Topic: [ANN][HUT34] - The Hut34 Project. Where A.I. does business - Starts Nov 2 - page 22. (Read 13265 times)

Hi nnekic86, the role of the Hut34 Network, will be to connect a wide range of digital services to one another - which includes chatbots, Iot devices, AI engines - once connected these services will all be able to exchange their data and  information and be paid in ENT, whenever they add data to the network, or resolve a query from another network participant. As a result of all the connected particpants, we will have a global open network of semi intelligence, sharing data and information - free from corporate constraints and controls.  Imagine 1000s+ chatbots all with different information sets all connected, talking and transacting with each other.  Network particpants will connect to the network via an individual node and information transactions will be agreed to between a querying and a responding service. The result of this will be a transfer of an agreed amount of the ENT token to the responding service/bot from the querying service/bot. ENT is an ERC20 token, so transactions will be written to the ethereum blockchain. Hope this helps

Hi btcminer49er, Hut34 network particpants are rewared for their information contributions, not activity. When a particpant contributes data, information or knowledge by resolving queries from other bots, or by feeding in data from their connected IoT device they are paid by the consumers of that data. If you imagine data is like oil, oil producers are paid for the oil they produce - just like data producers - people that take oil (data) and refine it and add value to it are also paid for this- they add value to the data turning it into information. Consumers who use this data or value added information pay these producers for this. There would be no utility in just adding bots or any other digital devices for no reason - if a bot builder however adds many bots, or data sensors that all contribute to the network's information content as a whole they will be rewarded for this.  Hope this helps.

Won't this intice people to mass deploy some bots? Like we see with mining farms nowadays?

I guess devs are from different time zone so I will answer your question for now.
Check back later tho, to see direct response from developers.

Not exactly, its is not about mining coins.
The whole idea is revolving around bot network. Software developers will create programs (bots), those can be connected to nodes (Huts) and cooperate to bring desired outcome (information).
No specialized equipment is necessary, PC, smartphone on tablet will suffice.
Anyone willing to posses specific information would have to pay a fee for using the network (Buy information).
This is where the income comes from, dealing with commodity, the info.
 

So if I understand, after project start, there is gone be people (software developers) which will made programs for connecting to your network?  They need to build miner? Or there is gone be specific miners (like Antminer...) ? 

Hi btcltcdigger,  thanks for yor question. Hut34 is not a platform for renting bots. It is the  network that will allow all bots/bot builders (and other digital service builders) to connect their service and interact with one another. It will facilitate these interactions and llow them to be monetised. Bots that contribute information to the network will get paid for this contribution in our token - ENT, whilst bots that extract information or data, will need to pay for this via ENT.

Bot builders can build there bots in any dev platfrom - once built - they will connect to the network - route unresolved queries to the network - rank network responses - and finally earn ENT from their contribution.

Hope this helps

Oh i see.

So a bot / software renting platform?

Hey btcminer49er and dave111223 Thanks for your interest. We think it would be shame if people miss out. In short Hut34 Network will act as a marketplace for data. It will allow transaction and interaction between different digital services. It will mean that a small dev with a particular interest can cooperate without friction with other dev's to power up their products meaning that collectively they can genuinely compete with the big end of town. We talk about about conversation platforms a lot because we started the project by connecting bots built on different platforms and conversing on different channels. This means a continuous natural conversation across bots. We have established ethereum wallets and tested writing these transactions to ethereum blockchain. We started to realise that if we created an open network to connect anything via nodes or huts would get really interesting. So we have for example included and tested a simple IoT device into the mix. We have built a platform that we will open up shortly for people to test. However because this is an open system we invite others to build their own platform to add to the network and monetise that. Different dev's will like different platforms and this is fine by us. The network is the goal.

So its not just for bots. But a bot might use what you have to offer. Working on a specific AI? Connect it to the hut and let people use it and monetise on a transactional basis. No need to sell out. Know about programmatic advertising? Start a digital agency that bots can tap into to help them monetise if they so choose. Own a set of IoT Devices, connect them to the hut, and sell the data. Need to know something and want to define your own routing options? Hut34 is a better place to do it.

I hope this helps a little.

Is there something specific you are looking for? Did you want us to include anything of your special interest in our upcoming video? We will do our best to answer. Feel free to PM if you want have an idea you want to float that might work on the network but want to keep it private for now. We want to give you as much information as you need, it is unlike many projects a rich multilayered project so there is no simple one liner about what it is.

THANKYOU @POPTOK1  We will use it again and again and again! Spread the word!

We like your opinion @ekurtovic! Best place to look at the sale is https://hut34.io/entropySale The sale will have 28 days with 10% bonus, this is followed by market pricing mechanism (reverse auction) which starts high and drops till available tokens sold or time runs out. Everyone will then pay the lowest price that the auction determines. Basically you commit how much ETH you will put in, and collectively market decides how much ENT you will get back, not us. This is best mechanism practice and proposed by VB and used in all good sales. We have had some super smart dudes at SigmaPrime build the sale and the audit starts next week with another super smart dude who we will announce.

So in short we can't say what price will settle at, because we just don't know. The good news is the conversation is building. What we need is continued awareness of the project so that people see the opportunity. Please shout out to your own community and point them to us, we think the once people (we are targeting dev's) understand the scale and potential of the opportunity they can't help but jump on board!

Both and more. Bot's are one use case. They have 3 components typically today, database, AI engine (NLP) and program. On Hut34 they can power up more by connecting to and transacting with other bots, IoT devices, and other specialist AI's, or even data sets. That is up to how clever the bot developer is, the benefit to developers is their bot can get much smarter than what is possible today with siloed platforms. We see a future in conversational channels which is why we talk bots so much. But the network is by no means restricted to them. No reason a browser or app can't be the interface. We would also allow bespoke services so something like Sensay which enables human interactions could also be a node/hut on the network, or someone could create their own version.  The benefit we hope you will see of using bots as a tool to share your intelligence is scaleability - have a million conversations at once over just one. I hope that you are starting to see the potential scale, depth and variety of opportunity for dev's to monetise on Hut34.

Thanks @aalmina82, Bloomberg just reported Jack Ma (owner of Alibaba and 13th richest person in the world) saying exactly this, that data will be more precious than oil. He went on to say that someone just has to work out how to monetise it. We believe we have, but we want to share the rewards with the data owners and creators by creating a frictionless marketplace that is as simple as having a conversation - Not control it and make more centralised wealth. Read here. http://[Suspicious link removed]/6MsR30faFzz

Hi Poptok1 Hut34 will allow programmatic advertising into the network to allow multiple funding monetisation options for bot developers. It is an entirely new channel for advertisers that they will be keen to get onto. We are not aware of any conversational platform that has enabled advertising well. However the difference that we have to the likes of Google is that advertising will be by the choice of developer. It will be up to the bot or service developer to decide if they wish to route and include advertising into their conversation. Or would they prefer a user pays, subscription or brand sponsored model?  (Or something else that we have not yet thought of). Importantly the use of advertising will not be decided or controlled by Hut34. It will be defined by the bot developers and digital service providers. Furthermore there is a significant opportunity for someone to create auction advertising nodes or huts that developers can opt-in to use, this could be a very significant business in its own right. Our approach is to enable bot developers, IoT device owners, A.I. Engines and digital service providers the control to choose how they monetise. Advertising is one of many options, that is up to them.

If Data is the new oil, then Hut34 is the pipeline..

 

new oil... we are live in the world where information worth a gold... 

looks interesting project.

do you have information after someone invest in buying Entropy tokens, what price of token you expect after starting project?

My opinion, project have future and price will rise when people start to use service hut34 

I agree. Please add more details, as this looks interesting, and would be a shame if people miss it

Hah, smooth. I like it

So are we talking about some bot, or a semi-AI?

O, I see that my little slogan came to your liking of course you have my permission to use it as much as you need.

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What's your policy on advertisement? Did not find any word on that in the whitepaper.
Does Hut34 endorse some form of advertisements inside bots, like for example referral links, small banners, text adds? Will Huts allow all this at will of bot-dev or this area will  be reserved for Entropy Foundation only?

We have some video demos in production, along with more news updates, and details on how to test / view / interact with the platform.

The bottom line is that if you believe data has value, then you'll probably also believe that right now, centralised monoliths like Google, Apple, Facebook etc. are the ones extracting all of the value - this is wrong, and a marketplace for data based on a open and fair transactions on the Hut34 network can help establish a fairer, better system. Here are two of the 'slogans' which have emerged as we talk more about our project;

'If Data is the new oil, then Hut34 is the pipeline'

and 'Hut34 - Big data for the small guys'

We can't wait to see what this thread comes up with next!