Do Not Bring AI to Cryptocurrencies

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1 year ago

Artificial intelligence is attracting everybody.

  • Artificial intelligence, or AI, is a trending technology. AI appeals to all and everyone.

  • AI is a technology hype used by all technologists, educationists, digital marketers, and creators in various fields.

AI is a buzzword that tends to make humans dumber than they are.


Do not bring AI to cryptocurrencies.

Cryptocurrency is a technology use case based on blockchain and cryptographic protocol in a distributed computational infrastructure.

  • Every cryptocurrency transaction results in a deterministic delivery of assets to the correct destination address.

Still, cryptocurrency is a nascent fintech application.

  • Improvements in cryptographic hash and time of computation are required.

  • Some cryptocurrencies are improving their technology, such as BitcoinCash.

  • Some cryptocurrencies are befooling users with fake technologies, such as Bitcoin with lightning network.

But do not bring new uncertainty, such as AI, to cryptocurrency.

Let cryptocurrencies run with their proven technology bases of blockchain and distributed computing.

AI's uncertainty may jeopardize cryptocurrency.


Conclusion

  • Cryptocurrency is a deterministic technology use case for decentralized finance using blockchain and distributed computing.

  • Bringing a new, uncertain technology like AI into cryptocurrency is unnecessary.

We need improvements, not unnecessary experiments.


Postscript

Play with ChatGPT and other AI platforms.

Give them free testing and spend your invaluable time.

Draw pictures with AI (like the cover image), and create foolish music using AI.

But DO NOT bring AI into cryptocurrencies.


Cheers!

Unity (Debesh Choudhury)

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Text Copyright © 2023 Debesh Choudhury — All Rights Reserved

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Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.

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#cryptocurrency #blockchain #artificialintelligence #fintech #technology

Aug 25, 2023

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Comments

The integration of AI in cryptocurrencies is a contentious topic. While AI can bring efficiency and security, it also raises concerns about manipulation and centralization. Striking the right balance is crucial.

$ 0.00
1 year ago

AI doesn't improve security. Instead, AI increases uncertainties and threats.

$ 0.00
1 year ago

Block chain is a good tech I guess. AI is a wide system that I still can't understand. What's with the lightning network?

$ 0.00
1 year ago

No, the lightning network doesn't seem to use AI. But, some new cryptocurrency communities are writing in support of AI.

$ 0.00
1 year ago

That's true, AI attracting people but interesting thing is that we people always interested to something new and trendy but with the time everything get either old or lost.

$ 0.00
1 year ago

Everything interesting must not be tried until we understand the entire technique or object.

$ 0.00
1 year ago

Incorporating them into cryptos I think it would be a mistake.

$ 0.00
1 year ago

Thanks for resonating with my viewpoint.

$ 0.00
1 year ago

Half of the bch community was generating waifus a few years ago with AI, and traded them on bch based nft platforms. This trend stopped, and probably not going to come back.

$ 0.00
1 year ago

Thanks for the information and your support.

$ 0.00
1 year ago