Topic: [ANN] [ICO] SingularityNET: Decentralizing the Future of AI - page 3. (Read 25414 times)

How is the AI PIZZA going?

I put 1 BTC into this AGI garbage and it is now worth less than .03 BTC.

Thanks for the horrible effort.

SingularityNET is an AI marketplace hub that allows individuals, small businesses, corporate customers, and even other marketplaces to purchase a custom blend of AI services such as speech recognition, delivery optimization, IoT, etc., which can then run and directly communicate with each other on the SingularityNET platform. These services are paid for using a fiat-to-AGI gateway, and because customers will mostly be paying in fiat, the price of AGI is irrelevant to them. While the price of AI services is set by each developer in fiat, anyone can buy AGi off the market and purchase AI services directly on the marketplace using AGI.

In the case of someone like Domino’s pizza, which is a SingularityNET partner, say they want to sign a year-long contract to purchase 10 million USD of AI services from Singularity Studios, this contract would be purchased with USD and converted into AGI.

Once a payment channel is established, the AGI is locked away and the supply of AGI decreases. Subsequently, Ping An, one of the largest companies in the world, and the various other undisclosed clients of Singularity Studio purchase contracts for AI, and  AGI is purchased at whatever the market price of AGI is using the fiat gateway. This drives up the price of AGI further.

Once the price of AGI rises, it makes the news. The NYT, Forbes, and various AI blogs write articles about how small businesses can request custom AI using AGI on the RFAI portal, and developers become interested in creating AI on the network. Businesses purchase AGI to stake on the RFAI portal, which drives supply down even further.

Once developers see the value of AGI rise, they will want to place their own AI algorithms on the platform to capitalize on the rising price of AGI. This will fuel staking and utilization of AI service contracts, which will further decrease supply of AGI.

As the price of AGI rises, speculative buying will further drive the price of AGI, and there will be a tipping point where there will be so many premium AI algorithms available, that both corporations and developers will flock to SingularityNET as the go-to platform for AI, similar to how Amazon came to dominate consumer products.

All of this doesn’t take into account various staking mechanisms that will be in place, or the quest for super-intelligent AI (Artificial General Intelligence), which is the life-long quest of Dr. Ben Goertzel, the CEO of SingularityNET.

This thread is not getting the attention which it really deserves even it doens't matter a lot for SingularityNet kind project. There have been significant advancement in development recently and social media is main means of information. What great would be if few supporters one by one start sharing updates here to keep the thread active.

The Birth of Decentralized AI | Announcing the launch of the main net Beta version of the SingularityNET Platform on the Ethereum Network
https://blog.singularitynet.io/the-birth-of-decentralized-ai-bb82f638a497

Most people here have no idea about what the technological singularity actually is supposed to be, nor the timeframe in which this is supposed to happen, IF it will happen at all. Thus all people now complaining in this thread about the fact that the token's price in $ has been tanking for most of 2018 are indeed quite ridiculous, even surreal.
There is a beautiful note on the bottom of the SingularityNET website:


Only functional analphabets would complain about the token's price after having read such a statement.
On a side note it is a pity that the Bitcointalk thread of such an ambitious project has progressed in one year only by 22 pages, which by the way are dense of stupid commets about the token's price, equally split between those who are unhappy of the price and those who are happy about the price.
Let's try to raise to a new level, and give better content and dignity to this thread!

Note: While we are aware that the AGI token is currently being traded on some exchanges, we do not encourage or facilitate this exchange trading in any manner. Speculative secondary trading is against the spirit of the AGI token and SingularityNET project. We strongly discourage speculative secondary trading and officially ask AGI token holders to act accordingly.