Tag Archives: digital assets

AI Infiltration

Do you want an AI to be able to read and reply to your email? Wouldn’t that be great? Yes, but I’m not doing it!

My personal email is a gateway to everything I do on the web, and that includes my digital banking. It also includes access to EVERY web tool that I use. I can’t count the number of times that I’ve used ‘Forgot my password’ on a website, or an app, and retrieved that information in my email. So, my email gives me, and anyone or anything that has my password a lot of control over the online tools that I regularly use.

As an aside, this is why two-factor authentication is so important, it protects you from someone having full control of everything you do online, simply by having access to your email. Yet, to me, this protection isn’t enough to allow me to give an AI agent access to my email. To me, this is allowing too much access to my whole digital life.

It’s not the reading of my email I’m concerned about. And frankly, I’d love to have an AI respond to basic email communication on my behalf, or to add items to my calendar for me. That would be great. But to do that I’m essentially saying to an AI company, “I’m an open book, go ahead and read me in order to train your AI model.’ And I’m also allowing an Agent full access to my digital life.

What happens when a ‘helpful’ agent decides that in order to help me it needs access to my online banking to make a purchase? Or worse yet, what happens when an AI is injected with a virus designed to collect my passwords and to update this passwords, then delete the ‘Forgot password’ emails so I don’t even know they were changed.

We’ve already seen countless examples of people being able to trick an AI into giving access to programming information that should have been kept private. Or people convincing an AI to respond to inappropriate questions it was trained not to respond to. Knowing this is not terribly hard to do, what makes you believe an AI agent with full access to your email, your life online, can’t be convinced or exploited to share your information and access in a way that will completely compromise you and your personal information?

I’m not convinced the risk is worth the reward. As I use AI more, I’m using it as a tool to help me understand and connect to the world in better, more efficient ways. But I’m not ready to let AI into my email and into my digital life. I’m wondering when the horror stories of full identity theft are going to start to happen? And I’m guessing these stories are going to start with, “I gave an AI agent access to my email.”

Digital, collectible assets

Bitcoin and other cryptocurrencies are assets that have value because they have a finite number in existence, and people see value in them. Like money Bitcoins are fungible meaning just like a $20 bill can be replaced with any other $20, a Bitcoin (or 1/20th or 1/50th of a Bitcoin) can be swapped out with another Bitcoin (or portion there of). Some people say Bitcoin will continue to rise in value, and become the gold standard of currencies, because unlike other paper/non-digital currencies where more bills can be printed by governments, Bitcoin has a finite number of coins that, while equal in value to each other, can not be duplicated or added to.

There are other kinds of digital assets that we will start to see emerge, and these are Non Fungible Tokens (NFT’s).

A NFT (non-fungible token) is a special cryptographically-generated token that uses blockchain technology to link with a unique digital asset that cannot be replicated. 

Non-fungible tokens differ from popular cryptocurrencies such as Ether (ETH), Bitcoin (BTC) and Monero (XMR), which are fungible; for example, you can exchange one Bitcoin for any other Bitcoin. ~ CoinMarketCap.com

One of the first popular examples of this was a craze over CryptoKitties. One-of-a-kind digital cartoon cats, that can be bred to create more new individual CryptoKitties, but no individual CryptoKitties could be duplicated. This one key thing is what makes them non-fungible, they are unique and not interchangeable. Essentially they are like an original piece of art. I can find a replication of the Mona Lisa, but there is only one original. NFT’s are each originals, and even though they are digital, they are unique and more originals can not be made… they have a specific fingerprint in a blockchain that can prove they are the original.

While CryptoKitties were a silly craze in 2017, they were also an excellent proof of concept that essentially showed that digital collectables can have and hold value, if you can prove that they are unique. NFT’s allow artists to create art that holds a digital signature to say, ‘this one is an original’. Besides art, this will be useful in:

• Gaming – imagine being able to trade a unique tool or weapon outside of an online game, without any chance that this rare object can be duplicated.

• Concert tickets – counterfeit tickets are made and sold, ripping off potential customers, but if a concert ticket is an NFT, it’s easy to confirm it is the original that you are buying.

• Identification – from credentialing to medical information, you can be in control of your own data and take it with you.

Unique digital assets are something that will have many valuable use cases and we will see them rise in popularity. And while some people will laugh and scoff at the idea of CryptoKitties of any kind holding any real value, non fungible Tokens and digital assists are something that will both hold value, and grow significantly in real use cases in the very near future.