Could Artificial Intelligence Make Bitcoin Much More Valuable?

[archipelago]

1 Bitcoin consists of 100 million satoshis (just like 1 dollar consists of 100 cents). About 40 of them need to be equal to 0.01 dollars. This could make Bitcoin useful for micropayments, especially the types of micropayments that AI bots can make on your behalf.

There's nothing stopping banks from splitting USD or any fiat currency into tinier fractions that are as small as needed. They don't do it today because no one needs that, but if that would change it would be made with a simple software update.

Bitcoin is also a peer-to-peer currency, meaning that people can send Bitcoin directly to each other without the need for any financial intermediaries. This means that no intermediary takes a cut of every transaction.

Bitcoin, be it on-chain or Lightning always has transaction fees. Meanwhile some banks have zero fee transactions between their clients and clients of their partner banks.

But for very small transactions, Bitcoin is still impractical, given the transaction fees. If a solution to this problem is not found, it could open the door for other cryptocurrencies to become the "currency of Artificial Intelligence".

According to Sam Altman of OpenAI (the company behind ChatGPT), the next wave of innovation will be autonomous AI agents, and this is where Bitcoin could step in and act as a currency.


  How do you think AI will impact Bitcoin or the crypto world?

How about they build AI economy first and then we worry whether Bitcoin is suitable for it or not? Because right now it's a problem that doesn't exist, just empty talk of influencers.

Well its true AI economy is not even built yet..i am glad to .see both Bitcoin and AI getting more recognitionn day by day

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[Razmirraz]

Could Artificial Intelligence Make Bitcoin Much More Valuable?

Bitcoin has just managed to reach ATH which broke the achievement that occurred in the previous year, the scheme for increasing Bitcoin prices remains the same depending on market sentiment. The process of increasing Bitcoin prices is still caused by the same scheme such as market demand, government regulations, wider adoption and other positive issues that spread widely through different media. For years before AI was launched, we have seen Bitcoin soar very rapidly, the price of Bitcoin would still soar high even without AI, another factor that causes the price of Bitcoin to soar even higher is its scarcity.

[wiss19]

The only way for AI to make Bitcoin more valuable is accepting Bitcoin payment in their sites, so what are AI sites that accept Bitcoin payment? I didn't find any, much better if they accept P2P payment instead of through fiat to Bitcoin or centralized payment processors.

Currency of artificial intelligence is no more less than bunch of buzzwords, currently online marketplaces, online services, etc have a lot demand, but Bitcoin didn't even become the first currency that being used on there, so don't expect people will use Bitcoin for AI too.

What you said is one thing that can contribute to the growth of BTC. When I say one thing, that means there are others too because AI's has an extensive use. The ones we are talking about here are only an indirect help because the ones who mainly earn here are the devs and teams of these AI-powered platforms.

People who force to use BTC to avail the AI services can still get interested to it which will lead for them to invest, use it for trade or as a currency regularly. Most AI platforms are centralized so only a few can do what you want of using P2P but that's fine. BTC is not the first but look at it now, so you should rather believe that its success can only continue.

[serjent05]

What that makes bitcoin to be valuable is internet and the device that is used to get access to the Internet. Yoy do not need AI or AI bit to have access to bitcoin. If you do not need AI to buy and hold or sell bitcoin, AI do not make bitcoin more valuable.

yes correct, but do you think AI can move BTC or crypto forward by making it act as currencies? Just thinking about the future, auto payments etc.

Bitcoin already act as currency, in fact it is a currency and is already acknowledged by many countries as a mode of payment.  If anything AI can help is for the automation of the process of  Bitcoin payment making it easier for merchants and company to integrate Bitcoin into their services.

AI is more inclined to help the integration of Bitcoin payment and AI is not needed to make Bitcoin act as currency because Bitcoin is already one. And I think AI can help Bitcoin to lessen the burden of Bitcoin adoption through automation making it easier for companies to integrate Bitcoin into their system. With these, I believe AI can make Bitcoin much more valuable by strengthening/supplementing the use case of Bitcoin.

[harapan]

yes correct, but do you think AI can move BTC or crypto forward by making it act as currencies? Just thinking about the future, auto payments etc.

AI is great. It has so many benefits in different areas of human endeavor. Currently all I think about AI is that it is just a trend. And as a trend, it cannot beneficial to bitcoin not by acting as a currency but in helping to create educational and informative campaigns on bitcoin. AI cannot act as a currency for bitcoin. Humans are bitcoin largest asset. We are the ones through adoption that can move bitcoin forward in to the future and not AI.

If AI is going to do auto-payments for us in the future how do you think we can mitigate against the risk of hacks as it will have to go online connect to our bitcoin wallet to make auto payments. And I don't think there is any bitcoiner who is going to take this risk.

Its as simple as that mate.So far,I haven't seen or heard AI in bitcoin business and I don't think it has any role either to play in bitcoins adoption.
We humans are the ones to utilize bitcoin,I mean the growth and success of bitcoin depends only on humans.AI have limitations,the quality of ideas and information they possess is only based on what they're trained on.They're unable to meet up and analyze factors of the current market condition,they can't make or provide any solution or decision from their own perspectives and that's harmful to bit coin's theory I must say.

We humans have the most significant approach to trading and using bitcoin,humans are very calculative,avaible to critical thinking,have limited memory,cognitive skills andadaptability and critical thinking to the decision-making process.

[peter0425]

What that makes bitcoin to be valuable is internet and the device that is used to get access to the Internet. Yoy do not need AI or AI bit to have access to bitcoin. If you do not need AI to buy and hold or sell bitcoin, AI do not make bitcoin more valuable.

yes correct, but do you think AI can move BTC or crypto forward by making it act as currencies? Just thinking about the future, auto payments etc.

Auto payments seem like a really innovative idea. Although we have already seen some of those with future payments but I think in a few years time we will really see it develop and be perfected.

There are other ways AI could be helpful both from a merchant’s perspective and a consumer. We already know how it can help investors but in terms of business and transactions, bitcoin could definitely be driven by AI technology. If AI feature was something unique to btc only then it will surely be more valuable.