Could Artificial Intelligence Represent Bitcoins Most Neglected Appeal

[Hydrogen]

The state of california recently replaced their entire bail process with a computer algorithm.

California just replaced cash bail with algorithms

Instead of leaving cash as collateral for freedom before a trial in court, those accused of crimes in California will be graded by an algorithm, starting in October 2019. A county official will then take that grade and use it to recommend whether the accused should be released or remain in jail.

https://qz.com/1375820/california-just-replaced-cash-bail-with-algorithms/

All around the world, corporations and governments are replacing human jobs with algorithms or artificial intelligence.

The distinction between an algorithm and artificial intelligence is not well defined. There are chess programs which brute force every possible move, not unlike a password cracker that attempts every possible password. These chess programs are labeled "artificial intelligence". Some might contend some programs and algorithms labeled "AI" are inaccurately categorized. There may be scant intelligence behind a password breaker which attempts 400 billion passwords. It might be argued there likewise may not be much intelligence behind a chess program which calculates 400 billion chess moves and selects one weighted move out of the group.

The intent here is to show how relatively simple algorithms can be categorized under an "AI" heading.

With the state of california replacing their bail process with an algorithm, some might view this as representing progress or innovation. This could represent part of the "artificial intelligence revolution" the media loves to glorify.

My question to you: can bitcoin's algorithm which alters mining difficulty to guarantee the last bitcoin is mined on may 7th, 2140 be considered a form of artificial intelligence?

With california replacing the bail process with an algorithm, perhaps this justifies bitcoin replacing economists and financial analysts with what might loosely be considered artificial intelligence?

Could this news article be considered acknowledgement algorithms or AI can do important jobs better than people. And so perhaps bitcoin represents a large leap forward in innovation due to its supply being determined via algorithm/AI rather than humans?

[spirali]

My question to you: can bitcoin's algorithm which alters mining difficulty to guarantee the last bitcoin is mined on may 7th, 2140 be considered a form of artificial intelligence?

In the sense of machine learning (which is behind all the latest AI advancements), the answer would be "no". I'll just quote this answer as I find it accurate:

An algorithm is a structured method. A step-by-step instruction guide. A recipe in a cook book is an algorithm, for example. Computers run algorithms, since they are very good at following clear instructions, and doing exactly what they are told.

Artificial Intelligence is a research field in Computer Science. It investigates how to construct specific algorithms which behave in a way which can be deemed intelligent in some way or other. For example, an algorithm which implements a model that gets refined with experience or which parses a data set to build a model is essential for Machine Learning, a subfield of AI that deals with systems which adapt in a way which is not unlike the human concept of learning. There are many other subfields of AI: planning, reasoning, knowledge representation, ...

When implementing the AI systems to act in the real world, the field of robotics gets involved. Essentially this field is concerned with getting mechanical interactions in the real world due to an algorithm running on a computer, where the algorithm tells the individual motors or other components when and how to move.

[Hydrogen]

No, at least in the sense of machine learning which is behind all the latest AI advancements. I'll just quote this answer https://www.quora.com/What-is-the-difference-between-artificial-intelligence-and-algorithms as I find it accurate:

An algorithm is a structured method. A step-by-step instruction guide. A recipe in a cook book is an algorithm, for example. Computers run algorithms, since they are very good at following clear instructions, and doing exactly what they are told.

Artificial Intelligence is a research field in Computer Science. It investigates how to construct specific algorithms which behave in a way which can be deemed intelligent in some way or other. For example, an algorithm which implements a model that gets refined with experience or which parses a data set to build a model is essential for Machine Learning, a subfield of AI that deals with systems which adapt in a way which is not unlike the human concept of learning. There are many other subfields of AI: planning, reasoning, knowledge representation, ...

When people think of artificial intelligence, one of the first things that comes to mind is IBM's "Deep Blue" which defeated Gary Kasparov in chess. On its wikipedia page, we see reasons why technically it may not be considered AI at all, even though the general public and many with tech backgrounds believe it to represent the pinnacle of AI development for its time.

Design

Deep Blue employed custom VLSI chips to execute the alpha-beta search algorithm in parallel,[13] an example of GOFAI (Good Old-Fashioned Artificial Intelligence) rather than of deep learning which would come a decade later. It was a brute force approach, and one of its developers even disclaimed that it was artificial intelligence at all.[14]

https://en.wikipedia.org/wiki/Deep_Blue_(chess_computer)#Design

Likewise, many consider self driving cars to represent artificial intelligence.

However it can be said that many "autonomous cars" on the road today do not fall under the definition of AI you posted from quora. They do not contain deep learning, neural nets or any of those fundamental AI design principles. Yet the media often labels them "artificial intelligence".

Anyways the sad truth here may be the media inaccurately labels many things "artificial intelligence" which are not. When the media does this, it could open the door to bitcoin's supply algorithm being labeled artificial intelligence. Due to diminishing of standards.

[spirali]

However it can be said that many "autonomous cars" on the road today do not fall under the definition of AI you posted from quora. They do not contain deep learning, neural nets or any of those fundamental AI design principles. Yet the media often labels them "artificial intelligence".

It depends on what we call "autonomous cars". An old Mercedes S-Class which can stay autonomously within the lines on a highway doesn't need machine learning. But more advanced systems such as the one tested by Uber use machine learning as it would be impossible to hard code every situation.

Anyways the sad truth here may be the media inaccurately labels many things "artificial intelligence" which are not. When the media does this, it could open the door to bitcoin's supply algorithm being labeled artificial intelligence. Due to diminishing of standards.

Exactly. Words are often used mistakenly and interchangeably when they become buzzwords. I'd say the criteria to define true AI is if the model gets refined with experience, which is not the case of the Bitcoin difficulty adjustment algorithm (it just follows a set of hard coded rules).

Considering brute force as a form of AI would be like considering a Casio calculator as AI as it manages to calculate 4+3=7...

[hatshepsut93]

My question to you: can bitcoin's algorithm which alters mining difficulty to guarantee the last bitcoin is mined on may 7th, 2140 be considered a form of artificial intelligence?

With california replacing the bail process with an algorithm, perhaps this justifies bitcoin replacing economists and financial analysts with what might loosely be considered artificial intelligence?

Could this news article be considered acknowledgement algorithms or AI can do important jobs better than people. And so perhaps bitcoin represents a large leap forward in innovation due to its supply being determined via algorithm/AI rather than humans?

No, people should stop misusing the term "AI", and we definitely shouldn't confuse the public by telling that Bitcoin has AI in it's protocol. Leave these tricks to altcoiners, they love to use tech buzzwords to lure investors, Bitcoin should be better than that.

Currently by AI people usually mean adaptive algorithms like neural networks, but Bitcoin's difficulty adjustment is just a few "if" statements. PoW consensus as a whole is indeed a great invention, but it's hard or even impossible to apply it to non-cryptocurrency blockchains. We should focus attention on Bitcoin as a whole instead of disassembling it into parts and then thinking how to apply them elsewhere.

[ricardobs]

The state of california recently replaced their entire bail process with a computer algorithm.

California just replaced cash bail with algorithms

Instead of leaving cash as collateral for freedom before a trial in court, those accused of crimes in California will be graded by an algorithm, starting in October 2019. A county official will then take that grade and use it to recommend whether the accused should be released or remain in jail.

https://qz.com/1375820/california-just-replaced-cash-bail-with-algorithms/

All around the world, corporations and governments are replacing human jobs with algorithms or artificial intelligence.

The distinction between an algorithm and artificial intelligence is not well defined. There are chess programs which brute force every possible move, not unlike a password cracker that attempts every possible password. These chess programs are labeled "artificial intelligence". Some might contend some programs and algorithms labeled "AI" are inaccurately categorized. There may be scant intelligence behind a password breaker which attempts 400 billion passwords. It might be argued there likewise may not be much intelligence behind a chess program which calculates 400 billion chess moves and selects one weighted move out of the group.

The intent here is to show how relatively simple algorithms can be categorized under an "AI" heading.

With the state of california replacing their bail process with an algorithm, some might view this as representing progress or innovation. This could represent part of the "artificial intelligence revolution" the media loves to glorify.

My question to you: can bitcoin's algorithm which alters mining difficulty to guarantee the last bitcoin is mined on may 7th, 2140 be considered a form of artificial intelligence?

With california replacing the bail process with an algorithm, perhaps this justifies bitcoin replacing economists and financial analysts with what might loosely be considered artificial intelligence?

Could this news article be considered acknowledgement algorithms or AI can do important jobs better than people. And so perhaps bitcoin represents a large leap forward in innovation due to its supply being determined via algorithm/AI rather than humans?

But do you think that is a good idea when the government is using artificial intelligence to replace people at work. So what happens to those people? 🤔Assuming in a factory and they happen to bring in artificial intelligence, don’t you think they are going to try to sack some of their staffs to be able to maintain their artificial work or whatever 😑😑👍I don’t know I’m going to put that, but I still don’t think it’s a good idea. Let’s continue things the way they are and if we bring in artificial intelligence let it just be a way of making things quick and easy and not to replace people.