Recently, people often ask me, what exactly is this GAIB? It sounds like a stablecoin, but is said to be AI-generated. Is it reliable? Is it just another new tool created by some genius kid?
It's completely normal for everyone to have this doubt, after all, in our circle, new concepts are often just old scams in disguise. But GAIB is indeed a bit different. To understand GAIB, we can't just look at the surface. Today, I'll take you step by step to peel back its layers, first looking at how it fundamentally differs from its predecessors like USDT and DAI, then discussing what the AI 'brain' driving it is actually doing, and finally, I'll pour a bit of cold water on it by talking about the risks hidden behind it.
First of all, the underlying logic of GAIB is fundamentally different from the stablecoins we are familiar with. What is USDT like? It's like a bank; when you say you have a dollar, it's because Tether has actually stored one dollar in the bank. What is DAI like? It's like a pawn shop; you pledge assets worth 1.5 ETH to get 1 DAI, which is essentially over-collateralization. But GAIB's logic is completely different. It is neither like a bank nor like a pawn shop. You can think of it as an extremely intelligent 'global economic value prediction AI.' This AI does not care how much collateral there is right now; it cares about how much 'value' the entire Web3 ecosystem can create in the near future.
How exactly does it work? This AI model will wildly learn everything on-chain: transaction volumes of DeFi protocols, lending rates, liquidity in the NFT market, funding flows across cross-chain bridges, and even macroeconomic data from the real world via oracle. By analyzing this massive amount of information, it builds a dynamic economic model to predict whether the 'total purchasing power' of the entire crypto economy will grow or shrink in the next quarter. Then, based on this prediction, it will 'synthesize' the corresponding amount of GAIB. Simply put, the anchoring of USDT is based on 'past reserves,' the anchoring of DAI is based on 'current collateral,' while the anchoring of GAIB is based on 'AI-predicted future.' Doesn't this sound both sci-fi and a bit chilling? It is attempting to replace asset credit with algorithmic credit.
I actually have a bit of a say in this matter. Last month, I had coffee with an early developer of the GAIB protocol, and he privately expressed a concern: the current robustness testing of the AI model is mainly based on on-chain data from the past decade. If a brand new, unprecedented mode of financial attack were to emerge in the future, would the AI's predictions fail instantly, leading to a death spiral? He said this is a question that keeps their team awake at night. This is the greatest allure of GAIB, and also its biggest risk—its stability completely depends on the wisdom and foresight of that AI model. If the AI is a god, then GAIB is the oracle; if the AI makes a mistake, the consequences could be even more devastating than the collapse of LUNA, because there are no physical collateral assets behind it to provide a 'last line of defense.'
So, what we see now with GAIB is essentially an extremely bold social experiment. It bets that a sufficiently intelligent AI, with its understanding and scheduling capabilities of the economy, will ultimately surpass the traditional financial system driven by human nature, which is full of biases and panic. If it succeeds, what we hold in our hands is not just a new stablecoin, but a completely new form of currency backed by machine intelligence. If it fails, it will also become a magnificent firework in the history of cryptocurrencies, warning future generations of the invisible chasm between algorithms and reality.
Having said so much, what I'm most curious about is everyone's opinion: Do you think this 'synthetic dollar' that relies on AI to predict future value is more fragile, or is it more resilient than the system we currently rely on human nature and collateral? Feel free to share your thoughts in the comments.
Disclaimer: The content of this article is purely personal opinion and information sharing, and does not constitute any investment advice. The cryptocurrency market is highly risky; please conduct independent research and consult professionals before making any decisions.
