Do Not Bring AI to Cryptocurrencies

By Debesh Choudhury | TechFuture | 25 Aug 2023


Artificial intelligence is attracting everybody.

  • Artificial intelligence, or AI, is a trending technology. AI appeals to all and everyone.

  • AI is a technology hype used by all technologists, educationists, digital marketers, and creators in various fields.

AI is a buzzword that tends to make humans dumber than they are.


 

Do not bring AI to cryptocurrencies.

Cryptocurrency is a technology use case based on blockchain and cryptographic protocol in a distributed computational infrastructure.

  • Every cryptocurrency transaction results in a deterministic delivery of assets to the correct destination address.

Still, cryptocurrency is a nascent fintech application.

  • Improvements in cryptographic hash and time of computation are required.

  • Some cryptocurrencies are improving their technology, such as BitcoinCash.

  • Some cryptocurrencies are befooling users with fake technologies, such as Bitcoin with lightning network.

But do not bring new uncertainty, such as AI, to cryptocurrency.

Let cryptocurrencies run with their proven technology bases of blockchain and distributed computing.

AI's uncertainty may jeopardize cryptocurrency.


 

Conclusion

  • Cryptocurrency is a deterministic technology use case for decentralized finance using blockchain and distributed computing.

  • Bringing a new, uncertain technology like AI into cryptocurrency is unnecessary.

We need improvements, not unnecessary experiments.


 

Postscript

Play with ChatGPT and other AI platforms.

Give them free testing and spend your invaluable time.

Draw pictures with AI (like the cover image), and create nonsense music.

But DO NOT bring AI into cryptocurrencies.


 

 

Who I am

  • I am from Science, Technology, Engineering, and Mathematics (STEM). I have also added "Arts" and "Fine Art" to my interests and made my interests STEAM - Science, Technology, Engineering, Arts, and Mathematics.

  • I develop solutions for passwords and cybersecurity relevant to cryptocurrencies, blockchain, and blockless distributed ledgers.

I hope the entire blogging community will strive here and elsewhere.


 

Publish0x affiliate link

 

The article was initially posted on ReadCash.


 

Cheers!

Debesh Choudhury

Text Copyright © 2023 Debesh Choudhury — All Rights Reserved

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Lead Image:  By whadatobexy from Pixabay.

All other images are either drawn/created/screenshots by myself or credited to the respective artists/sources.

Disclaimer: All texts are mine and original. Any similarity and resemblance to any other content are purely accidental. The article is not advice for life, career, business, or investment. Do your research before adopting any options.

Unite and Empower Humanity.

#cryptocurrency #blockchain #artificialintelligence #fintech #technology

Aug 25, 2023

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Debesh Choudhury
Debesh Choudhury

I am an Information Security Researcher, Podcast Host & Tech Blogger.


TechFuture
TechFuture

TechFuture will publish short articles on future technologies that will make the world a better place to live. It will include digital identity, data privacy, passwords & cybersecurity, cryptocurrencies, and many more.

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