It has become impossible to tell managers mesmerised by artificial intelligence that the tools are not, in fact, helpful. So employees just play along with the fiction to keep their jobs, writes our tech columnist
I’m glad you specifically pointed out proof-of-work blockchains.
They’re very inefficient (economically and ecologically) by design. In almost all cases this design isn’t warranted.
Alas there are other designs and while most of them are rubbish as well, a few ones are doing things quite right.
I hope that just like other schemes than proof-of-work were thought of regarding blockchains, there will be AI models that are way, way more efficient and ideally can be run locally - for those cases that can use AI…
Wasn’t Nano predicated on those lines? I remember reading transactions could be done locally, even off-line, validated beetween the parts and only later added to the global ledger.
What I understood then was that the local ledger of a given user of the coin would authorize and register the transactions done on/off the recorded balance and, when network available, would broadcast such transactions to the global ledger.
The global ledger was the total sum of transactions, not imperatively required to authorize transaction by transaction.
Funny, that you even know about Nano!
…it’s one of the often overlooked projects because it doesn’t have a ton of fuck-off-money and instead tries to focus on a solid protocol.
Nano has a lot of interesting attributes, but I fail to see how what you describe would work in practice.
If both parties want to make sure there are no shenenigans at play, they need to know about the most recent state of the respective account chains, which essentially requires them to be online for agreeing on said transaction.
But overall Nano is very fast and efficient by design and only a failure in terms of “gainz for Lambo”.
As we’re here in a thread about AI I should remark that machine-to-machine-payments - in this case: agent-to-agent-payments - would work pretty well with Nano as currency because of the transaction finality (typically less than 1 second) and the feeless nature of transactions.
If AI agents are looking for the most viable way to transfer tiny amounts of value fast and without fees they might find Nano and use it - who knows…
…and just like Nano showed that efficient ways to create digital money are possible I’m hoping for efficient AI models that are economically and ecologically worthwhile.
What I understood then was that in person transactions could be done, as the local ledger of each user would authorize and record operations on and off the available balance and wait until network availability to syncronize with the global record.
Returning to the subject at hand: I can imagine very specialized “AI” being useful for scientifical research, where very knowledgeable people use it as a tool to facilitate processes but are nonetheless capable of reviewing whatever results it produces.
Not gigantic datacenters required for this but small, purpose made and perfected, locally run, even if on higher specifications hardware to do so, but machines built for a given task and purpose. The economic viability on it be damned; it’s a tool for research, it is not made to earn money.
I’m glad you specifically pointed out proof-of-work blockchains.
They’re very inefficient (economically and ecologically) by design. In almost all cases this design isn’t warranted.
Alas there are other designs and while most of them are rubbish as well, a few ones are doing things quite right.
I hope that just like other schemes than proof-of-work were thought of regarding blockchains, there will be AI models that are way, way more efficient and ideally can be run locally - for those cases that can use AI…
Wasn’t Nano predicated on those lines? I remember reading transactions could be done locally, even off-line, validated beetween the parts and only later added to the global ledger.
That requires a global ledger. Blockchain is an appallingly bad way to implement one.
What I understood then was that the local ledger of a given user of the coin would authorize and register the transactions done on/off the recorded balance and, when network available, would broadcast such transactions to the global ledger.
The global ledger was the total sum of transactions, not imperatively required to authorize transaction by transaction.
Funny, that you even know about Nano!
…it’s one of the often overlooked projects because it doesn’t have a ton of fuck-off-money and instead tries to focus on a solid protocol.
Nano has a lot of interesting attributes, but I fail to see how what you describe would work in practice.
If both parties want to make sure there are no shenenigans at play, they need to know about the most recent state of the respective account chains, which essentially requires them to be online for agreeing on said transaction.
But overall Nano is very fast and efficient by design and only a failure in terms of “gainz for Lambo”.
As we’re here in a thread about AI I should remark that machine-to-machine-payments - in this case: agent-to-agent-payments - would work pretty well with Nano as currency because of the transaction finality (typically less than 1 second) and the feeless nature of transactions.
If AI agents are looking for the most viable way to transfer tiny amounts of value fast and without fees they might find Nano and use it - who knows…
…and just like Nano showed that efficient ways to create digital money are possible I’m hoping for efficient AI models that are economically and ecologically worthwhile.
What I understood then was that in person transactions could be done, as the local ledger of each user would authorize and record operations on and off the available balance and wait until network availability to syncronize with the global record.
Returning to the subject at hand: I can imagine very specialized “AI” being useful for scientifical research, where very knowledgeable people use it as a tool to facilitate processes but are nonetheless capable of reviewing whatever results it produces.
Not gigantic datacenters required for this but small, purpose made and perfected, locally run, even if on higher specifications hardware to do so, but machines built for a given task and purpose. The economic viability on it be damned; it’s a tool for research, it is not made to earn money.