ETH Daddy Discusses Ethereum and AI

TL;DR

• Vitalik Buterin (or ‘ETH Daddy’ as he is affectionately often known as right here at W3D), simply did an AMA the place he mentioned two significantly attention-grabbing questions associated to AI.

• His major concern is: “The chance that crypto stagnates, issues like privateness and open web infrastructure change into misplaced causes.”

• He largely thinks about: “AI-related points,” (noting the existential dangers stemming from developments in AI); and “how/if the Ethereum neighborhood may productively interact on them.”

Full Story

Vitalik Buterin (or ‘ETH Daddy’ as he is affectionately often known as right here at W3D), simply did an AMA hosted on an app constructed on the decentralized social protocol, Farcaster.

Throughout it, he was requested two significantly attention-grabbing questions associated to AI.

1. “What are you most anxious about for the way forward for Ethereum?”

“The chance that crypto stagnates, issues like privateness and open web infrastructure change into misplaced causes.”

Translation: ETH Daddy worries that probably an important innovation in Web3 know-how – the blockchain – turns into irrelevant.

On this case, information continues to be owned and monetized by just a few huge gamers; and blockchain know-how is without end often known as ‘an answer on the lookout for an issue.’

2. “What do you concentrate on more often than not?”

“AI-related points,” (noting the existential dangers stemming from developments in AI); and “how/if the Ethereum neighborhood may productively interact on them.”

Translation: The facility of AI is not misplaced on ETH Daddy and he believes that it poses an actual danger to the way forward for humanity.

One danger that he believes a decentralized protocol (like Ethereum) can play an enormous position in fixing, is a system that enables people to show that they really are human.

This is our take: Whereas we admit, Web3 has a branding downside (as a result of some unhealthy actors over the previous 14 years), there are two major use instances which are right here to remain: cryptocurrencies, and sensible contracts.

The factor that most individuals appear to have forgotten throughout this bear market is that cryptocurrencies instantly impression the monetary system.

And most improvements that instantly impression the patron financial system (checks, ATMs, bank cards, PayPal) often stick round till one thing higher comes alongside.

As for NFTs (that are powered by sensible contracts), proper now, these are enjoyable for customers, and by the very nature of blockchain know-how, will live on whether or not customers prefer it or not.

Whereas we won’t say for certain what the longer term holds for Ethereum, we have now robust conviction that Web3 know-how is right here to remain.

If something, AI ought to assist, not hinder, Web3 innovation – however hey, possibly that is simply us.