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

[justdimin]

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 think it depends on the advancement level, I mean if we are talking about just a bit, then no it won't but if we are talking about actually using high levels of AI and not machine learning, then we could maybe start seeing something.

When you are using machine learning, it does learn by itself, and it even goes out and learns how to learn as well, I have used it to prepare all of my vacation for example, from train tickets to hotel to everything to see, that's good because it goes and looks for it, and learns about it, you do not teach it how to find train tickets just in case someone asks, you teach it how to find where to find train tickets and it goes finds it. We need to improve on this like 100x more and think for itself, it is not really AI if you ask it and it responds with the answer, it is AI when it asks "why do you want to do it" instead of giving you the result.

[goldkingcoiner]

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 think the effect would be rather positive, just as with any new technology which brings improvement to older technology. But at the same time I cannot see how AI is going to be a largely positive force for crypto. Can we even include AI into blockchain and have it still be decentralized or will AI have to sit on the centralized sidelines as a support function of sorts for blockchain?

Decentralized AI, that will be interesting to see. Only then can we talk about crypto and AI. Until then AI remains a neat gimmick for the crypto world, like 3D TV's.

Although there may have been advancements that I have no knowledge of, so take my post with a grain of salt.

[mvdheuvel1983]

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 already revolutionizing cryptocurrency in many ways that we can't even imagine both now and in the future. Whether it will be positive, negative or neutral depends on who is using the AI and for what purpose. We have encountered a negative effect of AI on bitcoin's price when some images were shared online. Well, since this user @Cantsay has provided links to similar topics, you would find perfect examples and instances of AI's impact on the cryptocurrency market.

[Blitzboy]

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 think the effect would be rather positive, just as with any new technology which brings improvement to older technology. But at the same time I cannot see how AI is going to be a largely positive force for crypto. Can we even include AI into blockchain and have it still be decentralized or will AI have to sit on the centralized sidelines as a support function of sorts for blockchain?

Decentralized AI, that will be interesting to see. Only then can we talk about crypto and AI. Until then AI remains a neat gimmick for the crypto world, like 3D TV's.

Although there may have been advancements that I have no knowledge of, so take my post with a grain of salt.

Your points raise interesting debates. To clarify, blockchain and AI arent necessarily incompatible - its all about how we merge them. Take decentralized AI as an example; federated learning allows machine learning models to learn from data across various devices while keeping it at the source. This kind of architecture could be integrated into blockchain networks without undermining the decentralization principle.

However, I find your comparison of AI in crypto to 3D TVs rather disheartening. AI has potential to do more than being a shiny new tool in the crypto world. Consider automated trading bots or fraud detection systems; these are not mere gimmicks.

Of course, the application of AI in crypto is still in its early stages, and your skepticism isnt unwarranted. But lets not hastily dismiss it as just a neat gimmick. Lets watch how the tech develops.

[DapanasFruit]

I am sure that AI would be a very positive development for Bitcoin and the rest of cryptocurrency. In fact, I am seeing that there can be many AI platforms to be adopting cryptocurrency or have tokens of their own for the use of the general public. I see no conflict of interest here but both of them can be complimentary...that is judging by the way things are turning out so far. I am looking forward for the blockchain technology and AI to be holding hands in hands offering people many good benefits. Let's see how things can turn out to be...and I am excited on this.

[fruktik]

AI is already revolutionizing cryptocurrency in many ways that we can't even imagine both now and in the future. Whether it will be positive, negative or neutral depends on who is using the AI and for what purpose. We have encountered a negative effect of AI on bitcoin's price when some images were shared online. Well, since this user @Cantsay has provided links to similar topics, you would find perfect examples and instances of AI's impact on the cryptocurrency market.

          Yes, there is no doubt that AI will influence the crypto world. I can say this for sure. Everything related to speculative operations and technological trends will be 100% under some kind of power of this progressive technology. Already, some of the programmers use it for their own selfish purposes.
          Well, what else did we expect? That it will work for the benefit of humanity? Yes, to some extent we will observe this, and all other options will fall on increasing the profits of those who will own such a powerful tool.

[BenCodie]

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]

All of these are different topics. AI is a relevant discussion, being an innovation like bitcoin and arguably poses positives or threats to it, so the OP is fine to make this post. 

Which brings me to my reply; AI and Bitcoin's relationship will be complicated. On one hand, it poses a security threat since a much higher level of intelligence may very well find a vulnerability that we didn't. On the other hand, it may prove that bitcoin is truly resistant, and assist humans to empower themselves with both knowledge and financial sovereignty.

Time will tell.