Would the advancement in AI have any adverse effects on cryptocurrency?

[octobuzz]

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

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[Cantsay]

They have been several threads on the forum thats has been created concerning the effect of AI on cryptocurrency so it would be better for you to check them out and I'm sure you'll find the answer/responce you're seeking.

• What is your opinions of future in Crypto with AI technology?
• To what extent can Artificial intelligence (AI) Enhance BTC mining. ?
• Is it true that this AI is good for trading?

Most of them were recently made so it would be better for you to join on the discussion there and ask your question.[/list]

[mendace]

I think the best way to leverage AI in the future with bitcoin is to implement instant payment for real-time processing.  Let me explain, one day AI will be so powerful that they could easily do video editing, or podcast editing and a service like Adobe could implement a payment with LN to do certain things.  This is what I expect from the future.

[JayTrain]

AI could potentially have both positive and negative impacts on cryptocurrency. On the positive side, AI can be used for trading algorithms that can help traders make more informed decisions and increase efficiency. Additionally, AI can help with fraud detection and prevention, which can increase trust in the crypto market. However, on the negative side, AI could also potentially lead to increased market manipulation and further centralization of the crypto market. It's important to monitor and regulate the use of AI in the crypto industry to ensure that it is used in an ethical and responsible manner.

[pooya87]

Just like "quantum computing" the "Artificial Intelligence" is also not a magical word that can solve anything. These technologies have their limits and purposes, they can not revolutionize every other technology overnight.

[SquirrelJulietGarden]

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future.

The clearest threat I can think of is AI hazardous threats to support hackers to more easily find bugs, weakness in codes of low quality projects to exploit them.

We know that AI can help developers to make their coding progress more easily by finding bugs, writing a theme code from their requirements. An experienced coder can modify given code from AI to match his need.

From this, in future I believe AI can contribute to destroy weak cryptocurrency projects but it is responsibility of those project coders. For us, we must know about that threat and avoid spending money in low quality projects.

[Husires]

Without defining the scope, the improvement that artificial intelligence will provide to the world will be considered an improvement for Bitcoin, but in a specific field or specialized, artificial intelligence will not add new features to cryptocurrencies exactly as much as it will add to any knowledge.

Things that can be added are increased internet speed, cheap energy, improvements in hardware and thus reducing the cost of manufacturing mining tools, development in decryption capabilities and other technologies directly related to cryptocurrencies.

[ImThour]

AI will just be beneficial to the traders and the developers who are integrating it into the already existing projects related to crypto, you will never see AI being implemented in Bitcoin or Ethereum, or any other crypto asset.

About adverse effects, you are mostly talking about the negative aspect and I don't think so there will be any negative aspect of AI in crypto just like every other technology or job which might be replaced by AI in future. It will only be beneficial or advantage in the long run.

Here are all the projects which are marked as AI & Big Data on CoinMarketCap which you might want to track and see how they are impacting or getting better with AI: https://coinmarketcap.com/view/ai-big-data/

One great example from this list is Render Token. It is a Distributed GPU rendering on the blockchain which is providing GPU power and also using it for the calculations done for the creation of AI models.

[Odusko]

Just like "quantum computing" the "Artificial Intelligence" is also not a magical word that can solve anything. These technologies have their limits and purposes, they can not revolutionize every other technology overnight.

Exactly, I have been trying to rob my brain around the functionality of Artificial intelligence in some sectors and one of those confusing sectors is the use of a bot in cryptocurrency or its potential service to the overall well-being of the cryptocurrency ecosystem.
Just as you have rightly said, AI has its limits and can't function in all sectors unless in some few lines where its usage can be advocated properly but I don't think there are many jobs left for AI to do in cryptocurrency unless for the pocket of few areas where artificial intelligence can be used in cryptocurrency.

[sunsilk]

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

I'm only thinking of two things which has been already being done as the first thing which is all about automating the trades and we've got bots already doing that.

The next one are the projects that are related to AI, nothing that much to do with bitcoin. And if you're not getting my idea, it's about like having those bunch of meme coins being made on this craze and we shall see the next AI projects.

[Bananington]

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

The effects will be both positive and negative, one identifiable effect AI will have on cryptocurrency is that it will increase the number of AI tokens and because AI is new it will experience and get the attention of many people interested in cryptocurrency, both the people who are old and the one's who have been attracted by the potential benefits of owning these tokens. The negative side is that many people will get scammed somehow in the process of trying to own some of these AI tokens.

[Hispo]

I have already found at least one Telegram group of people being scammed their money by a company that allegedly offers the service of an artificial intelligence to execute cryptocurrency trades and take advantage of "arbitrage", generating a steady passive income.
I don't know, for now the impact I have seen the AI has on our community is being used as a concept or buzzword so scammers can deceive people to throw their money at them, being through a Ponzi or just a shitcoin ICO. 

So in my opinion, so far, the impact has been negative, considering the millions of dollars in personal damages that have been and will be done and nothing the victims will be able to do avoid it.

If someone wants to invest in AI, go buy stocks of technological companies working on it, why trust the your money to anonymous shitcoiners on the internet who claim to be the makers of the next industrial revolution. 

For God's sake.

 

[Sarah Azhari]

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

if we look at the forum here, lots of contradictions and negative debates about AI. I see several members used that technology for burst posts and cheating. So in this case, I can argue that AI is a bit negative for cryptocurrency. AI also can create programs and code that can duplicate code to make similar existing cryptocurrencies, so that might be made confusing if really the same and used the same blockchain.

[el kaka22]

There will be good ones and there will be bad ones. Good ones is that if you use AI properly then you can build something that would be unheard of anywhere else, and put AI into crypto and when you combine those two things together you can make something that is insanely highly ranked, like at least top 10, maybe even go as high as top 5 if you do a very well rounded one.

This will be hard and it will take some time and require some world class developers to build so I do not expect it anytime soon, but when we are talking about this much money in the end, I am sure they will do it eventually. Bad one is that many projects will just put "gpt" at the end and act like they are AI when they are not just to steal your money.

[BVeyron]

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

In general, AI technology is used to work with big data, so the accounts and transactions won't be affected directly in case of rapid AI development. So I think that AI can't do any harm to cryptocurrency industry, unless AI is allowed to change codes of cryptocurrencies. The use of AI in blockchain protocol development would be a real disaster...

[Blitzboy]

AI, an inexorable force, collides with the unyielding crypto phenomenon. The merger promises thrills but could unleash chaos if not wisely steered. AI, with its talent for trend prediction and market assessment, can convert crypto into a safe investment bet.

Yet, we mustnt ignore the hazards. Misused AI could dictate the crypto markets, instigating financial anarchy. This dark dystopian fate looms if we're imprudent.

AI' integration with crypto presents a dangerous dichotomy. Therefore, we must tread warily. Regulation is essential to avert this integration from turning into an Orwellian nightmare.

[Victorik]

AI will definitely have both positive and negative effect on crypto, but the positive effect will have more impact on crypto than the negatives. Part of the positive effect is that it will aid trading

[LSDadventure]

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

AI can help people to code stuffs and I believe AI will be able to help people to create cryptocurrency projects.

I think in both positive and negative sides of those AI-generated cryptocurrency projects. Most of them will be useless because most of people who order AI to write code and create cryptocurrency projects for them, will be likely incapable of making high quality projects with ideas to solve real problems in society. No good use cases, those projects will be useless too.

In contrast it can help developers to reduce their time for unimportant tasks and they can focus more on more important tasks. It will  help them to increase their productivity in coding. I believe it is super helpful for developers.

[avikz]

The rapid development and advancement of AI is something that everyone is aware of. AI has truly come to stay with new ideas being implemented and released by different companies.

However, I'm a bit curious on how AI would affect cryptocurrency in the nearest future. Will it be majorly positive or negative? Let's all share our thoughts on this.

AI is at a very nascent stage right now and the capabilities are already exceeding our imagination. So we really don't know how far it will go. The industry leaders like Elon Musk, Geoffrey Hinton even Openai CEO Sam Altman has warned us already about it's risks. It has a power beyond our imagination. So it is too early to say if cryptos will be at risk because of AI or not. But it could be.

Keep your eyes open and start using AI tools to stay ahead of your competition. It will help you to understand the trend of the market. The answer to your question is still not known.

[NotATether]

AI is related to Machine Learning.

Basically, any company that stands to benefit from using machine learning has already done so, even payment processing companies like Paypal, but not for their payment infrastructure, but rather to detect fraud patterns. Bitcoin and other cryptocurrency don't really have a use for predicting "trends", unless the trend to predict is how fast an epoch will be completed for block adjustment purposes.

Then again, there is no good way to store and run machine learning models in C++ so don't expect any "AI advancements" to come to cryptocurrency any time soon.