๐ Balaji Srinivasan on Why Crypto Will Rule Post-AI Money Systems ๐
In the age of AI, money will evolve into cryptocurrency, says tech visionary Balaji Srinivasan. He believes crypto's digital scarcity will perfectly complement AI's digital abundance. "AI creates digital abundance, but not everything becomes abundant. Crypto provides digital scarcity to balance it. So, money after AI is crypto," he explained.
On social media platform X, Srinivasan, an influential entrepreneur and investor, shared his insights. Known for his roles at Coinbase and Andreessen Horowitz, he argues that in an AI-driven world, cryptocurrency will become the standard for money.
He reasons that in an era where AI can generate plenty, crypto's provable scarcity will be crucial. It can help verify human identity in a world where AI tools mimic human behavior. Plus, as we interact with robots owned by others, financial transactions will be needed, making crypto indispensable.
Srinivasan also points out that while some scarcities may vanish, like stationary household robots, new forms of scarcity will arise. The supply chains for building robots and running AI data centers will remain crucial, especially in regions like China and Asia.
The most critical scarcity in the AI age will be the private keys controlling the robots, which will also be crypto-based due to their superior security. To sum up, AI brings digital abundance, but crypto's digital scarcity is essential. Thus, in a post-AI world, money is crypto.
