AI Bots are Eyeing Bitcoin Now Too

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#1Jul 20, 2017, 06:34 PM
Can someone break this down for me? Is this something the Bitcoin developers are okay with? I’m honestly so fed up with all this AI talk. Just the other day, I was looking at golf putters, and guess what? There are AI putters now, lol. Most of you already know how I feel about this, but AGI is the real deal, and we’re probably a couple of decades away from that, right? Who knows. I mean, how can we even talk about AI without quantum computing? I get that it’s just a marketing buzzword for some fancy programming, but a lot of people don’t see it that way. I’m tired of explaining this stuff. Anyway, if you know me, you know tech isn’t my strong suit, so I’m hoping someone can explain this in plain terms. Are the current developers okay with this or can they even do anything about it? (Yeah, I might sound a bit clueless.) All my favorite Bitcoin figures seem to be fading, and I can’t help but think this is part of the problem. Too much focus on this nonsense. So, BitcoinOS? Deep pools? AI? Ethereum (garbage)? And DeFi... I haven’t seen a single DeFi project that isn’t a scam, has anyone else? SMH.
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BasedGasHero Member
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#2Jul 20, 2017, 10:05 PM
The article didn't mention anything about AI intervention on the network or it's not even possible that you need to worry that Bitcoin Dev's are allowing it or not. Adding AI to every term becomes a trend now. These frameworks are talking about L2 solutions such as building smart contracts and dapps between Bitcoin and other networks.
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tony_ledgerFull Member
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#3Jul 22, 2017, 03:23 PM
Dude, I couldn't make it past the "What To Know" part of that article without getting lost in the technobabble.  But you know what?  It pretty much looks and sounds like every single blurb new altcoins have on their websites, i.e, it'll only make sense to 0.05% of people--and that's if it's not nonsense to begin with. Any wonder why bitcoin has succeeded while all of these idiotic shitcoins with DAOs and whatnot haven't even come close to living up to their hype?  It's because the only people who understand the tech enough to use them a) have a solution in need of a problem, or b) are scammers.  I'm looking right at'cha, DOT, Cosmos, ETH, and the rest of that lot.
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real_byteSenior Member
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#4Jul 22, 2017, 05:33 PM
AI third party solutions do add to the Bitcoin ecosystem but have no influence whatsoever on Bitcoin itself. And I do strongly agree with the statement that adding AI to everything is a new trend and that is all it currently has going for it. Personally I have not seen any AI implementations that I could consider to be very useful to Bitcoin. Rather they can be useful for Bitcoin-related projects. Obvious the biggest reason for this trend is marketing triggerwords.
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#5Jul 22, 2017, 07:21 PM
Amen. I wonder sometimes where i'd be in my "knowledge base" of cryptocurrency if I wasn't a coin collector.  Have been for decades but picked it back up big around 2013..man PM prices were also very attractive then too lol, but once I saw Casascius, my collecting really started to turn a diff direction, ,then Kialara and it was end game.  This led me to collectibles sub with many brilliant cryptographers who collect or once did.  Rusbitcoin, total pos but a brilliant cryptographer who use to be active here, maybe had the biggest influence..sure I knew to read/watch Andreas anything and everything and to listen to Greg, Adam, Nick, Hal etc and not Trevon James and the bitconnect fucks or the hot girl with big tits with 5M subscribers on YT who has no fn clue what shes talking about (which is like 99% of crypto YT channels)..but I would want coins to become something just because of how excited btc made me. IoT is a sector I invested heavily in early on and when IOTA came about I went to him..."bro, bitcoin".  I like to smoke weed, and pot shops can't accept credit cards..hey Rusbit, what about Potcoin "bro, bitcoin".  Looking back it's a bit embarrassing  but thank god I lucked out and met many brilliant minds here who've given me the time of day to help teach me.  Had a text convo yesterday, buddy has .5btc, 1 ether , and 40k in doge...I told him to get rid of every single bit of doge..sure you can make money off anything but it's literally a coin made to make  fun of crypto and it's biggest "backer" doesn't have a fucking clue how cryptography or cryptocurrency works (if you haven't seen the Elon, Jack, Cathie Wood round table, do yourself a favor).  Just like that newly appointed AI / Crypto Czar trump just hired..David Sacks..what in the fuck does he know about cryptography or advanced programming ..he's got an economics degree, a law degree and is one of the founders of one of the worlds most corrupt money organizations...PayPal.  He's a rich angel investor, got lucky creating a scam company that most people still believe to be legitimate. I watched Idiocracy for the first time the other day after it was recommended during a convo like this. Chymist, if not seen it, do so! You'll understand why the recommend quickly. Anyways I'm passionate about this stuff and now just bitching'blabbing on...thx all.
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falcon_wizardSenior Member
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#6Jul 22, 2017, 08:52 PM
I don't think this is something you need to worry about. First of all, it's not being built on Bitcoin. It's built on Ethereum as a layer-2 solution. It's a layer-2 chain that uses AI for trading and DeFi. The AI agents perform automatic trading using bridges between different blockchains based on set rules without the need for human intervention. But like any other bridge, they can be attacked, and people can lose their coins. The promises of safety and privacy are just mumble-jumble.
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hash_bossLegendary
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#7Jul 22, 2017, 09:53 PM
Let's see. 1. "Artificial intelligence-focused Ethereum layer-2 Mode" refers to Ethereum Layer 2 network called "Mode" with "AI" feature. 2. "BitcoinOS" is one of many Bitcoin Layer 2 network. Neither of them are part of Bitcoin protocol, so there's nothing to worry about it. Bitcoin developers could try killing "BitcoinOS", but probably not without killing other Bitcoin L2 network. Their attempt to bridge Bitcoin with different coin/blockchain network isn't new either, while some Bitcoin L2 already offer smart contract support so you could avoid bridging in first place.
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