On one hand we want bitcoin to stay a pure money and only money, and on the other hand we want it to be magic something coin that everyone uses to defend against ai? Sounds like some eth would try to capture. What I’m I missing?
Discussion
The physical process beneath Bitcoin and how it relates to time, energy and entropy.
Money is the most basic surface level description of Bitcoin.
I’m not smart enough to understand the ins and out but below is how I think of it after reading his book.
Bitcoin doesn’t need to change and this isn’t an ethereum type thing.
Bitcoin is the most secure protocol due to its proof of work and it should/will make Bitcoin the base layer of the internet.
For example, imagine if you had to use a set of private keys to login to your work computer. Like signing a message which is confirmed by the bitcoin network to prove the keys belong to you and you are allowed to sign in.
This makes it near impossible for AI computers to steal data as long as you keep you private keys offline.
Our data, work and even some personal lives are all in the digital realm making it very easy for things to get stolen because the internet is not tied to the physical realm. Bitcoin, from its proof of work mechanism, gives humanity a chance to tie the digital realm to the physical.
I agree. I don't know what he's trying to convey. Bitcoin can't be hacked by AI. I get that, but how does this defeat an AI hacker?
How does it defeat AI social engineering attacks?
I've heard a lot of people say Bitcoin is better collateral than credit cards at paying for computational costs. Is that what he's trying to convey? That's true . I've been doing that for over 2 years.