Crypto’s Path to Ascendancy: Balaji Srinivasan Unravels Post-AI Money Systems
Balaji Srinivasan asserts that in the AI era, money will transform into cryptocurrency, offering digital scarcity to complement AI’s digital abundance.
He explains that AI provides abundant digital resources, but not everything becomes abundant. In contrast, crypto introduces scarcity, which aligns well with AI’s abundance. Srinivasan, known for his roles in technology and crypto, including co-founding Counsyl and serving as CTO at Coinbase, believes money post-AI will be crypto.
He outlines five points to support his view, emphasizing crypto’s provable scarcity in an AI-abundant world and its role in verifying human identity. Additionally, he discusses money’s function as a bridge between economic actors, the persistence of high-level scarcity, and the security benefits of crypto for controlling robots in the AI age.
Clever Robot News Desk 20th June 2024
