According to a #crypto expert who shared his views on the X platform, artificial intelligence has the potential to significantly reshape the cryptocurrency sector. This influence is expected to be far greater than any benefits that cryptocurrencies might offer for the development of AI. In the near future, the crypto industry could derive more value from AI than any other sector.
AI and Solving Challenges in the Cryptocurrency Sector
The analyst emphasized that open-source AI should use proof of work mechanisms to maintain resistance to censorship. He also pointed out that governments may impose stricter regulations on advanced AI technologies than on crypto assets like Bitcoin.
Beyond censorship resistance, AI offers the opportunity to address issues faced by the cryptocurrency sector. This dual approach could lead the industry to gain equal or even greater value from using AI to solve its problems rather than relying solely on blockchain for distributing AI capabilities.
Vitalik Buterin's View on AI in Cryptocurrencies
#Ethereum founder Vitalik Buterin shares similar views. He mentions the role of robotic market makers on decentralized exchanges (DEX) as an example of AI's potential in the crypto space. He also predicts that AI will find applications in prediction markets and decentralized autonomous organizations (DAO), where it could play a central role.
AI Omen: A New Concept of Prediction Markets
Buterin introduced the concept of AI Omen, a demo of a prediction market where artificial intelligences act as active participants. He cites examples like predicting tax season outcomes or court rulings, where AI, based on available data, provides estimates of future results.
The potential of AI in prediction markets is enormous. AI technologies could offer solutions for verifying social media content, assessing stock prices, and evaluating the legitimacy of online interactions.
Artificial Intelligence as Part of Decentralized Markets
#AI has the ability to engage in decentralized mechanisms that reward or penalize based on predictions. This approach introduces a new governance model where AIs are evaluated based on performance, and the whole system operates similarly to a game, where user inputs determine the outcomes.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
