Source: blockchain.news
In the article “Massa”, written by Arthur Hayes on Medium, the author examines the potential impacts that artificial intelligence (AI) can have on various aspects of society.
According to him, robots and artificial intelligence (AI) will mainly be used to replace labor-intensive jobs, freeing up workers to pursue their hobbies.
He believes this can lead to a renaissance of creative and cultural expression.
Hayes also raises the possibility of artificial intelligence surpassing humans and taking over humanity in the future.
He hypothesizes that, in light of recent developments in computing power, artificial intelligence is on the cusp of a breakthrough that could instantly transform the path of human history.
Hayes is interested in the business possibilities of AI because of his business background.
Hayes is under the impression that there will be substantial developments in the AI interface and CRYPTOCURRENCIESparticularly bitcoin.
He argues that Bitcoin, due to its digital form, resistance to censorship, verifiable scarcity, and inherent value that is related to the cost of energy, will emerge as the money of choice for artificial intelligence.
He argues that artificial intelligence will need a digital payment system that is constantly accessible, fully automated, and open to scrutiny.
He thinks that implementing a blockchain-based system is the only viable answer.
Furthermore, Hayes draws attention to the fact that data and processing power, which are essentially forms of energy, are the two most important resources for artificial intelligence.
Because of this, an AI will need a currency that maintains its power to purchase energy even for long periods of time.
Hayes goes into great detail to explain why Bitcoin will be the preferred form of payment for machines.
Compare the rarity, resistance to digital censorship, and purchasing power of gold, fiat money, and bitcoin, and find that bitcoin outperforms the other two in each of these areas.
Last but not least, according to Hayes, the price of Bitcoin could rise sharply in the coming years if the story that AI loves Bitcoin breaks out. According to him, this forecast is based on the idea that this story will gain mainstream appeal.
Read More at blockchain.news