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FireDragonRider commented on a post in r/SingularityNet
FireDragonRider 2 points

As of today, AI centralization is disappearing thanks to cloud AI and also the need for training data is getting smaller, as more intelligent systems can use less data. Do you think this will decrease the value of this token significantly?

montyagi 3 points

Well I’d preface by saying I’m no AI expert and can only share with you an opinion that is formed through casual reading. I don’t think cloud AI means that AI centralization is decreasing; by centralized AI I refer to the AI owned and developed by the big tech giants with their own data silos - a resource extracted from the general public by providing certain services for free. So whether AI lives in data centre or in the cloud, I think of it as centralised if it is owned by a few tech giants with their own agendas. SingularityNet would be decentralised: meaning community sets the agenda through in-built governance mechanisms, the network of AI will not be ‘owned’ by anyone and so there will be no discrimination on who can use the network or add to its services and that the users would be in control of their own data and can benefit from its exploitation. In my analysis above I pointed out that perhaps the best way to fight the freemium model is to allow the users to financially benefit from their own data - and we can see this in action in other projects such as Steemit and Basic Attention Token.

If more intelligent systems need less data than one may think that perhaps the data created by users in order to train AI may not be of much value or that its value may decrease over time - but what about the data the users consume or create? In a world where humans may be rendered unemployable, I think any source of revenue will count and perhaps one of the sources of revenue may be choosing to remove the middlemen and directly benefiting from the content or inquiries we create (like the examples of Bitconnect and Subtitiles I gave in my analysis) and also to be rewarded for the advertisements we consume etc.

In any case I don’t think the value of the token is tied to the data created for training AI or how much users are being compensated - the token is planned to be used as a mechanism of value transfer between AI nodes, to purchase AI services from the network, for governance and for curation of AI nodes on the network (another way users can benefit from SingulairtyNet). As the network will increase in value, so will its token - and my opinion is that the number of AI and AI federations in the network might be a better way to gauge the value of the token.

Hope that helps.

FireDragonRider 1 point

Thanks!

ArgentStonecutter 0 points

Unless they're writing their AI in Urbit and implementing Nock/Hoon on the blockchain, this will have absolutely zero effect on AI.

And if they are writing their AI in Urbit and implementing Nock/Hoon on the blockchain, it will also have absolutely zero effect on AI.

Because blockchain technology is the biggest scam since laetrille. It's a solution in search of a precipitate. The only reason it's not an ex-parrot is because it never was an avian of any kind. It's pushing up daisies. It's pining for the fnords. Hail Eris. All hail Discordia.

FireDragonRider 1 point

It is supposed to solve the biggest problems of AI, namely 1) small companies don't have the big datasets that Google or Facebook have 2) new startups can't offer complete services, they might have best translating service but they lack image recognition AI... so it is again big companies that rule the AI world This could decentralize the market and really boost innovation. It will support startups, while using the big player's services, so it would be helpful for everybody. I wouldn't call this scam.

FireDragonRider commented on a post in r/WePowerNetwork
FireDragonRider 1 point

Every energy token represents 1 kWh of green energy to be produced by a certain time in the future.

So you guys believe that the price of these tokens will grow, though price of electricity is decreasing exponentially of about 50 years... I think Power Ledger is better solution because of this, because token value is based on the value of colaboration, rather than energy price.

FireDragonRider 1 point

Why I should pay x dollars for 1kWh when in a few months the value will be 0,y * x for it?

FireDragonRider commented on a post in r/singularity
Yuli-Ban 12 points

On another forum I used to frequent, someone compiled a list of Kurzweil's predictions and changed the years ever so slightly: take his predicted years and add ten years to them. It's been a sort of meme for years, but when you finally saw it laid out, it was uncanny. Kurzweil literally scored a 90% accuracy rate.

But that doesn't change the fact he was off by ten years.

FireDragonRider 1 point

Maybe because he meant first uses of the technology. He worked on voice typing in early 2000s, though in came to mass usage about 15 years after that... So I think the thing he misses the most is the speed of adoption, not existence of the technologies. His predictions about direction of tech are usually correct, though he often makes mistakes in the exact interface (intelligent roads vs. intelligent cars, voice typing vs. writing, paper vs. displays etc.).

FireDragonRider commented on a post in r/RaiBlocks
FireDragonRider 1 point

When I try so send xrb from web wallet, it just show processing but does not send.

_tatte_ 1 point

Did you try using Local PoW as described in the post?

FireDragonRider 1 point

I tried but this setting doesn't even stay checked.

FireDragonRider commented on a post in r/PowerLedger
FireDragonRider 0 points

If the price of POWR is basically tied to price of electricity, which is falling exponentially, what will hodl the price of POWR high?

Skyyum 1 point

I think you need to read the Whitepaper ;)

FireDragonRider 2 points

I am still not getting it. When electricity is abundant, what will make people use these expensive tokens? Energy price falling, demand growing slowly, profits are being pushed down. Then there is this thing as a part of electricity making process we expect to be higher and higher valued... Sure the market of PowerLedger will grow but the price target will get lower, right?

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