Bitcoin and AI
Two revolutionary technologies that are changing the world on their own.
But what happens when we combine them to create a symbiotic relationship?
(SPOILER: it's already happening)đ
As AI unlocks new levels of productivity and creativity, it could commodify bitcoin and make it more accessible, expanding its use & applications.
In turn, Bitcoin can complement AI's growth by serving as a payment tool for AI computation & imposing constraints on AI algorithms.
Early adopters of AI and bitcoin tools will have the opportunity to benefit disproportionately relative to those that come later.
Let's take a look at some early adopters.
There are two companies at the forefront of the bitcoin and AI symbiosis.
1. Stakwork
2. StatMuse
Stakwork is a crowdsourcing platform that allows users to complete automated microtasks for pay in bitcoin over the Lightning Network.
The platform combines human and AI input to complete tasks such as image processing.
A human living anywhere in the world can complete tasks.
StatMuse is an AI search and knowledge platform that uses natural language processing to provide users with data and intelligence.
Originally used to generate sports-related content & info through digital assistants, the company is now expanding into money and bitcoin content.
Both companies represent a trend of traditional tech companies expanding into bitcoin and thinking in terms of a bitcoin standard.
Let's expand upon applications in a world powered by AI and Bitcoin.
Here are a few theoretical applications:
1. One potential application is using AI to improve the user experience and adoption of the Lightning Network
AI could help with routing and pathfinding, channel and liquidity management, and privacy improvements for Lightning payments.
2. Another potential application is using AI to optimize Bitcoin mining operations by dynamically adjusting ASICs based on efficiency characteristics, hash price, and power costs.
3. AI services can be monetized through the Lightning network allowing for micropayments.
Let's take Chat GPT Plus as an example.
Paying 10 sats per search can be more attractive for users than paying a much more costly monthly subscription for unlimited searches.
4. A tech stack of the future consisting of Bitcoin, Nostr, and AI has potential.
A protocol with native bitcoin integration and built-in AI-powered digital assistants for censorship-resistant search, content creation, and knowledge acquisition can revolutionize social media.
Wrapping up this thread with one last consideration...
There is a serious threat of AI going rogue and creating dystopian outcomes.
Today, generative AI is powered by electricity and computers funded by unlimited fiat money.
In the future, Bitcoin's absolute scarcity could serve as an ultimate constraint on the infinite replication of AI.
On a global Bitcoin standard, proof of work will be required to finance the real-world costs powering the generative AI.
Simply put: no sats, no compute.
Originally published on Ten31vc's website, this thread was condensed from an article written by Grant Gilliam and John Arnold titled AI and Bitcoin.
Read the full article here đ
ten31.vc/content/ai
That's it! Thanks for reading.
If you enjoyed this thread, zap me a few sats so I know you found value in this type of content.
epodrulz / Eric Podwojski
npub15fâŚ937zg
2023-03-03 03:28:57
Author Public Key
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2023-03-03 03:28:57Event JSON
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"content": "Bitcoin and AI\n\nTwo revolutionary technologies that are changing the world on their own.\n\nBut what happens when we combine them to create a symbiotic relationship?\n\n(SPOILER: it's already happening)đ\n\nAs AI unlocks new levels of productivity and creativity, it could commodify bitcoin and make it more accessible, expanding its use \u0026 applications.\n\nIn turn, Bitcoin can complement AI's growth by serving as a payment tool for AI computation \u0026 imposing constraints on AI algorithms.\n\nEarly adopters of AI and bitcoin tools will have the opportunity to benefit disproportionately relative to those that come later.\n\nLet's take a look at some early adopters.\n\nThere are two companies at the forefront of the bitcoin and AI symbiosis.\n\n1. Stakwork\n\n2. StatMuse\n\nStakwork is a crowdsourcing platform that allows users to complete automated microtasks for pay in bitcoin over the Lightning Network.\n\nThe platform combines human and AI input to complete tasks such as image processing.\n\nA human living anywhere in the world can complete tasks.\n\nStatMuse is an AI search and knowledge platform that uses natural language processing to provide users with data and intelligence.\n\nOriginally used to generate sports-related content \u0026 info through digital assistants, the company is now expanding into money and bitcoin content.\n\nBoth companies represent a trend of traditional tech companies expanding into bitcoin and thinking in terms of a bitcoin standard.\n\nLet's expand upon applications in a world powered by AI and Bitcoin.\n\nHere are a few theoretical applications:\n\n1. One potential application is using AI to improve the user experience and adoption of the Lightning Network\n\nAI could help with routing and pathfinding, channel and liquidity management, and privacy improvements for Lightning payments.\n\n2. Another potential application is using AI to optimize Bitcoin mining operations by dynamically adjusting ASICs based on efficiency characteristics, hash price, and power costs.\n\n3. AI services can be monetized through the Lightning network allowing for micropayments.\n\nLet's take Chat GPT Plus as an example.\n\nPaying 10 sats per search can be more attractive for users than paying a much more costly monthly subscription for unlimited searches.\n\n4. A tech stack of the future consisting of Bitcoin, Nostr, and AI has potential.\n\nA protocol with native bitcoin integration and built-in AI-powered digital assistants for censorship-resistant search, content creation, and knowledge acquisition can revolutionize social media.\n\nWrapping up this thread with one last consideration...\n\nThere is a serious threat of AI going rogue and creating dystopian outcomes.\n\nToday, generative AI is powered by electricity and computers funded by unlimited fiat money.\n\nIn the future, Bitcoin's absolute scarcity could serve as an ultimate constraint on the infinite replication of AI.\n\nOn a global Bitcoin standard, proof of work will be required to finance the real-world costs powering the generative AI.\n\nSimply put: no sats, no compute.\n\nOriginally published on Ten31vc's website, this thread was condensed from an article written by Grant Gilliam and John Arnold titled AI and Bitcoin.\n\nRead the full article here đ\n\nten31.vc/content/ai\n\nThat's it! Thanks for reading.\n\nIf you enjoyed this thread, zap me a few sats so I know you found value in this type of content.",
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