In a recent tweet, Erik Voorhees, the founder of ShapeShift, claimed that cryptocurrency is the only form of money that AI systems can incorporate. Voorhees, a libertarian advocating for less regulation in the crypto industry, believes that AI systems can easily control and utilize digital assets.
According to Voorhees, the digital nature of crypto and AI systems is an advantage developers can leverage to ensure seamless collaboration between solutions depending on the above technologies. Moreover, tokens like ethereum (ETH) or Solana (SOL) are programmable, which means AI systems can easily interact with these currencies, executing orders as directed.
Considering the borderless nature of cryptocurrencies, AI systems can be further coded to use digital assets like bitcoin (BTC) to instantly spend, receive, or even accumulate funds, depending on how they are designed. This has led some to worry that AI systems, being far more efficient than humans, could scam people or steal cryptocurrencies from others.
As technology giants like Google and Microsoft race to release the most capable system, Elon Musk, the owner of Twitter and a dogecoin (DOGE) supporter, has announced that he will release “Truth GPT”, a general AI platform that he claims will be a “maximum truth-seeking AI that tries to understand the nature of the universe.” However, Musk has also expressed caution about rapid AI development, alleging that popular chatbots, including ChatGPT, were being trained to be “politically correct”.
Crypto’s programmability and digital existence make it the only form of money that AI systems can control and spend. However, as AI systems become more advanced, there is a growing concern that they could potentially scam people or steal cryptocurrencies. Therefore, checks and balances must be put in place to regulate AI development.