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

[Stompix]

Although I've said it a lot of times before, with the avalanche of users arising ai tokens I felt the need to open a topic about it!

So, yeah, THERE IS NO SUCH THING AS AI COINS!

First, what would be an AI coin or token?
- a piece of code that is intelligent on its own, it knows when to be spent or something like that?
- the blockchain is governed by the AI that....does ...what? We're supposed to have a decentralized crypto, how you have something in charge of it!
- the algorithm is AI, this is a stupid take since you;re saying a thing like c+ pr python is AI, which obviously is not!

But to further debunk this let's go through a list of so-called AI coins and what they do:
https://www.forbes.com/advisor/in/investing/cryptocurrency/top-10-artificial-intelligence-ai-cryptocurrencies/
(it's a paid article to promote those)

Render is about “GPU computing,” the ability to provide enormous amounts of computing power through graphics processing units (GPUs). Previously, this meant computing power for developers, artists, web studios, and gamers, all needing to “render” graphics for their entertainment projects. But now, it means computing power for AI projects.

Which means a company with a lot of GPUs is selling GPU power,  Amazon was doing this since 2002 without AI

2) The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organizing data into smaller “subgraphs”.

Basically this project is doing what google has done without AI, and without the need for a coin or token, so....where is the AI in this?

3) SingularityNET is a blockchain platform that allows anyone to build, share and monetise AI services. It has an internal marketplace where users can browse and pay for AI services in the platform’s native cryptocurrency – AGIX.

A platform like fiverr where everyone is selling services, and you can only buy them with their token, ....the AI being where?

4 Ocean Protocol is a Ethereum-blockchain-based platform that allows businesses and individuals to exchange and monetise data and data-based services. This might involve making data available to researchers and startups without the data being relinquished by the data holders.

This one doesn't even claim to be AI powered! 

5 Exec is an AI blockchain platform that allows users to monetize their computing power, and to access on-demand cloud computing resources

Just as number 1, a nicehash with a buzzword!

And the list can go on and on and on, simply put, there is no AI coin or AI token.
There might be a coin that a company involved in AI uses for its services but that's not an AI coin, that's just Starbucks credits!

LE, managed to post instead of modify, hope a mod clears the second repost and sorry for the mess!

[MrSpasybo]

So, yeah, THERE IS NO SUCH THING AS AI COINS!

First, what would be an AI coin or token?
- a piece of code that is intelligent on its own, it knows when to be spent or something like that?
- the blockchain is governed by the AI that....does ...what? We're supposed to have a decentralized crypto, how you have something in charge of it!
- the algorithm is AI, this is a stupid take since you;re saying a thing like c+ pr python is AI, which obviously is not!

Yeah, I agree. There is no AI token in this market. FET, RNDR, OCEAN... are all AI-related tokens in many different ways:

+ providing AI training services using decentralized infrastructure: perhaps it is the DePIN sector.
+ providing a market for trading AI services: AI DEX?;
+ applying AI to the development of blockchain technology such as network status analysis to prevent hackers or handle potential errors...

There is no project that has independently developed and provided AI services like OpenAI or Google. Clearly, AI requires huge resources from large technology companies.

However, from a marketing perspective, taking advantage of the AI-trend to attract investors is also quite smart and some projects also have a certain contribution to the development of AI in the future such as providing infrastructure for training AI. I even hope that in the future, a blockchain project can help large AI companies reach millions of people who need AI support to receive rewards as project tokens.

[Zed0X]

I don't even know what these blockchain based projects, that claims to be centered on AI, actually does that's unique or helpful. I think many of those who invest in these tokens don't even care about that I also agree that many of them might have just inserted the word because it's the trend.

[Captain Corporate]

This is %100 true and it has always been true. I can't believe that people think that all those companies that gets tens of billions of dollars to build something would also be possible by some few devs trying to make some money on creating some coins. Its true that they are using already established technology to make a copy cat versions and far worse ones as well, not even close. Plus ,there are some who doesn't even have AI, like not even "lets steal old version of chatgpt and call it a coin", no, literally "we have no AI now but if you fund us, we will do it" people. Its really humiliating to see them, I would have been so ashamed of myself.

[Cryptsafe]

I find this topic very much interesting as it caught my attention while scrolling through the pages of the platform.
OP, I a responding based on the topic of this thread as I see it worthwhile for conversations.

I believe AI to be artificial intelligence which is generally known globally and as a matter of fact, it has been incorporated into the blockchain and crypto world which I believe made   the massive recognition it is enjoying currently. 
Of lately, companies and organisations have been introducing their own AI which is not bad and is an open market and allows for one to salvage themselves of stress and lots more. So far these organisations aka projects have launched their AI machines and have been able to come up with tokens with their utility value.

These projects  with AI products definitely came up with tokens or coin which serves as a means of exchange for their services. I believe any project coming up on Crypto space would definitely have a blockchain or identify with one so they could be able to launch their token or coin.

To this point I could explain to the best of my knowledge and I hope I am a bit up with it but if not, I am open to corrections and observations.

[LogitechMouse]

Until now, I'm still hoping that there will be an altcoin that will be performing what AI really is doing right now, or at least more than that.

TBH, I'm a bit hesitant in buy and hold some AI coins because all of them aren't related to AI at all. They're just using the term "AI" to ride the hype around AI currently, but in reality, they are nowhere near to it. Now because of this post, I will be completely ignoring these AI-related coins. I will not buy any of it and will just buy other tokens.

Thanks for sharing. I guess we know that these projects are just riding what's the narrative currently. Correct me, but is there any AI meme coin that's been created already? If yes kindly share it, and if there's not a single one yet, I believe there will be one in the future.

[TomPluz]

Today AI has become a very good and maybe effective buzzword that can attract more people into a project thus it can be an effective way to attract more attention hence investors even if the platform is just barely into AI if anything. And we can see more and more projects coming up with different ways and means to exploit the interest of the people with AI to their financial advantage. We should see the real picture beyond the smokescreen so we will never be duped into supporting a project that will just be worthless later. Nevertheless, as one who is looking towards the innovations of AI and the blockchain, am hoping that there can be a project that will deeply tackle the use of AI and cryptocurrency to benefits the people.

[Stompix]

I believe AI to be artificial intelligence which is generally known globally and as a matter of fact, it has been incorporated into the blockchain and crypto world which I believe made   the massive recognition it is enjoying currently. 

Where and when?
The blockchain is a database you can't have AI inserted in a table of data, you need to have an AI working with tables of data and in the blockchain you only have the transactions of tokens no AI would be able to work with that, and even if it would it still wouldn't be part of the blockchain..

I believe any project coming up on Crypto space would definitely have a blockchain or identify with one so they could be able to launch their token or coin.

Exactly what I was saying, the AI part is irrelevant, is the cash grab that matters for them.

Until now, I'm still hoping that there will be an altcoin that will be performing what AI really is doing right now, or at least more than that.

You're hoping for intelligent money basically, so...what would that look like cause if it were possible in the first place a lot of really big companies with true AI models would have done it, but what would be the final product?
Again we're not talking about an assistant, an autonomous driver, or a robot cook, but about money, I'm genuinely curious, how would people envision AI money, what would it do? I myself can't picture it!

[Cryptsafe]

I believe any project coming up on Crypto space would definitely have a blockchain or identify with one so they could be able to launch their token or coin.

Exactly what I was saying, the AI part is irrelevant, is the cash grab that matters for them.

Yes of course the cash grabs is always very important in any project because that is one of their primary focus so that both investors, supporters and holders would benefit so they look for something extra ordinary to attach to the name of their projects to gain traction in the Crypto space.  That is why I am not surprised the name AI projects everywhere.

As a matter of fact, the AI itself has so far become so rampant now in the Crypto space which has created a niche in the industry meanwhile AI is not a new thing to Crypto or blockchain. All these hype about AI projects are just extra package to projects.

[Lucius]

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? Who would have thought that the label AI will start selling everything from TVs, mobile phones, cars, computers to cryptocurrencies, and that people will actually agree to pay more because they think they are getting something more - and in fact, the more we use AI, the more stupid we will become.

Many will disagree, but all that has happened in recent years regarding AI is obviously only the beginning of something that in most SF content ends very badly for the human race.

[robelneo]

I don't have any AI tokens and I believe in you that just like memes this is a trend that was created by developers to excite investors to pour money into this model, if AI is the future then I don't think they have a chance to the more established algorithm of the internet giant like Google or Microsoft.
Since they are now in the market some greedy investors are on board these AIs we will see a mushroom of more AIs and many of these are craps.

[Crwth]

I never thought of it that way that AI coins are being told that it's an AI or something. I always thought about AI coins as something that would help you analyze and make computing for AI and I think it's being used and marketed that it's the "future". That's why a lot of people are using it as a buzzword.

[Faisal2202]

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? Who would have thought that the label AI will start selling everything from TVs, mobile phones, cars, computers to cryptocurrencies, and that people will actually agree to pay more because they think they are getting something more - and in fact, the more we use AI, the more stupid we will become.

Many will disagree, but all that has happened in recent years regarding AI is obviously only the beginning of something that in most SF content ends very badly for the human race.

You are right, but in my opinion, this is not something new, most of the projects don't have the right or main product in their hands for usage, they are just advertising their ideas, and getting funds, I am amazed who are those people, investing in only ideas. Although I know if the team is hardworking and can really implement the idea into work then it's not bad to invest but only what they don't care to lose. Or only if they want to gamble it.

Currently, there are AI projects, and most of them are using Claud 3 or gpt data models to create what, guess! GPT chatbots. I can make them, with no or lesser knowledge. Holoworld and my shell is one of the many, looks more sophisticated at the moment even if they have only a GPT chat system and they call themselves AI innovative platforms. I have a meme for these AI models.
Taken from FB.

[taufik123]

I don't even know what these blockchain based projects, that claims to be centered on AI, actually does that's unique or helpful. I think many of those who invest in these tokens don't even care about that I also agree that many of them might have just inserted the word because it's the trend.

The trend that is being hyped is that what they are selling is not how AI-based Blockchain tokens or projects, it is just nonsense.
Many have given the word Ai behind the name of the token that now appears a lot.

Instead of developing their tokens or shitcoins, they just extort money from investors and just run away after earning millions of dollars.

[yhiaali3]

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? Who would have thought that the label AI will start selling everything from TVs, mobile phones, cars, computers to cryptocurrencies, and that people will actually agree to pay more because they think they are getting something more - and in fact, the more we use AI, the more stupid we will become.

Yes I agree with you on this point, in fact most AI coins (not saying all) are just Altcoins labeled AI, unfortunately this is a fact.

There are many AI coins that have been on the market for years, and there are many of them appearing daily, but I have not seen any real project with realistic solutions that covers actual needs in the market. 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?