TL; DR
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Ethereum founder Vitalik Buterin (aka ETH Daddy) just gave his thoughts on where AI and crypto best intersect.
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[Idea 01 ] Use AI as a way to better predict crypto prices.
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[Idea 02 ] Use AI as a way to better detect scams.
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[Idea 03 ] Take people out of the equation and let AI make the decisions.
Full story
Ethereum founder Vitalik Buterin (aka ETH Daddy) just gave his thoughts on where AI and crypto best intersect.
And while we love him, the man is something but concise.
That’s why we’ve summarized his three main ideas, which start in the “safe and appropriate” category but quickly evolve into “cool, but very risky.”
Confused? This is what we’re talking about:
[Idea 01 ] Use AI as a way to better predict crypto prices.
(Safe, well suited and probably already done).
[Idea 02 ] Use AI as a way to better detect scams.
Because most users cannot/shouldn’t read/examine the smart contract code to find out whether a transaction request is malicious or not.
(Drawback risk: users may become complacent).
[Idea 03 ] Take people out of the equation and let AI make the decisions.
Whether you trade/invest your own money, or vote on how to spend shared funds (e.g. in a DAO) – some people dream of being able to take themselves out of the picture and automate it all using a range of highly trusted AI models.
Sounds ‘cool’, but very bad risky Skynet-y.”
That’s the basic idea!
(If you want to read the full article, you can here).