This was an absolutely insane conversation deep diving into the convergence of AI and BITCOIN enlightening us on deployed solutions and what's to come.👏🏿
😂 I need what he takes. Watch this movie Limitless (2011). They have overclocked the brain 🧠 I respect he is smart don’t get me wrong. Greetings from Romania 🇷🇴 we can follow him we are smart here in Eastern Europe 😅
Any way to see this panel hit this topic (and related) regularly? Maybe once a month? Things are moving so quickly on these fronts, I'd love to hear this panel regularly to discus different aspects of these topics. Great job all!
Such smart people, unbound in their thinking, makes me think differently but realize that the path from lab (POC AI systems) to commercialization and monetization of AI use case-based offerings will be a long one. What will seem to make sense with scale will not in the lab and the lab costs will be very high for startups since $1 of every $6 spent on AI will be infrastructure. $5 will be spent on design, setup, model, data of POC per use case. Infrastructure will include facilities (space/power/cooling/circuits for connectivity and switching), AI software licensing servers/storage (Tier 0 and 3), POC workstations with GPU systems, etc. all using a very huge electric resource of ~40kw per Rack 24x7x365, and people skilled in mgt, design, software development, testing, data, etc. These are huge projects and costs. The time and cost of 'getting in then out of the lab' should not be underestimated prior to accessing a scaled AI service for delivery.
With FASB Fair Value Accounting rules, Operating Companies will now be able to keep Bitcoin on the Balance Sheet, and allocate into operations for AI pay-to-use costs, without the clip of exchange into USD and credit card limits. And with a Spot Bitcoin ETF, companies will easily be able to pull Bitcoin directly into their Treasuries. Which incidentally, is why Bitcoin derivatives (Futures) wont be able to control or suppress the Bitcoin price (as done with gold), because the pay as you use model will require "real" Bitcoin and not derivatives.
@ARKInvest2015 BTC isn’t Bitcoin. It’s an orthogonal side-chain with a GIANT security hole (SegWit). So BTC isn’t the currency for AI, because hashes on BTC are far too expensive.
Metering, microtransactions, store of value with sync of encrypted txn logs was pioneered and deployed in early 90's. This became the foundation for trusted computing the hardware key protection for micro payments. Understand trusted computing, wave system Corp. And Rivetz. Putting the tool in place to enable machine money with policy. ...... lightning is awesome but still need to give machines security. It is already built into 2 to 3 billion devices.
ARK needs to research Bittensor/TAO. Bitcoin's monetary policy can be applied as an incentive for competitive LLMs, rather than using GPUs to just solve cryptographic puzzles. Within such a network, AI/intelligence becomes the commodity. The token being a symbol of that resource. I don't see why these two functions need to be separated, except to justify Bitcoin's ongoing existence and to create two separate energy bills.
FYI - Nvidia AI GPUs are not the same as crypto GPU models. While GPUs used for crypto mining can work in AI farms with either custom models or slightly adjusted models, they have different specifications compared to GPUs used for AI training. Crypto mining GPUs have tons of hash power but less vRAM, while AI GPUs have abundant vRAM and less hash power. Nvidia is a major player in both AI and gaming, offering higher performance and resolutions for gaming and providing powerful hardware for AI. Nvidia's GPUs are used for deep learning and AI tasks, and they have superior drivers with frequent updates, CUDA, and cuDNN to accelerate computation. Nvidia also announced a new chip designed to run artificial intelligence models, the GH200, which has the same GPU as the H100.
My notes for future reference: Services allow AI APIs to be placed behind micropayment gates, paying incrementally per API call or compute task. AI agents can hold Bitcoin wallets and keys, enabling them to autonomously pay for resources and services needed to complete tasks. Bitcoin payments remove friction for distributing and monetizing AI services globally. Don't need credit cards or complex signup flows. Open-source AI models combined with micropayments may enable a more decentralized AI compute market, with individuals reselling access to their own fine-tuned models.
Maybe i like have 4 companies involved in the transaction? It gives me security if something goes wrong. If you pay with bitcoin you can never get it back.
I was always asking myself why the IETF had no plans to implement a distributed ledger technology as native to the internet and part of their protocol families, any idea why?
The convergence of Bitcoin and AI is creating a new era of productivity and specialization. Agents can now use Bitcoin as a form of payment within AI systems, allowing them to become more autonomous and interact with real-world services. This empowers individuals to become their own startups and offer their specialized skills to a global audience. The barriers to entry have collapsed, and anyone can participate and contribute to the Bitcoin and AI ecosystem. The future of work will involve managing programming agents, leveraging open-source tools, and creating a network of specialized models that can be accessed and paid for using Bitcoin. This convergence will bring increased productivity, a reimagining of traditional work structures, and a more efficient allocation of resources. Developers are encouraged to explore and innovate in this space.
Such is the beauty of Bitcoin. It never asked to exist. It just exists. Nobody "allowed" it to exist, and nobody can just put the genie back in the bottle regardless of fiat-based resources or geopolitical power to attempt such a feat.
Great talk, I loved it! the future is bright :) One suggestion: not all the assistance is native English-speaking, Lalu (I think that's how it's spelt) speaks so fast that it's hard to keep up, if you can speak more slowly I think the rest of the world will thank you ;)
Kathy states risk but also consumer protection and decentralized compliance. That is the role of trusted computing .... consumer protection to reduce risk.
Would be better if it was actually about the whole industry not just a false advertisement for bitcoin. Its like saying all hamburger should be called McDonald's. Dumb approach.
The rot at the root of BTC is private hoarding. Its not a freely floating currency of exchange. If the “currency” of AI it is an essential resource inflated by artificial scarcity. Just like land.
30 minutes into the video. Waste of time. No reasons, stats or arguments ehy bitcoin should be the first choice for AI. There are so many better chains and faster or advanced solutions. Yet another try to spin a story and find a usecase for Bitcoin.
Bitcoin ≠ crypto. Why Bitcoin? Because it’s the only thing leveraging human greed to defend the network. Every other network is vulnerable to human greed. If the project has a known founder it ain’t safe.
Realy don’t understand why Ark seems to be focusing only on Bitcoin. AI developments on other Blockchain ecosystems are so much further already because of them being easier to develop on top of.
