Kim Ahls’ Post

Preach brother. For me it’s a simple question: what medium of exchange with autonomous AI agents prefer to transact in as they inevitably engage in commerce with each other? Cryptocurrency where the AI agents can control private keys and engage in permissionless commerce with each other? Or interfacing with the traditional banking system and navigating its human-centric AML/KYC juggernaut? No question the former.

"As AI continues to work itself into our daily lives, it's hard not to see the impact it's already having on nearly every sector. Within the finance industry, for example, AI is facilitating...." Read more in the article below https://lnkd.in/dGHJuaEZ #AI #blockchain #artificialintelligence #deepfake #cryptocurrency #crypto #trading #money #binance #nft #technology #science #future #digital

AI and crypto combined could add a total of $20 trillion to the global economy by 2030, the report said. A new report by Bitwise suggests that AI and crypto could be a combined $20 trillion megatrend, adding a massive boost to the global economy by 2030. The report highlights the potential for collaboration between the two industries, with Bitcoin miners' resources like powerful chips being perfect for AI needs. Beyond mining, there's potential for AI and crypto to intersect in areas like information validation and virtual assistants. This is a fascinating space to watch and could lead to incredible innovation in the coming years. #AI #crypto #blockchain #futureoftech #finance #cryptocurrency #digitalassets

Many people are only beginning to understand the intrinsic connection between crypto and AI. For AI systems to achieve robustness, they must have the capability to interact and cooperate across different platforms. This interaction often requires an economic incentive, which is where cryptocurrency comes into play. Crypto provides a decentralized, economically-driven backbone that enables different AI systems to transact and share resources efficiently—imagine it as the financial glue that holds disparate AI systems together in a globally distributed network. The integration of crypto and AI will enhance data security, improve smart contracts through automated decision-making, and facilitate transparent, autonomous operations across various sectors. Plus a lot more, far more than my imagination can conjure. Crypto folks who ignore AI and AI folks who disregard crypto will fall behind as these two topics continue to merge.

I would propose a more fundamentally critical component of AI to AI outcomes… provenance… we need to know the source of data and it needs to be infinitely and provably, preferably mathematically, immutable… AI systems could pay on private centralized ledgers… that’s actually quite easy and quite common.. sure crypto makes it easier.. But knowing where data comes from - and proving where decisions are made will be critical in a future with AI… private ledgers can be manipulated, colluded and coerced. Public distributed ledgers still can… but you will know.

❌ Crypto is only used for illicit activity ❌ Crypto transactions cannot be traced ❌ I don't need to pay tax on my crypto because the tax authorities won't ever find it! ⬆ Just some of the myths surrounding cryptocurrency that we hear! If they sound familiar then take a read of this article by Dawood Khan for CoinDesk, where he reveals the truth about transparency in crypto and shows why advisors need to learn about blockchain technology. https://lnkd.in/ePWu6aA5

#DePIN = crypto's "get real" moment. For over a decade, people in and out of the crypto space have speculated, complained, hoped, and dreamed about a time when blockchain technology would make our everyday lives better. We're finally at the precipice of this. Real-world applications (DePINs) are popping up all over the place, in sectors like energy, mobility, telecoms, environment, health, and so much more. This is the moment we've all been waiting for. Here's my piece for CoinDesk https://lnkd.in/eASecKaU

What stops the mass adoption of cryptocurrencies? Is it accessibility, technology, or mindset? #crypto #blockchain Burnt Banksy Launches XION Blockchain, With USDC as Primary Currency https://lnkd.in/e4WAutrK

Ahead of the G20 meeting happening this week in Sao Paulo, the Financial Stability Board (FSB) has announced that it will continue to show its commitment to shaping #cryptocurrency policy in 2024. It aims to publish reports on cryptocurrency, #tokenization, and #AI while ensuring that its regulatory framework for crypto is implemented effectively across the world. Read full story via CoinDesk https://lnkd.in/eHQe8ywv 

Blockchain will disrupt economies of scale? This is interesting and something we have been saying for a while in our industry... the 'economies of scale' are changing. The norm is that there is a 'minimal viable scale' i.e to service a certain business you require a certain amount of customers, a certain level of tech and a certain level of staff generating a certain level of money. Blockchain and AI is blowing this apart. The centralisation of stock exchanges is being disrupted by ASMX Group as we think that smaller exchanges, with our help, can scale into large exchanges without the need for the previous 'minimal viable scale'. Will this apply to your business and how will it change things? #scaleup #ai #blockchaintechnology