Do Not Bring AI to Cryptocurrencies
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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Aug 25, 2023
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.