There is no such thing as AI coins, sorry, but there is not!

[bitterguy28]

So this is why until before I read this thread there is always a second thought in my mind reading those claiming to be AI project to what do they really impose and can bring to it's investors,but after reading this whole thread ?now I got my answer and this means all of that AI thing is just a lie .

[Cryptsafe]

So this is why until before I read this thread there is always a second thought in my mind reading those claiming to be AI project to what do they really impose and can bring to it's investors,but after reading this whole thread ?now I got my answer and this means all of that AI thing is just a lie .

Obviously I think so because I am meant to understand that AI has long been in existence before now as it is what the computer and other machines uses for operation. This AI of a thing is just a packaged name to make the people think that there is something new and special about it meanwhile it has long been in existence but the name was remodelled to suit the current market situation so as to sell it to the world that a new innovation is at hand.

[jeraldskie11]

Yeah, you are absolutely right. We just don't know if investing on what they call AI coins or tokens really worth nothing. Because imagine on meme coins, which is usually there is no promises base on them can still gather a lot of investors and still working until this day. Example, Dogecoin is a absolutely worth less before but still have gain huge marketcap, and today is Notcoin which is just tapping game and don't know in the first place how it really benefit crypto. So maybe we have to give some time on them because investors this days are not only minding on the projects visions, how it really helps crypto, but also how trending this project this days. So maybe soon holding some of AI tokens is worth it.

[Stompix]

I wonder how far we have already fallen into the abyss of AI when you need to explain to someone that AI coins are actually nothing but the names of some altcoins with the mark AI?

I think we still have a long way to go, I thought cat jpg hype died with crypto kitties, we're ten times worse now even after those cats are almost dead and buried hanginging on their ninth life.The bad part with AI coins is that, unlike the metaverse which was a flop in the other industries also, AI is still hyped all over the place so this will not go down as easily as the others.

I think that most of these AI coins rode the wave and took advantage of the name of artificial intelligence, which has shined in recent years, but I wonder. What is the benefit or need of all this?

Other than speculation? None!
Why would you need intelligent money?
Why would an artificial intelligence need tokens to function?
Until somebody can give two convincing answers to the above there will be none!

[Cryptsafe]

Yeah, you are absolutely right. We just don't know if investing on what they call AI coins or tokens really worth nothing. Because imagine on meme coins, which is usually there is no promises base on them can still gather a lot of investors and still working until this day. Example, Dogecoin is a absolutely worth less before but still have gain huge marketcap, and today is Notcoin which is just tapping game and don't know in the first place how it really benefit crypto. So maybe we have to give some time on them because investors this days are not only minding on the projects visions, how it really helps crypto, but also how trending this project this days. So maybe soon holding some of AI tokens is worth it.

I think the investment narrative these days changed drastically as we expected. Investors no longer look for projects with good utility value but also projects with large community followership because that gives them the believe that such project would garner much attention of big exchanges and other players on the industry.

No doubt meme coin have made waves in the industry and currently now the waves is changing direction to the telegram chain ton network which has just coin launched on their chain. It is totally a different narrative now and investors always want to flow with the trend so they could get something out of it.  One thing you should know for sure is that investors are just after taking profit and that is all. They do not care about the project but as long as that project would fetch them reasonable amount of money as profit, they would go for it.

[Stompix]

I think the investment narrative these days changed drastically as we expected. Investors no longer look for projects with good utility value but also projects with large community followership because that gives them the believe that such project would garner much attention of big exchanges and other players on the industry.

Changed? Not at all! Every single wave was based not on utility but on the hype, Defi, Meta, AI, remember how they came and flooded the ecosystem with coins that had, what utility? Not even their own developers could explain what those metaverse coins would be and how and what would they be used for but there were thousands buying them.

Actual utility in those coins?
We had utility coins for everything at one point, real estate, transport, travel, medicine, insurance, they were the some, hype not utility.

They do not care about the project but as long as that project would fetch them reasonable amount of money as profit, they would go for it.

And you can't blame them because they know from experience, that unless you get a 1/1000 lucky bet and you put your money in real good coins that actually work your best way to make a profit is to get early in and dump it at a profit as fast as you can cause there won't be a second chance.
There are hundreds of so-called "good" coins that never managed to get even close to their ATH even now, AAVE $600 ATH /$100 now,  ALGO 2$/18   cents, Polygon, 2.98/0.73 and you can go with those for pages. Dumping everything at the first pump is the winning strategy for most coins.

[Dr.Bitcoin_Strange]

So this is why until before I read this thread there is always a second thought in my mind reading those claiming to be AI project to what do they really impose and can bring to it's investors,but after reading this whole thread ?now I got my answer and this means all of that AI thing is just a lie .

Obviously I think so because I am meant to understand that AI has long been in existence before now as it is what the computer and other machines uses for operation. This AI of a thing is just a packaged name to make the people think that there is something new and special about it meanwhile it has long been in existence but the name was remodelled to suit the current market situation so as to sell it to the world that a new innovation is at hand.

Ai tech may not actually be completely an all new technology but with what we see in the world today, you can agree with me that there's been lots of technological advancement and innovation in the olden days AI you speak of.

The accessibility of AI now is more than enough to say it's a new technology.
The fact something has been in existence in the past doesn't mean it can't be reformed and remodeled and presented as new tech, just look at the world of AI today and all it has accomplished, the old tech you speak of couldn't have dreamt of achieving half of it.

[Cryptsafe]

So this is why until before I read this thread there is always a second thought in my mind reading those claiming to be AI project to what do they really impose and can bring to it's investors,but after reading this whole thread ?now I got my answer and this means all of that AI thing is just a lie .

Obviously I think so because I am meant to understand that AI has long been in existence before now as it is what the computer and other machines uses for operation. This AI of a thing is just a packaged name to make the people think that there is something new and special about it meanwhile it has long been in existence but the name was remodelled to suit the current market situation so as to sell it to the world that a new innovation is at hand.

Ai tech may not actually be completely an all new technology but with what we see in the world today, you can agree with me that there's been lots of technological advancement and innovation in the olden days AI you speak of.

The accessibility of AI now is more than enough to say it's a new technology.
The fact something has been in existence in the past doesn't mean it can't be reformed and remodeled and presented as new tech, just look at the world of AI today and all it has accomplished, the old tech you speak of couldn't have dreamt of achieving half of it.

Of a truth there is always room for development and improvement. I am happy with the fact that you agreed with me that AI has long been in existence before now but however the improvement on it shows that rebranding and upgrading is possible and that is why you could see that AI is accessible every where in a well packaged model. The AI we use today is still the same AI of years past but in a well modernised and modified form and this made it more accessible to everyone  to use easily for their services.

[NotATether]

People just throw around the term "AI" for marketing purposes, and it's quite annoying when you come to look at them because it's so obvious that there are no AI features in the coin coin at all.

And actually, AI has been around for decades, and people were only seriously making stuff with it in the last 5 years. So it's not a matter of technological advancements in cryptocurrency using AI, but it is just riding on the hype train for their coin to go up.

[God Of Thunder]

Okay. I have never heard about those tokens you mentioned, probably because I wasn't interested in learning more about them. But, One thing I realized a long ago is, that the coinmarketcap has a dedicated category named AI https://coinmarketcap.com/view/ai-big-data/, which I never bothered to check. But it seems a couple of known tokens are already listed in that category. For example, Near, INJ, Theta. But I don't really know how they are in this category and why. I got the point shared by OP and I guess agree with his point of view.

[Uruhara]

It's just that some tokens created like agix are only related to Ai because the companies behind them are developers in the Ai field. For example, SingularityNET is also developing a Next Generation AI application called Zarqa which is expected to surpass ChatGPT. But the token itself seems to be true as OP said. And I agree with everything the OP said.

I would also like to hear about Worldcoin. Is this one a little different? or is it the same?