Former Coinbase govt Balaji Srinivasan thinks crypto will function the cash of a man-made intelligence (AI) age.
Srinivasan tells his 1 million followers on the social media platform X that crypto represents “digital shortage” and AI represents “digital abundance.”
He notes that AI received’t make every thing ample, nevertheless.
“What’s cash after generative AI and robotics? That is basically crypto. Cash itself turns into cryptocurrency, simply as a lot intelligence turns into electrical energy.
Right here’s why:
1) First, cryptocurrency is what’s provably scarce within the age of AI abundance. That isn’t a nasty factor. For instance, you want scarce crypto belongings to show you’re a human when AI instruments for faking humanity are ample.
2) Second, cash is a bridge throughout economically distinct actors. You don’t must pay your hand to maneuver, nor do you have to pay a robotic you personal to maneuver. However a robotic owned by one other financial actor will nonetheless want cash to lease. So, ship the coin to unlock that drone.
3) Principally, shortage at a excessive degree doesn’t go away, so cash doesn’t go away. However many types of shortage could go away. Washing machines are stationary family robots and could also be changed by strolling machines which might be cell family robots.”
Srinivasan says that web3 backends like Bitcoin (BTC) and Ethereum (ETH) have superior safety to any web2 system. He argues that crucial type of shortage within the AI age might be crypto personal keys “to regulate the robots.”
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