September 07, 2023

Why Bitcoin is the Currency for AI

1 hour 21 minutes

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:

Paul Itoi – CEO, Stakwork

Laolu (Roasbeef) Osuntokun – CTO and Co-founder, Lighting Labs

Kody Low – Head of Developer and Product Support, Fedi

Rod Roudi – Co-Founder, Bitcoin Park

Cathie Wood – CEO, CIO and Founder, ARK Invest

Yassine Elmandjra – Crypto Lead, ARK Invest

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

Important Links Mentioned In This Episode:

AI4ALL Hackathon website

AI for All: Powering APIs and Large Language Models with Lightning

How (Actually) Open AI Wins

AI & Bitcoin

Nostr

LangChain

AI4ALL Hackathon website

AI for All: Powering APIs and Large Language Models with Lightning

How (Actually) Open AI Wins

AI & Bitcoin

L402: https://docs.lightning.engineering/the-lightning-network/l402

Lightning Network

Stakwork

Replit

Fedi

Bitcoin Park

ARK Bitcoin Brainstorms

...more

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By ARK Invest

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