The Community Association hosted two educational seminars on November 3 about Artificial Intelligence (“AI”) and Cryptocurrency. Residents were enlightened on the subjects and peppered the speakers with questions on both subjects. Roger Navarro, Information Technology Director for the City of Venice, and Captain Eric Wood, Venice PD, presented on “AI”.
According to Mr. Navarro, AI means computers learn and think similarly to humans. AI uses data patterns to help machines understand the world. We were asked to think of AI as a smart tool like a calculator processing images and words efficiently. It can be used on a computer or phone, as part of software in a robot, such as a car, lawnmower or a two-legged machine.
Dallas Stiles, author of “Thrivin’ Now! Achieve Success, Build Wealth & Be Happy in a Post-Covid World”, presented on “Cryptocurrency” which is digital or virtual currency secured by cryptography. Each cryptocurrency operates on a blockchain to track its transactions. There are many cryptocurrencies.
Bitcoin was the first cryptocurrency and blockchain ever invented. It was created in 2009 by “Satoshi Nakamoto”. Satoshi’s original bitcoin was valued at $100 in 2009 but now may be worth $124 billion! It has never been transacted. Currently, 19.8 million bitcoins have been “mined”. Of these, 3 to 4 million have been lost, ie, the “keys” to access the coins on the blockchain were lost by the owners. (In cryptography, a key is a piece of variable data used with an algorithm to encrypt and decrypt information, like a physical key to lock and unlock data.) There is a limited supply of bitcoins: 21 million coins will be ultimately mined, by about 2140. That’s years, not military time!
