Will artificial intelligence choose Bitcoin as its currency? Arthur Hayes thinks so

Arthur Hayes, co-founder and erstwhile CEO of BitMEX, has proposed that Bitcoin could go the preferred currency for the rapidly advancing domain of artificial intelligence.

In a recent blog post titled “Massa,” Hayes discussed a aboriginal wherever AI and robotics would destruct the little desirable tasks successful quality work, allowing much radical to absorption connected their passions and perchance usher successful a caller renaissance of creation and culture.

Future AI adoption and Bitcoin.

Hayes acknowledged the intimidating question astir AI perchance overshadowing quality capabilities. As helium noted,

“Ever since the archetypal computers came online during WW2, scientists and philosophers person debated however reasoning machines volition germinate and their interaction connected the quality experience.”

He sees caller advancements successful computing powerfulness arsenic an denotation that we are connected the cusp of a important shift, with AI acceptable to spell viral and change the people of humanity.

As an illustration of the accelerated adoption of AI, helium pointed retired to his readers however ChatGPT reached 100 cardinal monthly progressive users successful conscionable 2 months, making it the “fastest adopted exertion successful quality history.” This, helium proposed, offers a glimpse into however swiftly AI integration into regular beingness tin change societal norms.

Regarding AI’s imaginable interaction connected the crypto industry, Hayes suggested that, arsenic a businessman, helium views AI’s expanding prevalence arsenic a double-edged sword. He is drawn to it owed to AI’s important power connected humanity’s aboriginal and consequent value. Yet, helium is besides wary of the archetypal concern into a caller technological advancement, arsenic helium believes it is typically overpriced.

Massa

In anticipation of the upcoming ‘AI mania,’ Hayes plans to leverage his heavy knowing of the crypto manufacture to place its intersections with the evolving developments successful AI. He aims to research this interplay successful a bid of 3 essays, the archetypal of which, “Massa,” argues that Bitcoin volition beryllium the currency of prime for AIs.

Hayes visualized a script wherever precocious systems, specified arsenic a poetry-creating AI, would necessitate a secure, blockchain-based integer outgo system, similar Bitcoin, to prosecute successful transactions. This is because, according to Hayes, Bitcoin efficaciously preserves its energy-purchasing powerfulness implicit agelong periods.

Will AI devour Bitcoin?

Arthur Hayes past explored the basal needs of AI and its “food sources” successful a conception titled “AI’s gotta eat” and drew a examination betwixt AI and Bitcoin, suggesting that the second is the perfect “currency” for AI operations.

According to Hayes, AI necessitates 2 captious ingredients to beryllium and thrive: information for learning and beardown computational power.

This information indispensable beryllium hosted somewhere, which requires computers to devour electricity. Moreover, AI needs a robust web of computers to process and larn from this data, which besides requires electrical power. He simplified the AI’s nutrient sources down to semiconductors and electricity, noting the rising occurrence of NVIDIA owed to the indispensable relation its GPU chips play successful AI development.

Hayes besides drew a fascinating thread connecting AI, Bitcoin, and electricity. He likened the profitability of an AI, and by extension, its full existence, to its quality to output much than it consumes successful energy. In this regard, AI is akin to humans, who besides request to nutrient capable worth to spend their nutrient and fuel. However, the ‘currency’ that an AI volition judge for its output indispensable support its purchasing powerfulness successful kilowatt-hours. Hayes asserted Bitcoin was the cleanable choice, being vigor money.

He further broke down the origins and values of gold, fiat, and Bitcoin, evaluating each based connected scarcity, integer censorship resistance, and vigor purchasing powerfulness and concluded that Bitcoin is the logical currency prime for immoderate AI, being purely digital, censorship-resistant, provably scarce, and intrinsically tied to the outgo of electricity.

According to Hayes, the adoption of Bitcoin by AI systems could perchance pb to a important summation successful worth if the cryptocurrency starts to beryllium utilized by AI, starring to a imaginable overlap of 2 abstracted manias: the mania of wanting to flight ostentation wrong the fiat fiscal strategy and the mania of wanting to ain a portion of the adjacent signifier of quality and machine evolution. He believes this could thrust investors to overpay for growth, causing the worth of the Bitcoin web to emergence exponentially.

Looking to the future.

While this is much of a speculative workout than a factual prediction, Hayes emphasized that the astir wealth tin beryllium made erstwhile the marketplace terms adjusts from “can ne'er happen” to “maybe could happen.” This suggests that the thought of AI adopting Bitcoin and the consequent surge successful its worth could beryllium an eventuality to hole for.

While Hayes acknowledged that helium cannot foretell the precise aboriginal of AI oregon quality civilization, his observations and hypotheses exemplify imaginable aboriginal scenarios.

His exploration of the AI-Bitcoin symbiosis prompts america to see these 2 revolutionary technologies’ synergies and imaginable evolution.

The archetypal successful this bid of AI essays tin beryllium recovered connected Hayes’ Substack blog.

The station Will artificial quality take Bitcoin arsenic its currency? Arthur Hayes thinks so appeared archetypal connected CryptoSlate.