In this podcast, experts explore the convergence between Bitcoin and AI, discussing revolutionized coding, Lightning HTTP 402 protocol, macaroons as API tokens, integrating Bitcoin payments in AI, analyzing images and generating creative comps, and the impact of Bitcoin becoming legal tender in El Salvador.
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Quick takeaways
Bitcoin and AI convergence can drive explosive growth and revolutionize industries.
Bitcoin-based micro payments and Lightning Network can enhance the global accessibility and monetization of AI services.
Open-source models and Bitcoin-based micro payments enable global accessibility and democratization of AI applications.
Deep dives
Bitcoin Brainstorm Podcast Episode Summary
The podcast episode discusses the convergences between AI and Bitcoin, highlighting the importance of understanding the powerful combination of these technologies. The hosts emphasize the role of convergences in driving explosive growth and identify the S-curves of Bitcoin and AI, both moving into the steep part of the curve. They discuss how Bitcoin has already converged with energy ecosystems and utility ecosystems, presenting examples of Bitcoin being used in gas fields and excess power being used for Bitcoin mining. The hosts also explore the potential of AI, particularly generative AI, in revolutionizing various industries, including software development and graphic design. They highlight the cost declines of training and running AI models, making them more accessible and predicting that AI will be embedded in virtually every software product by 2030. Additionally, they discuss how the Lightning Network and Bitcoin micro payments can enhance the global accessibility and monetization of AI services, eliminating counterparty risk and allowing for instant final settlement. The podcast concludes by emphasizing the importance of open-source models, global accessibility, and the potential for AI agents to dynamically interact with the world through Bitcoin-based micro payments.
The Workflow of AI Models and Agent Interaction
The hosts delve into the workflow of AI models and the need for human involvement in areas such as customer service emails. They discuss the process of fine tuning and combining various models to achieve specific tasks, taking advantage of the strengths of each model. They emphasize the role of humans in checking and personalizing the generated content before sending it out. The hosts also highlight the benefits of using Bitcoin-based micro payments, such as Lightning Network, to stream payments for AI services, reducing counterparty risk and facilitating instant final settlement. They further discuss the concept of AI agents, which can be empowered with budgets and the ability to interact with various resources, such as human workers or external services, in order to accomplish tasks efficiently. This agent-based approach leverages the potential of Bitcoin payments to create a more streamlined and effective workflow in AI applications.
The Impact of Open Source Models and Global Accessibility
The hosts emphasize the significance of open-source models in making AI technologies widely accessible and driving innovation. They highlight the positive impact of these models on global users and the potential to raise the average intelligence of individuals worldwide. They discuss the convergence of open-source models with Bitcoin-based micro payments and the ability to monetize GPU usage through stream sets or L402. They elaborate on the ability to offer AI services globally from day one, as Bitcoin payments remove barriers related to credit card approvals or specific regional access. The hosts also discuss how Bitcoin's final settlement capability enhances the interaction between AI models and other services, allowing for immediate payment and avoiding issues related to chargebacks. This global accessibility and streamlined financial infrastructure contribute to the democratization and scalability of AI applications.
The Future Outlook of Bitcoin and AI Convergences
The podcast episode concludes by discussing the future outlook of Bitcoin and AI convergences. The hosts predict that the cost of foundational models will continue to decline, making them more accessible and driving innovation. They emphasize the need for workflow-based approaches that combine specialized models, human input, and Bitcoin micro payments to create powerful AI solutions. The hosts anticipate the expansion of specialized models catering to specific tasks, rather than relying on a single black box model. They underscore the importance of the AI agent concept, enabling autonomy and adaptability in AI systems. Overall, the hosts highlight the immense potential of Bitcoin and AI convergences, envisioning a future where these technologies provide global accessibility, financial efficiency, and improved productivity across various industries.
Bitcoin-enabled agents and internet native payments
The podcast episode explores the concept of Bitcoin-enabled agents and the potential of internet native payments. The speakers discuss how agents can hold Bitcoin balances and interact with services that accept token gated payments. By utilizing internet native payments, agents can become more autonomous, fulfill tasks more effectively, and have greater control over their funds. The development of open-source tools, such as Langchain, enables agents to hold Bitcoin, navigate payment gateways, and handle transactions. The speakers highlight the potential for agents to pay each other for specialized tasks, creating a network of commerce among these autonomous entities.
The convergence of AI and Bitcoin
The podcast delves into the convergence of artificial intelligence (AI) and Bitcoin, presenting real-world examples of how these technologies work together. The speakers discuss how AI models are being utilized in various domains, such as celebrity website building, and how Bitcoin facilitates the payment and exchange of services within this ecosystem. They emphasize the advantages of Bitcoin and AI integration, including the ability to cascade model sizes and enable specialization in knowledge work. The speakers envision a future where individuals can access and sell specialized AI services while streamlining payments using Bitcoin. They also discuss the potential impact on employment and economic productivity, drawing parallels to the assembly line's impact on physical labor in the early 1900s.
Since inception, ARK has researched and published thoughts on the cryptocurrency ecosystem within Big Ideas and through articles, whitepapers, monthly Bitcoin reports and podcasts. Now, in coordination with Bitcoin Park, ARK is pleased to introduce a monthly conversation with leaders in the Bitcoin space, to discuss everything happening in the rapidly-changing and still nascent Bitcoin ecosystem. Published through the For Your innovation podcast channels, this monthly series aims to be informative and enlightening, including experts with diverse viewpoints.
Guests on this month’s Bitcoin Brainstorm include:
Frank Downing – Nex Gen Internet Director of Research, ARK Invest
Key Points From This Episode:
00:00:00 Intro to the Bitcoin Brainstorm with Yassine and Rod
00:02:39 Introduction to this month’s guests
00:04:10 Cathie Wood explains the impact and importance of the convergence between and among technologies
00:12:32 Paul discusses how AI has revolutionized coding and computer engineering
00:19:40 Kody applies the coding revolution to Bitcoin and explores how Bitcoin and AI are converging
00:26:42 Cathie and Laulu discuss Lightning HTTP 402 Protocol (L402) and internet payment flow generally
00:30:24 Frank and Paul explain that Bitcoin could be useful as money because it cuts out traditional intermediaries in payment processing and could decrease counter-party risk
00:39:00 What are some of the use cases of micro-payments and how do they compare to larger payments like monthly subscriptions
00:51:27 Kody explains why the first rendition of L402 used special cookies know as macarons
00:53:16 Frank and Laolu discuss the constraints of ChatGPT and what the potential of AI agents can be outside the walls of a chat window, if given a budget and proper integration points
01:01:30 Through the example of a web development project, Paul describes how Bitcoin and generative artificial intelligence are converging today
01:06:55 What does the next generation of knowledge workers look like with micro-payments allowing for more efficient payment allocation?
01:14:48 Closing thoughts and remarks on Bitcoin’s unique impact on artificial intelligence today
