Chain of Minds: Unlocking the Infinite Potential of the AI+Blockchain Fusion
How AI Meets Blockchain to Revolutionize the World
For many reasons, Crypto alone couldn’t be disruptive enough.
It was too niche, and its popularisation too vulnerable to multidirectional attacks.
It’s the combination of Crypto and AI that will subvert established systems.
Yet:
AI moves even faster than blockchain technology and has seen exponential growth over the last few years.
Scammers are leaving the crypto space for AI where there's now more money to be made. A positive for crypto.
Except, having people with nefarious motives or not necessarily humanity-oriented in AI, is worse for society than having them in crypto.
We need AI++ to combat AI-.
Joshua decides
What do you think are the broader, long-term implications for the financial ecosystem of Joshua’s decision?
What happens when we give AI decisional autonomy?
What if blockchain can help verify identities, sources, AI-driven instructions and authenticity?
These questions and more will be covered in this edition of The Exit Newsletter.
Definitions:
Blockchain is a decentralized, distributed ledger that allows for secure and transparent record-keeping of transactions.
Ethereum and Bitcoin are the largest supercomputers in the world (measured in hashes.)
Artificial intelligence (AI) refers to the development of computer systems that can perform tasks that would typically require human intelligence, such as speech recognition, decision-making, and problem-solving.
The intersection of blockchain and AI is an emerging field that aims to leverage the strengths of both technologies to create innovative solutions.
TL;DR
AI applications, real and fake, are exploding at a staggering pace.
The excitement is so palpable that it equally convinced scammers and dumb money to move on from Crypto to this promised land of freedom.
I see AI as the evolution of computation. This is Nitro-.
Crypto as the evolution of the internet. This is -glycerin.
The deriving Nitroglycerin will profoundly change the World as we see it.
What are some of the most intriguing and promising combinations of AI+blockchain technology?
Here's a ranked list of 8 of the most notable ones, with a brief explanation of why they're interesting, and a Nitroglycerin index ranging from 1 (weak explosion) to 10 (are you still with us?):
Decentralized Finance (DeFi) and AI-driven trading: AI-powered trading algorithms can analyze vast amounts of financial data to make predictions and execute trades on blockchain-based DeFi platforms. This combination has the potential to revolutionize financial markets, making them way more efficient, vastly cheaper, more secure, and much more accessible to a broader audience. Nitroglycerin index: 10.
Smart contracts and AI decision-making: Combining AI with smart contracts can enable more advanced, autonomous, and self-executing agreements on the blockchain. This can lead to a wide range of applications, including decentralized insurance, supply chain management, and dispute resolution. Nitroglycerin index: 10.