RE: Mini CONTEST: How AI supported by growing blockchain technology can change the world?
@crypto.piotr I love these kinds of discussion. I am here to make my opinion doesn't really mean that you should agree with me.
I think AI and Blockchain will go hand in hand in future. We have seen companies like Google, Facebook, Amazon are in a race of developing AI structure but the problem remains the same.
When we talk about AI everything you do or search about goes into a centralized system which in anyway not safe for anyone, Facebook's privacy issues is a good example for this.
In my opinion, blockchain has provided us the solution to develop advanced AI without a centralized system. As far as trading with AI, I am never in favor of this idea.
I don't know if you are aware of this but there are bots trading on different exchanges on behalf of human and not providing any good results, on the other hand, many whales are using these bots to get control of trading volumes.
Apart from all this, I don't think it's a good idea to rely on machines for everything. Wa? Say?
Im glad to hear that you like this sort of discussions. excellent!
BIG THX for sharing your thoughts. I found this topic very fascinating.
Definetly your post is a piece of great work. It took me a while to read it all :)
"I think AI and Blockchain will go hand in hand in future. "
We're on the same page here.
I was actually also wondering for quite some time ....
We are witnessing AI growing lately and some projects want to merge this technology with blockchain.
Would AI with it's imaginable processing power be capabable to commit mentioned fraud? Will AI be able to temper with blockchain? That seem to be very possible in the future. Current cryptography level will most likely not be much of a challenge once quantum computer will become reality and AI will develop even futher.
What do you think?
Piotr
I agree with you on all points, @bunnychum. Yet, trading with AI is what has slowly taken over the market and actually making a lot of people (especially whales) money and essentially leaving us normal traders in the dust in my experience. Unfortunately, more and more its becoming a game of "if you can't beat em, join em or become a HODLer" sort of thing.
Yeah, I cannot see us humans being able to compete with AI when it comes to trading.
Yeah, the more they perfect it, the less the chances. They do have an advantage of data detection and speed of reaction that just blows us away.
Sure .........@bunnychum I really totally agree with on AI Trading deficiency at the moment though I think there might improvement on that in the future.....
I am yet to see or read of a good result with that. I on my part can be persuaded to believe that the Idea of using AI for Mathematical projections and forecast can be classical.
Hi @bunnychum
Just wanted to say "thank you" one more time for supporting my little contest. Engagement has been massive and I didnt expect it to be that big. It's going to be so hard to chose 5 best replies lol.
Just small reminder: Winners will be announced on the 28 April 2018 (saturday)
Yours, Piotr