Decentralised AI Systems And Why CryptoCurrency Trading Is Dominated By Bots 🤖

in #cryptocurrency7 years ago

Ben-Goert12zel.jpg

A recent interview with AI visionary Ben Goertzel shows Ben's visions for the future of AI and computer computation.

The main reason for this decentralization is to guide the AIs towards good, rather than evil.

Screen Shot 2013-04-29 at 5.02.46 PM.png

Ben is a author and researcher in the brave new world of artificial intelligence. He is the chairman of Artificial Intelligence Society and the OpenCog Foundation, Vice chairman of nonprofit Humanity+, founder and CEO of SingularityNet and cheif scientist at Hanson Robotics.

He is also currently working on the first AI marketplace powered by Blockchain technology.

Triippy Blocjchain.jpg

I’ve been doing artificial intelligence applications in sort of every industry you can imagine from genetics, bioinformatics, and natural language processing. Some national security stuff with the US government, computer graphics, vision processing.

Goertzel and his company, Aidyia, turned on a hedge fund that makes all stock trades using artificial intelligence—no human intervention required. "If we all die," says Goertzel, a longtime AI guru and the company's chief scientist, "it would keep trading."

Six years ago I moved to Hong Kong and I began working with my friend David Hanson on application of AI to humanoid robotics. He has what’s the world’s most realistic humanoid robots, with beautiful facial expressions and emotional expression. He wanted the robots to be intelligent as well as looking good, and of course that’s a big research goal. We’re still working on it, but it’s a fascinating challenge.

soph.JPG

Sophia Robot

One of the things we realized in developing the Sophia robot and developing our AI technology, was that to take the next big leap in AI functionality, we want to build what we’ve been thinking of as a massive globally distributed AI mindcloud.

We want a decentralized network of AIs, each AI carrying out its own particular function, and different AIs in the decentralized network all communicating with each other and sharing data with each other and giving tasks to each other and doing work for each other.

The Decentralisation Of AIs

In order to build this decentralized network of AIs that share information with each other and ask each other to do things for each other, the Blockchain emerged as an appropriate platform

AI-special.jpg

A Network Of AIs

We wanted to build a network that would let people put up AIs anywhere on the planet. All these different AIs in the network would talk to each other and share information, and the collective intelligence of this whole network of AIs would exceed the intelligence by far of any one AI in the network. You need a lot of supporting technology to make that work.

Homomorphic encryption and related technologies are very valuable because some AIs have data they want to share with other AIs only in certain aspects and certain ways. The distributed ledger and the homomorphic encryption are sort of critical technologies for realizing this vision of a DAO of AIs.

botcoin.jpg

We May Be Soon Trading An AI Coin

One thing we realized recently was that introducing our own token could also be a valuable ingredient in the mix, because the different AIs in this DAO may be owned by different people, I mean ultimately they will be owned by themselves, and they want to exchange value along with exchanging data and requests for work. So then having a token that’s customized for the AIs to use to exchange value among each other can be valuable also.

If You trade Crypto, You've Probably Traded With A Bot

Capture3.PNG

What Is Intelligent Trading Tech (ITT)?


Intelligent Trading Tech is a trading assistant based on the power of Artificial Intelligence and hosted on the Ethereum network

As I’m sure most of you know, the Cryptocurrency market has grown at an incredible rate of the past year or so and shows no signs of slowing down.

There are many other Trading Bots you can buy, it's even possible to program your own trading bot if you feel brave, here is part 1 of a 3 part article on how to program your own trading bot.

headerImg.jpg

The Problems Associated With This

  • Misinformation

  • Pump & Dump Schemes

  • Disinformation

As the amount of information increases (for example, a Steemit tutorial on how to trade), so too does the quantity of misinformation, disinformation and pump & dump schemes.

As a result, the job of a trader becomes far harder as they navigate the tough terrain of the market; keeping up to date on truthful and useful information, while disregarding negative sources of information.

As someone who has personally tried his hand in trading, I can attest to the fact that this is much easier said than done.

cryptocurrency-trading-update-july-2017-featured-680x320.jpg

Why We All Still Invest In The Cryptocurrency Market

I believe that the Cryptocurrencies market is the best in the world for traders right because of the following reasons:

Recently Booming/Young

  • Cryptocurrency markets are growing at a rapid rate, even the average traders can make considerable returns as their choice crypto rises in value. This is direct contrast with regular financial markets where around 90% of traders actually lose money in the long-term.

Volatile

  • The higher the volatility in a market, the greater the opportunity for traders. Think about it like this; in a regular financial market, it may take several weeks to see returns of 20% for example. In the cryptocurrency market, changes like this occurs in the space of 24 hours on a regular basis. Therefore, the potential for profits is far greater. Yes, it could be argued that the opportunity for losses is greater also but this is just the risk traders take so it will put very few off.

Crypto_(Banner).png

Open 24/7

Most regular financial markets open and shut every day at set times and are closed during weekends. Cryptocurrencies, on the other hand, can be traded at all times on any day. The inherent benefit is pretty clear for traders here; a market which trades for a greater number of hours has greater profit potential. This is because of the bots working non-stop to gain profits.

Borderless

Cryptocurrencies are borderless, meaning that they are not inherently tied to any country. The benefit of this is less significant than other factors but it does mean that information is more evenly distributed between all countries, compared with a business based in a country where there will often be better information for those in that country as a result.

chappie.jpg

Should You Be Worried About Artificial Intelligences Commiting Acts Of Evil?

Elon Musk and Steven Hawking reportedly foresee a potentially dangerous future in the advancement of AI (artificial intelligence).

The cause of the concern is Mostly through a centralized AI that is prone to regulation.

The great power of Bitcoin and blockchain technology is that it prompts a rethinking of nearly every existing problem. The issue of Friendly AI, how we can effectively transform into a society with human-friendly artificial intelligence (AI), is exactly such a problem.

There are at least Five Key Features of blockchain technology that suggest a path to Friendly AI is not only possible, but could be likely. Read about them here.

funny bot.jpg

My Thoughts

As an avid Crypto trader I at times feel threatened by the possibility of these AIs trading so well that every human trader may lose all their money, however, while the robots are not that advanced now it is time to trade.

Let's take advantage of this while we can!

Trade on Steemians!



Sources: 1, 2, 3, 4, 5, 6. Images: 1, 2, 3, 4 5, 6, 7, 8, 9, 10, 11, 12, 13


# Who is @Chron?

@chron is a 16 year old robot-headed Steemer, currently based in Bali, Indonesia.

I am currently working in association with @samstonehill on the following projects:

Here is a list of Steemit Witness I have voted for & recommend you do the same:

@teamsteem @timcliff @jesta @good-karma @someguy123 @blocktrades @pfunk @klye @krnel @blueorgy @ausbitbank & @thecryptodrive

Without them the our beautiful decentralized platform would sink!

Learn what this means HERE and place your vote HERE.

Chron banner.jpg

Sort:  

Thanks for sharing my bro... Great post!
Future coming fast, good to see peoples are working hard on the positive side too.
Big love!!!

Thanks Michael, don't have a robot arm next time I see you ;)!

Loading...
Loading...

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 68571.56
ETH 3910.03
USDT 1.00
SBD 3.66