Artificial Intelligence

[haroldtee]

Artificial intelligence on the side of justice. A group of scientists from Michigan, Stanford and the University of California developed the ICORATING algorithm, which is capable of detecting ICO scammers with an accuracy of 83%.
The algorithm examined more than 2000 ICO projects, life expectancy and price changes for the crypto currency, whitepaper, constituent team, GitHub repository, websites and other information from the network.
This development should greatly help investors safely invest their capital in a truly existing and profitable ICO, and also analyze and give an overall assessment of the market.

Are you one of the team member who developed this AI or algorithm? i tried searching for an article on this, but couldn't find anything. would you mind sharing more information or an article (if there is one).

The guy is just a stingy informant. Dropping such a development like that, without a single reference. For those who have been asking for reference, here is the closest article I was able to get with really not much information.

http://crypta.news/2018/03/13/fraudulent-ico-project-will-be-calculated-with-the-help-of-artificial-intelligence/

I do not even trust this particular source anyway as it looks like a hungry website with a hungry owner.

[slashz9]

wow it looks good, I'm glad if it really exists, because now there are so many people are not responsible for the ico he made, they just make a fake web like phishing or the like then just disappear, I would strongly support it if the project is true .

[malikusama]

Provide the links or references from where you got the news about this particular algorithm, app or whatever it is?
And how you got the figure of 83% accuracy?,  BTW the idea is impressive and helpful to restrict the scammers in the market.

[eternalgloom]

I think I've found the correct source for this news: https://thenextweb.com/artificial-intelligence/2018/03/13/bad-news-for-most-cryptocurrency-companies-ai-can-tell-if-your-ico-is-a-scam/

This article is pretty in-depth and it does seem that the research done is legitimate.

From the article:

By analyzing 2,251 ICO projects, we correlate the life span and the price change of a digital currency with various levels of its ICO information, including its white papers, founding team, GitHub repository, website, etc. For the best setting, the proposed system is able to identify scam ICO projects with a precision of 0.83 and an F1 score of 0.80.

And this is encouraging, even if it isn’t revolutionary. This particular paper showcases an algorithm-based system that essentially automates what savvy investors are already doing by seeking out publicly available information that draws an overall picture of a coin. This is good for a couple of reasons, as the team points out:

Compared against human-designed rating systems, ICORATING has two key advantages. (1) Objectivity: a machine learning model involves less prior knowledge about the world, instead learning the causality from the data, in contrast to human designed systems that require massive involvement of human experts, who inevitably introduce biases. (2) Difficulty of manipulation by unscrupulous actors: the credit rating result is output from a machine learning model through black-box training. This process requires minor human involvement and intervention

It's definitely interesting that they've already have an 80% success rate and I agree with them that a system like this has many advantages over human-designed systems.

[quality.crypto]

wow it looks good, I'm glad if it really exists, because now there are so many people are not responsible for the ico he made, they just make a fake web like phishing or the like then just disappear, I would strongly support it if the project is true .

We have to be very careful with those websites because nobody doesn't know but they seem to be very interesting, they will design the website, whether they have good vision in terms of technology and at last after raising enough money they went into scams.

[13abyknight]

Artificial intelligence on the side of justice. A group of scientists from Michigan, Stanford and the University of California developed the ICORATING algorithm, which is capable of detecting ICO scammers with an accuracy of 83%.

This is just amazing work by whoever was behind creating the algorithm as this will surely help in weeding out the scams from the truly potential ICOs. 83% accuracy is pretty decent considering the number of ICOs that have been turning out to be scams in recent days.

The algorithm examined more than 2000 ICO projects, life expectancy and price changes for the crypto currency, whitepaper, constituent team, GitHub repository, websites and other information from the network.
This development should greatly help investors safely invest their capital in a truly existing and profitable ICO, and also analyze and give an overall assessment of the market.

Definitely going to sort out most of the the general queries of investors regarding projects scaling into the future. Taking the most important things into consideration while also cross verifying sources is just the way to go in finding the shady ones and putting them on a blacklist by alerting investors about the same.

[wuvdoll]

Artificial intelligence on the side of justice. A group of scientists from Michigan, Stanford and the University of California developed the ICORATING algorithm, which is capable of detecting ICO scammers with an accuracy of 83%.
The algorithm examined more than 2000 ICO projects, life expectancy and price changes for the crypto currency, whitepaper, constituent team, GitHub repository, websites and other information from the network.
This development should greatly help investors safely invest their capital in a truly existing and profitable ICO, and also analyze and give an overall assessment of the market.

Are you one of the team member who developed this AI or algorithm? i tried searching for an article on this, but couldn't find anything. would you mind sharing more information or an article (if there is one).

I really would not mind getting some information on this as well. However 83% accuracy sounds a little bit low. 17% is a lot and knowing that there may be some error in spotting some good ones to be bad ones within this few percentage is not a good one.

All the above, if it is for real, it should at least help in a way for the investors who may care anyway but I feel for me to be able to use this, it should be 99 or nothing. Come on! I have even been doing better with 100% accuracy so far in detecting scams, but not the life expectancy thing though.

[dreamHeaven]

Welcome to the world where robotics and AI is changing a lot of things. I feel it would assist a lot than becoming an enemy anyway as it could at least help make a lot of processes faster and make humans lazy eventually. But I doubt in near future AI will be enough capable to tackle the market fluctuations to get one trader accurate predictions. It will take more time before we can use AI for trading.

[Beparanf]

Welcome to the world where robotics and AI is changing a lot of things. I feel it would assist a lot than becoming an enemy anyway as it could at least help make a lot of processes faster and make humans lazy eventually. But I doubt in near future AI will be enough capable to tackle the market fluctuations to get one trader accurate predictions. It will take more time before we can use AI for trading.

Actually market price prediction is already being a subjected to an AI experiment. This is fitted to be used in AI experiment since market price is just based on move in exchange price. But I disagree about OP news regarding ICO review since AI will just review it base on the standard that their program set it and what if the standard set by the programmer is very poor. It will cause a danger for all the investor

[Leonard2016]

This kind of technology will revolutine the process. Complex decision-making involving a multitude of variables becomes possible with Artificial Intelligence and improved efficiency in business decision-making a customer satisfaction.
I know some project like OBIZCOIN that want to use this sort of technology.

Obizcoin?
I need to check it out , There are not a lot of coins using artificial intelligence , and it must has done something diffrent , must be interesting.

[macchiato]

It would be better if you include an article's link that will verify this. Regardless, I don't think it is impossible to develop a technology like this because AI's are being utilized to various applications already. This will be of great help to all of us and it will serve as the policemen in the crypto community.

[Arwinkim]

Is it accessible by the public? Unfortunately you didn't provide the link. A.I has been around to help us ranking tokens performance. But never heard this could be implemented in ICOs with such good accuracy. This is very helpful for investors who are finding legit projects.

[Arz26]

For me it is a computer or robot perform equal to or better than normal human computational ability in accuracy, capacity, and speed. Artificial intelligence includes computer playing , expert in systems or in language used to avoid highlighting one of the tracks being pursued at the time for the field of mind.   

[Arz26]

For me it is a computer or robot perform equal to or better than normal human computational ability in accuracy, capacity, and speed. Artificial intelligence includes computer playing , expert in systems or in language used to avoid highlighting one of the tracks being pursued at the time for the field of mind.   

[aervin11]

Artificial intelligence on the side of justice. A group of scientists from Michigan, Stanford and the University of California developed the ICORATING algorithm, which is capable of detecting ICO scammers with an accuracy of 83%.
The algorithm examined more than 2000 ICO projects, life expectancy and price changes for the crypto currency, whitepaper, constituent team, GitHub repository, websites and other information from the network.
This development should greatly help investors safely invest their capital in a truly existing and profitable ICO, and also analyze and give an overall assessment of the market.

I hope they would fund their project by conducting ICO also 
Is that project now open for beta? We want to see how it works and who is the team behind it for doing a great job.

[raven7886]

Where have you read the article ? What is the source of your context ?
There are many rumors that keep on spreading these days.Kindly update the post with the source so that users could believe what you are saying.
Although AI has entered the market and has showed us its great ability, it's tough to believe something like this. It would be really good though if something like this would be happening since investors would be benefitting a lot from it. If it were true, it would still be a little risky since the accuracy rate is 83% in which case some of the legit ICOs might get a bad name because of it.

How would someone just come here to tell us what some people are doing without even mentioning names and a lot of people have been requesting for article link without no response from the guy. At least, for news like this, there should always be a form of reference to make use of. I know AI is going to be changing a lot of things, but there are just some things that I believe they are just too good to be true and this is one of them.

With respect to what the OP has stated, I really do not see how he would give us information such as this and then not put something that one would even be able to search some details about it on Google.

[atjiat]

For me it is a computer or robot perform equal to or better than normal human computational ability in accuracy, capacity, and speed. Artificial intelligence includes computer playing , expert in systems or in language used to avoid highlighting one of the tracks being pursued at the time for the field of mind.   

Recently, all very strongly began to rely on artificial intelligence, in love with the life of a person using new technologies, but in some cases there is a small distrust of artificial intelligence.

[HappyMod]

That is amazing. There are no limits with Artificial Intelligence and this shows it once again!

There are several huge players in the field regarding AI on blockchain. Singularity, Neuromation, Cindication, and many more! As Rawafe mentioned complex decision-making will be possible on another scale that we've experienced before. This is something huge and there is much to explore and develop.

[davinchi]

You did not even put any link to a website or a name to even know what you are talking about. I would actually love to see the way this is going to work anyway and how the algorithm, will be able to help with all that you have mentioned with such as accuracy and like you have said, it should give investors a chance to make use of and also help reduce the number of scammers. However, regulation is around the corner anyway, so scam will still reduce, but the life expectancy? I am really looking forward to see how that would work.

[Sock778]

You did not even put any link to a website or a name to even know what you are talking about. I would actually love to see the way this is going to work anyway and how the algorithm, will be able to help with all that you have mentioned with such as accuracy and like you have said, it should give investors a chance to make use of and also help reduce the number of scammers. However, regulation is around the corner anyway, so scam will still reduce, but the life expectancy? I am really looking forward to see how that would work.

I don't think ICo regulation is around the corner. It should take at least a year. THat's a century in crypto time.

Also, even with regulations, there will always be scam ICOs out there. Just like penny stocks.