In his discussion of the connections between artificial intelligence (AI) and cryptocurrency, Ethereum co-founder Vitalik Buterin cautioned readers to “tread carefully.”
Buterin outlines what he believes to be “the most fruitful” for the developer community in a blog post that was published on Tuesday. He also discusses the key differences between the two most popular technological developments of the previous ten years.
“There has to be a relationship of some sort between AI and crypto.”
He continues, saying that there are some promising uses of AI within blockchain ecosystems “with the rise of much more powerful AI and the rise of much more powerful crypto in the form of ZKPs, FHE, (two-party and N-party) MPC.”
Tread Carefully
Buterin compares artificial intelligence (AI) to a participant in a video game, pointing out that the most dangerous use of AI is, in his opinion, what many people are most enthused about.
Buterin writes on her blog, “We need to proceed very cautiously: what I call AIs becoming part of the rules of the game.”
The co-founder of Ethereum continues, saying that could you just have an AI be a part of the contract or DAO to help enforce these standards if a blockchain-based smart contract or a DAO needs to make a subjective decision?
Understanding AI
These processes include learning for example the acquisition of information and rules for using it.
Reasoning for example using rules to reach approximate or definite conclusions and self-correction. AI can be applied to various tasks such as problem-solving, understanding natural language, recognizing patterns in data, and more.
Vitalik Buterin Identifies AI as a Broad Concept
Buterin writes that the concept of AI is quite broad.
According to Buterin, artificial intelligence (AI) is a collection of algorithms that are produced “by stirring a big computational soup and putting in some kind of optimization pressure that nudges the soup toward producing algorithms with the properties that you want,” as opposed to explicitly stating them.
Buterin’s main point is that artificial intelligence (AI) and blockchain technology are both getting stronger.
However, it remains challenging to “get right applications that attempt to use blockchains and cryptographic techniques to create a ‘singleton’: a single decentralized trusted AI.”
The proposals center on reducing the number of signatures required per slot in the blockchain.
