TL;DR
Vitalik Buterin (or ‘ETH Daddy’ as he is affectionately generally known as right here at W3D), simply did an AMA the place he mentioned two significantly attention-grabbing questions associated to AI.
His predominant concern is: “The chance that crypto stagnates, issues like privateness and open web infrastructure develop 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 generally 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 frightened about for the way forward for Ethereum?”
“The chance that crypto stagnates, issues like privateness and open web infrastructure develop 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 massive gamers; and blockchain know-how is without end generally known as ‘an answer in search of an issue.’
2. “What do you consider 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 threat to the way forward for humanity.
One threat that he believes a decentralized protocol (like Ethereum) can play an enormous function 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 (resulting from some dangerous actors over the previous 14 years), there are two predominant use circumstances which can be 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 influence the monetary system.
And most improvements that instantly influence the buyer 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 long run holds for Ethereum, we have now sturdy conviction that Web3 know-how is right here to remain.
If something, AI ought to assist, not hinder, Web3 innovation – however hey, perhaps that is simply us.