Quote from: goldkingcoiner on June 22, 2023, 02:54:46 PM

Quote from: octobuzz on April 19, 2023, 08:45:18 AM

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.