÿ‘ค Speaker
1620 total appearances

Appearances Over Time

Podcast Appearances

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Well, it doesn't really, because you have to have somebody that maintains that software.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It doesn't just keep running on its own infinitely.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

What they're trying to do is make AI smart enough to adapt to those changes and take better instructions.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

The problem with that is that at the end of the day, things change so fast.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

You're not, no AI is going to be able to keep up with those changes and those nuances, especially when you talk about statutory statutes, right?

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Statutory requirements.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

A statutory requirement has to be interpreted.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

The AI can do the best it can to interpret it, but different companies interpret the statute differently.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It could be the same statute, but different companies will interpret it differently.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

I just deal with this in my J-O-B.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

This company over here, all it says to do is if the dollar amount is greater than zero, do this.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

That's what it says.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Company B will say, well, we still need to account for zero.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Why?

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

The statute doesn't say you should.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

Well, we want to account for everybody.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

And so now, because it's zero, you can't do division because you can't divide by zero.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

It's a false denominator.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

You can't do it.

Crypto Talk Radio: Basic Cryptonomics
IRS Issues Guidance On 1099-DA Crypto Reporting; Bitcoin Under Threat

The AI is going to stumble on that because it's going to say you can't divide by zero like this.