AI is a relative complex form of applied statistics in computing. So basically it isn't much different to earlier approaches where also "an algorithm" decides, based on certain statistics, to buy or sell Bitcoin. (Almost every Bitcoin transfer is also a "buy" or "sell" action - for goods or for fiat -, aside from some special actions like "UTXO consolidation"),

I generally don't have major fears related to the implementation of these features for Bitcoin software. However, I think AI (more precisely: machine learning) could be relevant for the trading bot technology, because it may find new trading strategies which in pre-AI times were "hidden" and never used as chart patterns. I guess however that that approach may not that new, as machine learning is around for almost 70 years now. However the current AI boom (since the introduction of ChatGPT) could lead to more investment and refining of these techniques. For example, distinct kinds of statistics (not only price info) could be combined by an AI trading bot for investment decisions. And maybe we will witness eventually, due to these developments, the first "AI-generated Bitcoin crash". Or bull run, of course.

The technology mentioned in the article (LLMs) is much less of an issue, as it's simply a new form of user interface. You could let a LLM "manage" some micropayments, for example, to save time. But for bigger investments LLMs are, in my opinion, too dumb - and may lead to losses of money.

This is very good explanation. Since I don't speak tech I thought the AI being talked about in the article, would act like humans that can do bitcoin transactions just like we do viz a viz storing bitcoins in a cold wallet, making payments for goods or services on command etc. Since this is just a new form of user interface as mentioned it means that it may be available for businesses only. 

I'm curious about what you think might be wrong with that scenario. Why would it be a problem?

Regardless, we already have computer-driven payments. When Netflix wants to charge you, they don't have a person that calls up the credit card company. It is all done by computer.

Many of my bills are handled completely by computers. The power company's computer figures out how much I owe and sends a payment request to my bank's computer. Then, my bank's computer does an ACH transaction with the computer at the power company's bank and the money is transferred. Finally, the computer at the power company's bank tells the computer at the power company that my bill has been paid. All of this is done without any human involvement.

I tend to agree with this and I think this picture out that no one will trust AI to hold funds.
IMO, trusting an AI system with the custody and management of Bitcoin may we feel uneasy, we might worry about the potential for errors or malicious actions that are made by AI.  We prefer to have full control over funds by holding their private keys.

So I think this is impossible to happen because AI isn't capable in the Bitcoin system.

Could you imagine if you employed a ChatGPT bot to trade your bitcoin in the hopes of generating a profit and it just sent it all to its other ChatGPT AI Bot instead? Lmao. I'm sure its possible to write in the script to search for other ChatAI Bots and code them to attempt to sway the other chatbot to send all its holdings to their BTC address, is that possible?

You're right that AI or anyone else can't be trusted in a way that we allow them to have control our assets because any error or wrong information could cause huge losses in long term. I would also say that AI technology needs a lot of improvement in order to be at its best levels because in current state the AI isn't mature enough to take financial decisions. Because of the errors and mistakes of the AI software we can be in trouble if our assets are sent to a wallet that's not controlled by us.


No body is against technological developments, however, everyone wants a proper working system, and if they can get that system in the form of AI then they would go for it without any question. Yeah, I also believe that in future AI will be much better and the amount of errors and uncertainty will be reduced to very low levels. I think it would be far better to learn machine learning yourself if you want to build a good AI software because if someone knows what he/she is doing then things can be according to his/her decisions. No body can build such AI system for us other than our own selves.

You're too paranoid @OP.

I guess you're thought if AI can hack your wallet and send your coins to scammer address, where it doesn't like that. Based on the article, it's still controlled by human since you need to write the script, enter the address, enter the amount you want to send etc. It's just more simplifier than the software version.

Pretty much like discussing quantum computing can find someone else Bitcoin private key.

I acknowledge your concerns regarding the possible risks associated with integrating AI into the Lightning Network. Nevertheless, I am of the opinion that the advantages of this advancement surpass the risks. AI has the capability to enhance the efficiency, security, and accessibility of the Lightning Network. It can automate tasks, identify fraudulent activities, and personalize user experiences. Naturally, it is crucial to thoroughly assess the risks of any new technology before implementing it. However, I firmly believe that the potential benefits of AI outweigh the associated risks.