If we proceed from the fact that the main emission of bitcoins is controlled by US citizens, the most advanced AIs are controlled by US corporations, and bitcoin was admitted to the US exchanges, then the assumption of why the author campaigns for bitcoin in the article is understandable. It is not clear why US corporations that control …
If we proceed from the fact that the main emission of bitcoins is controlled by US citizens, the most advanced AIs are controlled by US corporations, and bitcoin was admitted to the US exchanges, then the assumption of why the author campaigns for bitcoin in the article is understandable. It is not clear why US corporations that control AI and earn dollars that are problem-free for them will need bitcoin with its crazy and unpredictable volatility.
He's postulating that eventually AI will control its own financial decisions and so will not be earning money for some corporation but earning money for itself. And bitcoin would logically be the currency of choice for such AI.
AI does not have its own intentions and is not an intelligent creature, like humans. Why should the owners of AI endow it with intentions to earn money, if they already create AI to earn money and control the income from the use of AI by users themselves? Childhood fantasies about the rise of the machines - is this the only reason to justify the possible hype on bitcoin with the current hype on the topic of AI?
Well, he's also saying it doesn't really matter if that scenario ever plays out as long as he can get people to believe it possibly could happen, and therefore promote bitcoin in the process.
Bitcoin doesn't need any AI hype to inflate another bubble. Another parabolic bull run is coming soon, definitely within the next 18 months but probably much sooner. Over $100K and then will crash back down to probably under $40K in 2026.
If we proceed from the fact that the main emission of bitcoins is controlled by US citizens, the most advanced AIs are controlled by US corporations, and bitcoin was admitted to the US exchanges, then the assumption of why the author campaigns for bitcoin in the article is understandable. It is not clear why US corporations that control AI and earn dollars that are problem-free for them will need bitcoin with its crazy and unpredictable volatility.
He's postulating that eventually AI will control its own financial decisions and so will not be earning money for some corporation but earning money for itself. And bitcoin would logically be the currency of choice for such AI.
AI does not have its own intentions and is not an intelligent creature, like humans. Why should the owners of AI endow it with intentions to earn money, if they already create AI to earn money and control the income from the use of AI by users themselves? Childhood fantasies about the rise of the machines - is this the only reason to justify the possible hype on bitcoin with the current hype on the topic of AI?
Well, he's also saying it doesn't really matter if that scenario ever plays out as long as he can get people to believe it possibly could happen, and therefore promote bitcoin in the process.
I bet that AI hype will not be able to be used to inflate another bubble in the crypt. :)
Bitcoin doesn't need any AI hype to inflate another bubble. Another parabolic bull run is coming soon, definitely within the next 18 months but probably much sooner. Over $100K and then will crash back down to probably under $40K in 2026.