What Did Sam Altman Mean When He Says "There Will Be No Need for Money Thanks to GPT-7"?
OpenAI CEO Sam Altman made a remarkable statement in a program he attended. Altman said that a new era will begin all over the world with GPT-7. According to OpenAI CEO, this new era will eliminate currencies.
The theme of the idea put forward by Sam Altman is "universal basic income". In this system, money is given to individuals without any conditions. The reason why Sam Altman has such an idea is the possibility of unemployment that artificial intelligence may cause. This idea, which is likely to disturb some people, has already started to receive support from some groups.
According to Sam Altman, GPT-7 will be the beginning of a universal basic income system.
Because everyone will get a piece of GPT-7's power and the "productions" made can be traded. Sam Altman said that individuals can use, sell or donate what they produce with GPT-7.
Sam Altman did not provide a clear explanation of how a universal basic income system would work. However, such a system can provide some financial relief to all people in the world. Of course, we will all see what consequences this will have.
What a day so far for Bitcoin, I can smell the blood coming out of the bears… but is it over?
Bitcoin is volatile exactly as expected from NFP and we need more volatility from this region ahead of the weekend.
⚠️ Above $61,180 (POI) is a bullish zone and we should see more upside momentum above - Blue Projection Below we can get a little pullback but eventually, a bullish outcome should happen.
The H4 candle closed bullish and we need more bullish H4 candles to get a continuous upside pressure.
🚨 The Daily candle is bullish now and a healthy closing like this will trigger the Morning Star candlestick formation.
We need to wait for the daily closing, this is still a bit early to call it bullish.
Whatever Bitcoin does most altcoins will simply follow that today and in the upcoming weekend.
🔮 Be ready to trade, if you miss a reversal.. you are going to regret it.
If you want to become a millionaire in crypto you need to Stop panicking everytime the market dumps.
This market will always test you and whales will try to shake you out before the massive bull run we are about to see in next 12-14 months. Bitcoin will break $150k and we will see actual altseason where altcoins will pump 50x-100x in just 3-6 months.
Best strategy to win here is to hold your spot positions and accumulate these 30% dips as opportunity.
Sell everything when blow off top happens in early - mid 2025 and retire your parents 🤝.
Holders who can hold through rough markets become the millionaires in Bull markets. Believe in yourself and stick to your plan. Anyone in crypto can become a millionaire.
In the next 6 months when crypto prices are rising, you can make big changes in your life by following these steps:
1. Save lots of money.
2. Don't buy Bitcoin or Ethereum.
3. Invest in new coins (less than 2 years old).
4. Invest in small coins (worth less than $500 million).
5. Choose strong coins in areas like Al, data, privacy, gaming etc.
6. Just wait and be patient.
7. Make big profits when prices go up.
8. Sell when many people start buying.
That's all. This plan has worked for me before, and it will again. The best part? I'll share my journey here so you can join too. Many people will wish they followed me.
In the next 6 months when crypto prices are rising, you can make big changes in your life by following these steps:
1. Save lots of money.
2. Don't buy Bitcoin or Ethereum.
3. Invest in new coins (less than 2 years old).
4. Invest in small coins (worth less than $500 million).
5. Choose strong coins in areas like Al, data, privacy, gaming etc.
6. Just wait and be patient.
7. Make big profits when prices go up.
8. Sell when many people start buying.
That's all. This plan has worked for me before, and it will again. The best part? I'll share my journey here so you can join too. Many people will wish they followed me.
In the next 6 months when crypto prices are rising, you can make big changes in your life by following these steps:
1. Save lots of money.
2. Don't buy Bitcoin or Ethereum.
3. Invest in new coins (less than 2 years old).
4. Invest in small coins (worth less than $500 million).
5. Choose strong coins in areas like Al, data, privacy, gaming etc.
6. Just wait and be patient.
7. Make big profits when prices go up.
8. Sell when many people start buying.
That's all. This plan has worked for me before, and it will again. The best part? I'll share my journey here so you can join too. Many people will wish they followed me.
Bitcoin halving is an event that occurs approximately every four years in the Bitcoin network. It is programmed into the Bitcoin protocol and refers to the reduction in the reward that Bitcoin miners receive for validating transactions and adding them to the blockchain.
During a Bitcoin halving, the number of new Bitcoins created with each block mined is halved, cutting the rate of new supply in half. This process is built into the Bitcoin protocol to control inflation and ensure that the total supply of Bitcoin remains finite, with a maximum of 21 million Bitcoins.
The first Bitcoin halving occurred in 2012, reducing the block reward from 50 BTC to 25 BTC. The second halving occurred in 2016, reducing the reward to 12.5 BTC per block. Subsequent halvings continue to decrease the reward, the third halving occurred in 2020 reducing the reward to 6.25 and with the most recent halving in 2024 reducing the reward to 3.125 BTC per block.
Bitcoin halving events often generate significant attention and speculation in the cryptocurrency community, as they can impact the supply and demand dynamics of Bitcoin, potentially affecting its price and market dynamics.