Bitcoin Forum

Hi, i just want to here some opinions from you guys, regarding the fact that theres a LOT of AI + blockchain projects in the crypto space.

I have the feeling that AI is - again - hyped, and everyone wants to hop on the train, to get a piece of the cake somehow.
Right now, we have quite famous projects out there, that are already listed on CMC, like DeepBrain Chain, SingularityNET, Bottos, Matrix AI Network...
And then theres a lot of other new ICOs, like Effect.AI, Synapse AI, Synthetics AI, Neurochain, DML, and so on...
Everyone is trying to hype his own project, where he has invested in, saying AI +  blockchain is the future, your idea sounds great, i'm going to invest.
It seems to me, as if these people just don't realize, that theres already way too much competition.
How are all these coins supposed to survive in the future when they are facing like 10 or 20 direct competitors.

Really interested in hearing your thoughts on this. Thanks.

I also thin that the AI projects are over-hyped. But it's normal to have many of them because it's a new and modern niche and every business now is trying to implement AI in one way or another. 

AI, Finance and VR/AR are the winning niches for next 2-4 years.

yeah i totally agree. there are so many icos and projects about artificial intelligence. Actually people stopped to invest in those kind of project so sooner or later the quantity of those similar projects are going to reduce organically.

There are too many ICOs at all, not just with AI;) Looks like they just found High Tech dictionary) "smart contract, decentralization, anonymity, AI, blockchain" in every post) No working product, monetization just hype and price speculation)  

That is just the sad reality of the crypto space. Too many copycats out there trying to milk the system and adding no value. And this problem is not just with Artificial Intelligence based blockchain projects it. Take a look at Masternodes for example, there are over 174 of Masternodes coins competing against each other with each one saying their idea sounds great.

Ye I would agree. I don't think the technology is at a point that justifies the amount of AI projects that we see

I think that many projects are choosing AI as a market because it's new and people are curious how it will be developed. I invest in almost all of them.
There are too many ICO's anyway and just few are for AI. If you look the stats, there are over 200 new ICO's every single months.

Most of the AI projects will die out before developing anything.  AI devs are in extremely high demand and really only the projects that raised tens of millions will be able to afford to keep them long enough to develop a product.

There is a small amount of AI projects compared to monetary coins. If you want to talk about over saturation, look at all of the crap coins that have been produced.

There are probably 2000 blockchain coins/tokens out there and a extremely small amount are AI.  It's anyone's guess which one will survive, time will tell.

I have some DBC, but not worried if it tanks...

 I definetly feel that there is infact not too many AI projects, the space is very large and has room to grow even further, one AI project that has really caught my attention is Effect.AI. The team is very solid and that makes all the difference in teh world. Not only that but I am really looking forward to the platform being built on NEO another huge plus point. I suggest anyone interested in AI project to have a look at this one.

yes there are many projects based on the artificial intelligence but it is the fact that the future belongs to automation, machine learning and robotics and for all of them AI is the basis. so its normal that many new projects are coming up in this niche.

sure there might be too many AI projects, and 90%+ will fail/not deliver on promises. Just like the Dot Com crash. But a few will succeed and will be a gold mine,

I'm sure that 99% of such AI ICO projects won't survive even for a year. AI tech itself is very young and complicated, not saying about even about integrating it with crypto.

AI actually has a lot of future applications, especially when the 4.0 technology revolution is booming. AI projects may focus on specific industries such as games, market, trade, data,...

Simple answer, they are running out of ideas about their projects, 95% will fail you can see that some of them are just a copycat hype train grab the money run away, authentic and good projects are being dumped by this types of projects, by bumping and constantly promote their ICO that's why we're shocked that there is such a project who have greater potential for a long-term holding, not just a hype short-term investments.

I said at the beginning of the year that AI projects will definitely lead the way this year, and not surprise we are seen so many of them flooding the space, but the hype has not been backed by the price. There are some AI projects that do not worth investing in but most of them in the space are real project and will come out great

There is too many ICOs that are not even going to use AI but they add it for the sake of having it. Similar to random businesses adding blockchain in their name. With that being said there are going to be winners in this space make no mistake.

I've known only Kepler a few weeks back and Synapse after that so I think having just two is good. But not a few minutes ago as I was checking some bounty campaigns to join I stumbled on another AI project which made me think that they are almost similar in some ways  ;D I guess the judgement will depend on each project's investor as how much they believe on their ICO.

Outside the crypto world there is a lot of scope for AI and AI related technologies. Many big companies, Banks etc are using AI in one form or other. If these blockchain projects like deep brain chain, singularity delivers as what they had promised then it is definitely going to be a worth investment.

Artificial intelligence is definitely the future of our live, and this is a positive tendency running ICO devoted to AI technology. I have not seen worthy projects and realised projects in this sphere, so I would be really pleased if someone shared with couple of trustworthy ICO

I'm not surprised. Too many AI project, too many medical project, too many "financial disrupting" project, too many privacy project. this is ICO world.
what important is we must choose the right ICO, most good project or most potential project

Artificial Intelligence is the future and if these projects could bring a lot of change into the community with their hard works and the public funding's,then it would be a great idea,but it all depends upon how much time it would take to get benefits out of the projects.I have the check the new projects once again before making a decision on which one to invest.

AI's are perfect for crypto to test it out. Many of them coming, but not all of them will be successful.

There are many guys working on it, but the real thing it's most of them won't survive the long term, they need to bring their holders a real product, not just a hope. Also, I have seen other projects not trying to raise any money yet but working on the MVP. and I think that's the best way to do the things if not the developers get lazy because they have money and they have time. things that most of us don't have.

You missed one main point that not all AI projects aiming the same thing. Not all of them saying we will make intelligent robots and sell them.  Most of the projects using AI for different exact aims. For example Agrello uses AI for creating contracts with given informations and Invacio uses AI for banking solutions, emails and etc.

90% will only be garbage. First of all, big companies should make AI, then blockchain.

They can release all the AI ICOs in the world buy the next 24 months will weed out the scammers.

Yeah you're right, man. when we have so many projects, we will focus on which one. this will be very difficult.
but the work on the team and road map can be controlled and invested.  ;) ;)

Nowdays is time for duplicate project.
Which project is very popular and scammer try to make new similar project.
Dont fall into the trap. We dont need such kind of duplicate project because one or two project are enough.

Please dont try to invest in such kind of prject wothout working product.
There are some good ico which good team and has working produtct so with no worry we can invest in there.

Interesting article on the topic:
Why you want blockchain-based AI, even if you don’t know it yet.
https://venturebeat.com/2017/12/23/why-you-want-blockchain-based-ai-even-if-you-dont-know-it-yet/
The AI in blockchain has many possible applications so many projects.

Yes i think ai will be hype for the next 5 years and blockchain as a back end for ai project will make ai strongest but blockchain need to be able to be more instant then today or faster. So ai can get better. With blockchain data for AI will be more secure but can not be faster yet then centralised system. More AI project can gives us positive effect which can make competition so developer will compete to serve and prove that they are the beat

Not all of those AI projects will prosper. Slowly they will die and maybe just one or two really good projects will survive. It is natural that there will be lots of projects towards ai because it is kind of the future. And competition will weed out the bad projects and make the good ones shine.

AI now is trending topic also with Virtual reality and internet of thing, but I think just a small part of current ICO will survive processes to become a real company.

You forgot 'neural network' projects.
But I don't understand. If AI is such important trend why every team want to make own AI? It's impossible. What we get as results? Many moronic AI that can not make an independent step? Or something else dead from the beginning?

AI Blockchain and Data analytics and Block chain both the integration are upcoming in crypto coins space we can see atleast 100 coins in coming months

Ye, more and more AI. And we get kindergarten not sane AI. Is anyone of those projects present something valuable? May be we actually in dotcom era. And it will remain brilliant project only. But now it looks sad

Competition is always good, yes there are lots of those projects lately but it doesn't matter at least I do not think there is clear winner right now so the projects are trying to get the top spot once that happens then most other coins will begin to fail since all the money will be concentrated in just a few coins, make sure to select the right coin and you can make good money, fail to do that and you will lose all your capital.

:D i noticed that also , i guess that is the trend now.
the last trend was lending projects but now obviously those hit lending projects ended up to discontinue.
It doesnt mean that they all turned scam but i guess they cannot maintain the rates.
But i love the effect.AI project and its under neo blockchain.

 recently effect.AI project has ico, On March 24. I think it's a nice and different project. it also uses the neo infrastructure, whose popularity is increasing day by day. :)

It's clear a few legitimate AI projects are starting to surface. Mykrosystems has a real use for blockchain and it's serving ML with datasets.  Interesting project.

http://myke.ai/whitepaper

I Think that is just the good news for us. more competition will make more creativity and innovation.
And then give more Quality Project in the future.

And about copycat, it's no problem, i think if they add more value.

It's only my opinion from Newbie Crypto Investor.

Copycat actually is a problem, why funding the same exact thing when there's some project out there that offers more innovation? funding many project with the exact same goal is not how you advance technology, but working together to achieve the goal is how you got it.

That's right why bother supporting duplicate project where the existing one can be enhance by the developers, better focusing to other project where usage can be more utilize and can succeed as well with its target venue, people should realized that ideas which been copied most of the time become
scam when there's no support coming from the community.

I believe that a large number of such crypto currencies is very good, because thanks to competition we will be able to identify leaders and start investing in them. Everywhere you need to look for pros. ;)

Maybe there are too many, but I prefer it because otherwise there would be too few, in the end as most of the projects and ICOs only the best will endure, the rest of shitcoins will fail as it should be, AI is a very important issue and is increasingly more intrincated in our lives so I have a special interest in it, because a revolutionary AI can change the world.

Actually if they can pull off what they are talking, competition doesn't really matter when it involves global market. The problem here is that they join with the hype and they can't deliver what they promised to deliver. AI + Blockchain was really a cool thing - it sounds like Tony Starks + Blockchain. Somehow, I will expect that few of them (if not all) can bring the solution to masses.

It's disappointing if they raised a couple of million bucks and they can't even make a simple AI solution.

It's fine if you don't wanna invest in these AI project :)). Cause another investor will take that chance :). I know that there are so many ICO projects focus on developing AI and not all of them are successfull cause create an AI to make people living become much easier is not easy but how if ICO project about AI which you just gave up is the best one? Don't think it's a bad project just because it's related to AI developing :).

The numbers is not the biggest issue, the plagiarism or copying of identical AI projects and alternative currency as a result of this popularity and money maker ICO. This means that abusing the idea and making hard money out of the innocent or dumb investors who think that the projects will succeed, but the problem is the management or the creator only focus on his money back/profits.

OF course its the originality of the project whos gonna win the competition,accept it or not more of that mentioned and even those not are only copy cat from the original so whom do you expect to survive?unless the dev and team beind dont work for progress and just leave the coin alone to survive then the courses will changed in future

competition is good for any kind of development, its to prevent the team of slacking off when they know someone out there could have the possibility of overtaking them in developments.

Yes, competition is good because it makes the team more focused and would try to improve their project to have an edge over others. We will know who will get the attention of the users and would make their other competitors exert more effort in developing their projects. Some of these AI projects would not come into fruition if they would be slacking off.


If there are so many of them then the one who really knows the project would succeed because they would always have something to compete with others while those who just copy others would not be able to move forward if they cannot think of something to innovate their project. Seeing these many ICOs nowadays, it's a tough competition who would be able to capture more users.

As one adage says: "The more the merrier..." but there is also one saying: "Three's a crowd." Anyway, we will let the market decide which AI-focused projects will be winners and losers. That is why as investors or token buyers we have to be careful which we are supporting as most of these project are experimental at best there is no guarantee that a project will be successful and can be adopted by the market. But generally speaking, this is a good development for AI and I am sure that soon industries and even us people can be benefited with this development. Again, as investors we have to be extra careful and must do our due diligence first before jumping into the hot water or the lake of fire (just kidding!).

The fact is that the competition is not in that sector alone, apart from the AI blockchain projects if you look at the market there are projects with the same aim mainly in advertising, gaming and finance you could see many projects popping up, but the team with the best project will thrive in the end, there is no guarantee than most of the projects will succeed in carrying out their plans, some will fade out eventually, i am not too keen on the projects you mentioned as i am mostly glued on to finance sector projects but i have invested a bit in Synapse and Singularity .

Yes I  should agree with you,there are too many Artificial Intelligence project will seen because of a modern technology that they can easily convince to the investors.But not all are succeed and some are failed.I'm hopping that if we invest,we choose the good project.

Personally, I think Artificial Intelligence just hype as the privacy coins were last year. Nowadays every 2nd project is AI based.

Yeah there are plenty of them right now and only few of them succeeds. I think it is because of people being hesitant about the future success of each product. Also some of them ends up as a Scam. BTW, have anyone looked into menlo.one?

Also too many copy cat VR,Streaming projects.

I think Menlo One will be one of the best token sales this year. What makes it unique is it's user-friendly UI, decentralized system which cannot be corrupted, and it is pro-innovation focusing on helping other projects that deserve to be funded. Future ICOs are lucky that Menlo One has finally launched since they won't need to spend as much on advertising. Their whitepaper: https://www.menlo.one

I agree that Menlo One is a promising project based on its whitepaper, but what are the chances of it actually pulling it off? Does anyone know if we can really trust the team behind it?

Does anyone know about the project of the KOIOS. This project had good ratings on different sites, many people invested in it, but in the end it was a scam. This is a sad experience

AI alone doesn't say anything about the project, it doesn't indicate its main goal or mission, as it's just a tool, exactly like blockchain, that can be implemented in thousands really different projects, from webcam and messengers to financial and space projects. So I don't get what you are worried about.
OP, I could easily change "AI' to "blockchain" in your message, but I doubt that so many people would agree with me then.

AI is indeed advance and really a hot topic nowadays but I think with the blockchain funding system which is the ICO, those projects might exhaust their budgets or might not succeed? My call here is having an AI project is timely, advance, more convenient for users, blockchain friendly? but the thing is, would it survive in the market? Just having second thoughts about it no matter how advance it is.

I think the fact that we are living in an age of computers tend to give us so many people who excel in computer engineering, computer sciences, robotics and other disciplines that help shape artificial intelligence and things related to it. So many graduates of these fields, so many monied individuals that are into crypto, equals too many AI related ICO's.

True. Al doesn't mean anything. Many projests mentioned AI concept, but actually team doesn't have capability to execute. They mentioned AI just to attract investors

I also think that AI projects are too many. But it is normal to have many of them because of new and modern niche and every business is now trying to implement AI in one way or another.
AI, Finance, and VR / AR are the winning niches for the next few years.
And this is just a sad fact of the crypto space. Too many imitators out there are trying to blush the system and not add value. And this problem is not just with AI blockchain projects alone. Look at Masternodes for example, there are more than 174 Coins Masternodes competing with each other with each saying their idea sounds great.

 Too many AI projects are coming in the market but not give a surprise a bit because it is always a practice that when someday could make a recognition in any form, the rest are trying  to follow and imitate the whole thing to make even better from the original and that makes alluring of the scammers, it ruins the integrity of the good ICO, though AI is a new innovation in the field of technology it is over hype that makes some projects to fail. The recipient of the failure is the investor which gives them hesitation to invest.

I don't see anything bad that there is a lot of projects which try to combine AI with blockchain a lot of them do it in a different field. Even if they do a project with the same purpose, its good for industry indeed good project will survive, some will be forgotten.

You are right too many AI projects in the market but that does not matter, just it always used to be, most projects in the crypto though they are related to good area AI will fail.