Arthur Hayes, co-founder and former CEO of BitMEX, has proposed that Bitcoin could become the preferred currency for the rapidly advancing domain of artificial intelligence.
In a recent blog post titled “Massa,” Hayes discussed a future where AI and robotics would eliminate the less desirable tasks in human work, allowing more people to focus on their passions and potentially usher in a new renaissance of art and culture.
Future AI adoption and Bitcoin.
Hayes acknowledged the intimidating question about AI potentially overshadowing human capabilities. As he noted,
“Ever since the first computers came online during WW2, scientists and philosophers have debated how thinking machines will evolve and their impact on the human experience.”
He sees recent advancements in computing power as an indication that we are on the cusp of a significant shift, with AI set to go viral and alter the course of humanity.
As an example of the rapid adoption of AI, he pointed out to his readers how ChatGPT reached 100 million monthly active users in just two months, making it the “fastest adopted technology in human history.” This, he proposed, offers a glimpse into how swiftly AI integration into daily life can alter societal norms.
Regarding AI’s potential impact on the crypto industry, Hayes suggested that, as a businessman, he views AI’s increasing prevalence as a double-edged sword. He is drawn to it due to AI’s significant influence on humanity’s future and subsequent value. Yet, he is also wary of the initial investment into a new technological advancement, as he believes it is typically overpriced.
Massa
In anticipation of the upcoming ‘AI mania,’ Hayes plans to leverage his deep understanding of the crypto industry to identify its intersections with the evolving developments in AI. He aims to explore this interplay in a series of three essays, the first of which, “Massa,” argues that Bitcoin will be the currency of choice for AIs.
Hayes visualized a scenario where advanced systems, such as a poetry-creating AI, would necessitate a secure, blockchain-based digital payment system, like Bitcoin, to engage in transactions. This is because, according to Hayes, Bitcoin effectively preserves its energy-purchasing power over long periods.
Will AI eat Bitcoin?
Arthur Hayes then explored the basic needs of AI and its “food sources” in a section titled “AI’s gotta eat” and drew a comparison between AI and Bitcoin, suggesting that the latter is the…
Click Here to Read the Full Original Article at Bitcoin (BTC) News | CryptoSlate…
