Most of what is called ‘artificial intelligence’ today is simply software. This page will give steps to create a basic artificial intelligence digital currency which actually uses artificial intelligence as it is best defined.
Governments around the world are preparing to launch ai digital currencies. They know that countries will be made or broken by their digital currencies soon.
They also know that there is a tremendous downside to the kind of currency that will develop, a loss of stability that will occur in some societies.
Local, small networks of ai digital currencies will help minimize that nightmare.
AI, artificial intelligence, is human intelligence expanded through artificial means.
Any tool can be used to extend some aspect of intelligence, to make it quicker or give it some other quality.
The ‘tool’ that digital currencies bring to ai is the ability to leverage the intelligence of hundreds of people at once on a network.
Steps to create a simple ai currency.
This is an extremely basic example, meant only to help a person understand this kind of coin.
In this example one group is running both sides of the coin.
Ideally two competing groups would be on opposing sides of the network, one designing ‘problems’, the other ‘solutions’.
1) Get a group of people who have basic computer skills, and a few people with extensive computer skills, coders, and a few people with good knowledge of a science. The example used here will be mathematics since most people have studied some math.
2) Write a basic script that adds numbers. A person can enter a series of numbers and the script produces a sum. This will be a module within the coin which can be modified or replaced by anybody. The coin will need the ability to have additional modules added later.
3) If a person looks at the history of Huntercoin, Motocoin etc, it’s likely some of the taskwork some miners might do will involve anti bot activity i.e., adding integrity to the network. Most of the mining will be to challenge the speed of the addition script on one side, or add features to it on the other side, one side using tools to answer addition questions, the other side making the questions more difficult. The modules of the coin are similar to ‘bots’ used to game previous task coins like Huntercoin and Moto, but there may be additional bot threats that will arise.
4) The coin will be designed to do the following
~4a) create a block that can be solved by one person in 5 minutes or whatever, on average using the best tools easily distributed to miners online e.g. desktop calculator etc.
~4b) , ...
Here are some suggested parameters for any AI taskwork coin.
1) Slow emission of coins, and value which tracks another commodity.
Bitcoin, Ethereum, Ripple and many other coins gave a mass of coins to the initial developers so they would become fantastically rich quickly. A fair economy isn’t built by giving yourself most of the money. A coin does need liquidity from the start though, so some coins should be issued from the start and maybe given to a charity along with instructions on how to make a market in a coin. They could place sell orders at $1 intervals from $1 to $1,000 and use any proceeds to create low buy orders then when the market is stable they can use profits to solve whatever issue they are a charity for.
So, initial distribution an amount to provide liquidity, then coins generated at a rate that keeps the value stable relative to another commodity. AI coins will ‘produce’ their own commodity, ai, but it has to be valued relative to more practical and immediate commodities like food and industrial wares. Making the economy purely speculative like bitcoin, ethereum, ripple etc makes no sense except to enable a few people to get rich running other people in pointless circles.
2) Block time on any coin should be a few minutes or less if it is to be used as a currency.
Block time has to be pretty quick if it is to be used as a currency, but if its value is tied to a commodity or basket of commodities then it can simply be arbitraged with a coin that has a faster block time.
With any taskwork coins bots are an issue, but with ai coins bots are one side of the coin, one of the two sides is specifically incentivized to create bots which ‘solve’ the blocks. So block times could be very unstable. One possibility might be to create a steady supply of blocks which are extremely difficult, but limit their acceptance into the chain to a certain number per time period.
3) Until coins have better security features there should be the easy ability to ‘consensus fork’ a coin. Anybody should have the ability to freeze coins which they sent within the past hour, for example, if their wallet was compromised. Wallets need more security features if a currency is going to be used widely by non tech people, or an entire industry will develop around stealing coins, as is the case with bitcoin.
4) There should always be ‘grunt work’ available on a taskwork coin, simple jobs which pay a little less but which literally anybody can do even if they know nothing about whatever science the coin focuses on. Grunt work tasks should be a small percentage of the economy, but they could be scaled from ‘utter grunt work’ to ‘semi important grunt work’.