Too many AI projects (?)

[meowchele]

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

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

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[husnanparebok]

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.

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.

[bittick]

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.

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.

[Golftech]

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.

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.

[poli_btc]

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.

[rahul10]

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.

[commander11]

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.

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.

[mastadonballs]

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 .

[tweetbit]

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.

[Johnzky]

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

[EastSound]

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.

[entrepmind23]

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.

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

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.

[CryptoBry]

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.

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.

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!).

[eaLiTy]

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.
Really interested in hearing your thoughts on this. Thanks.

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 .

[max65]

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.

[iryboy]

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

[Bachelorrd]

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?

[Rhegar011]

Also too many copy cat VR,Streaming projects.

[jacksonmark30]

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?

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

[jomarthegreat89]

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?