The effect of this network will define the future relationship between humanity and AI

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There are many great articles about the technical sides of a decentralized network for artificial intelligence Effect.AI, but here we will focus of hidden impacts that The Effect Network will have on a whole crypto ecosystem.

Wide adoption of cryptocurrencies

For many years crypto-enthusiasts tried to make cryptos available for all people across the globe, who have at least a cheap smartphone. Currently there are four main ways to obtain cryptos:

• Buy
• Mine
• Bitcoin faucets
• Steemit (proof of brain)

Buying cryptocurrencies is mostly for people from privileged countries, because you need to have some savings and an access to banking to use credit cards. P2P platforms can help acquire cryptos with cash, but usually you need to travel to a big city to find a seller.

Mining is a good option to get cryptos, but it requires investing money, hardware knowledge, cheap electricity, stable 24/7 power supply and internet connection, so mining is also unavailable for the majority of population.

Steemit (proof of brain) is a great option for content creators, but it's very hard to start when you have no followers and even high-quality content will get no exposure. People can use upvote bots for a boost, but "pay-to-win" strategy can be used only by a handful of rich nations and there might be some moral implications.

Bitcoin faucets is the most popular choice for poor people to obtain some cryptos, but the profits are extremely low, there are many scammy gambling sites, often visitors are served with fraudulent ads or they help hackers to solve outsourced captchas for a harmful purpose.

Effect.AI will revolutionize the cryptocurrency distribution among all people across the globe, because finally you won't need any investments, special knowledge, fan-base or stable 24/7 internet connection to earn money. You will be rewarded with cryptocurrencies for solving easy captcha-like tasks that will "train" AI algorithms.

This means that every human with internet access will be able to obtain cryptocurrencies and start using them in the real life. Just imagine how much freedom it will bring e.g. to regions where women still are not allowed to earn and own any money. Finally they will be able to secretly earn their ticket to freedom.

Less copycat scams and phishing

The crypto space is suffering from pandemic of copycat scams and phishing websites, because for many unprivileged nations it’s more lucrative to scam people, rather than run a legit business. One should understand that most regular copycat scammers don't earn much and they would likely switch to legit jobs if the incomes will be similar. It’s our duty, as a whole community, to build a system, where an honest cooperative behavior will be a Nash-equilibrium for all people across the globe.

The Effect Network will provide an ecosystem, where people of any nationality will be equally financially incentivized for contributing to a society by 'teaching' Artificial Intelligence.

From captcha-solving to AI training

For many years captchas were used to reduce the negative impact of bots. Unfortunately, captcha-wall is not a problem for professional hackers, because there is a huge captcha-solving industry in developing countries like India, Bangladesh, Nigeria, etc. Thousands low-waged human captcha solvers work for less than $2 per hour and their effort is often being used to crack down websites or for other harmful purposes.

The Effect Network strives to create an ecosystem, where workers will earn up to $10 per hour, meaning that most low-paid captcha solvers will switch to helping improve AI algorithms, instead of solving captchas for hackers and other bad actors.

That could be a huge labor shift from shady businesses to contributing to society.

From the fourth industrial revolution to technological singularity

The costs of developing and training AI are very high, because companies do it in an old-fashion centralized way that requires a technical infrastructure capable of processing terabytes of data. Effect.AI will solve this problem by building a system that will train and run algorithms in a distributed way.

The Effect Network will be an ecosystem that connects people of all sorts of experience, and join their efforts to develop AI algorithms that will not only solve our daily routine problems, but will also bring us a bit closer to a technological singularity.

Legal Disclaimer: I'm not a financial adviser. All the information and materials provided in this blog post are for informational purposes only, and it's not a financial or investment advice of any kind. You should consult with a licensed professional for an investment advice.

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