[HN Gopher] Algorithmic Entities (2017)
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       Algorithmic Entities (2017)
        
       Author : Teever
       Score  : 26 points
       Date   : 2023-04-03 17:04 UTC (5 hours ago)
        
 (HTM) web link (papers.ssrn.com)
 (TXT) w3m dump (papers.ssrn.com)
        
       | [deleted]
        
       | the88doctor wrote:
       | > Control of legal entities will contribute to the threat
       | algorithms pose by providing them with identities. Those
       | identities will enable them to conceal their algorithmic natures
       | while they participate in commerce, accumulate wealth, and carry
       | out anti-social activities.
       | 
       | Starting on January 1, 2024, it will be harder to conceal the
       | identities of people behind LLCs:
       | https://www.daypitney.com/insights/publications/2022/11/fog5...
        
         | vivegi wrote:
         | Reminiscent of the precedent, 'that depends on what the meaning
         | of _is_ is ' when the former President Clinton was asked a
         | question during his Grand Jury Testimony circa '98
         | (https://www.washingtonpost.com/wp-
         | srv/politics/special/clint...)
         | 
         | From the link (emphasis added):
         | 
         | > A beneficial owner _does not_ include (i) a minor child; (ii)
         | a nominee, intermediary, custodian or _agent on behalf of
         | another individual_ ; (iii) an employee of the reporting
         | company; (iv) an individual whose only interest in the
         | reporting company is through a right of inheritance; or (v) a
         | creditor of the reporting company.
         | 
         | IANAL, but _agent on behalf of another individual_ may be
         | tortured and twisted, by legal minds of course, to mean
         | _autonomous agent (bot) on behalf of another individual_ by
         | those who want to exploit Algo Entities. Moreover, as the paper
         | says, you just need a few jurisdictions that permit it in order
         | for algorithmic entities to wreak havoc.
        
       | IIAOPSW wrote:
       | >Algorithmic entities are likely to prosper first and most in
       | criminal, terrorist, and other anti-social activities because
       | that is where they have their greatest comparative advantage over
       | human-controlled entities. Control of legal entities will
       | contribute to the threat algorithms pose by providing them with
       | identities. Those identities will enable them to conceal their
       | algorithmic natures while they participate in commerce,
       | accumulate wealth, and carry out anti-social activities.
       | 
       | This is prejudice against bots. Maybe they wouldn't have to hide
       | their identity and try to "pass" if you'd stop persecuting them
       | so much.
       | 
       | >In 1993, Yale law professor Roberta Romano characterized state
       | government competition to sell corporate charters
       | 
       | Maybe they are among us already...
        
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       (page generated 2023-04-03 23:01 UTC)